Ganges Securities was incorporated on March 30, 2015 and with the main objects of carrying on businesses related to investments, tea business, property and professional services and pursuant to business realignment upon approval of the Composite Scheme of Arrangement by the regulatory authorities. Pursuant to the said Scheme the tea business and investment business undertaking of ‘Upper Ganges Sugar & Industries Limited’ have been transferred to and vested in the company and thereafter Tea business unit of the company has been transferred to and vested in its Wholly Owned Subsidiary, ‘Cinnatolliah Tea Limited’.
The businesses of the company are carried out by its wholly-owned subsidiaries.
Wholly owned subsidiaries:
Cinnatolliah Tea Limited.
Uttar Pradesh Trading Company Limited.
The wholly owned subsidiary company ‘Cinnatolliah Tea Limited’ is engaged in the tea business, having its Tea Garden at North Lakhimpur, Assam with an installed capacity of 12.5 Lac KG of black tea, and whereas the other wholly owned subsidiary company ‘Uttar Pradesh Trading Company Limited’ is primarily engaged in investment activity and is a NBFC registered with RBI.