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History of Hindustan Financial Management Ltd.

Hindustan Financial Services Limited [HFSLs] was incorporated under the name & style as `Hindustan Leasing Limited' on 11th October, 1985 as a public limited Comp. under the Companies Act, 1956 & registered with the Registrar of Companies, Delhi and Haryana at New Delhi. The Comp. became entitled to commence business on 30th October, 1985 pursuant to Certificate for Commencement of Business issued by Registrar of Companies, Delhi and Haryana at New Delhi & commenced business soon thereafter. Subsequently the name of Comp. was changed to `Hindustan Financial Services Limited' on 4th November, 1993.

The Comp. is a public limited Comp. listed at Delhi & Bombay Stock Exchanges.

The core business of Comp. is Leasing & Hire Purhase of commercial vehices, cars & plant & machinery.

The Comp. was promoted by professional & experienced Business Executives drawn from dvierse fields with the Chief Promoter being Mr. Darshan Singh Sachdev. He is the Managing Director of Company.

The Comp. is engaged in the field of financial services. Its present activities include leasing & hire purchase. The Comp. has also obtained dealership of Over the Counter Exchange of India [OTCEIs]. It is also registered with the Securities & Exchange Board of India [SEBIs] as a category-I Merchant Banker.

The Comp. doesn't have any subsidiary as on date.