VAKRANGEE Share price

The Company was incorporated with Registrar of CompaniesMaharashtra Bombay on 28th May 1990 as a private limitedcompany under the name and style of "VAKRANGEE INVESTMENTAND CONSULTANCY PRIVATE LIMITED". It was converted intoPublic Limited Company and the name of the Company waschanged to "VAKRANGEE INVESTMENT LIMITED" on 3rd April1992 and to "VAKRANGEE LIMITED" ON 31st March 1995.The Company came out with public issue of 1800000 Equityshares of Rs. 10/- each in February 1994.The Company was initially engaged in Consultancy in ShareTransfer and Bill Discount activities. The company wasgranted registration as MERCHANT BANKERS (Category IV) inMay 1993 and REGISTRAR AND TRANSFER AGENT (Category I) inNovember 1993. The Company got contract for preparation ofVoters Identity Card for Bombay 3 distt. in Gujarat and 8Distt. in Rajasthan and Company involved in developing ofSoftware and Advertisement and Marketing.PRESENT BUSINESS OF THE COMPANYThe present business of the Company is grouped as follows:-1) Fund Based Activities a) Preparation of Voters Identity Cards b) Merchant Exports c) Providing short term finance loans & advances d) Investment in and dealing with securities e) Leasing2) Non-Fund based Activities a) Merchant Banking Services * Issue Advisory Services * Issue placement and Marketing b) Consultancy Services * Project Evaluation * Capital Structuring/Restructuring * Investment Consultancy * Syndication of Term Loan Working Capital Leasing & Bill discounting Bought-Out deals c) Sub brokerage * Primary Market * Secondary Market d) Software * Software development e) Advertisement & Marketing * Advertisement AgencyThe Company commenced merchant banking activities in April93 as Corporate Advisor and provided all types ofconsultancy services. Subsequently in May 1993 it wasgranted Registration as MERCHANT BANKER (CATEGORY IV) andfurther in November 1993 it was granted Registration asREGISTRAR TO AN ISSUE & TRANSFER AGENTS (Category I). TheCompany has handled four issues as Advisors to an Issuesand has 9 mandates in hand. Similarly the Company hashandled 28 nos. of public/right issue as Registrar and has15 mandates in hand and in 20 issues it has continued tobe Transfer Agent. The Company''s client base includes:i) Amitabh Bachchan Corporation Limitedii) Akai Impex Limitediii) Alfavision Securities & Finance Ltd.iv) Chambal Breweries & Distilleries Limited.v) Harmony Capital Services Limitedvi) Beta Naphthol Limitedvii) Beta Securities Limitedviii) Bhageria Dye Chem Limitedix) Supreme Holdings Limitedx) Shikhar Consultants Limitedxi) Kosian Finance Limitedxii) Overseas Capital Limitedxiii) Kotawala Securities Limitedxiv) Beryl Drugs Limitedxv) Om Metals & Minerals Limitedxvi) GBK Exports Limitedxvii) Santosh Fine-Fab Limitedxviii) Akhil Holdings Ltd.Software division has been established with the object toprovide turn-key solutions to the customers by in houseteam. A patented state of art software solution has beendeveloped to prepare Identity cards which is fullyautomatic and unique. The Company was successful in gettingthe order for preparation of Voter Identity Cards in BombayGujarat and Rajasthan worth Rs. 1300 lacs approx Softwaredivision is now working on graphic based software indesigning diamond Jewellery textile and Thumb impressionBanking Software etc. Advertising Division was Setup tocater the needs of such client companies which were comingout with public issues so that most of their needs can besatisfied under one roof. The division is specialised infinancials Advertisement and product promotion activities.The Company is engaged in Merchant Exports. The Company hasalready exported fool products worth Rs. 250 lacs in 95-96.The main item of Merchant Export is Soyabean.Leasing Bill-discounting Investment business and othernon-fund based activities are at its full wing withqualified team of professionals in different areas.