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History of Vatsa Corporation Ltd.

Vatsa Finance Limited was incorporated on 9th February, 1987 as a public limited company. The Comp. obtained the Certificate of Commencement of Business on August 26, 1987. However, it started operations only from March 1992. Towards end of financial year 1991-92, the Company safe deposit Locker facility was commissioned at Lokhandwala Complex, Andheri, Bombay. The Comp. also did Hire-Purchase transactions amounting to Rs.80 lakhs in that financial year apart from other loans.

The Comp. is presently engaged in Leasing, Hire Purchase, OTC Operations, Safe deposit Lockers & Corporate Financing. It has safe deposit vaults at Lokhandwala complex, Andheri, Bombay which is open 24 hours, 365 days a year.

The Comp. has a subsidiary named Vatsa Goldiamond Jewellery Exports Private Limited, incorporated on 6th October, 1992.

VGJEPL was incorporated with the main object to carry on the business as importers, exporters, buyers & sellers, dealers, merchants in jewels, gems, pearls, rubies, emeralds, jewelleries in gold, platinum and silver, precious & semi precious stones, beads pure and artificial & cut, cleave, polish, set & otherwise prepare for market or deal in such stores, manufacturers of jewellery, silver filigree, agate, chatons, lustrous & shining glass, porcelain, crystals & articles giving lustrous brilliancy, silver & gold ornaments.

The Comp. has been promoted by Ganapati Exports limited, Rolex Holding Limited, Mr. B.V.Bhatt, Mr.Rajinder Miglani & Mr. Pradip Vakil.

The company name has been changed M/s VATSA INDUSTRIES LIMITED from VATSA FINANCE LIMITED w.e.f 7th September,1994.

The company name has been changed M/s VATSA CORPORATION LIMITED from VATSA INDUSTRIES LIMITED w.e.f 23rd August, 1995.

2000

- The Equity was subdivided/splitted of Rs 10 each into 10 equity shares of Rs 1 each.

-Vatsa Corporation has topped the NSE complaint list with as many as 38 complaint lists pending against it for more that 2 months.