Kosian Industries was incorporated as a private limited company on February 19, 1990. It became a public limited company by passing a special resolution on March 31, 1994 and subsequently changed its name to Kosian Finance with effect from April 15, 1994. The company is engaged in the business of non-banking financial services such as trading in shares and securities, investment, loans and advances. Apart from this, it is also present in the business of software trading.
The company provides its financial service through a separate division in the name of 'Shivom Financial Services'.
During the year 2005-06, Kosian Industries started the activity of taking over and acquiring 100% equity share capital of Ideal Systems (ISPL), an ISO 9001-2000 certified software company to make it a wholly owned subsidiary. The company is based in Mumbai, India.
• Project Advisory Services: Project advisory and consultancy on various financial matters is the main activity of the company. Preparation and appraisal of project reports, capital structuring and tax consultancy are the areas of thrust for the company presently.
• Merchant Banking: The company is a SEBI-registered Category IV Merchant Banker and has been till present, engaged in assisting and acting as advisors to various public/rights issues and also in procuring subscriptions for the said issues. The company has applied to SEBl for an upgradation to Category III and is awaiting approval.
• Loan Syndication/Bill Discounting: The company has been involved in the arrangement of loans, hire purchase finance, lease finance, bridge loans, Inter Corporate Deposits, placements of Non Convertible Debentures with mutual funds, etc. and syndication of Bill Discounting at attractive rates of interest to reputed companies.
• Ideal Systems