The Company was incorporated under the Companies Act, 1956 on 28th April, 1994 as PRISM FINANCE LIMITED vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat. The Company obtained the Certificate of Commencement of Business on 2nd May, 1994 from the Registrar of Companies, Gujarat.
The Company is engaged in the business of financial services by way of assisting in providing finance by way of loans, advances, Bill discounting, Lease, Higher Purchase and any other form of finance and also to make investment in Shares & Securities, trading as well as dealing in Shares & Securities.
The Company is a Non-Banking Financial Company registered with Reserve Bank of India as Non Deposit taking Company.
The Company’s Equity Shares are listed at:
The Board of Directors of the Company comprises:
Ms. Rajkumari R. Udhwani holds degree in B.Com., LL.B. & LLM (Corporate Law). She is Practicing Advocate & Trade Mark Attorney. She has experience of more than 1 decade in Corporate Law, Intellectual Property Rights, Management Accounting, Banking, Strategic Management, Commercial functions and other related matters.
Mr. Parth B. Thakkar is an Associate Member of Institute of Company Secretaries of India (ICSI). He has Completed B. Com from Gujarat University and LLB from Saurashtra University. His profile includes vast experience of more than 5 years in Corporate Governance, Strategic Management, Commercial functions and other related matters.
Mr. Hemendrakumar C. Shah is a Commerce Graduate as well as qualified Cost and Management Accountant (ACMA) and Company Secretary (ACS). He is having vast experience in Finance, Cost & Management Accounting, Banking, Taxation, Secretarial, Legal, Insurance and other related matters. . He is on the Board of Directors of various Companies as an Independent Director.
The following are the Board of Directors of the Company:
| Sr. | Name of Director | Category |
|---|---|---|
| 1 | Mr. Parth B. Thakkar | Independent Director |
| 2 | Mr. Hemendrakumar C. Shah | Independent Director |
| 3 | Ms. Rajkumari R. Udhwani | Independent Director |
| Sr. | Name of Member | Category |
|---|---|---|
| 1 | Ms. Rajkumari Udhwani | Chairperson |
| 2 | Mr. Parth B. Thakkar | Member |
| 3 | Mr. Hemendra C. Shah | Member |
| Sr. | Name of Member | Category |
|---|---|---|
| 1 | Mr. Hemendra C. Shah | Chairman |
| 2 | Ms. Rajkumari Udhwani | Member |
| 3 | Mr. Parth B. Thakkar | Member |
| Sr. | Name of Member | Category |
|---|---|---|
| 1 | Ms. Rajkumari Udhwani | Chairperson |
| 2 | Mr. Parth B. Thakkar | Member |
| 3 | Mr. Hemendra C. Shah | Member |
Independent Directors of the Company are appointed for a term as approved by the Members of the Company in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They are entitled to sitting fees for attending meetings of the Board and its Committees, as approved by the Board, and are not entitled to any stock options. Their appointment, re-appointment, roles, duties and liabilities are governed by Schedule IV of the Companies Act, 2013 and the Company's Code of Conduct for Independent Directors.