The Company is a Non-Banking Financial Company ("NBFC") which is into the business of investment and financing. The Company is registered with Reserve Bank of India as a Non-Banking Finance Company, not accepting public deposits under Section 45-IA of the Reserve Bank of India Act, 1934. The Equity Shares of the Company are listed on Bombay Stock Exchange Limited.
The Company was incorporated as Public Limited Company in February 15, 1994, in New Delhi and was taken over by Awaita Properties Private Limited in June 2008, in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. Awaita Properties Private Limited is promoted by Mr. Nikhil Gandhi and Mr. Bhavesh Gandhi. The Registered Office of the Company was shifted from New Delhi to Mumbai in May, 2011.
The Company has a wholly-owned subsidiary namely, KLG Stock Brokers Private Limited, which has been admitted as a Deposit Based Trading Member of Cash Segment and Equity Derivatives Segment of BSE Limited.
