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History of Lakshmi Trade Credits Ltd.

LAKSHMI TRADE CREDITS LIMITED, engaged in Hire Purchase Finance & Leasing has of fourteen years of standing & was incorporated in 1977. The Comp. was promoted by Mr. Saranyan an experienced Banker with over 45 years of experienced Banker in the business. The Comp. has a proven track record in mobilising public deposits, extending hire purchase finance against Commercial Vehicles, cars, scooters & also to a limited extent extends leasing finance.

Apart from its Head office & five branches in Madras City, it has branches at Tiruchirapalli, Madurai & Coimbatore.

The Comp. is managed by a broad based Board of Directors drawn from different fields, Mr. P.G. Saranyan, who has over 45 years of experience in Banking & Finance & retired as Chairman from Karur Vysya Bank Limited, heads the Management team as Chairman.

Mr. S.Premchand, with over fifteen years of experience in Managing Finance Comp. is the Managing Director of Company.

The Comp. is primarily engaged in the busines of providing hire purchase finance & lease finance for plant & machinery, office equipment & vehicles to industrial undertakings, & other forms of Business organisations & other financial services like term funding requirements of its clients.

The Comp. has its Registered Office & Administrative Office in Madras.