Sulabh Engineers & Services Ltd Summary
Founded in April 1983, Sulabh Engineers and Services Limited has consistently worked towards its mission of delivering inclusive financial services to individuals and organizations representing diverse segments of society. As an RBI-licensed and BSE-listed Non-Banking Financial Company (NBFC), the Company has built business operations, by addressing the evolving financial needs of customers across India. Over the years, the Company has established itself as a trusted financial partner by offering customer-oriented solutions designed to support growth, stability, and long-term financial progress.The Company offers a diversified portfolio of financial products and services including loans for business expansion, working capital requirements, purchase of equipment and machinery, term loans against property, and loans for acquisition of commercial properties.
Over the years, the Company developed and maintained strong relationships with leading banks and financial institutions for effective management of asset collateral and securitization activities. The Business carried on by the Company was taken over by the New Management in pursuance with the SEBI (Substantial Acquisition of Shares And Takeover) Regulations 1997 in and proper intimation and disclosures have been made to all the concerned authorities i.e. stock Exchanges, RBI, Registrar of companies and Securities Exchange Board of India.
The Share Purchase Agreement in the matter of takeover process was entered into between the Acquirers and the old Promoters of the Company and Public Announcement and an Open Offer had been made by the Acquirer in pursuance with SEBI. The takeover process was completed by fulfilling all norms prescribed by the SEBI in 2010-11.Asset financing meet short-term and long-term financing needs of corporate houses. The Company maintain a strong balance sheet to strengthen relationships with corporate houses.
Acquisition funding is done in the form of bridge financing wherein the funding is sold down to other lenders. Apart from asset financing, the Company helps micro and small enterprises grow and capitalize on business opportunities in an expanding economy. Their Business Loans cater to a wide variety of business needs ranging from working capital for stocks and manufacturing to loans for capital expenses.
Balance transfer helps Company in transferring the existing loan from another financial institution or bank at attractive rates.