August 25, 2016 11:28 PM ET

Diversified Financial Services

Company Overview of ECL Finance Ltd.

Company Overview

ECL Finance Limited provides wholesale and retail financing services in India. It is also involved in treasury and investment activities. The company was incorporated in 2005 and is based in Mumbai, India. ECL Finance Limited is a subsidiary of Edelweiss Financial Services Limited.

Edelweiss House

Off. C.S.T Road

Kalina

Mumbai,  400098

India

Founded in 2005

Key Executives for ECL Finance Ltd.

Chief Executive Officer, Managing Director, Director, Member of Audit Committee, Member of Nomination & Remuneration Committee, Member of Stakeholders' Relationship Committee, Member of Asset Liability Management Committee and Member of Risk Management Committee
Age: 49
Managing Director and Director
Age: 53
Chief Financial Officer
Executive Director and Member of Corporate Social Responsibility Committee
Age: 51
Senior Vice President
Age: 43
Compensation as of Fiscal Year 2016.

ECL Finance Ltd. Key Developments

ECL Finance Ltd., Board Meeting, May 12, 2016

ECL Finance Ltd., Board Meeting, May 12, 2016. Agenda: To re-appoint Mr. Rashesh Shah as Managing Director of the company for a period of 5 years and Mr. Himanshu Kaji as Executive Director for a period of 5 years, subject to the approval of the members of the company.

ECL Finance Ltd. Reports Standalone Unaudited Earnings Results for the Six Months and Year Ended March 31, 2016

ECL Finance Ltd. reported standalone unaudited earnings results for the six months and year ended March 31, 2016. For the six months, the company has posted total income of INR 10,763.44 million against INR 7,133.15 million a year ago. Profit from ordinary activities before tax was INR 1,982.89 million against INR 1,525.24 million a year ago. Net profit was INR 1,319.04 million against INR 1,000.85 million a year ago. Basic and diluted EPS was INR 0.70 against INR 0.53 a year ago. Return on assets was INR 0.81% against INR 0.93% a year ago. For the year, the company has posted total income of INR 18,865.83 million against INR 12,411.84 million a year ago. Profit from ordinary activities before tax was INR 3,788.83 million against INR 2,767.98 million a year ago. Net profit was INR 2,500.63 million against INR 1,829.38 million a year ago. Basic and diluted EPS was INR 1.32 against INR 0.97 a year ago. Return on assets was INR 1.67% against INR 1.77% a year ago.

ECL Finance Ltd. Announces Resignation of Rujan Panjwani as Director

ECL Finance Ltd. announced that Board of Directors at the meeting held on January 19, 2016, approved resignation of Mr. Rujan Panjwani as a Director of the company with effect from January 19, 2016.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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