Basil Infrastructure Projects was incorporated on August 29, 1985 under the name of VBC Finance and Leasing as a public limited company and obtained the certificate of commencement of business on October 9, 1985. The company name has been changed from VBC Finance & Leasing to Basil Infrastructure Projects in 2008.
The company was incorporated by JS Krishna Murthy, MVVS Murthi, MV Subba Rao and K Satyanarayana, having substantial interest in various companies of the VBC Group. It was incorporated as an integrated finance company primarily to undertake the activities of hirepurchase, leasing, intercorporate deposits and mobilize fixed deposits from the public. Presently, the management of the company is being looked after by V Rama Murthy and Associates.
The registered office of the company is situated at 6-2-913/914, Progressive Towers, Sixth Floor Khairatabad Hyderabad, Andhra Pradesh- 500004.
Business area of the company
The company’s principal activity is to provide hire purchase finance for cars and other automobiles. It also provides industrial equipment on lease and accepts deposits from public.