Jayabharat Credit Ltd

Jayabharat Credit Limited originally incorporated as 'The Jayabharat Insurance Company Limited' on March 25, 1943, was dealing in General Insurance Business. On Nationalization of Insurance business in 1969, the Company became a subsidiary to The New India Assurance Company which took over the Insurance business of the Company. Jayabharat changed course to become Non Banking Finance Company (NBFC) and took to the business of financing trucks under Hire-Purchase schemes. Leasing followed so did corporate financing. The Company had paid uninterrupted dividend since 1970 to 2008 i.e. for 34 years to shareholders. During 1990-91, the Company changed the name to Jayabharat Credit & Investment Company. In 2025, the Company has attained a new changed to Jayabharat Credit Limited with due approval from the Registrar of Companies. In 1995-96 company secured registration from SEBI to act as Category I Merchant Banker. In 1996-97 the company got the rating 'MA' from M/s ICRA Ltd which denotes adequate safety i,e timely servicing of interest and principal. During the year 1999-2000, the company promoted Jayabharat Automobiles Ltd jointly with the Motor & General Finance Ltd with equity participation. The Company's Capital Adequacy Ratio is 30.35% as against the minimum requirement of RBI's 12% as on March 2001. Initially, Company was in the business of Hire Purchase and leasing and originally registered with RBI under the status of Non- Banking Finance Company (NBFC) with Deposit taking Company. The Company is now ceased to be Non-Banking Finance Company (NBFC) dated 13th January, 2020. The main objects and activities of the Company are investment and finance, hire-purchase and leasing it used to underwrite all kinds of general insurance business till Dec.'1987. It started hire-purchase and financing activities since May 1989. From 1981, the company commenced leasing operations. In 1988, the company ceased to be a subsidiary of New India Assurance company.