Haryana Capfin Limited is part of Rs.
4,000 Crore D. P. Jindal Group. The Company is engaged in the business of
Finance/Investing activities. The Company is licensed as a Non Banking
Financing Company by Reserve Bank of India
Non banking financing Company
play a vital role in the context on Indian Economy. They are indispensable part
in the Indian financial system because they supplement the activities of Banks
in term of deposit mobilization and lending. They play a very important role by
providing finance to activities which are not served by the organized Banking
sector. The related NBFC activities have not been started by the Company in
full flow, the Company has invested in the shares of Maharashtra Seamless
Limited, flagship Company of the group..
Haryana Capfin
Ltd was incorporated in the name and style 'Haryana Engineering Pvt Ltd' on
September 9, 1998. The Company was converted into Haryana Engineering Limited
with effect from February 3, 2006. The name of the Company has been changed to
Haryana Capfin Limited with effect from August 09, 2006. In July 2006, as per
scheme of arrangement, Jindal Drilling and Industries Limited transferred its
entire business, pertaining to the Casinvest division to the company with
effect from April 1, 2005. The company's main activities are investment and
financing.
Its current book value is
over Rs.59.50 .Stock is currently trading around Rs.24.Recommending a "STRONG
BUY" at current market price of for long term investors.Stock traded
in BSE with scrip code 532855.
Disc : It is safe to assume that
I have vested interest in
"Haryana Capfin Limited".
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