chap 10 nbfc [cp]

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Study on Non Banking Financial Companies in India

1

NBFCINDUSTRY

InvestmentCompany

Lease andHire

PurchaseCompany

InsuranceCompany

StockBroking

Company

MutualFund

company

MicroFinance

Company

HousingFinance

Company

Chit FundCompany

FinancialService

Company

10. Company Information

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11.1Introduction and company profile

1.

Investment Company

1.1 Alliance Bernstein Investment Research and Management (India)

Private Limited

Objective

The investment objective of the Fund is to earn capital gains.

Investment Strategy

The Fund relies on stock selection driven by the firms proprietary fundamental research

We believe long-term, consistent earnings growth drives long-term investment returns

Bottom-up research seeks to identify the most attractive investment candidatesgreat

businesses that appear to offer the best long-term growth potential and are trading at

attractive prices

The differentiating factors in our approach are our quality bias, five-year perspective,

valuation overlay, in-depth research, and team approach

Primary Investments

Invests primarily in U.S. stocks

Invests primarily in large-capitalization companies

Normally holds approximately 20 stocks

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With their mission to use their research for gaining the best knowledge among all the global

investment management companies, this foreign investment company provides a range of

investment services across the different classes of assets.

They offer a comprehensive range of investment services across regions and along the risk-and-

return spectrum: style-pure growth equities and value equities; style blend equities; fixed

income; index and structured services; alternative investments; and both customized and

packaged multi asset-class solutions.

This wide array of services allows them to meet client needs regardless of home country, base

currency or tax position. For large, separately managed accounts, many services can be

customized to include or exclude countries or sectors, and can be further tailored to meet clients'

benchmark sensitivity or asset-liability matching requirements.

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Assets Under Management (USD Billions)

In October 2000, Alliance Capital acquired Sanford C. Bernstein. Alliance Capital's expertise

in growth equity and corporate fixed-income investing, and its family of retail mutual funds,

complemented Bernstein's expertise in value equity and tax-exempt fixed-income

management, and its private-client business. This combination became a recipe for success

with few precedents in the industry.

1.2

Product Center of Alliance Bernstein Investment Company

Equities

Value

Bernstein Value Equities seeks to deliver premium returns by buying stocks priced below

their long-term earnings power, as forecast by our in-house analysts.

Growth
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Alliance Growth services rely on internal bottom-up research to identify companies with

qualities most typically associated with consistently surprising consensus on the upside

such as a competitive advantage, a growing market and great managementat stock

prices that seemingly understate their potential.

Blend Strategies

Alliance Bernstein Blend Strategies seek to deliver investment solutions to client

problems through the effective combination of portfolios.

Fixed Income

Alliance Bernstein Fixed Income provides comprehensive global, regional, multisector andsingle-sector services that aim to deliver the highest returns for a targeted level of risk, as

well as tailored investment solutions to help our clients meet their specific objectives.

Index / Enhanced

Index funds seek performance that is in line with a standard benchmark.

Alternative Investments

Alliance Bernstein Alternative Investments offers single-alpha and multi-alpha strategies that

provide our clients with a wide range of potential investment solutions.

Multi-Asset Solutions & Strategies

Alliance Bernstein Defined Contribution Investments delivers world-class investment

management, flexible plan design, cost-efficient solutions and easy implementation to help

DC plan sponsors achieve better outcomes for their participants.
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1.3 Growth of the Alliance Bernstein InvestmentCompany

Alliance Bernsteins equity funds trailed 67 percent of peers in the three years ended Feb. 28,

data from Denver-based Lipper show, a period that includes most of 2008, when the MSCI AC

World Index fell 42 percent. For the past year, the funds beat 51 percent of rivals.

Alliance Bernstein Global Value had 29 percent of its assets in the group, including Fannie Mae,

American International Group Inc. and Citigroup Inc., on May 31, 2008, regulatory filings show.

The fund lost 52 percent that year, more than 91 percent of peers, according to data compiled by

Bloomberg.

Personnel Turnover

Departing last year were Lisa Shalett, head of growth equities, and brothers James and Michael

Reilly, who managed large-cap growth stocks. Chief Financial Officer John Howard left in

February after less than a year on the job.

Alliance Bernstein LP is majority-owned by French insurer Axa SA. (AXA) The firm earned

$427.1 million in 2010, a decline of 26 percent from the previous year. Revenue climbed 1.4

percent to $2.95 billion.

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1http://www.bloomberg.com/news/2011-04-04/alliancebernstein-s-52-million-ceo-kraus-fails-to-

stop-fund-redemptions.html

https://www.alliancebernstein.com/abcom/Our_Firm/About_Us/Investment_Services.htm

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2. Lease and Hire Purchase Company

2.1 Shriram Commercial Vehicle Finance

India's largest player in commercial vehicle finance, was established in the year 1979.

The company has a network of 620 branches and 515 rural centers. We are one of the

largest asset financing NBFCs in India with a niche presence in financing pre-owned

trucks an Small Truck Owners (STOs).

The inability of the economists to capture data relating to the economic activity of the

informal sector has resulted in its neglect at the policy-making levels in the government.

The distribution of Truck Ownership being scattered among a large number ofindividuals has resulted in this very important group being missed by the institutional

radar. It is estimated that 80% of trucks in the country are in the hands of individuals.

2.2 Main Products of Shriram Commercial Vehicle Finance

Heavy Duty Trucks

Being a life line of the economy, these vehicles are an integral part of the commercial

activity of any country and these vehicles are usually deployed in the long haul distance and

in transportation of materials at the ports as also in the extraction of natural resources like

Iron or Coal etc..
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Almost 100 percent of these vehicles are purchased only under financing and it is estimated

that nearly 1.5 to 2million HCVs are plying the Indian roads. Shriram Transport offers

financing options for the purchase of both new and used vehicles to this segment which has

some of the bigger fleet owners on one end of the spectrum and the small fleet / single

vehicle owner on the other.

Medium, Intermediate Light Duty Truck (LDT)

These vehicles have a gross vehicle weight ranging from 5 to 16.2 tones and are engaged in

medium haulage business especially connecting rural/ semi urban roads to urban centers. The

population of these vehicles is estimated to be around 5 million. Shriram Transport offers

tailor made financing solutions for the purchase of both used and new LCVs across the

country which has the highest component of stand operators within its segmentation.

Pickup Truck and Mini Truck (P&MT)

These vehicles have a GVW of less than 5 tons and they fulfill the role of transportation in

the spoke in a hub and spoke arrangement. These vehicles have high concentrations in short

hauls and last mile delivery situations. Nearly 3 million of these vehicles occupy the bottom

end of this industry of which about 0.3 to 0.5 million vehicles are three wheeler goods

carrying vehicles, the balance being four wheelers. Shriram Transport gives flexible loan

options to prospective buyers of these vehicles which incidentally has the highest

concentration of the small operator and driver cum owner category of vehicle users.

Passenger Vehicle

India being a country with a population of 1.4 billion coupled with a widespread

geographical area and an extensive road network, the volume of people moving from one

place to another is catered to by a wide range of passenger vehicles starting from simple three

wheelers, taxis, vans to high cost and state of the art Volvo / Mercedes buses travelling

across the length and breadth of the country. There are nearly 10 millions of passenger

vehicles that exist which make this as one of the highest potential vertical for financing and

the most insulated from economic downturns. In the car segment Shriram Transport had
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earlier restricted itself to finance on yellow board (Taxi) vehicles only, keeping in line with

its philosophy of lending against an earning asset but from 2010 personal car loans have also

been included in the product range, thus aligning ourselves to changing lifestyles of the

populace.

Farm Equipment

Being an agrarian economy, a substantial part of India lives in its villages and a major

portion of our population is engaged in agriculture. Shriram Transport has a granular

footprint of more than 300 rural / semi urban branches which are located in these centers to

cater to the requirement of finance from buyers of tractors, harvesters and various other farm

equipments which are deployed both for agricultural and commercial purposes. Hitherto a

domain of co operative and nationalized banks rural branches, this segment is 5millions lakh

strong and is ever growing thanks to mechanized methods of agriculture becoming a

necessity in the wake of rural labour in availability.

Construction Vehicle & Equipment

The recent impetus given by the Indian Government for infrastructure spending has

exponentially increased the potential for construction equipments which in turn prompted

STFC to have a separate subsidiary to fund the capital requirements of large and medium

contractors engaged in building of roads, bridges, dams and other infrastructure projects

called Shriram Equipment Finance Co Ltd., (SEFC) However at STFC we do continue to

fund the retail portion of this vast business with easy solutions for buyers of tippers,

dumpers, backhoe loaders and cranes and as also for the purchase of pre owned construction

equipment.
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2.3 Growth of the Shriram Commercial Vehicle Finance company

Shriram Equipment Finance Company (SEFC), a subsidiary of STFC, the company was planning

to look at lending to medical and industrial equipment.

The company which has received board's approval to raise Rs 3,000 crore through NCD in four

tranches, managed to raise around Rs 2,000 crore in three days this week.

Though from October, the growth will come back, clear visibility will be there only from

January 2015, he added. The company had three options - bank borrowing, raising money from

retail investors through NCDs and securitization

Shriram Transport Finance Corporation (STFC), one of the countrys largest asset finance

company with Rs 53,000 crore, expects 12-15 per cent growth in the second half of the current

financial year. STFC's subsidiary, which is into infrastructure equipment finance company, is

planning to finance medical and industrial equipment finance.

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2http://www.moneycontrol.com/stocks/marketinfo/totassets/bse/finance-leasing-hire-purchase.html

http://www.stfc.in/home.aspx

http://www.business-standard.com/article/companies/shriram-transport-fin-expects-12-growth-

in-h2-114070900965_1.html
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3. Insurance Company

3.1

Life Insurance Corporation of India Limited

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group

and investment company headquartered in Mumbai. It is the largest insurance company

in India with an estimated asset value of 1560482 crore (US$250 billion).As of 2013 it

had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh

that year.

The company was founded in 1956 when the Parliament of India passed the Life

Insurance of India Act that nationalized the private insurance industry in India. Over 245

insurance companies and provident societies were merged to create the state owned Life

Insurance Corporation.

3.2

Products of Life Insurance Corporation of India Limited

Endowment Plans

Money Back Plans

Children Policies

Policy for Handicapped

Whole Life Policies Unit Linked Policies

Term Assurance

Pension/Retired Plans and Health Plans
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3.3 Growth of Life Insurance Corporation of India Limited

Growth as a monopoly

From its creation, the Life Insurance Corporation of India, which commanded a monopoly of

soliciting and selling life insurance in India, created huge surpluses, and by 2006 was

contributing around 7% of India's GDP.

The Corporation, which started its business with around 300 offices, 5.7 million policies and a

corpus of INR 45.9 crores (US$ 92 million as per the 1959 exchange rate of roughly 5 for

US$1),had grown to 25,000 servicing around 350 million policies and a corpus of over 800000

crore (US$130 billion) by the end of the 20th century.

Today, the LIC has 8 zonal offices, around 109 divisional offices, 2,048 branches and 992

satellite offices and corporate offices; it also has 54 customer zones and 25 metro-area service

hubs located in different cities and towns of India. It also has a network of 1,337,064 individual

agents, 242 Corporate Agents, 79 Referral Agents, 98 Brokers and 42 Banks for soliciting life

insurance business from the public.

In August 2000, the Indian Government embarked on a program to liberalize the Insurance

Sector and opened it up for the private sector. Ironically, LIC emerged as a beneficiary from this

process with robust performance, albeit on a base substantially higher than the private sector.

In 2013 the First Year Premium compound annual growth rate (CAGR) was 24.53% while Total

Life Premium CAGR was 19.28% matching the growth of the life insurance industry and also

outperforming general economic growth.

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3http://en.wikipedia.org/wiki/Life_Insurance_Corporation_of_India#Products_and_services

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4. Stock Broking Company

4.1

Kotak Securities Limited

Kotak Securities Limited offers stock broking services and distributes financial products in

India. The company operates in two segments, Broking, and Trading and Principal

Investments. It offers secondary market broking services and assisted investing services, as

well as online trading services. Kotak Securities Limited also provides portfolio management

services; and depository participant and services. In addition, it is involved in the distribution

of various financial products, such as fixed deposits and bonds, mutual funds, global

exchange traded funds, initial public offerings, private and secondary placement of debt,

equity, insurance products, and currency derivatives. The company was founded in 1994 and

is based in Mumbai, India. Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank.

4.2 Products and Services of Kotak Securities Limited

Bank

Life Insurance

Mutual Fund

Car Finance

Securities

Institutional Equities

Investment Banking

Kotak Mahindra International

Kotak Private Equity

Kotak Realty Fund

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4.2Growth of Kotak Securities Limited

The Group has a net worth of over Rs. 12,900 crores and has a distribution network of

branches, franchisees, representative offices and satellite offices across cities and towns in

India. It has offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius,

& Singapore and is servicing around 10 million customer accounts.

Kotak Securities Limited reported unaudited earnings results for the second quarter and six

months ended September 30, 2014. For the quarter, the company's PAT was INR 660 million

compared to INR 400 million a year ago. Total income was INR 2,240 million compared to

INR 1,520 million a year ago. Profit before tax was INR 1,000 million compared to INR 600

million a year ago. For the six months the company's PAT was INR 1,340 million compared

to INR 710 million a year ago.

Kotak Securities announced consolidated earnings results for the fourth quarter and full year

ended March 31, 2014. For the quarter, on consolidated basis, the company reported, profit

after tax of INR 440 million compared to INR 130 million a year ago. Total income was INR

1,600 million compared to INR 1,630 million a year ago. Profit before tax was INR 550

million compared to INR 370 million a year ago. For the year, on consolidated basis, the

company reported profit after tax of INR 1,600 million compared to INR 1,140 million a year

ago. Total income was INR 6,720 million compared to INR 5,990 million a year ago. Profit

before tax was INR 2,340 million compared to INR 1,890 million a year ago.

4

4http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=12825509

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4.3

ICICI Bank

ICICI Bank is an Indian multinationalbankingand financial servicescompany

headquartered in Mumbai, Maharashtra. As of 2014 it is the second largest bank in India

in terms of assets and market capitalization. It offers a wide range of banking products

and financial services for corporate and retail customers through a variety of delivery

channels and specialized subsidiaries in the areas of investment, life, non-life

insurance, venture capitaland asset management. The Bank has a network of 3,820

branches and 11,162ATMsin India, and has a presence in 19 countries.

ICICI SECURITIES LIMITED is a public company registered on 09/03/1995. The

company has an authorized capital of Rs 2,50,00,00,000.00 and paid-up capital of Rs

1,61,07,07,000.00.

The status of company in the records of Registrar is active which means that it is actively

doing all its filing with the Registrar. Company has currently 8 director and falls under

the jurisdiction of Registrar of Company-Mumbai.

5.

Mutual Fund Company

5.1 Birla Sun Life Mutual Fund

Birla Sun Life Asset Management Company Ltd. (BSLAMC), the investment manager of

Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and the

Sun Life Financial Inc. of Canada. The joint venture brings together the Aditya Birla

Group's experience in the Indian market and Sun Life's global experience.

Established in 1994, Birla Sun Life Mutual fund has emerged as one of India's leading

flagships of Mutual Funds business managing assets of a large investor base. Our

solutions offer a range of investment options, including diversified and sector specific

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equity schemes, fund of fund schemes, hybrid and monthly income funds, a wide range

of debt and treasury products and offshore funds.

Birla Sun Life Asset Management Company has one of the largest team of research

analysts in the industry, dedicated to tracking down the best companies to invest in.

BSLAMC strives to provide transparent, ethical and research-based investments and

wealth management services.

5.2 Products and Services of Birla Sun Life Mutual Fund

Portfolio Management Services

Across the world, High Net-worth Individuals (HNI) are turning to specialist Portfolio

Management Services for managing their wealth.

Portfolio Management Service is the Portfolio Management division of Birla Sun Life

Asset Company Ltd that helps you manages your wealth. This is a personalized tailor

made service for High Net Worth individuals like you. We provide professional solutions

customized to meet your financial goals. Making investment easy yet rewarding for High

Net-worth Individuals.

Other Funds

5.3 Growth of Birla Sun Life Mutual Fund

Birla Sun Life Fixed Maturity Plan Series

Birla Sun Life Gold ETF

Birla Sun Life Long Term Advantage Fund - Series 1

Birla Sun Life Nifty ETF

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Description Values ( Cr.)

Total Assets Under Management (AUM) 10,65,954.42

Quarterly Average AUM of Birla Sun Life Mutual Fund

(As of 30 Sep 2014)1,02,690.15

Market Share in % 9.63

5

6. Microfinance Company

6.1

SKS Microfinance Secunderabad, Pvt. Ltd.

Mission

Our purpose is to eradicate poverty. We do that by providing financial services to the poor and by

using our channel to provide goods and services that the poor need.

5http://profit.ndtv.com/mutual-funds/birlasunlifemutualfund-amc-details_birlasl

http://www.moneycontrol.com/mutual-funds/top-rated-funds

http://mutualfund.birlasunlife.com/Pages/Individual/Our-Solutions/PMS.aspx
http://profit.ndtv.com/mutual-funds/birlasunlifemutualfund-amc-details_birlaslhttp://profit.ndtv.com/mutual-funds/birlasunlifemutualfund-amc-details_birlaslhttp://www.moneycontrol.com/mutual-funds/top-rated-fundshttp://www.moneycontrol.com/mutual-funds/top-rated-fundshttp://mutualfund.birlasunlife.com/Pages/Individual/Our-Solutions/PMS.aspxhttp://mutualfund.birlasunlife.com/Pages/Individual/Our-Solutions/PMS.aspxhttp://mutualfund.birlasunlife.com/Pages/Individual/Our-Solutions/PMS.aspxhttp://www.moneycontrol.com/mutual-funds/top-rated-fundshttp://profit.ndtv.com/mutual-funds/birlasunlifemutualfund-amc-details_birlasl

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Background and Main Challenges

Launched in 1998, SKS Microfinance is one of the fastest-growing microfinance

organizations in the world. SKS currently has US$698 million (Sept09) worth of outstanding

loans to 5.3 million (Sept09) women members in poor regions of India who maintain on -time repayment rates of 99%.

It has provided over US $ 2 billion in micro-loans since inception. Borrowers take loans for a

range of income-generating activities, including livestock, agriculture, trade (such as

vegetable vending), production (from basket weaving to pottery) and services (tailoring to

haircutting).

SKS also offers interest-free loans for emergencies as well as life insurance to its members.

Its non-profit SKS Foundation runs the Ultra Poor Program, which provides grants and social

services to those too destitute to handle loans. SKS is based in Hyderabad and currently has1,627 microfinance branches in 19 states across India (Sept09).

SKS charges an annual effective interest rate ranging from 26.7% to 31.4% for core loan

products i.e. Income generation and midterm loans, which constitute 98.4% of SKS's total

loan portfolio.

Main Funding Sources

Grants

Loans

Shareholder Capital

Products and Services

Loans

Products

Income generating loans

Mid Term Loans Loan Cover Insurance

Looking for (Investment Types)

Loans in Local Currency

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Guarantees

Equity investments

Loans in US$

% Operations Comprised by MF

91100

Gross Loan Portfolio USD, 2012

434.6 million

Number of active borrowers 2012

4.3 million

Average loan balance per borrower USD,

2012

100.9

Deposits USD, 2012

0.0

Assets USD, 2012

414.2 million

Number of depositors 2012

6

7. Housing Finance Company

7.1 Housing Development Finance Corporation Limited

This company is the leader in the sector of housing finance and the company hold as

much as 37% of market share. They have more than 25 lakh customers all over India and

the best service offered by them is the customized housing finance to meet the need of

every customer.

http://www.mixmarket.org/mfi/sks#ixzz3I7YgMmnk

http://www.mixmarket.org/mfi/sks#

6
http://www.mixmarket.org/mfi/sks#ixzz3I7YgMmnkhttp://www.mixmarket.org/mfi/sks#ixzz3I7YgMmnkhttp://www.mixmarket.org/mfi/skshttp://www.mixmarket.org/mfi/skshttp://www.mixmarket.org/mfi/skshttp://www.mixmarket.org/mfi/sks#ixzz3I7YgMmnk

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Housing Development Finance Corporation Limited is financing by way of loans for the

purchase or construction of residential houses, commercial real estate and certain other

purposes in India. The Company has a network of approximately 330 offices (which

includes 83 offices of its wholly owned distribution company HDFC Sales Private

Limited) catering to over 2,400 towns & cities spread across the country. It also has

offices in Dubai, London and Singapore and service associates in the Middle East region,

to provide housing loans and property advisory services to Non-Resident Indians (NRIs)

and Persons of Indian Origin (PIOs). Its product range includes loans for purchase and

construction of a residential unit, purchase of plot, home improvement loans, home

extension loans, non-residential premises loans for professionals and loan against

property, while its flexible repayment options include Step Up Repayment Facility

(SURF) and Flexible Loan Installment Plan (FLIP).

7.2Products and Services of Housing Development Finance Corporation

Limited

1. Mortgages

The company provides housing finance to individuals and corporate for

purchase/construction of residential houses. It is one of the largest providers of housing loans

in India. In its Annual Report for financial year 2012-13, the company has disclosed that it

has disbursed approx. INR 456,000 crores in 35 years of its existence for a total of 4.4

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million housing units. The average loan profile amounts to INR 2.18 million (US$ 35,160)

which lasts for about 13 years and covers approx. 65% of actual property value.

2.

Life Insurance

The company has been providing life insurance since the year 2000, through its subsidiary

HDFC Standard Life Insurance Company Limited. It offers 33 individual products and 8

group products. It uses HDFC group network to cross sell by offering customized products. It

operates out of 451 offices across India serving over 965 locations. It had a market share of

4.6% of life insurance business in India as on 30 September 2013. HDFC Life has over

15,000 employees.

3. General Insurance

The company offers general insurance products such as:

Motor, health, travel, home and personal accident in the retail segment which accounts for

47% of its total business and

Property, marine, aviation and liability insurance in the corporate segment

4. Mutual Funds

HDFC provides mutual fund services through its subsidiary HDFC Asset Management

Company Limited. The average Assets Under Management (AUM) of HDFC Mutual Fund

for the quarter Jul-13 to Sep-13 was INR 1.03 trillion.

7.3 Growth of Housing Development Finance Company

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Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap

company (having a market cap of Rs 176787.3 Cr.) operating in Finance sector.

Housing Development Finance Corporation Ltd. key Products/Revenue Segments include

Interest which contributed Rs 22694.95 Cr to Sales Value (94.00% of Total Sales), Income From

Sale Of Share & Securities which contributed Rs 586.36 Cr to Sales Value (2.42% of Total

Sales), Dividend which contributed Rs 555.59 Cr to Sales Value (2.30% of Total Sales), Fees &

Other Charges which contributed Rs 295.19 Cr to Sales Value (1.22% of Total Sales), Lease

Rentals which contributed Rs 10.92 Cr to Sales Value (0.04% of Total Sales), for the year ending

31-Mar-2014.

For the quarter ended 30-Sep-2014, the company has reported Standalone sales of Rs. 6635.44

Cr., up 2.93% from last quarter Sales of Rs. 6446.80 Cr. and up 11.60% from last year same

quarter Sales of Rs. 5945.94 Cr. Company has reported net profit after tax of Rs. 1357.56 Cr. in

latest quarter.

7

8.

Financial Services Companies

8.1Bajaj Capital Limited

One of the major financial services companies in India, Bajaj Capital offers

best investment advisory and financial planning services. The services are

7http://entrance-exam.net/top-housing-finance-companies-in-india/#ixzz3J9YLLVW4

http://en.wikipedia.org/wiki/Housing_Development_Finance_Corporation

http://economictimes.indiatimes.com/housing-development-finance-corporation-

ltd/stocks/companyid-13640.cms
http://entrance-exam.net/top-housing-finance-companies-in-india/#ixzz3J9YLLVW4http://entrance-exam.net/top-housing-finance-companies-in-india/#ixzz3J9YLLVW4http://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://economictimes.indiatimes.com/housing-development-finance-corporation-ltd/stocks/companyid-13640.cmshttp://economictimes.indiatimes.com/housing-development-finance-corporation-ltd/stocks/companyid-13640.cmshttp://economictimes.indiatimes.com/housing-development-finance-corporation-ltd/stocks/companyid-13640.cmshttp://economictimes.indiatimes.com/housing-development-finance-corporation-ltd/stocks/companyid-13640.cmshttp://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://entrance-exam.net/top-housing-finance-companies-in-india/#ixzz3J9YLLVW4

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meted out to the institutional investors, NRIs, corporate houses, individual

investors, high network clients as well.

8.2

Products and Services Bajaj Capital Limited

Bajaj Capital Limited, a financial services company, provides investment advisory andfinancial planning services to individual investors, corporate houses, institutional

investors, non-resident Indians, and high Networth clients in India. It offers investment,

insurance, tax saving, retirement, financial, cash flow, and childrens future planning

services. The company also distributes various financial and investment products, such as

mutual funds, life and general insurance, bonds, post office schemes, fixed deposits,

initial public offerings, and real estate property investments. In addition, it provides

investment banking services for private and public sector enterprises.

8.3

Growth of Bajaj Capital Limited

Share capital

During FY2014, the Company allotted 364,000 equity shares to the trustees of BFL

Employee Welfare Trust under Employee Stock Option Scheme, 2009. As on 31 March

2014, the paid-up share capital of the Company stood at Rs.501,423,340 consisting of

50,142,334 equity shares of face value of Rs.10 each fully paid-up..

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Foreign currency

Foreign currency expenditure amounting to Rs. 4.41 crore (FY2013 Rs. 2.77 crore) was

incurred during FY2014. The Company did not have any foreign exchange earnings.

Employee stock option scheme

Details required to be provided under Securities and Exchange Board of India (Employee

Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as

amended, are set out in the annexure to annual report.

Fixed deposits

During FY2014, the Company launched a new fixed deposit programmed at competitive

rates of interest and has received Rs. 210.71 crore as of 31March 2014.

8

8http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10545629

http://economictimes.indiatimes.com/bajaj-finance-ltd/directorsreport/companyid-11260.cms
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10545629http://economictimes.indiatimes.com/bajaj-finance-ltd/directorsreport/companyid-11260.cmshttp://economictimes.indiatimes.com/bajaj-finance-ltd/directorsreport/companyid-11260.cmshttp://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10545629

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9. Power Finance Corporation

Power Finance Corporation Ltd.is an Indianfinancial institution. Established in 1986, it is

the financial back bone of Indian Power Sector. Net worth of the company in the year 2007-

2008 was 8688 Crore Indian Rupees. Initially wholly owned by the Govt. of India, the

company issued an IPO in January, 2007. The issue was oversubscribed by over 76 times,

which is the largest for an IPO of any Indian Company in recent times. PFC is listed on

the Bombay Stock Exchange(BSE) and theNational Stock Exchange(NSE). The company

has been conferred with many prestigious awards, the latest of which is "KPMG-

Infrastructure Today Award 2008" for its contribution in development of power sector. It is

enjoying the status of Navratna Company in India.

9.1 Subsidiaries Companies
http://en.wikipedia.org/wiki/File:Power_Finance_Corporation_Logo.svg

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PFC presently has nine subsidiary companies. PFC Consulting Ltd. (PFCCL) is a wholly

owned subsidiary handling fee based services. The six other companies, namely Coastal

Karnataka Power Limited, Coastal Tamil Nadu Power Limited, Coastal Maharashtra

Power Limited, Orissa Integrated Power Limited, Jharkhand Integrated Power Limited

and Akaltara Power Limited, are SPVs (Shell Companies) created for implementing the

Ultra Mega Power Projects.

9.2 Growth of the Power Finance Corporation Ltd.

The total income achieved by your Company during the FY 2013-14 was Rs.21,537.46

crore registering growth of 24.69% over the total income of Rs.17,272.55 crore earned

during FY 2012-13. Operating income for the year increased from Rs.17,266.14 crore to

Rs. 21,522.42 crore registering a growth of 24.65%. Interest income including lease

income for the FY 2013-14 was at Rs. 20,978.71 crore against Rs.16,922.91 crore in FY

2012-13.

10.Chit Funds Company

10.1

Margadarsi Chit Fund Private Limited

Margadarsi enjoyed exponential growth over the years and today employs 4,300

employees, and has 8,000 agents, 105 Branches, over 3,88,000 subscribers and a turnover

of over Rs. 7600 crores. Margadarsi is not only No.1 Chit Fund Company, but also a

household name in Andhra Pradesh.

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Margadarsi has established strong experience during these 38 years since its inception

that enables the service to be rendered meticulously and it has become a household name

in the state of Andhra Pradesh. They have a subscriber base of 2,86,000 members who

repose their trust in this gigantic company. They have all been satisfied customers who

are mostly repeating members and many of them have continuously maintaining accounts

with the company since the past 30 to 35 years. This speaks of their satisfaction in the

service rendered by the company. Margadarsi has done 1720 crores of qualitative

business turnover which comprises members from different walks of life like Doctors,

Chartered Accounts, Advocates, Government employees and business people.

Margadarsi is highly conscious about the quality of membership by screening every

enrollment form that is received and only if the financial capacity seems to be

satisfactory, we approve the enrollment.

9

9https://www.margadarsi.com/FAQ.pdf
https://www.margadarsi.com/FAQ.pdfhttps://www.margadarsi.com/FAQ.pdfhttps://www.margadarsi.com/FAQ.pdf

chap 10 nbfc [cp]

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