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DCL Finance
BSE: 511041|ISIN: INE712C01018|SECTOR: Finance - Leasing & Hire Purchase
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Company History - DCL Finance
DCL Finance Limited
 The  DCL  Finance  Company was incorporated  on  8th  July  1983. 
 (Andhra  Pradesh).  The company is engaged in various  activities 
 in  the  financial services sector such as  Lease  finance,  Hire 
 purchase  finance,  Consumer  Credit  finance  and  has  recorded 
 significant growth over the last 3 years.
 
 DCL  Finance  Limited was promoted by the promoters  of  the  DCL 
 group of companies.
 
 From  a modes & figure of Rs. 130 lakhs for the year  ended  30th 
 June 1985 the company's turnover reached an all time high of  Rs. 
 1366 lakhs for the year ended 31st March 1992.  The growth of the 
 company  has been all through steady.  The company is  active  in 
 Vehicle Financing especially Cars in Andhra Pradesh.  During  the 
 last 3 years the company has financed purchase of as many as 2000 
 vehicles.
 
 The Company has drawn up active plans for achieving a substantial 
 growth in its operations.  For further consolidating its position 
 the  company  has  drawn up plans  for  diversifying  into  other 
 financial  services like Merchant Banking,  Portfolio  Management 
 services activities, etc.
 
 2000 - ICRA has downgraded the rating assigned to the fixed deposit
        programme of DCL Finance Ltd. from `MA-' to `MB' indicating
        inadequate safety.
 
Source : Dion Global Solutions Limited
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