Stanrose Mafatlal Investment & Finance Ltd

Stanrose Mafatlal Investment & Finance Ltd

The company was incorporated in 1980 under the name Sandeep Holding Pvt Ltd. It became a subsidiary of Mafatlal Industries during the same year. In Oct.'80 the company became a public limited company. A preferential offer of shares of the company was made to the shareholders of Mafatlal Industries in 1981-82 and the company ceased to be a subsidiary of Mafatlal Industries. Thereafter the Stanrose group acquired further holding from other shareholders resulting in the company becoming a constituent of Stanrose group of companies. The company has a controlling interest in the flagship of Stanrose group viz Standard Industries. The name of the company was changed to the present one -- Stanrose Mafatlal Investment and Finance.The company is engaged in investments and inter-corporate deposits. The company has investments in several blue-chip diversified companies. In the inter-corporate finance section the company provides finance to its corporate clients for their short-term fund requirements by way of inter-corporate deposits. Some of its clients are McDowell and Co IIT Capital Services Merind Standard Industries G L Rexroth Industries etc.The company has two wholly-owned subsidiary companies -- Sandeep Traders and Investments and Stanrose Holdings -- both of which are engaged in investments and inter-corporate finance. Due to recession the real estate industry the joint venture project of property development was deferred.