Libords securities was incorporated in 1994 and is engaged in investments and other financial activities. Important source of income for the company is licensing, consultancy and investment banking activities. Lalit Kumar Dangi is the chairman of the company. In the year 2007 members of the company had passed a special resolution to change the Memorandum of Association (MoA) to insert new sub clause 83 in “other object” clause and section 149(2A) of the Companies Act, 1956.