Did you know about a company that has no fixed assets, has made a less than Rs 50 lakhs in profit over the last 5 years and yet has a market-cap of around Rs 950 crore?
Ojas Asset Reconstruction has no fixed assets. It has made a less than Rs 50 lakhs in profit over the last 5 years and yet has a market-cap of around Rs 950 crore.
Originally incorporated on January 25, 1985 as Chetram Balkrishan, Ojas is in the business of securitisation under textile and finance divisions.
It was listed on Delhi Stock Exchange before getting listed on BSE on August 25, 2014.
On July 16, the board approved of splitting socks from face value of Rs10 per share to Rs 1 per share along with a change of compnay’s name to Toyam Industries. The company has been facing board issues with the resignation of Secretary and Auditor in last few months.
Watch video for more.