The Company was incorporated on 28th May 1980 as a Familybased Private Limited Company promoted bysri.S.V.Balasubramaniam and his brothers and was convertedinto a Public Limited Company on 25th November 1985 with aview to enlarging its scope of business as the promotersthen identified the vast potential for business in hirepurchase and equipment leasing. A fresh Certificate ofIncorporation was obtained consequent to change of name on3rd December 1985. The Company has at present 24 branchesthroughout the country (13 Branches in 1986) with officeslocated at the principal cities of the country viz.NewDelhi Bombay Madras & Bangalore.
| Name | Position |
|---|---|
| Mr. S V Alagappan | Chairman |
| Mr. S K Sundararaman | Managing Director |
| Dr. S V Kandasami | Director |
| Mrs. S Sujana Abirami | Director |
| Mr. S Marusamy | Director |