Ceejay Finance Ltd

Ceejay Finance Limited, formerly known Heritage Packaging Limited was incorporated as Public Limited Company in March, 1993 in Gujarat. The name of the Company was changed from Heritage Packaging Limited to Ceejay Finance Limited in 2001. Company is currently managing assets (AUM) of over Rs 500 Crore and has served over 1.2 million clients nationally. The Company is registered as an Asset Finance Company - D NBFC with the Reserve bank of India. Ceejay Finance is an integrated finance company providing financial services such as diverse vehicle loans, SME Business loans, Loan against Property, Personal Loan, Micro Finance Loan and Insurance Services. Prior to this, the Company had manufacturing facilities at Rakanpur (Mehsana district), Gujarat, for the manufacture of flexible packaging materials with an installed capacity of 1200 tons per annum. Commercial production at this unit commenced in Mar.'94. Facilities at its unit include rotogravure printing, lamination and pouch making. The company came out with a public issue of 15 lac equity shares aggregating Rs 150 lac, in May '95. During the year 2000-01, as per the order of the Hon'ble High court of Gujarat, Ceejay Finance Limited was merged with the the erstwhile Company with effect from 01.04.2000. The Company changed its changed its main objects from manufacturing to Hire Purchase, Leasing and financing as per the said Scheme. During the year 2002, the company issued 30,00,000 Equity shares of Rs. 10/- each through Scheme of Amalgamation to the equity share holders of erstwhile Ceejay Finance Limited against their existing equity shares of 30,00,000 of Rs. 10/- each in exchange of 1:1 shares.