Salem Erode Investments Limited was originally incorporated as Salem Erode Electricity Distribution Limited on May 16, 1931 as a public limited company with the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to Salem Erode Tea & Investment Co. Limited in 1975 and to Salem Erode Investment Limited in 1992. The fresh Certificate of Incorporation was issued dated 24 July 1992.
Company is a Non-Banking Financial Company (NBFC) specializing in gold loan financing. It deals in shares, stocks, debentures and securities issued by Government of India and Companies incorporated in India. The Company lends money with or without security. The Company was incorporated to acquire tea gardens, grow, raise, tend and cultivate tea, coffee, cinchona, rubber and carry on the business of tea planters in all its branches, to carry on and work the business of cultivators, winners and buyers of every kind of vegetable, other produce of the soil, to prepare manufacture and render marketable any such produce, and to sell, dispose of and deal in any such produce, either in its prepared, manufactured or raw state, and either by wholesale or retail.
The Company was acquired by ICL Fincorp Limited on 17 February, 2020. The Company opened 8 new branches thus summing up to a total of 12 branches in South India in 2022. Further, it opened 4 more branches in Kanyakumari district of Tamil Nadu in 2023.
During FY 2024-25, Company operated 38 strategically locate ...d branches across the key states of Tamil Nadu and Odisha. It opened 6 new branches during the year.
FAQs on Salem Erode Investments Ltd
1. Can I buy Salem Erode Investments Ltd from PL Capital? ›
Yes, you can invest in Salem Erode Investments Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Salem Erode Investments 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 Salem Erode Investments Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Salem Erode Investments Ltd pay dividends? ›
Salem Erode Investments 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 Salem Erode Investments Ltd ? ›
As of
20-Mar-2026 , 16:01:52 the share price for Salem Erode Investments Ltd. is ₹ 34.74 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Salem Erode Investments Ltd ? ›
The 52-week high and low of Salem Erode Investments Ltd share price is ₹ 29 - ₹ 66.45 as of
20-Mar-2026 , 16:01:52 .
