Shree Investment & Finance Co Ltd. (Bittiya Sanstha) was incorporated in the year 1994 (2051 BS) by a group of eminent businessmen from Kathmandu , as a Financial Services Company and a Merchant Bank under the Nepal Finance Company Act, 1985 and the Nepal Company Act, 1964. The Company has been licensed by the Nepal Rastra Bank as “C’ class Financial Institution to undertake finance services and merchant banking activities in the country.
The Company started its operations on June 01, 1995. (B.S 2051/3/22) with an authorized share capital of Rs. 6400 Lakh, issued capital of Rs. 2000 Lakh and paid-up capital of Rs. 1008 Lakhs. In keeping with the growth targets, the company has kept increasing its capital base. Today, the Company has an authorized share capital of Rs. 6400 Lakh, issued capital of Rs. 2000 Lakh and paid-up capital of Rs. 1209 Lakhs
SIFCO deposits recorded an appreciable increase of 38.80 % to Rs 10,799 Lakh at the end of financial year 2008-09(F.Y2065/66) from the previous year figure of Rs. 7,780 Lakh. The Loan & Advances of the company recorded an appreciable growth during the year. The total advances of the company increased to Rs9,963Lakh against Rs.7,875 Lakh of the corresponding period of the previous year registering a growth of 26.51%.
SIFCO came out with its public issue in 2002. Total number of shareholders as on end of March 2010 is above 2000 and the share has been listed in Nepal Stock Exchange.
The Company presently has two offices in Kathmandu and Biratnagar. The Company also plans to geographically spread out to other parts of the country in the near future.
Today SIFCO has prominently grown over the years, from Fixed, Recurring Saving Deposits to Loans & Advances; SIFCO has accomplished for itself a niche position in the Nepalese Financial Sector while firmly adhering to a policy of prudence and caution, company has been in the forefront of introducing various innovative products and services.
In General::
| Address |
Dillibazar-Kathmandu |
| Phone |
4422038,4415344,4417558. Fax 977-1-4421779 |
| Email: |
shreefinance@websurfer.com.np ,sifco@wlink.com.np,info@shreefinance.com |
| URL |
www.shreefinance.com |
| CEO |
Mr.Sashi Raj Pandey |
| Established Date |
1994 |
| Listing Date |
2003 |
| Share Holding Pattern |
| Promoters |
60 % |
| General Public |
40 % |
|
| Number of general share holders above 2000 |
