The Company belongs to the well known House of Golechha's which has businesses in India, UK, and other countries in the world. Its London based Co. House of Golechha Ltd. deals in commodities and precious metals. Apart from this, Indian businesses include financing, leasing, constructing, and exports. Another Company Golechha Overseas Business Ltd. is building up business of exports from India. The House of Golechha's which is led by the London based NRI Mr. Ummed Chand Golechha and Madras based Mr. Devendra Kr. Golechha. The Group has wide spread links with reputed Businessmen and Industrialists both in India and abroad.

The company is managed by its Board of Directors consisting of eminent persons. The Company is presently active in the fields of lease, finance and investments. The demand for hire purchase finance of commercial vehicles and and Leasing of plant and machinery have been steadily increasing. In order to meet this increasing demand and at the same time to increase the capital base, the Board of Directors have decided to increase the share capital through a public issue.

MAIN OBJECTS OF THE COMPANY

The main objects of the company as detailed in its Memorandum of Association are as follows:-

1. To finance hire purchase requirements of movable and immovable properties of any kind, including buses, lorries, light commercial vehicles, ships, aircrafts and consumer durables of all kinds without conducting the business of banking as hire purchase arrangements for the purpose of acquisition of properly or assets of any description.

2. To provide long term finance, build, take on lease, purchase or acquire in any manner whatsoever any apartments, houses, flats, bungalows, raw houses, rooms and huts or other accommodation for residential use and to let or dispose of the same on any system of installment payment basis, rent, purchase basis, rent, purchase basis or by outright sale whether by private treaty or in any other mode of disposition all or any integral part thorough.

3. To carry on the business of purchasing and letting on lease or hire in any part of India or abroad all kind of machinery, plants, tools, jigs and fixtures, agricultural machinery, ships, trawlers, vessels, barges, automobiles and vehicles of every kind and description, computers, office equipments of every kind, construction machinery of all types and equipment of all kinds and descriptions and to render leasing, consultancy and advisory services to clients in the fields of equipment leasing.

4. To purchase, sell, develop, take in exchange, or on lease, hire or other wise acquire,whether for investment or sale, or working the same, any real or personal estate including lands, mines, business, building factories, mills, houses, cottages, shops, deposits, warehouses, machinery, plant, stock in trade, mineral rights, concessions, privileges. licenses, easement or interest in or with respect to any property whatsoever for the purpose of the company in consideration fora gr~ss sum or rent orpartly in one way and partly in the other or for any other consideration any to carry on business as proprietors of flats and buildings and to let on lease or otherwise apartments therein and to provide forthe conveniences commonly provided in flats, suites and residential and business quarters.

INCIDENTAL OR ANCILLARY OBJECTS OF THE COMPANY

1. To lend out, deposit, invest and deal with the monies of the company not immediately required in such manner and upon such terms as may be from time to time be determined by the Directors.

2. To purchase or otherwise accquire shares of other companies or debenture or debenture stock or other stocks of the companies carrying on similar business or business analogous to the objects of this company or any other company and to retain the same or dispose of or deal or sell the same or part thereof as may be advantageous to the business or interest of the company.

C. SUBSIDIARIES OF THE COMPANY

At present the Company does not have any subsidiary.

2007 -Company has created email id for Investor Grievances like golechha1@dataone.in.

2014

-Shifting of Registered office from the State of Tamil Nadu to the State of West Bengal (3A, Garstin Place, Kolkata - 700001, West Bengal, INDIA)