India Securities was incorporated in 1984 and is promoted by Essar (Ruia) group and is a subsidiary of Essar Investments. The company is engaged in equipment Leasing Services activity.
Business areas of the company:
India Securities is into the business of finance, corporate advisory services, project finance, intermediation services project money and foreign exchange markets.
India Securities provides fund based and non fund based financial solutions to both wholesale and retail segments through clutch of five companies viz. India Securities Indsee Share & Stock Broking., Indsect securities & finance, Indusee investment Indsee Holdings. The company is based in Mumbai, India.
Milestones:
1984- India Securities was incorporated on 20th July in the name of Dear Leasing and Finance. It was promoted by S.L. Gupta, B. Goyal, R.K. Sanpar & associates. The Company obtained the Certificate for Commencement of Business on 27th July.
1987- The name of the company was changed to India factors on1st May, and it was once again changed to India Securities on May 23, 1990.The Company's focus is on finance, corporate advisory services, project finance, intermediation services project money and foreign exchange markets.The Company provides fund based and non fund based financial solutions to both wholesale and retail segments through Clutch of five companies viz. India Securities, Indsee Share & Stock Broking Indsect securities & finance, Indusee investment Indsee Holdings.
2001 - The shareholders of India Securities, an Essar group finance company, have approved a proposal to delist its shares from Bangalore (BgSE), Delhi (DSE) and Chennai (MSE) stock exchanges.
2005 - Delists securities from The Delhi Stock Exchange Association (DSE) w.e.f. July 15, 2005.