Numero Uno Finance Limited was incorporated on 18th July, 1990 as a Private Limited Comp. in the name & style of Numero Uno Housing and Finance Private Limited & subsequently it was converted to a Limited Comp. on 21st May, 1992 with a subsequent change in its name to Numero Uno Finance limited on 22nd May, 1992. The Comp. was incorporated for purpose of providing services in leasing & hire purchase.
PRESENT BUSINESS
The Comp. is engaged in the business of leasing, hire purchase bills discounting & hiring projectors etc. As on 31-07-95, the Comp. has made disbursements in leasing Rs. 90.82 lakhs, hire purchase Rs. 4.15 lakhs & bills discounting Rs. 12.50 lakhs. The Comp. is able to recover its dues regularly & there is no major default in recovery of amounts disbursed.
The Comp. is having an Investment Committee which takes the investment decisions keeping in view the exposure to a single company, industry & other relevant factors. All investment decisions are backed by research, analysis and detailed information about the Comp. & industry.