Company History - Birla Century Finance
Birla Century Finance Limited (BCFL) is a Company belonging to
B.K.Birla group. Shri. B.K.Birla is the Chairman of the Company.
BCFL was incorporated on October 30, 1986 under the name and style of
Vidula Investments Private Limited. In 1991, the name of the Company
was changed to Birla Century Portfolio Management Limited. A fresh
certificate of incorporation (ROC), West Bengal at Calcutta. In
January, 1992 the controlling interest in the Company stood
transferred to Century Textiles and Industries Limited, Bharat
General & Textile Industries Limited and KICM Investment Limited
(both subsidiaries of Kesoram Industries Limited (JTL), with the
issue of fresh equity capital aggregating Rs.99.99 lakhs by BCFL
primarily to these companies. The then existing paid-up Capital of
the Company was Rs.200/- comprising of 20 Equity Shares of Rs.10
each. The name of the Company was again changed to Birla Century
Finance Limited. A fresh certificate of incorporation dated
September 25, 1992 has been obtained from ROC effecting the above
changes in the name.
The company is presently engaged mainly in the business of Bill
Discounting, Intercorporate Loan against Securities and Trading and
Investment in Securities.