Invigorated Business Consulting Share Price

Invigorated Business Consulting Limited was formerly incorporated as Escorts Finance Limited in February 1987. Pursuant to RBI directions, the Company passed special resolution on 30 September 2022 and with effect from 14 June 2023, the name was changed from Escorts Finance Limited to Invigorated Business Consulting Limited. Promoted by Escorts Kubota Ltd, the Company initially engaged in hire purchase, leasing and bill discounting, venture capital, IPO fundraising and nonfund based activities. It got registered with the SEBI as a CategoryI Merchant Banker.In 1992, the company launched its portfolio management scheme, discretionary and non discretionary. In Jan.95, it came out with a public issue to significantly increase its hire purchase and leasing activities and to diversify into other areas of financial services. Aggregate disbursement for hire purchase and leased assets was Rs 2.30 Crore during 199596.Company acquired 30% of the equity capital of Escorts Consumer Credit Ltd a company engaged in hire purchase finance, leasing and bill discounting activities. The rating agency also reaffirmed the company with FAA i,e High Safety rating.During 2001 the companys Capital Adequacy Ratio was 29.09% against the RBI prescribed limited of 12%. The company consolidated its core business activity i.e. construction equipment financing while maintaining its presence in two wheeler finance.Consequent to the surrender of the license of NonBanking and Finance Company, and as per the directions received from Reserve Bank of India (RBI),, the Company changed the business activities to providing advisory/ counselling service during FY 202324.The Company is working towards the recovery of delinquent loan assets and settlement of old legal cases filed by/ against the Company.