Transwarranty Finance Ltd - TRANSWAR.FIN. Share Price

Summary

Transwarranty Finance Ltd was established as a financial services and investment banking company in the year 1994 by Mr. Kumar Nair. The Company derives its revenues from three major sources namely, Corporate Finance, Investment Banking & Advisory Services and Trade Finance.The Company is a Reserve Bank of India registered Non Banking Financial Services Company (NBFC) with active business in trade finance, corporate finance and investment banking activities.The company commenced its operations in August 1994 as Trans Warranty Finance Limited, as a Non Banking Finance Company providing a wide range of financial services to corporate, institutional and retail clients.During the initial phase the company had started fund based business of leasing and hire purchase for mid size companies and retail clients. Around 1995, when the economy slowed down considerably leaving in lurch most of the mid size companies, the company discontinued lending program to companies and focused entirely on retail loans to individual clients towards purchase of consumer goods, which helped them in improving their living conditions. This business proved to be excellent with a strong presence in Mumbai and its suburbs. The source of funds used to be from bank loans, fixed deposits and securitsation of our portfolio with foreign companies like Scotia Finance. Since our fee based business in the meanwhile was registering excellent growth, we decided to exit the fund based business about four years ago.... Read More