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History of Onida Finance Ltd.

The Comp. is a part of profssionally managed ONIDA Group of Companies. The Comp. was incorporated as a Public Limited Comp. on May 10, 1990 & obtained the Certificate of Commencement of Business on May 15, 1990.

The Comp. has been accorded Category i Merchant Banker on 23rd January, 1992 by Securities and Exchange Board of India [SEBIs]. Since then the Comp. has been activeley engaged in Merchant Banking which includes management of Public/Rights Issue in different capacities of Lead Manager, Co-Manager & Advisor.

The Comp. is also engaged in the financing activities like Leasing & Hire Purchase, Consumer Finance, Inter Corporate Deposits, Bill Discounting & Investment in the Capital Markets.

The Comp. has been promoted by Mr.L.G.Mirchandani & his two sons Mr.Gulu L. Mirchandani & Mr.Sonu L. Mirchandani.

The Comp. is managed by Board of Directors comprising of Mr.Sonu L.Mirchandani [Industrialists], Mr.Gulu L. Mirchandani [Industrialists], Mr.Vijay J. Mansukhani [Industrialists], Mr.Jasjit Singh [Retired Civil Servents], Mr.S.N.Acharya [Retired Civil Servents], Mr.J.L.Garg [Chartered Accountants], Mr.Bhagwan Malani [Businessmans], Mr.Deepak Khosla [Industrialists] & Mr.R.Chandrasekaran [Retired Public Sector Finance Executives].

The Comp. has no Subsidiary Company.