: 91-44-2857 2600 : investor@iccaps.com CIN No : L65191TN1985PLC012362 ISIN No : INE429D01017
: 91-44-2857 2600 : investor@iccaps.com CIN No : L65191TN1985PLC012362 ISIN No : INE429D01017
India Cements Capital & Finance Ltd. was originally incorporated on 8th November 1985 as a Public Ltd. Company under the name of Aruna Finance Ltd. and obtained Certificate of Commencement of business on 14.03.1986. Its name was changed to Aruna Sugar Finance Ltd. (ASFL) with effect from 25th June 1990.
ASFL was a subsidiary of Aruna Sugars & Enterprises Ltd. (ASEL), the Promoters of the Company. It ceased to be the subsidiary by virtue of amendment to its Articles of Association by deleting Article 25 A by a special resolution at the Annual General Meeting on 06.09.1993. ASFL came out with a public issue at a premium and the shares were listed on Madras, Bombay and Ahmedabad stock exchanges. In 1994, ASFL came out with a Rights Issue with detachable tradeable warrants to the existing shareholders of the Company
The Company was registered with Reserve Bank of India as Non- banking Financial Company (NBFC) since 1986 and has been categorised as Hire Purchase Company. The Company has started Full Fledged Money Changing activity since1996 and has obtained AD Category II from January, 2012 onwards
On 07.02.1997 the controlling stake held by erstwhile promoters ASEL was acquired by ICL Financial Services Ltd. and ICL Securities Ltd. (acquirers) the wholly owned subsidiaries of The India Cements Ltd. Consequently, the name was changed to India Cements Capital & Finance Ltd. and a fresh certificate of incorporation consequent to change of name was obtained on 02.05.1997
A reconstitution of the Board of Directors of ICCFL was carried out on the completion of the formalities with respect to the acquisition of Equity shares / Warrants by the acquirers
The Company had quit hire purchase and leasing business & hived off of its bank liabilities and related charged assets to a special purpose vehicle Company and has been focussing on fee based activities since 2006. Consequently the Company has registered with Reserve Bank of India as Non-Deposit Taking NBFC Company. Subsequently the name of the Company has been changed to “India Cements Capital Limited” with effect from 29.11.2006
India Cements Capital Limited (ICCL) is one of the associate companies of chennai-based business house of The India Cements Limited. Mr.N.R. Krishnan is the Chairman of the Company. Mr.N.R. Krishnan is a Retired Indian Administrative Services Officer. He has rich & varied experience in administration and general management. He held several high positions in State and Central Governments. Served as non-executive director on the boards of several large Public Sector Undertakings, Financial Institutions. He is also director on the board of The India Cements Limited. ICCL is professionally managed under the stewardship of Mr.K. Suresh, qualified CA & CS with many years of experience in the Non-Banking Finance industry. He has worked with United India Insurance & Associated with this company earlier as CFO. Mr.K. Suresh is the Chief Executive Officer [CEO] and Chief Finance Officer (CFO) of the Company
For X Change is the brand name under which the company extends money changing services as an RBI approved AUTHORISED DEALER CATEGORY-II.
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The company also extends advisory services on the forex market to exporters and importers , under the brand name of Midas Advisory
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ICCL has a subsidiary company by name India Cements Investment Services Ltd. We are the member of the NSE and is engaged in share broking activities
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Coromandel Travels is the division engaged in extending comprehensive travel related services like ticketing, hotel bookings, visa processing,etc
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