Madan Financial Services Limited was incorporated on 10th October, 1990 as Madan Capital Markets Pvt limited & subsequently the name was changed to Madan Financial Services Pvt. limited & a fresh certificate of incorporation subsequent to change of name was obtained on 11th April, 1991. The name of Comp. was changed to Madan Financial Services limited & a fresh certificate of incorporation subsequent to change of name was obtained on 31st March, 1995.
Madan Financial Services Limited was promoted by Shri. Madan Chand Darda, of Madan and Co.[Now Madan and Co. Limiteds] member of Madras Stock Exchange Limited & his associates. Shri Madan Chand Darda is amongst the prominent primary market intermediaries in the country. Madan and Co. Ltd is ranked 8th amongst Stock Brokers on All India PIP [Prime Index of Performances] Basis for period April 1994 to December 1994. Source: Prime data base.
2002
-Madan Financial Services Ltd has informed BSE that Mr V K Padmanabhan has ceased to be a Director of Comp. on Acc. of his demise on March 15, 2002.
-Madan Financial Services Ltd has informed that Mr Deoraj Darda, Director of Comp. had resigned from the Board & Mr Sunil M Darda had been reappointed as Managing Director with effect from June 01, 2002 without remuneration.