a) Basis of Preparation of Financial Statements
 
 The Financial Statements have been prepared under the historical cost
 convention on accrual basis and in accordance with Generally Accepted
 Accounting Principles in India (Indian GAAP). The said Financial
 Statements comply with the relevant provisions of the Companies Act,
 1956 (the Act), the mandatory Accounting Standards notified by the
 Central Government of India under Companies (Accounting Standards)
 Rules, 2006, as amended from time to time and guidelines issued by the
 Reserve Bank of India for Non-Banking Financial (Non Deposit Accepting
 or Holding) Companies from time to time.
 
 b) Use of Estimates
 
 The preparation of financial statements in conformity with the
 generally accepted accounting principles requires the management to
 make estimates and assumptions that affect the reported amount of
 assets, liabilities, revenue and expenses and disclosure of contingent
 liabilities as of the date of the financial statements. The estimates
 and assumptions used in the accompanying financial statements are based
 upon the management''s evaluation of the relevant facts and
 circumstances as of the date of the financial statements. Actual
 results may differ from estimates and assumptions used in preparing
 these financial statements.
 
 c) Revenue Recognition.
 
 Profit / Loss on sale of investments - Realized gain or loss on
 investments which is the difference between the sale consideration and
 the carrying cost is recognized in the Statement of Profit and Loss on
 the date of recognition of sale.  In determining the realized gain or
 loss on sale of a security, the cost of such security is arrived on
 First in First out basis.
 
 The cost of investments acquired or purchased would include brokerage,
 stamp charges and any duties directly related to the acquisition of
 investment.
 
 Transactions for purchase or sale of investments shall be recognized as
 of the trade date and not as of the settlement date, so that the effect
 of all investments traded during the financial year are recorded and
 refected in the financial statements, for the year.
 
 Where investment transactions take place outside the stock market, for
 example, acquisitions through private placement or purchases or sales
 through private treaty, the transaction would be recorded, in the event
 of a purchase, as of the date on which the Company obtains an
 enforceable obligation to pay the price or, in the event of sale, when
 the Company obtains an enforceable right to collect the proceeds of
 sale or an enforceable obligation to deliver the instruments sold.
 
 Interest income from financing activities is recognized at the rates
 implicit in the contract. Unrealized Interest income relating to
 Non-performing assets is derecognized. Interest income is recognized on
 time proportion basis. Dividend income is recognized when the right to
 receive the same is established.
 
 Fee for services rendered is recognized at the specific rates as per
 the terms of contract. Advisory fee payable for advisory services is
 recognized at the specific rates and as per terms agreed.
 
 d) Fixed Assets
 
 Fixed Assets are stated at cost less depreciation. Cost includes all
 direct expenses relating to the acquisition and installation of fixed
 assets.
 
 e) Depreciation
 
 Depreciation is provided on Written Down Value Method at the rates and
 in the manner prescribed under Schedule XIV to the Companies Act, 1956.
 
 Assets individually costing Rs. 5,000/- or less are depreciated fully in
 the year of purchase.
 
 f) Foreign Currency Transactions
 
 Foreign currency transactions are recorded at the rate of exchange
 prevailing on the date of transaction. At the year-end, all monetary
 assets and liabilities denominated in foreign currency are restated at
 the year-end exchange rates. Exchange differences arising on actual
 payment / realisation and year end re-instatement referred to above are
 recognized in the Statement of Profit and Loss.
 
 g) Investments
 
 Investments maturing within twelve months from the date of investment
 and investments made with the specific intention to dispose of within
 twelve months from the date of investment are classified as current
 investments. Other investments are classified as long-term investments.
 
 Investments which are long term in nature are stated at cost and
 provision for diminution is made if the decline in value is other than
 temporary in nature. If the Balance Sheet of the unlisted investee
 company is not available for two years, shares in such companies shall
 be valued at one Rupee only which is in accordance with the prudential
 norms prescribed by the Reserve Bank of India for Non- Banking
 Financial (Non Deposit Accepting or Holding) Companies.
 
 Current investments are stated at lower of cost and fair value
 determined on the basis of each category of investments.  For this
 purpose, the investments shall be categorized as Equity, Preference,
 Debentures, etc. and considered scrip- wise and the cost and market
 value aggregated for all investments in each category. Unquoted
 investments in the units of mutual funds in the nature of current
 investments shall be valued at the net asset value declared by the
 mutual fund in respect of each particular scheme as at the Balance
 Sheet date.
 
 The reclassification of Investments from long term to Current
 investments would be effected with the approval of the Board of
 Directors.
 
 h) Retirement Benefits Defined Benefit Plan
 
 Gratuity liability determined on actuarial valuation performed in
 accordance with the projected unit credit method, as at the Balance
 Sheet date is provided for.
 
 Actuarial gains and losses arising from effects of changes in actuarial
 assumptions are immediately recognised in the Statement of Profit and
 Loss as income or expense.
 
 Defined Contribution Plan
 
 Fixed contributions to Provident Fund are recognized in the accounts on
 actual cost to the Company.
 
 Compensated Absences
 
 Liability for short term compensated absences is recognised as expense
 based on the estimated cost of eligible leave to the credit of the
 employees as at the Balance Sheet date on undiscounted basis. Liability
 for long term compensated absences is determined on the basis of
 actuarial valuation as on the Balance Sheet date.
 
 i) Deferred Compensation Cost
 
 In respect of stock options, granted pursuant to the Company''s
 Employee Stock Option Scheme 2011, the Company determines the
 compensated cost based on the intrinsic value method and the
 compensation cost is amortised on a straight line basis over the
 vesting period.
 
 j) Taxation
 
 Current tax is determined on the income for the year chargeable to tax
 in accordance with the provisions of Income tax Act, 1961.
 
 Deferred tax resulting from timing differences between taxable
 and accounting income is accounted for using the tax rates and tax laws
 that are enacted or substantially enacted as on the Balance Sheet date.
 The deferred tax asset is recognized and carried forward only to the
 extent that there is a virtual certainly that the asset will be
 realized in future. In other situations, deferred tax assets are
 recognised only to the extent that there is reasonable certainty that
 sufficient future taxable income will be available to realize these
 assets.
 
 k) Impairment of assets
 
 The carrying amounts of assets are reviewed at each Balance Sheet date
 if there is any indication of impairment based on internal/external
 factors. An impairment loss is recognized wherever the carrying amount
 of an asset exceeds its recoverable amount. The recoverable amount is
 the greater of the assets net selling price and value in use. An asset
 is treated as impaired when the carrying cost of asset exceeds its
 recoverable value. An impairment loss is charged to Statement of Profit
 and Loss in the year in which the asset is impaired and the impairment
 loss recognized in prior accounting periods is reversed if there has
 been a change in the estimate of recoverable amount. In assessing value
 in use, the estimated future cash flows are discounted to their present
 value at the weighted average cost of capital.
 
 l) Provisions
 
 A provision is recognized when an enterprise has a present obligation
 as a result of past event; it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made.  Provisions are not discounted to its
 present value and are determined based on best estimate required to
 settle the obligation at the Balance Sheet date. These are reviewed at
 each Balance Sheet date and adjusted to refect the current best
 estimates.