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Heritage Finlease Limited was incorporated under the companies Act 1956 on 23rd of February 1996 and commenced business from 2nd day of April 1996. The Registered office is located at 6-3-541/c Punjagutta, Hyderabad-500082.
The following are the directors of the company:
Sri D.Seetharamaiah
Smt. N. Bhuvaneswari
Sri M. Sivarama Varaprasad
Sri R.S.Bakkannavar
The Company was registered as Non Banking Financial Institution on 5th Day of December 1998 by Reserve Bank of India as a Deposit Taking Company under the category Hire Purchase Company.
At Present the company is allowing Dairy Loans to Small Farmers under Tie up arrangement with Heritage Foods (India) Limited. The Company has been earning profits from inception and functioning in conformity with the rules and directions of Reserve Bank of India.
The Company holds a Corporate Agency for General Insurance through United India Insurance Company Ltd since 2003. It secured sizeable business under this Insurance Agency Services.
The following is the Financial Position of the Company as on 31-03-2007:
| Authorise Capital |
2,00,00,000 |
| Paid up Capital |
1,11,07,000 |
| Reserves |
6,43,042 |
| Profit After Tax |
4,60,867 |
| Hire Purchase Debtors (Net) |
14,12,641 |
| Dairy Loans |
61,23,172 |
| Dividend |
3% |
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Infra Developers