Basic Information Product Range Financial Results Shareholding Pattern Nahar Saga Shareholders Information Information Memorandum
 
Product Range
Industry and Business Overview

Post the economic liberalisation in 1991 the Indian financial services industry has experienced significant growth. During the last decade, there has been a considerable broadening and deepening of the Indian financial markets. The Indian markets have witnessed introduction of newer financial instruments and products over the years. Existing sectors have been opened to new private players. This has given a strong impetus to the development and modernization of the financial services sector.

This is particularly evident in the non banking financial services sector, such as brokerage industry, where innovative products combined with new delivery methods have helped the sector achieve high growth rates.

So, there is a great potential for investment and financial sector growth in the near future.


INVESTMENT BUSINESS

Nahar Capital & Financial Services Limited

Keeping this objective in mind, the investment activities of NSML has been transferred to the Nahar Capital & Financial Services Limited pursuant to the composite scheme of Demerger and Arrangement between Nahar Spinning Mills Limited, Nahar Exports Limited & Nahar Capital & Financial Services Limited as sanctioned by the Hon’ble Punjab and Haryana High Court at Chandigarh vide order dated December 21, 2006 subject to the conditions mentioned therein. 

NCFSL will be registered as Non Banking Finance Company (NBFC) mainly to carry out the existing Investment business transferred from NSML i.e. the business of Investment in Shares, Debentures, Stock, Bonds and Securities of any kind issued by Companies, Banks, Mutual Funds, Any Authority, Central, State, Municipal, Local and to invest subscribe, purchase, acquire and/or sell or otherwise place funds by way of deposit to any body corporate, firm, person, any other authority or association whether falling under the same management or otherwise, in accordance with and to the extent permissible under the applicable provisions of the Companies Act 1956 with or without security and on such terms as may be determined from time to time However, the company shall not carry on the business of Banking as defined under the Banking Regulations Act, 1949.

NCFSL may also undertake new activities in future such as financial consultancy, merchant banking, underwriting business, stock broking, and other miscellaneous finance activities generally undertaken by the NBFC’s after obtaining the requisite approvals.