| India
Securities Limited (ISL), the Financial Services
arm of Essar Group, is a Non-banking Finance Company,
registered with Reserve Bank of India under Category
A NBFC.
India Securities Limited (ISL) was admitted to
the Group fold in 1990 and since then had been
very active in the Financial Services Sector.
ISL had been a major player amongst the NBFCs
and used to offer a plethora of fund based and
non-fund based services to its clients. During
the boom period ISL had been at the forefront
of Leasing and Hire Purchase business with an
asset base of more than Rs. 150 Crores. ISL was
also active in the Money Markets and Investment
Banking businesses.
The Equity Shares of India Securities Limited
(ISL) are listed on The Bombay Stock Exchange
Limited, a premier Stock Exchange having nationwide
presence all over INDIA. (BSE Security Code: 500204)
The Company believes that adhering to global
standards of Corporate Governance is essential
to enhance shareholders value and achieve long
term corporate goals. The Company's philosophy
on Corporate Governance stresses the importance
of transparency, accountability and protection
of shareholders interest. The Company has also
framed Fair Practices Code in compliance with
guidelines issued by Reserve Bank of India.
In the Public Deposit front ISL has never defaulted
on its payment obligations to its depositors.
In a scenario, where only a handful of NBFCs have
been able to serve their depositors in terms of
repayment. ISL has been successful in not only
in fulfilling its repayment obligations but also
in adhering to all the stringent RBI Guidelines.
|