KJMC Financial Services Ltd

KJMC Financial Services Limited was initially incorporated as 'Khandelwal Jain Management Consultancy Services Pvt Ltd' on 29 June, 1988, which changed to KJMC Financial Services Pvt Ltd on 17 December, 1993. Thereafter, it was converted into a Public limited company and the name of the Company was changed to KJMC Financial Services Limited on 28 October, 1994. Company is a NBFC registered with the RBI to carry out NBFC activities. It is engaged in the business of investing/trading in securities and lending. It is also involved in providing fund based financial services and funding solutions to the Indian Corporate, Institutions, MSMEs and Others. KFSL operate as a diversified lending portfolio across retail, MSME and commercial customers. The area of business of KJMC is merchant banking like loan syndication, lease and hire-purchase, bill discounting, etc. Its major clients in different fields are Himachal Futuristic Communications, Nandini Syntex, Microtex Yarns, Essar, Videocon, etc. The company has a wholly-owned subsidiary named KJMC Leasing and Finance (KLF) incorporated on 29 Mar.'94. Apart from these, it diversified into real estate developments, infrastructural developments, forex services, venture capital, etc. KJMC also incorporated an asset management company for setting up a mutual fund and it is planning to set up a private sector bank. It has tie-ups with Mahindra & Mahindra for real estate business. The Company came out with a public issue at a premium of Rs 50 aggregating Rs 10.36 cr in Mar.'95 to finance the subscription to equity of a subsidiary company and to create infrastructure facilities. Over the years, KJMC has grown at a steady pace and offers a diverse spectrum of integrated financial services to its clients. In 1995-96, the company along with others sponsored eight companies under the banner of KJMC and has started new activities pertaining to Forex Services, Property Development etc. During the year, it made application for Bank Licence to RBI and has also developed infrastructure for the same. The company in order to expand and strengthen its business base is embarking on new vistas. It has also decided to set up and operate mutual fund schemes and for this purpose, has laid down necessary infrastructure. The company has diverted its business activities by marketing various products of ICICI such as personal loans and credit cards in FY 2024.