Company History - Geefcee Finance
The Company was incorporated as Private Limited Company on 17th May,
1990. The Company was converted into deemed Public Limited Company
on 31.03.1992 under Section 43A (1A) and became a full fledged Public
Limited Company vide special Resolution passed at the extra-ordinary
General Meeting of the Company held on October 8. 1994 whereby new
set of Articles were adopted wherein restrictions under
Section3(1)(iii) of the Companies Act, 1956 were deleted.
The company commenced operations since incorporation i.e. 17/5/90.
The Company was originally promoted by Mr. Ajay Goyal and Smt.
Vandana Goyal. Due to personal reasons and other occupations of the
directors at various times, a change in directorship was considered
The Main business of the Company at present is Leasing, Investment
and Corporate Advisory Services.
Leasing is the thrust area in which the Company has major stake. The
items leased out by the Company include Vehicles, Lorries, Motor
Cars, Machineries including power Presses, Boilers. Blast Furnaces
and consumer durables etc.
Share Market Operations are in the form of Secondary Market
Operations, Buying and Selling of Shares through Stock Exchange.
Corporate Advisory services are related to Loan Syndication,
Promoters funding, Project Financing, Project Appraisal and Term Loan
Sanctions with the Financial Institutions.
The company started the leasing and investment business since its
incorporation in 1990. It started with leasing of consumer durables
like black & white televisions, refrigerators, colour television
sets, stereo system, V.C.R.s and other electronic items. A year later
the company started leasing of vehicles. commercial and personal and
enter into machinery leasing to various clients. Investment consists
mainly of Share Market Operations in the form of Secondary Market
Operations,Buying and selling of Shares through Stock Exchange.
The company made its entry into Corporate Advisory Services in 1992.
this relates to loan syndication, promoters funding. project
financing, project appraisal and term loan sanctions with financial
institutions. The company is successfully doing the said business.
-Geefcee Finance has recommended final dividend of 15%.