An Overview

Key Corp Limited is one of the oldest Non-Banking Financial Company in the Northern India and was incorporated at Kanpur on 26th November, 1985 in the name of Key Leasing And Finance Ltd. Company commenced its operations pursuant to certificate of Commencement of Business granted on 11th December, 1985 by the Registrar of Companies U.P. Kanpur vide it’s (Registration) Company No. 20-7547. An application was moved by the company for change of it’s name. After this a fresh Certificate of incorporation was issued by the registrar of Companies U.P. Kanpur on 17th April, 1996 by it’s new name Key Corp Limited. The Registered Office of the Company is situated at 16 / 16-A, Civil Lines, Kanpur-208001 (U.P.).

The formation of the company was a pioneering effort of few experts in the field of finance, Banking and Industry who visualised the need of a company to provide efficient financial services to the industry locally and reduce dependence on the bigger centers for such services.

Share Capital & Business Activities

The initial public issue of the company of 2,50,000 shares was floated in the year 1986 and was oversubscribed for 6.7 times. The Rights Issue in ratio of 1 : 1 share was issued in the year 1991. The present paid-up capital of the company is Rs. 6,00,00,000 divided by 60,00,000 shares of the Rs. 10/- each. The current number of shareholders is 9002 as on 31/03/2013. The net worth of the company as on 31.03.2013 is Rs. 1832.01 Lacs.

The Company has no borrowings and is a debt free company. Company uses its own capital resources in business of Hire Purchase and deploy surplus funds in Mutual Funds Units for better earning.