CLIO INFOTECH Share price

The Company was incorporated on 26th June 1992 by Mr. Mahendra V. Raval along with his family members and obtained certificate of commencement of business dated 30th July 1992. After the incorporation majority of the shareholding went to Mr. Suresh Bafna and his family members. Subsequently Mr. Mahendra V. Raval and his family members resigned from the directorships and Mrs. Manju Bafna Prithviraj B. Bafna and Mr. Suresh Bafna were inducted on the Board. Thus the management of the company was transferred to Mr. Suresh B. Bafna and his family members.The Company is currently engaged in the business of Leasing Hire Purchase Investment Banking money market operations Corporate advisory services etc.2. MAIN OBJECTSThe main objects of the Company as set out in the Memorandum and Articles of Association are:To finance lend money to or give advances directly or indirectly to any person firm organisation industrial enterprise association trade company body society whether corporate or not for any consideration or otherwise against any security or not in all forms any where in the world and whether that person firm company organisation industrial enterprise association trade body society be or proposing to be engaged in any trade business agriculture or any other activity.SUBSIDIARYThe Company does not have any subsidiary company.PRESENT OPERATIONSThe Company is currently engaged in providing corporate consultancy covering company formation capital restructuring tax planning mergers & acquisitions etc. project consultancy covering preparation of project report assisting the clients in getting the project appraised loan syndication and other activities related to public issues.Apart from the above mentioned activities the Company is engaged in leasing bill discounting intercorporate deposits placement of securities and financing against securities.