Kwality Credit & Leasing was incorporated on September 25, 1992 as a Private Limited Company in the name of Kwality Credit & Leasing Private and converted into a Public Limited Company and obtained a fresh certificate of incorporation dated March 24, 1995. It was promoted by Prahlad Kumar Jhunjhunwala and others.
The company’s shares are listed in the Bombay Stock Exchange Limited, the Calcutta Stock Exchange Association Limited and the Jaipur Stock Exchange. The company is a Non-Banking Financial Institution not accepting Public Deposit and is registered with the Reserve Bank of India.
At present Somnath Sen Gupta is the Chairman of the company and the Board of Directors constitute of three Directors. The overall management of the company is managed by the executive director under the overall supervision, control and guidance of the board of directors.
Business area of the company
Leasing & Hire-Purchase: The company is primarily engaged in the business of providing Lease finance of equipment and Machinery and Hire Purchase finance for vehicle. The company is also providing lease Syndication services by referring clients to other companies thereby earning professional charges for the same. Kwality Credit is also the player in the commercial vehicle and car finance segments.
Investments in Shares & Securities: The company is primarily engaged in the business of dealing in shares / stock / bonds / debentures / securities issued by the listed, non listed companies, government or local authorities etc. or other securities of like marketable nature.