Ascom Leasing & Investments Ltd - ASCOM LEASING & Share Price

Summary

Ascom Leasing & Investments Limited was incorporated on December 16, 1986. The Company received the certificate of Commencement of Business on January 07, 1987. Subsequently, the Company has shifted the Registered office from Hyderabad to Surat, vide certificate issued by the Registrar of Companies, Ahmedabad on November 23, 2015. The Company holds the certificate of registration dated December 17, 2015 bearing registration number B-01.00559 issued by the RBI, Ahmedabad Regional Office to carry on the activities of a non-deposit taking NBFC with the RBI under section 45 IA of the RBI Act, 1934. The Company started its business as NBFC in 2001 with the mission of providing services to economically active poor who are not adequately served by the financial institutions. The company is engaged in the business of finance, hire purchase, leasing and lending terms loans, mortgage financing. Its customers include first-time buyers of vehicles, self-employed and professional or non-professional individuals, small and medium entrepreneurs and customers with informal income and limited banking and credit history. As of June 30, 2019, the company has around 2000 plus active customers. The Company operations are concentrated in the State of Gujarat Only. Being the NBFC - Non-Deposit company, company is not entitled to take deposit from the general public and the company sources the funds from the promoter investments and Bank funding. At present, the company having NIL revenue from the... Read More