Esaar (India) was originally incorporated on August 23, 1951 in the name of ‘Esaar (India) Private Limited’ at Kolkata with Registrar of Companies under the provisions of the Companies Act, 1956 with the object of Finance and Investment related activities. The company is engaged in finance, Share Trading, Investments, business which is fast growing. The Company was later converted into a public limited company in the year 1995 with the object of continuing in Finance and Investment.
In the year 1998 the Company made an application to Reserve Bank of India for conversion into Non-Banking Finance Company and obtain the certificate from Reserve Bank of India on April 30, 1998.
The company hold by way of investment shares, stocks, debentures, debenture-stocks, bonds, obligation, units, securities and other investments. Business of an investment Company and to buy, underwriter invest in, acquire, hold shares, stocks, debentures, debentures-stock, bonds, obligations and securities issued or guaranteed by any company constituted or carrying on business in India or elsewhere and debentures, debentures–stock ,bonds, obligations and securities, issued or guaranteed by any Government, State ,dominions, Sovereign rulers, Commissioners, public body or authority Supreme, Municipal, local or otherwise ,firm or person whether in India or elsewhere.
Business area of the company
The company is engaged in finance, Share Trading, Investments, business which is fast growing. It carry out the business of money lending or financing industrial enterprises, corporations and other persons and to invest in lands, building, factories, houses, flats, commercial agricultural and mining properties.