Utique Enterprises Ltd Company Summary

Unique Enterprises Limited was initially incorporated as Apple Finance Limited in October, 1985. Promoted by Atul Nishar, the Company was engaged into Computer Education and Financial Services. Effective February 4, 2020, the name of the Company was changed from Apple Finance Limited to Utique Enterprises Limited.

The Company is presently engaged in general trading of precious metal and trading in derivatives on recognized exchanges.The Company had a wholly-owned subsidiary, Apple Asset Management Limited (AAML). The said subsidiary was in the business of managing Schemes of Apple Mutual Fund, viz. Apple Midas Fund - The Gold Share and Apple Platinum Share.

Effective December 27, 1999, both the Schemes of Apple Mutual Fund were taken over by Birla Mutual Fund and since then, the said subsidiary did not carry on any business. In 1996, the Company hived off its Computer Education Division to Aptech Limited through the Scheme of Reconstruction/ Arrangement sanctioned by the High Court of Judicature at Bombay, and was left with the NBFC business. Thereafter, it stopped the NBFC business in 1999 and ventured into Trading and Consultancy businesses.

As the business was unviable, the Company during the financial year 2003-04 surrendered its Certificate of Registration of Non-Banking Financial Institution to Reserve Bank of India. In line with the change in the Objects, Company has during the financial year 2018-19, had commenced new business in trading activity