Established in 1994, Comfort Intech is presently engaged in capital market operations, investments, finance and software activities. The profit making company went for its Initial Public Offering (IPO) in September 1995 for Rs 250 lakh, which was oversubscribed by more then 29 times.
The company, whose shares are listed on Mumbai and Jaipur Stock Exchanges, is managed by professionals from different fields with abundant experience. It is a registered NBFC from Reserve Bank of India. It deals in shares and securities, granting of corporate and non-corporate loans, investments and some software operations.
The management of the company always had the plans to utilize the expertise for more profitable financial ventures.
The company's main business activities are located in western suburb of Malad, which is already one of the largest consumer market. In this locality, the company has excellent relationships with many reputed dealers of consumer durables who would help the company in reaching its target customers.
Services offered:
a) Corporate Banking –
- Syndication of rupee & foreign currency loans
- Trade finance & bill discounting against L/C
- Inter Corporate Loans
- Loans against listed shares
b) Financial Management -
- Project appraisal and prefeasibility/ feasibility study.
- Consultancy in financial restructuring/reengineering
- Private placement of equity, debt and hybrid instruments.
- Consultancy through mergers, reverse mergers & acquisitions.
c) Investment Advisory -
- Fixed & variable income products, advisory and distribution
- Mutual Funds advisory and distribution
d) Personalized Loans -
- Housing loans
- Car loans
- Personal loans
- Loan against property.
e) Market Research -
- Market Surveys
- Compilation of Research activities
- Portfolio analysis on behalf of clients
- Competitive analysis
Future plans:
Comfort Intech plans to enter into the lucrative segment of providing finance for consumer durables to needy individuals. The field is highly remunerative given that the ever diminishing interest rates do not impact this segment.
The company has at its disposal a spacious office premises of about 2,800 square feet with all latest infrastructure and a team of experienced staff members. All that the company needs is a low cost capital which can be deployed in this profitable venture.