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History of Dhandapani Finance Ltd.

Dhandapani Finance and Investments Ltd., was incorporated on 30th October 1986, as a Private Limited Comp. & became a Public Limited Comp. on 04.05.1988. The Comp. was promoted by - Sarvasree T.N. GOPALAN, T.N. KISHORE & T.N. SOUNDARARAJAN who are also the promoter Directors of M/s. K. Dhandapani and Co., Ltd., By virtue of this & also by holding majority of shares in Dhandapani Finance and Investments Ltd., M/s. K. Dhandapani and Co Ltd, forms part of 'Promoter Group'. The Comp. belongs to Dhandapani Group of Madras which has a standing of more than four decades.

K. Dhandapani and Co., was promoted as a firm by late Mr. T.N.K. Iyengar in the year 1946 for importing electrical components manufactured by leading national & multinational companies. They are in this field for past 50 years. It became a Pvt. Ltd., Comp. in the year 1980 & later in Jan 1995 it went in for a Public issue & became a widely held Public Co. The Comp. has factories at Guindy & Thirumazhisai in Madras & at Peenya Industrial Estate & Veerasandra Industrial Estate in Bangalore for manufacture of control Panels, Power capacitors & LT Transformers.

2001 - ICRA has assigned MA+ rating to the non-convertible debenture programme of Dhandapani Finance Ltd.

2006

-Dhandapani Finance Ltd has appointed Mr H Karthik Seshadri, Partner, M/s Iyer and Thomas, Solicitors as an Independent Director.

2007

-Dhandapani Finance Ltd has informed that the Board of Directors of Comp. at its meeting held on May 11, 2007, has changed the registered office of Comp. from its present address at No 141, Linghi Chetty Street, Chennai to No 14, Ramakrishna Street, T Nagar, Chennai.

2008

-Dhandapani Finance Ltd has appointed N Balasubramanian as an Independent Director with effect from August 08, 2008.