Fair Practice Code | Estd. 1978 | Registered with R.B.I
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Deccan Finance has grown over the past decades on the foundations of dedicated customer service, fair business practices, and efficient, safe and trusted financial policies. The Company was started on 2nd November 1978 with an extensive business on Asset Financing. The Company is having Business presence at Chennai, Aurangabad, Nashik, Nanded, Solapur and Walajabad. The Company is being managed by the Managing Director, Deputy Managing Director and Executive Director under the supervision of the Board.
NAMES, ADDRESSES AND OCCUPATIONS OF DIRECTORS:

NAMES

ADDRESS

OCCUPATION

1.Mr.P.Bhandari

chairman

New No.75, Nungambakkam,

High Road,

Chennai 600 034.

Businessman

(Formerly member of Indian Revenue Service)

2. Mr. Kailashmull Dugar

Managing Director

M/s. Kesavardini Products,

16, Arcot Road,

Chennai- 600 087.

Industrialist

3. Mr. Sanjay Bhansali

Deputy Managing Director

38, Audiappa Naicken Street,

Chennai- 600 079.

Businessman

4. Mr. Dileep Bhandari

Executive Director

New No.75, Nungambakkam,

High Road, Nungambakkam,

Chennai – 600 034.

Businessman

5. Mr. Surendra M. Mehta

Managing Trustee,

M/s. Mehta Jewellery,

No.43, C. P. Ramasamy Road,

Alwarpet,

Chennai- 600 018.

Jeweller

6. Mr. K. V. Ramana Shetty

M/s. G.K.Shetty Builders (P) Ltd.

2, Club Road,

Chepet,

Chennai 600 031.

Engineer- Builder

7. Mr. P. S. Balasubramaniam

Independent Director

52, Ankur Grand,

252, Poonamallee High Road,

Kilpauk,

Chennai - 600 010.

Retired

The Profits of the Company before and after making provision for tax and Dividends declared by the Company for the three financial Years immediately preceding the date of advertisement. (Amount in Rs.)

Year Ended

Profit Before Taxation

Profit After Taxation

Dividend Declared P.A.

31.03.14

1,37,42,224/-

81,85,439/-

12%

31.03.15

1,96,38,740/-

1,42,57,624/-

12%

31.03.16

1,22,54,797/-

76,07,187/-

12%

Note:
  • The Public Deposits held as on 31st March, 2016 is Rs. 8,56,78,000/-.
  • The Company is not accepting any fresh Fixed Deposits. It is refunding the existing Deposits on maturity.
  • There are no Contingent Liabilities.
  • In case of non-repayment of the deposit or part there of as per the terms and conditions of such deposit, the depositor may approach the Chennai Bench of Company Law Board whose full address is given here under:

    COMPANY LAW BOARD, Chennai Bench,
    Corporate Bhawan (UTI BUILDING)
    3rd Floor, No.29, Rajaji Salai
    Chennai – 600 001.

  • In case of any deficiency of the Company in servicing its deposit, the depositor may approach the National Consumers Disputes Redressal Forum, the State Level Consumers Disputes Redressal Forum or the District Level Consumers Disputes Redressal Forum for relief.
  • "The company is having a valid Certificate of Registration no. 07.00268 dated 05.05.2009 issued by the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company".
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