The Company was incorporated as Mask Investment in Indore on November 17, 1992 under the Companies Act, 1956 and converted into public limited company and obtained the certificate of change of name to Mask Investment limited on March 20, 1996 from the Registrar of Companies Madhya Pradesh, Gwalior. Originally, the company was promoted by Shri Lalit Desai and Smt. Heena Desai. They were not interested in expanding activities of the company thus, Shri Anuj Bhargava, Shri Raminder Singh Chaddha, Shri Gagan Vora, Shri Mohan Jhawar and Smt. Nidhi Bhargava joined the company to expand the Operation of the company. During 1997-98 the company handed-over to saboo family. Currently, the Mask Investment Limited is being managed by Shri Narayan Saboo, Shri Naresh Saboo and Smt. Vijaya Dhoot.
The company obtained certificate of Registration under Section 45-1A of Reserve Bank of India Act, 1934.
Mask Investment (the Company) invests in a quoted and unquoted securities of companies, including its Group Companies, which are engaged in various businesses with a history of strong operating and financial performance. The Company believes that its investments provide a sustainable competitive advantage in volatile markets and would contribute to its dividend income as well as any profits that may be realized on sale of such investments. The Company's primary sources of income consist of dividend income and net profit on sale of investments.
Objective of the company
To carry on the business of an Investment company and for that purpose to invest in real estate and acquire, underwrite, subscribe for, hold shares, bond, stock debentures, Securities Debenture, Debenture Stock, issued or guaranteed by any company constituted and carrying on business in India or in any foreign country and Debentures, Debenture Securities, bonds, obligations, issued or guaranteed by government State, dominions, sovereign, central or provincial commissioners, port trust public body or authority supreme, municipal, local or otherwise whether in India or elsewhere.
Business area of the company
The company is engaged in the business of non-banking financial Institution (not accepting Public deposit).