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India Securities Limited
The Company
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.

 
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