Munoth Investments Ltd. (MIL) was incorporated at Madras on 27th
April, 1984 and obtained the Certificate of Commencement of Business
on 20th June, 1984.
The Company has been carrying out business in the field of leasing
and film financing since incorporation. In Nov. 1992, the Company
made a Public Issue of 18,00,000 Equity Shares of Rs. 10/- each for
cash at par aggregating Rs. 180 lacs, mainly for the purpose of
augmenting its long term resources for working capital, and enhancing
power, besides getting the Company's shares listed on the Stock
The Company, which is a Non-Banking Finance Company, has gradually
expanded its operations in traditional areas such as lease financing
besides branching out into Merchant Banking, Bill Discounting,
Syndication of Inter-Corporate Deposits (ICDs), etc. The Company is
a SEBI registered Category I Merchant Banker.
During the period January to December 1994, the Company acted as
Co-Managers / Advisors to 9 Issues. Underwriting support to the
extent of Rs. 178 lacs was extended to 43 Issues.
The Company has, during the last three years, extended to various
clients, lease finance to the extent of Rs. 23.59 lacs, Rs. 61.61
lacs and Rs. 501.38 lacs respectively. The major clients to whom MIL
has extended fund-based facilities include Shriram Transport Finance
Ltd., Deve Sugars Ltd., Anubhav Foundations Ltd., Asian Securities
In May 1993, MIL launched a novel concept called the 'Fund Finders
Corporate Give n Take Club'. The main objective of the club is to
syndicate Inter-Corporate Deposits and other short-term sources of
finance for corporate clients by providing a common meeting ground
between lenders with surplus funds and borrowers with fund
requirements. Initially started in Madras, the Club', which functions
as a separate division of MIL, has 9 franchise centres located all
over the country. Some of the major clients of the 'Club' include
Sakthi Sugars Ltd., Videocon Ltd., MAC Industries Ltd., SRF Finance
Ltd., First Leasing Company of India Ltd., ITC Bhadrachalam Finance
Software Ltd., Sri Kannapiran Mills Ltd., Premier Instruments &
Controls Ltd., etc. Till date, the Club had syndicated funds to the
tune of Rs. 125 crores.
MAIN OBJECTS OF THE COMPANY
The main objects of the Company as detailed in its Memorandum of
Association are as follows:
1. To lend and advance money to entrepreneurs, promoters and
Industrial concerns, film producers, film distributors, cinema
exhibitors and to carry out hire purchasing, leasing or other
financing activities for industrial, commercial, agricultural
enterprises or individuals.
2. To carry on and undertake business as financiers and capitalists,
to finance operations such as managing, purchasing, improving,
selling, letting on hire, leasing out on rent and dealing in all
kinds of movable or immovable property, goods, machinery, chattels,
motor buses, motor lorries, motor launches, ships, lands, buildings,
bullions, gold and silver ornaments including precious stones,
jewellery, stocks, shares, bonds and government bonds, domestic
appliances and electrical, electronic and domestic goods.
3. To carry on and become engaged in financial monetary business
including leasing out properties and goods of any nature.
4. To invest in, hold, acquire, and deal in shares, stocks, units,
debentures, bonds, negotiable instruments, obligations and securities
issued of guaranteed by any company, situated or carrying on business
in India or elsewhere and debentures, bonds, debenture stock,
obligations and securities issued or guaranteed by any government or
authorities (supreme, national, local or municipal)
5. To acquire by purchase, lease, exchange or otherwise develop and
turn to account any land, building, warehouses, shops, factories,
commercial complex and/or any Interest therein and to carry out
buainess of repairing, maintaining, constructing, re-constructing,
re-modelling, renovating, furnishing, altering and decorating
offices, factories, residential houses, flats, warehouses, shops,
commercial complex, buildings, works and of consolidating,
constructing or sub-dividing properties and of leasing or disposing
of the same.
6. To carry on and undertake the business of Portfolio Investments
and management, for both individuals as well as large Corporate
Bodies and/or such other bodies as approved by the Government, in
Equity Shares, Preference Shares, Stock, Debentures (both convertible
and non-convertible), Company Deposits, bonds, units, loans
securities issued or guaranteed by Indian or Foreign Governments,
States, Dominions, Sovereigns, Munici alitlee or Public Authorities
and/or any other financial institutions and to provide a package of
investments and Merchant Banking services by acting as manager to
issues of Securities, to act as underwriters, issue house and to
carry on the business Registrars to Public Issues/various investments
schemes and to act as Share Transfer Agents and as brokers to Public
7. To carry on the business of an investment trust company and to
invest in and/or promote and /or to establish in its own name or as a
holding Company, or by entering into partnership with others, finance
Companies and Brokerage Houses.
8. To engage in acquisitions, amalgamations, venture capital and in
all related merchant banking activities including loan syndication.
The Company has no subsidiaries as on date. However, the Company
proposes to invest Rs. 125 lacs from the proceeds of the Present
Issue in the Equity Capital of Munoth Expoknit Ltd (MEL), the details
of which have been given elsewhere. Consequently MEL will become a
Subsidiary of the Company.
-Munoth Investments enters into an agreement with DBTel Incorporated,
-The Company designated the email i.d. exclusively for grievance
redressal division / compliance officer.