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
|
CIN |
L51109WB1997PLC084818 |
|
Registration Date |
04 July 1985 |
|
Category/Sub-category of the Company |
Limited by Shares/ Non-govt company |
|
Address of the Registered office and contact details |
Twenty First Century (India) Limited, 9 Lal Bazar Street, Block-B, 3rd Floor, Room No. 4, Kolkata-700001 Ph: 033-22312890/91 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
Link In Time Private Limited 59C Chowringhee Road 3rd Floor Kolkata – 700020 Phone: 033-2289-0540/0539 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Providing Loans |
6592 |
100% |
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)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
Promoter Group |
1,16,71,496 |
17.20% |
|
2. |
Public Shareholding |
5,61,90,504 |
82.80% |
|
|
Total |
6,78,62,000 |
100.00% |
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.
