Prism Finance Ltd Company Summary

Incorporated on 28 April, 1994 as Prism Finance Limited was formerly known as Bharat Vijay Mills Limited. It was promoted by Arun P Patel, Rahul A Patel and Pranay A Patel to offer a wide spectrum of financial services which includes both fund based and non-fund based activities comprising leasing, hire purchase, bill discounting, inter corporate funds placement, investments, merchant banking activities including issue management and underwriting, loan syndication, tie-up of NRI investments, project identification, project report preparation and investment consultancy. The Company obtained the Certificate of Commencement of Business on 2nd May, 1994 from the Registrar of Companies, Gujarat.

The Company is a Non-Banking Financial Company registered with Reserve Bank of India.During the year March 1996, the Company came out with a Public Issue of 35,00,000 equity shares of Rs 10/- each for cash at par aggregating to Rs 350 lacs to augment the long term working capital requirements of the company for the purpose of leasing, hire purchase and investment activities.The year 2001 was the year of ups and downs in terms of Indian Economy as well as world economy. The Company was not able perform well during 2000-01, due to weak market conditions.