Twenty First Century India Unquoted Share Price

About Twenty First Century (India) Limited Unquoted/ Illiquid Shares

Twenty First Century (India) Limited is a Public Limited Company, incorporated on 03 July 1997. It is a non-government company that is registered with the Registrar of Companies in Kolkata. Its authorized share capital is Rs. 690,700,000 and its paid-up capital is Rs. 678,620,000. The Company is mainly engaged in the business of IT-enabled services and investment & trading in shares and securities. The Company has operations in finance and equity investments. The independent finance industry issues debt and lends the proceeds to individuals (consumer finance companies) and corporations (commercial finance companies) on both a secured and unsecured basis. Unlike commercial banks, whose deposit taking ability adds significantly to funding availability, finance companies rely almost exclusively on institutional borrowings and access to the public debt markets for funding. Consequently, the ability to access the short, medium and long-term markets at competitive rates is critical to their ongoing viability. The company faces tough competition from Nationalized, Foreign and Private Sector Banks due to their inability to grant loans at a considerably low rate of interest.

INCORPORATION DETAILS

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

BOARD OF DIRECTORS

Mr. Pradip Kumar Garg - Managing Director

Mr. Vikash Pandey - CFO

Mr. Gopal Halder - Director

Mr. Ranjeet Kumar Yadav - Additional Director

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

Twenty First Century (India) Limited does not have any subsidiary or associate company.

SHAREHOLDING PATTERN  (As of 31-03-2022)

INDUSTRY OUTLOOK

NBFCs play a vital role in the context of the Indian economy. They are an indispensable part of the Indian financial system because they supplement the activities of banks in terms of deposit mobilization and lending. They supplement the role of the banking sector in meeting the increasing financial needs of the corporate sector, delivering credit to the unorganized sector and to small local borrowers. Unlike banks, NBFCs have a more adaptable structure. Their adaptable structure contributes to market expansion by offering a competitive bundle of services to savers and investors.

With virtually all finance company business lines coming under greater competitive pressure, defining strategic initiatives and backing each with the necessary resources has become imperative for success. On the consumer side of the business, the ability to compete in various product offerings is often dictated by operational efficiencies and economies of scale. In this respect, NBFCs face problems with a high cost of funds because they lack a nationwide branch network and have a comparatively lower Tier-I and Tier-II capital base.