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IKF Technologies > Company History > Computers - Software Medium & Small > Company History of IKF Technologies - BSE: 532414, NSE: N.A

IKF Technologies

BSE: 532414|ISIN: INE052C01027|SECTOR: Computers - Software Medium & Small
Feb 04, 15:40
IKF Technologies is not listed on NSE
Company History - IKF Technologies
J K F Finance & Investments Limited was originally incorporated as
 Indra Keela Financiers Private Limited on 30.05.1991 and converted
 into a Public Limited Company on 27-07-1994 and thereafter the name
 was changed as I K F Finance & Investments Limited and accordingly
 the certificate of change of name was issued on 29.9.1994 by the
 Registrar of companies, Andhra Pradesh.
 The Company is engaged in the field of financial services. The core
 business of the Company is leasing and hire purchase of commercial
 vehicles, cars and plant and machinery. The Company has been earning
 profits since its commencement of business and it declared a dividend
 of 10% and 15% in 1992-93 and 1993-94 respectively. With a view to
 expand its activities in the area of Merchant Banking, Stock Broking
 and other allied activities, it has already applied for registration
 with SEBI to act as Merchant Banker.
 The Company has registered reasonable growth during the three years
 of its operation. The Company has deployed Rs.194.68 lakhs in hire
 purchase and leasing during the year ended 31st March, 1994 compared
 to Rs.145.78 lakhs during the year ended 31st March, 1993 showing a
 growth of
 33.54% the Company has earned gross receipts of Rs.26.34 lakhs
 resulting in net profit of Rs.7.81 lakhs for the year ended 31st
 March, 1994 as compared to gross receipt of 20.53 lakhs and net
 profit of Rs.3.18 lakhs respectively in the year ended 31st March,
 1993. It is to be noted that the company has earned gross receipts of
 Rs.  38.59 lakhs in the 11 months ending on 28th Feb.'95 leaving a net
 profit of Rs. 9.26 lacs.
 The main objects of the Company as set out in the Memorandum and
 Articles of Association of the Company inter alia include the
 1. To finance automobiles on hire purchase and leasing
 2. To carry on and undertake as its principal business, the business
 of providing finance, as financiers, lenders, creditors, merchants
 and investors and to finance advance, lend, invest credit, assist,
 make loans or deposit money on any goods, articles commodities,
 produce, assets, securities, vehicles, vessels, gold and properties
 of all
 and every kind either movable or immovable and either indigenous or
 foreign, against pledge, hypothecation, mortagage, assignment,
 transfer, lien or any other charge and to draw, make, accept, endorse
 discount buy, sell, negotiate, execute, guarantee, finance, lend on,
 against or deal in cheques bills of exchange, promissory notes, bills
 of lading, receipts, hundies, challans,delivery orders, warehouse -
 receipts, claims, warrants,coupons, bookdebts, receivables and other
 negotiable or transferable or mercantile instruments, documents,
 or securities to or with any Company, body corporate, firm, person,
 registered co-operative society, or association. However, the Company
 shall not carry on the business of banking as defined under the
 Banking Regulation Act,1949.
 3. To carry on and to undertake business as financiers and
 capitalists, to finance operations of all kinds such as managing,
 purchasing selling, hiring, letting on hire, giving on lease and
 dealing in all kinds of movable property and financing or hire
 purchase and leasing contracts relating to cars, lorries, buses, vans
 tractors, motorcycles, scooters, cycles, wagons, locomotives, earth
 moving equipments, ships, boats, barges, trawlers and vehicles of all
 other kinds and descriptions.
 -Company has changed its name from IKF Software.Com Ltd. to IKF
 Technologies Ltd.
 -Company has splits its Face value of Shares from Rs 10 to Re 1
 IKF Technologies signs agreement with Indian Oil Corporation Ltd -
 R&D Centre
 -IKF Technologies Ltd has appointed, Mr. Pankaj Garg has been
 appointed as the President of the Telecom Division of the Company.
 -Registered Office of the Company has been shifted to IKF
 Technologies Limited,2nd Floor, Plot No- J-1/12,Block-ER & GP,
 Sector-V, Salt Lake,Kolkata- 700091.
 - IKF Technologies Limited wins the Fourth Inc. India 500 Business
 Excellence Award
 - The Board has reviewed the Business Operations of the Company and
 taken on record the Agreement/LOI/MOU signed with Idea, Aircel, BSNL
 & VGEL.
 - Appointment of Mr. Umesh Govind Bhat as an Additional Director.
 - Mr. Kamal Kishor Poddar has been appointed as Chief Financial
 Officer of the Company.
 - The Board has taken on record the Agreement renewed with the Idea
 Cellular Limited.
Source : Dion Global Solutions Limited
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