BCB Finance was originally incorporated with the Registrar of Companies, on November 25, 2005 as BCB Finance Private Limited. Pursuant to a shareholders Resolution dated June 06, 2011 the company was converted into Public Limited Company and the name was changed to BCB Finance Limited. Fresh Certificate of Incorporation consequent to such change of name was issued by the Registrar of Companies, Mumbai vide certificate dated June 24, 2011. The company is a NBFC registered with RBI to carry on NBFC Activities under Section 451A of the Reserve Bank of India Act, 1934.
Business of the company:
The primary business of the company is to provide margin funding to clients for purchase of securities; loan against shares and trading in shares & securities. The company is registered as a Non-deposit taking Non-Banking Finance Company with RBI.
BCB Finance operates as a non deposit taking non-systemically important non-banking finance company (NBFC-NDNSI) engaged primarily in the business of advancing loans and investing/trading in securities. The company provides its shareholders with the opportunity to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team. The company is the NBFC Arm promoted by the Bagri Family in order to carry out their financing and investment activities and in order to bring in the benefits of synergies from their brokerage and other businesses.