TRANSWARRANTY FIN. Share price

Our Company was incorporated on August 09 1994 as a public limited company under the Companies Act 1956 with Registration No. 11 - 80220 under the name of Trans Warranty Finance Limited and obtained certificate of commencement of business on August 30 1994 from the Registrar of Companies Maharsahtra. The name of our Company was changed to Transwarranty Finance Limited with effect from July 08 2005. Our Company was incorporated with the object of providing various financial services to corporate financial institutions and retail.Being a NBFC our Company got registered with the Reserve Bank of India (RBI) as a deposit accepting company on August 06 1998 bearing registration number 13.00971 and commenced our operations as a fund based financial services company along with fee based financial services. Our sources of funds were bank finance fixed deposit and securitization of receivables by foreign companies for the fund based business. Subsequently from the year 2002 -03 we exited fund based business on account of reducing interest spreads and increased focus on fee based advisory services and commenced offering a wide range of fee-based services.In the year 2005 our Company also ventured in the area of business process outsourcing by entering into agreement with Citi Financial Consumer Finance India Limited for retail banking products.In the year 2005 our company requested RBI to convert our Company from Category "'A" to Category "B" NBFC (i.e. from eligible for acceptance of public deposits to not eligible for acceptance of public deposits) since our Company had stopped fund based activities and acceptance of public deposits and on said requisition RBI hadissued new certificate bearing Registration no. B13.00971 to convert our company into category "B" NBFC w.e.f. May 12 2005. Subsequently to give effect to change of name of the Company from "Tans Warranty Finance Limited" to "Transwarranty Finance Limited" the RBI has issued fresh certificate of registration dated May 12 2006.In the year 2005-06 in order to become an integrated financial service provider our company acquired a minimum of 51% shareholding in Transwarranty Capital Pvt. Ltd Transwarranty Forex & Commodities Pvt. Ltd. and Transwarranty Credit Care Pvt. Ltd. and converted these into our subsidiaries.Major events in the history of our Company since inceptionYear Key Events Milestones and Achievements1994 Incorporation of Trans Warranty Finance Limited1994 Received Certificate of Commencement of Business from RoC Maharashtra Mumbai1998 Received NBFC Registration from Reserve Bank of India2005 Commenced BPO business by entering into an agreement with Citi Financial Consumer Finance India Limited for retail banking products.2005 Received certificate for changing category from "A" to "B" NBFC (i.e. converting from accepting Public Deposits to non accepting Public Deposits)2005 Changed the name our Company from Trans Warranty Finance Limited to Transwarranty Finance Limited2006 Acquired 54.90% stake in Transwarranty Capital Pvt. Ltd and converted it into our subsidiary company which is registered with - BSE Cochin Stock Exchange and OTCEI as stock broker for Cash Market Segment - NSE as a Stock Broker in both cash and futures and options segments. - SEBI for carrying out Merchant Banking Activities - AMFI for carrying activity of Mutual Fund Distribution2006 Acquired 51% stake in Transwarranty Forex & Commodities Pvt. Ltd and converted it into our subsidiary company which is registered with the Multi Commodity Exchange (MCX) and proposes to acquire membership of National Commodities & Derivatives Exchange (NCDEX)2006 Acquired minimum 51% stake in Transwarranty Credit Care Pvt. Ltd and converted it into our subsidiary company which proposes to launch private equity/venture fund.