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Andhra Pradesh State Financial Corporation

Andhra Pradesh State Financial Corporation was established on 1st November, 1956 under the State Financial Corporation Act (1951) with the merger of Andhra Financial Corporation and Hyderabad Financial Corporation. APSFC provides credit in the form of Term Loans / Working Capital Term Loans to Micro, Small and Medium Enterprises (MSME). The Board of APSFC has professional directors nominated by SIDBI, LIC, Andhra Pradesh state Government, co-opted by the board and elected by shareholders.

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Dewan Housing Finance Corporation Limited

Dewan Housing Finance Corporation Ltd. (DHFL) was incorporated in 1984. Currently, Shri Rakesh K Wadhawan is the Chairman of DHFL and Shri Kapil Wadhawan is its Vice Chairman and Managing Director. With more than 25 years of experience, DHFL is among the oldest private sector housing finance companies (HFC) in India.

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Future Capital Holdings Limited

Future Capital Holdings Limited (FCH) is the financial services arm of the Future Group, promoted by PRIL. The company was originally incorporated on October 18, 2005 as KB Infin Private Limited. Pursuant to a resolution of the shareholders in 2006 and by virtue of the acquisition of the entire share capital by Pantaloon Retail (India) Ltd PRIL, the company was converted to a public limited company and the name of the company was changed to Future Capital Holdings Limited. FCH is currently classified as a Systematically Important Non-Deposit taking NBFC by the Reserve Bank of India.

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Indiabulls Financial Services Ltd.

Established in January 2000, Indiabulls Financial Services Ltd (IBFSL) is an important non-deposit taking NBFC focused on secured asset classes, such as mortgages, commercial vehicle, and commercial credit loans.

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Maharashtra Airport Development Company

MADC is a Special Purpose Company set up in 2002 by the Government of Maharashtra with the primary objective of planning and implementing the Multi-modal International Hub Airport at Nagpur (MIHAN) project. It was formed by equity participation from State Institutions like City and Industrial Development Corporation Limited (CIDCO) Nagpur Improvement Trust (NIT), Maharashtra Industrial Development Corporation (MIDC), Maharashtra State Road Development Corporation Limited (MSRDC), Nagpur Municipal Corporation (NMC), and State Industrial and Investment Corporation of Maharashtra (SICOM). The company would also develop and manage new airports to come up in Maharashtra at Shirdi, Solapur, Amravati, Gadchiroli and Rajgurunagar, which do not fall within the purview of the Airport Authority of India, and undertake development and upgradation of State Government Airports of Amravati and Dhule.

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Mahindra and Mahindra Financial Services Limited

Mahindra Finance was promoted by M&M (US$ 7.1 billion Mahindra Group) and Kotak Mahindra Bank Ltd (formerly Kotak Mahindra Finance Ltd [KMFL]), with M&M as the major shareholder. In 1998, Mahindra Finance became a subsidiary of M&M after the latter bought out KMFL’s stake. Currently, M&M holds 60% stake in the company. They offer the following products:

  • Tractor Finance
  • Car and Utility Vehicle Finance
  • Commercial Vehicle Finance
  • Construction Equipment Loan
  • Insurance Broking
  • Mutual Fund Distribution
  • Housing Loans
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Reliance Capital Ltd.

Reliance Capital, part of the Reliance group is a diversified financial services company with interests in Asset Management, Insurance – Life & General, Commercial Finance, Broking & Distribution, Asset Reconstruction, Private equity and Proprietary investments among others. Reliance capital is the holding company for all the businesses except the commercial finance business which is housed in the company itself.

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Tourism Finance Corporation of India Limited

TFCI was incorporated as a Public Limited Company under the Companies Act, 1956 on 27th January 1989 and became operational with effect from 1st February 1989. TFCI has been notified as a Public Financial Institution under section 4A of the Companies Act, 1956, vide Notification No S.O 7(E) dated the 3rd January 1990 issued by the Ministry of Industry, Department of Company Affairs. IFCI Ltd. along with other All-India Financial/Investment Institutions and Nationalized Banks promoted a Public Limited Company under the name of "Tourism Finance Corporation of India Ltd. (TFCI)" to function as a specialized All-India Development Financial Institution to cater to the financial needs of tourism industry. The company provides financial assistance to enterprises for setting up and/or development of tourism-related projects, Hotels, Restaurants, facilities and services. The Company also provides high-quality research and Consultancy services to the tourism industry in general and to the investors in tourism industry in particular. It also provides tourism related consultancy services to central and state agencies.

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