Goenka Business & Finance Ltd Company Profile: Products, Promoters and Clients
Question 1: What are the products and services of Goenka Business & Finance Ltd?
With the year 1987 being its inception, Goenka Business & Finance Limited (GBFL) is one of the non-banking financial institutes in India that operates on a public listing. The firm focuses on the financial services industry as it provides its customers with a variety of services.
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1- Loans and Advances:
- Business Loans: GBFL supports Small and medium-sized enterprises in retaining operational capital or even expanding by providing them with necessary financing.
- Personal Loans: Unsecured loans are provided to individuals for personal reasons on the basis of a credit assessment done by the firm.
- Trade Financing: Offering assistance to companies and traders with short-term funds that would cover their capital requirements.
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2- Financial Services :
- Investment in Securities: GBFL trades in bonds, shares, and other securities in an attempt to generate returns via market profit.
- Derivatives Trading: The firm incorporates the intention of risk management and the arising of extra profits as it negotiates in diverse derivative markets.
- Financial Advisory: Customers are provided with aid on investment planning, portfolio management and maximization of wealth as a form of consultancy.
3- Non-Deposit Accepting NBFC Activities:
- As a non-deposit-accepting NBFC, GBFL has its restrictions on all public deposits and does not accept any. However, other financial services providing credit continue to be offered.
Question 2: Who are the promoters of Goenka Business & Finance Ltd?
Rise High Tracom Private Limited is the promoter of Goenka Business & Finance Ltd. It owns 14.91% of the total equity.
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