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History of Nu-Tech Corporate Services Ltd.

The Comp. was incorporated on 21st February, 1989 & received its Certificate of Commencement of Business on 14th April, 1989 under the name of IIT Capital Services Limited & is since then a wholly owned subsidiary of Industrial Investment Trust Limited.

The Comp. has promoted by Industrial Investment Limited [IITs], one of oldest investment companies of repute in India, is engaged in the business of investment & financial services since the last sixty years. The history of promoters of IIT goes all the way back to the year 1856 with the foundation of Premchand Roychand one of founders of Bombay Stock Exchange & was a leader in cotton & bullion markets & among the prominent personalities associated with the financial markets of his time. By the 1920's, the firm of Premchand Roychand & Sons was established as a leader in the field of financial services. It was on this remarkable foundation that his sons Sir. Kikabhai [who was knighted by British Government for his contribution to the financial services sector in Indias] & Maneklal Premchand promoted IIT-a closed & Investment Trust in 1933.

From its beginnings in 1933, IIT has developed into professional financial services organisation with an employee strength of more than 150-spread over offices at Bombay, Delhi, Calcutta, Ahmedabad & Madras. IIT has also received registration from SEBI as Category i Merchant Bankers. IIT through its subsidiaries offers a whole range of financial services. The other subsidiary companies are IIT Corporate Services Limited & IIT Invest Trust Limiteds].

At present, the Comp. is engaged in leasing & hire purchase of plant & machinery, office equipment, computer & vehicles, financing of consumer durables, bill discounting & corporate finance.