IFL Enterprises Ltd

IFL Enterprises Limited, was originally incorporated on 23 January, 2009 as a Private Limited Company as 'Sarthak Suppliers Private Limited'. Subsequently, name of the Company was altered to 'IFL Enterprises Private Limited' on 27 January, 2016. On 18 February, 2016, it was converted into a Public Company and was retained as 'IFL Enterprises Limited' on 18 February, 2016 issued by the Registrar of Companies, NCT of Delhi & Haryana. The main business of the Company is trading in textile products primarily fabrics. The Company is involved in the business of corporate advisory, debt syndication and execution services with paramount focus on small and medium enterprises (SMEs) in corporate and non-corporate sector. The Company began Advisory and DSA related activities in addition to re-designing original activity of trading in textiles in 2016. It then increased the scale of operation from textile industry to service industry i.e. to act as DSA (Direct Selling Agent) and providing consultancy services like Loan Syndication and Project Approval. In 2017-18, the Company diversified its business activities along with its main object. It obtained Direct Selling Agency (DSA) of PNB Housing Finance, Tata Capital Housing Finance Limited and IDFC. It obtained Direct Selling Agency of PNB Housing Finance, Tata Capital Housing Finance Limited, and IDFC Bank. The Company came up with Public Issue in March, 2017 by issuing 16,26,000 Equity Shares and raised funds aggregating to Rs 3.25 Cr. The management of control of the Company was changed through the Open Offer with Mr. Gandhi Nishant S on 09 December, 2021, resulting he acquired 1,10,172 Equity Shares of the Company and became the Promoters and Promoter Group of the Company. Accordingly, the main objects of the Company were changed to carry out the business of manufacturing, importing & exporting, trading of all type of paper for writing, wrapping, kraft and semi-kraft, cloth paper, wall paper, paper films (plain and printed) and to do all types of metals and metal compounds whatsoever, whether ferrous or non-ferrous and buying, selling, reselling, transporting, storing, developing, promoting, marketing or supplying, trading, dealing in all type of goods on retail as well as on wholesale basis in India or elsewhere and also act as Commission agent Stockiest on behalf of others in 2021-22.