The Company was a registered Non-Banking Finance Company and ceased to carry on business as an NBFC since 1999-2000 due to precarious financial condition and negative net worth. Based on the Company's request RBI has issued an order canceling the Certificate of Registration w.e.f. 8th March 2017. Currently, the company does not have any business activity and is in the process of exploring avenues for restructuring of its capital and operations.