Jayabharat Credit Ltd. Company History and Annual Growth Details

YEAR EVENTS
1943 - The Company was incorporated on 25th March, at Mumbai. The
Company used to underwrite all kinds of general insurance
business till 31st December, 1967. The Company started
hire-purchase and financing activities since May 1969.

1968 - The Company ceased to be a subsidiary of The New Indian Assurance
Co. Ltd.

1969 - Equity shares subdivided. 2,00,000 bonus equity shares of Rs 10
each issued in prop. 4:5.

1972 - 3,00,000 rights equity shares offered at par in prop. 2:3 in May,
1972. In July 1972, 40,000 No. of equity shares out of rights
issue, which remained unsubscribed were offered for public
subscription.

1978 - 5,00,000 shares issued at par privately during 1978 of which
3,25,000 shares subscribed for till the end of 1978.

1985 - 7,50,000 right equity shares issued at par in the ratio of 3:5.

1986 - 10,00,000 right equity shares issued at par in prop. 1:2.

1990 - The Name of the Company was changed from Jayabharat Credit &
Investment Co. Ltd. to Jayabharat Credit Ltd.

1993 - 20,00,000 shares allotted at a prem. of Rs 5 each on rights
basis.

2003
-Company has recommended a dividend of 10 %

2008
-Company has recommended a right issue of 1:1

2009

--Registered Office of the Company has been shifted to 19/20, Rajabhadur Mansion, 4th Floor, Opp. SBI Main Branch, Near Stock Exchange, 22, Mumbai Samachar Marg, Fort, Mumbai 400023

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