The Company was originally incorporated as "Alps Motor Finance Limited" on 13th March, 1987 under the Companies Act, 1956 in the State of Delhi with an object to carry on the business of lending, finance with focus on auto finance and project funding etc.The Company has been originally promoted by Mr.Anil Kumar Agrawal, Mr.Madan Gopal and Mr.Shashi Agarwal. In the year 1956, in order to strengthen the operations of the company, Company has come out its maiden initial public offerings of the Company of Rs. 244.35 Lacs. In February 2010 through the special resolution of member in the Extra Ordinary General Meeting and special resolution by way of postal ballot, our present promoters i.e Mr. Mahesh Chand acquired control over the Company from either promoters, pursuant to Regulation 12 of the SEBI(Substantial Acquisition Share and Takeover) Regulations, 1997. The Company is engaged in the business of financing and investments.
Business Operations. Under this Segment,the Company is providing various financial solutions such as
1. Vehicle Finance 2. Retail Finance 3. Advancing loans against listed shares, securities and properties. 4. Corporate loans 5. Personal loans 6. Trading in shares & securities 7. Trade financing 8. Bills discounting etc.
2014
-Appointing Ms. Sugandha Agarwal as Director of the Alps Motor Finance.
-Alps Motor Finance has splits its face value from Rs 10/- to 1/-
-The Registered office of the Company has been shifted from D-5, Arya Nagar Society, 91 Patparganj, Delhi -110092 to 49, Gujrawala Town, Part II, New Delhi -110009.
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