Invigorated Business Consulting Share Price

Invigorated Business Consulting Limited, formerly incorporated in the name of Escorts Finance Limited in February 1987 has subsequently acquired its present name on June 14, 2023. Promoted by Escorts Kubota Ltd, the Company is engaged in hire purchase, leasing and bill discounting, venture capital, IPO fundraising and nonfund based activities. It is 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.Company newly launched Ecash, a Smart Card based secured electronic Purse. It facilitates off line transaction processing without the need for any authorisation. This is the first company who launch it in India Slowly gradually picking up popularity in India.During the year 2001 the companys Capital Adequacy Ratio was 29.09% against the RBI prescribed limited of 12%. The company has also 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.