Motor & General Finance Limited (MGF) was incorporated in March, 1930 is the flagship company of MGF Group. Company was formed as small company to introduce automobile hire-purchase, The Motor and General Finance (MGF) grew to become the MGF group. MGF group has five more companies in its fold of which Motor and General Finance is the flagship company. In the last 60 years, MGF group has expanded and diversified into the leasing of construction, mining and other equipments. International Finance Corporation, an affiliate of the World Bank, has co-promoted a company along with MGF, as 'India Lease Development'.
MGF is engaged in the hire purchase of all types of transport vehicles, mainly of TELCO. The company has emerged as one of the largest TELCO dealers in the country, with particular emphasis on Kerala and Tamilnadu. The company diversified into financing earth moving equipments for the construction and mining industries. The company diversified into new areas such as merchant banking, insurance, housing finance, stock brokerage, asset management, corporate advisory services, single-point fund management for corporate clients and extension of factoring to both consumer and industrial debts.
MGF commenced its activities with Delhi as a base and to cater to the requirements of valued customers, it expanded its operations to all important cities of the country. The Company diversified into financing earth moving equipments for the construction and mining industries. Pr ...ior to this, it was involved into merchant banking activities and other areas like corporate advisory services, single point fund management for corporate clients and factoring of debts. It granted license of Merchant Banker which in view of lesser business procurement was surrendered later on. MGF floated a company with Citicorp Securities and Investments (CSIL), an associate of Citibank, to offer scientifically developed collection systems.
The erstwhile MGF(lndia) Ltd(MGFI) and Goodwill India Limited(GIL) were merged with the Company through Scheme of Amalgamation, which became effective from July 11,2002. Similarly, in 2009, the amalgamation of two companies, NAP Sales Private Limited and Janata Cinemas Properties & Finance Limited was made effective from March 13,2009. Resulting to said Scheme, 277 Equity Shares of Rs.10/-each, were allotted on 30th March, 2009 to shareholders of NAP Sales Private Limited and Janata Cinemas Properties & Finance Limited.
Since then, the year 2011-12, Company hold the certificate issued by Reserve Bank of India as Non Banking Finance Company.
FAQs on Motor & General Finance Ltd
1. Can I buy Motor & General Finance Ltd from PL Capital? ›
Yes, you can invest in Motor & General Finance Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Motor & General Finance Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Motor & General Finance Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Motor & General Finance Ltd pay dividends? ›
Motor & General Finance Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Motor & General Finance Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Motor & General Finance Ltd. is ₹ 21.36 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Motor & General Finance Ltd ? ›
The 52-week high and low of Motor & General Finance Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
