The Company was incorporated on 16th May, 1991 under the name and
style of Vantage Financial Consultancy Services Pvt. Ltd. with the
Registrar of Companies, Maharashtra at Bombay. The Company's name was
changed to Vantage Financial Services Ltd. and converted into public
company with effect from 30th October, 1992 to reflect the company as
a full fledged financial services company.
Background of the Industry
The Company is engaged and operating in the financial services and
finance-related activities - an emerging Industry.
Strengths & Weakness
The Company is already in the line of financial services and is a
Category IV Merchant Banker registered with SEBI. An the same is
awaited. Underwriting is another area which has immense income
generating potential. Sensing this, the Company has already applied
to SEBI for Registration as Underwriters and the registration is
The Company would face competition from established firms and
institutions with large resource base. Moreover, limited funds
availability would be a constraint in expanding infrastructure which
again could affect the growth of the organisation. However, the
company presently proposes to utilise its limited sources to cater to
needs of its existing clientele and develop the business over a
period of time by prudential re-investment plan.
MAIN OBJECTS OF THE COMPANY
Main objects of the company as set out in the Memorandum of
Association are as under :
1. To carry on the business of financiers and to undertake, carry on
and execute all kinds of financial and business operations (except
Banking and Insurance business under The Banking Regulation Act,
1949, and Insurance Act, 1938) as carried on by financing houses,
corporation, bankers and general financiers.
2. To carry on the business of Merchant Banking in all its aspects,
to act as Managers to Issue and Offers, whether by way of Public
Offer or otherwise, of shares, stocks, debentures, bonds, units and
deposits and to manage portfolio investments and to act as issue
to Issue and Transfer Agents.
3. To set up, provide and/or participate in providing venture
capital, technology funds or any other funds for seed capital, risk
capital foundation, including giving guarantees or such other
financial assistance as may be conductive for development of new
enterprises, innovative methods of production and development of
existing and new
technology to identify projects, project ideas, to prepare project
profiles, project reports, market research, feasibility studies and
reports, pre-investment studies and investigation of industries on
micro and macro level.
4. To carry on and undertake the business of equipment leasing, to
give on lease or leave and licence basis, or in any other manner and
carry on all other operations incidental thereto of all types of
equipments, property and assets including all kinds of goods,
articles or things
including vehicles, ships, travellers, vessels, aircrafts,
aeroplanes, fly machines, office equipments, computers, satellites
and any other capital equipment, and whether movable or immovable.
PRESENT BUSINESS OF THE COMPANY
The Company is non-banking financial company and is governed by
Non-Banking Financial Companies (Reserve Bank) Directors, 1977 issued
by the Reserve Bank of India. The Company is presently engaged in the
business of Merchant Banking and is registered with SEBI as a
Category - IV Merchant Banker. The Company has applied for
Category - I Merchant Banker with SEBI and their registration is
The Company was engaged in the Business of Registrars and Share
Transfer Agents before the enactment of SEBI Act. However, pending
registration of the company as Category I Registrars and Transfer
Agents with SEBI, the company has discontinued this activity.
The Company has applied to the Securities & Exchange Board of India
(SEBI) for registration as Category I Registrar and Transfer Agent
under the Securities & Exchange Board of India (Registrars to an
Issue and Share Transfer Agents) Regulations, 1993 vide application
dated 27th August, 1992 as revised by Application dated 12th August,
Performance of Merchant Banking Division
The company has been accredited with the status of Category IV
Merchant Banker by Securities & Exchange Board of India with effect
from 16th March, 1993 under SEBI Act, 1992 in the capacity of
Category IV Merchant Banker, the company is authorised to act as
Advisors and Consultants to Issue.
The Company has acted as Advisors to four Public & Rights Issues so
1. Jhunjunu Investments Limited.
2. Suryamukhi Trading & Finance Limited.
3. Prism Mills Limited.
4. Niyati Leasing Limited.
The Company has been operating from Bombay and as a part of expansion
programme, the company has also set up offices in Nasik & Aurangabad
and has plans to set up offices in all the important cities of
Maharashtra. The Company is in the process of recruiting more
professionals to look after the expanding business activities.
The company does not have any subsidiary.
Vantage Share Registry Limited
- Vantage Corporate Services Ltd has informed that Mr. Kirtan Shah
has been appointed as director of the Company with effect from April
-The company have signed an agreement with two of Mumbai's most
prestigious colleges K.P.B. Hinduja College of Commerce and S. K.
Somaiya College of Arts, Science & Commerce.