Bandhan Bank was incorporated on December 23, 2014 as a wholly-owned subsidiary of Bandhan Financial Holding. Bandhan Financial Holding is owned by Bandhan Financial Services. Bandhan Bank received the in-principle approval of the Reserve Bank of India for setting up universal bank in April 2014. Bandhan began operations on August 23, 2015 when Bandhan Financial Services (BFSL), its parent company, transferred its entire microfinance business to them. Bandhan Bank started with 501 branches, 50 ATMs and 2,022 door step services centres on day one. Presently, Bandhan Bank has 3,948 touch points pan India consisting of 986 bank branches, 3014 door step services centres and...
Central Depository Services (CDSL) was set up in 1999, is the leading depository in India in terms of incremental market share, garnering 63% share of incremental demat accounts in FY19. CDSL offers dematerialisation for equity and preference shares, MF units, debt instruments and G-Secs. It also offers corporates facilities to credit securities to BO demat accounts in order to effect corporate actions. CDSL also offer other online services such as e-voting, e-Locker, National Academy Depository, easi (Electronic Access to Security Information), easiest (Electronic Access to Security Information and Execution of Secured Transaction) drafting and preparation of wills for succession...
New Standard Engineering Company Ltd, now renamed as Nesco Limited, owns a 65acre land parcel near Mumbai's airport is exhibition centerbusiness& rentals of IT parks. Bombay Exhibition Centre (BEC) India's largest in the private sector & was started in 1991. Nesco also has a capital goods division based in Gujarat, where it owns 15 acres of land and has 3 units. In 1986, the company diversified into the realty business by developing and providing customized builtup space for multinational companies and leading corporate at Goregaon. Its business segments include Nesco IT Park, Bombay Exhibition Centre, Indabrator, and Investment and other income. Nesco has also started...
In a surprising and bold move the government has announced a reduction in the corporate tax rate from 34% to 25.17% effective FY20 thereby fulfilling its key agenda of implementing the Direct tax Code (DTC). This is a massive trigger for revving up growth and, more importantly, resurrecting the equity market sentiments which were largely beaten down. The immediate benefit of this reduced tax rate will be seen in increased cash flows to corporate India that will be either be channelized into debt reduction or incremental investments in increasing fresh capacities....
Federal Bank Limited (FBL) is a major private sector bank headquartered at Aluva, Kerala with 1,251 branches and 1,668 ATMs spread across 25 states, Delhi NCR and 4 union territories. The Bank was incorporated on April 23, 1931 as the Travancore Federal Bank Limited, Nedumpuram and Late K.P. Hormis, the visionary banker and founder took up the reigns in 1945 and built the bank a nationwide institution. The bank's business segments include Retail, Corporate, Business Banking, Commercial Banking and Agriculture. FBL is a pioneer among traditional banks in India in the area of using technology to leverage its...
L&T; Technology Services (LTTS) was established through a group restructuring exercise by the L&T; Group, wherein, integrated engineering services of L&T; and product engineering services business of L&T; Infotech were transferred to LTTS. As a result, LTTS has emerged as one of the leading global pure-play ER&D; services, providing services to manufacturing, technology and process engineering companies, LTTS has active presence in 10 verticals: consumer electronics, semiconductor, aerospace, medical devices, telecom, energy, construction & heavy machinery, automotive, transport, industrial Products. LTTS captures data from IoT...
Incorporated in 1985, SeQuent Scientific Ltd (SSL) undertakes its animal health business via Alivira Animal Health Limited, which is engaged in manufacturing veterinary APIs and formulations. Earlier SSL was engaged in the manufacturing human APIs, which has been demerged with effect from October, 2017. SSL is now involved in manufacturing Praziquantel a human and animal API and intermediates. SSLs subsidiary - SeQuent Research Limited - offers analytical services to the pharma industry. SSLs (consolidated) portfolio consists of about 23 commercial products in animal health API and over 500 products across 12...
DNL holds a strong market position in India in several of its chosen niches within the chemical industry. DNL's inhouse R&D; has recently helped add successful new products to its line-up and a strong export...
Orient Electric Limited (OEL) is part of the diversified Indian conglomerate CK Birla Group. OEL has today established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, Lighting, Home Appliances and Switchgears. OEL has a fully integrated manufacturing facility based in Kolkata, Faridabad, Noida and Guwahati. It is also the largest manufacturer and exporter of fans from India with a dominating presence in over 35 international markets. OEL is also the second largest manufacturer of LED bulbs in India and the first Indian lighting brand to have been awarded BEE star rating for LED bulbs. In the domestic market, OEL has a wellorganised distribution network driven by over 4000 dealers, 1,00,000 retail outlets & a...
OPIL, incorporated in 1936, belongs to a leading business conglomerate, the CK Birla Group. OPIL is an integrated paper manufacturer with capacities of 72,500 MTPA of pulp, 55,000 MTPA of P&W; paper, 50,000 MTPA of tissue paper and 55 MW of power in Amlai. It also has 36,000 MTPA capacity of Caustic Soda, contributing 18% to revenue. Vide a process of sequential demergers its...
Incorporated in 1961, OAL is one of the pioneers in terpene chemistry in India. It was the first company to set-up a Synthetic Camphor plant in India in 1964 with technology from Dupont, USA. OAL is the largest exporter of specialty aroma chemicals which finds application in a wide range of...
Varroc Engineering Ltd. is a global tier-1 auto components supplier engaged in the design, manufacture and supply of auto exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components used in passenger cars, commercial vehicles, 2-wheelers (2W), 3-wheelers (3W), and off-highway vehicles (OHV) OEMs. Varroc Lighting Systems division is the sixth-largest supplier globally and one of the top three independent exterior lighting suppliers. Varroc's business consists 1) Global Lighting Business involved in design, manufacture and supply of exterior lighting for passenger cars,with the products sold to OEMs globally; 2) India Business involved in design, manufacture and supply of a variety of...
Mahanagar Gas Ltd (MGL) is one of the India's leading Natural Gas Distribution Companies. MGL is engaged in supplying natural gas in Mumbai and is presently the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its adjoining areas and the Raigarh district in the state of Maharashtra. MGL is a joint venture between GAIL (India) Ltd and the BG Group, (U.K.) - both together held 65% (32.5% each) of equity (before the latest part stake sale by BG group). MGL plans to expand its gas distribution network in its current geographical areas (GA), i.e. Greater Mumbai (GA1) and surrounding regions (GA2) such as Mira-Bhayander, Thane (Urban) -Vashi-Belapur, Kharghar-Panvel-Taloja, Kalyan-Dombivali-Ambernath and Ulhasnagar....
RITES Limited is a wholly owned Government Company, a Miniratna enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach. Rites offers services in transport infrastructure consultancy and engineering services consisting of conducting techno-economic feasibility studies and preparation of detailed project reports, design engineering activities, procurement assistance, project management activities, quality assurance, inspection, training, construction supervision, materials system management, transaction...
Subros Ltd is a joint venture with 40% ownership by Suri family and 13% each by Denso Corporation (Denso) and Suzuki Motor Corporation (SMC). Subros, is an integrated manufacturer and market leader for auto air-conditioning units and manufactures thermal products such as compressors, condensers, heat exchangers and all connecting elements required to complete AC loop for automotive applications. Subros caters to the Pvs, Buses, Trucks, Refrigeration Transport, off roaders, Railways & AC Manufacturers. SL has 4 plants located at Noida, 2 at Mannesar, 1...
Cummins India Limited, 51% subsidiary of US based Cummins Inc limited, is India's leading manufacturer of diesel and natural gas engines. One of the eight legal entities of the Cummins Group in India, Cummins India Limited comprises of three business units - Engine, Power Systems, and Distribution. CIL is a market leader in the all key product categories in India with exports (including exporting to Cummins group of companies globally) being a major part of Cummins India limited revenues, CIL has its plants located at Kothrud, PDC at Phaltan, Power...
