LFIC

The Company is a Public Limited Company and was formerly known as The Andhra Bank. Consequent to nationalization of the Andhra Bank on 15.04.1980, the company’s name was changed to Lakshmi Finance & Industrial Corporation Limited and since then the Company was involved in financial activities (Leasing, Hire Purchase, Bill discounting, Corporate Finance etc.,) and for some time (i.e. 1988 to 2002) in the manufacturing field (Manufacturers of PET containers and Injection Moulded Components). Since the market conditions became less attractive and also there were no suitable borrowers for money lending for NBFC activities from 1995 onwards, because of various scams that shocked the financial markets and consequent regulatory requirements affected the company’s NBFC operations, on account of which the market environment was not conducive for NBFC activities. Hence, for the past few years, the company was mainly carrying on the business of investments in equity shares and mutual funds. Further, the major portion of the funds are in the nature of investments either in the shares or mutual funds.

Business area of the company:

The company was in to the financial activities and currently it is mainly carrying on the business of investments in equity shares and mutual funds.

Services:

The Company is a Non Banking Finance Company (Non Deposit Taking) presently involved in financial activities mainly in Long-term Investments i.e. Equity Shares and Mutual Funds.