The Company was incorporated on 29th March 1973 in the name ofH.L. Financial Consultants & Management Services Private Limited(FICOM) under the Companies Act 1956 in the State ofMaharashtra. The Company was a pioneer in Merchant Banking inthe Private sector in India under the leadership of the (late)Shri Pradip H. Dalal. FICOM played a significant role in thecapital market during the seventies and were instrumental inintroducing novel media like mass mailing instructiveadvertisement campaign educative investors conferences. Allthese innovations were made during seventies when the capitalmarket was in its infancy. The Company was also instrumental inmobilising funds from Non-Resident Indians and channelising itinto the Indian Corporate Sector. The Company had successfullyhandled Public Issues of well known Companies and by 1983 withits network of brokers & sub brokers played an important roleand mobilised substantial funds from the capital market. TheCompany also had a vast clientele comprises of large businessgroups. By 1990 FICOM mobilised Fixed Deposits for over 150companies and managed good number of Public/Rights Issues ofonly select business groups. FICOM had managed various financialinstruments - Equity Non-convertible Debentures FixedDeposits Inter Corporate Deposits Bill discountingUnderwriting & Brokerage etc. In the year 1979 the Companypromoted FICOM Organics Ltd. a Public Limited Company formanufacturing Agrochemicals Alkyl Phenols and other Chemicals.In 1984 Shri Rikeen P. Dalal was inducted to the management ofFICOM. He gained valuable experience of the Merchant Bankingactivities under the guidance of his father (Late) Shri PradipH. Dalal. He assumed complete charge of jhe management of FICOMin 1986. Under his leadership FICOM became a leading MerchantBanking company in Fixed deposit mobilisation Public Issuesother Merchant Banking & financial services activities grewsizeably. Since Mr. Rikeen P. Dalal assumed ManagingDirectorship of the fast expanding manufacturing company FICOMOrganics Ltd.in 1988 he chose to concentrate on manufacturingactivities. Therefore the Merchant Banking Division activitieswas transferred to Kotak Mahindra Finance Ltd. Accordingly from1st April 1991 H. L. Financial Consultants & ManagementServices Pvt. Ltd. ceased to carry on various activities ofMerchant Banking and Financial Services. The name of the companywas subsequently changed to FICOM INDUSTRIES PRIVATE LIMITED on20th April 1994. The Company was converted into a PublicLimited Company on 7th September 1994. Though the company wasnot active in pursuing its business activities from April 1991onwards the income shown in the financial highlights belowfrom 1991 to 1993 pertains to pending underwriting commissionand brokerage received for activities carried on prior to 31/03/91 fees / income received from financial advisory servicesinterest on loans dividend income etc.PRESENT BUSINESS OF THE COMPANYThe Company since January 1994 is engaged in trading ofvarious chemicals required by Petrochemicals Agrochemicals andother Chemical Industries. During the six months period ending30.6.94 the Company achieved a turnover of Rs.1728.30 lacs fromtrading activities earning a net profg of Rs. 6.62 lacs.The Flagship Company of the group FICOM Organics Limited hasbeen engaged in Chemical Manufacturing and Trading activitiessince last 15 years. It has developed an expertise in importingand exporting various chemicals required for the production ofPesticides Alkyl Phenols and other fine chemicals. It hasdeveloped a strong export base to countries like JapanAustralia U.S.A. Europe and Middle East. These expertise areavailable to FICOM Industries Limited to achieve the objectivein trading which is already fully operational. Most of thetrading business will be done by Executives based at its Bombayoffice and also at liaison office at Delhi. At present theCompany has no tieup arrangements from any suppliers /manufacturers for purchase of chemicals which they propose tosell.SUBSIDIARY COMPANIESCipla Investments Limited is a subsidiary of the Companyincorporated in 1991 and is engaged in the activities ofinvestments in securities of other corporate bodies.
Name | Position |
---|---|
Mr. Rikeen P Dalal | Chairman & Wholetime Director |
Mrs. Sejal Rikeen Dalal | Non-Exe. Non Independent Woman Director |
Mr. Prashant Chaturvedi | Ind. Non-Executive Director |
Mr. Roshan Jain | Ind. Non-Executive Director |
Mr. Sougata Sengupta | Ind. Non-Executive Director |