Savani Financials was incorporated on December 21, 1983 and went public on September 13, 1994. The company has been accumulating losses and in FY08 continued its thrust on recoveries.
The management of the company is looking to identify niche segments revive business and is also exploring the possibility of venturing into a new business to augment resources.
The registered office of the company is situated at 809 A, Broadway Centre, 2nd Floor, Dr Ambedkar Road, Dadar (East) Mumbai, Maharashtra-400014.
Business area of the company
The company is engaged in the business of providing financials services. It generates its income through lease rentals from its hire purchase business activities.