Shrachi to sell Mutual Funds, insurance products
Kolkata, Jun 16: Infrastructure finance company Shrachi Infrastructure Finance Ltd is planning to distribute mutual funds and insurance products.
Shrachi is also planning to finance second hand vehicles in 2006-07, Mr Todi said.
The company presently finances commercial vehicles. About 75 per cent of company's business comes from commercial vehicle financing.
"We are planning to raise 10-15 per cent of total lending capital through private placements in 2006-07," he said.
The
company
reported
net
profit
of
Rs
7.55
crore
in
2005-06
from
Rs
5.81
crore
in
the
previous
year.
The
company's
total
income
grew
to
Rs
32.04
crore
in
the
last
fiscal
from
Rs
25.38
crore
in
the
previous
year.
UNI
Story first published: Friday, June 16, 2006, 10:37 [IST]