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ICDS Ltd

NSE: ICDSLTD BSE: 511194

₹42.99

(2.67%)

Thu, 25 Jun 2026, 02:51 am

Company History

1971

  • The company was incorporated.

1990

  • Company opened branches at Delhi and Margao.

1991

  • Company opened branches at Mysore and Salem.
  • Company received membership of the Over the Counter Exchange of India Ltd. (OTCEI).

1992

  • Company opened branches at Shimoga and Thodupuzha.
  • The Company received Merchant Banking License.
  • The Company's 3 Star Hotel 'The Central Park' at Bangalore commenced its operation.

1994

  • Company opened branches at Ponda, Vasco, Anantapur, Guntur and Shirva.
  • The Company activated its Merchant Banking operations.
  • Formalities regarding disinvestment of shares of Blue Cross Builders & Investors Limited were completed.
  • The total disbursement on hire purchase, lease and bills was Rs.151 crores.

1995

  • Company opened Gurgaon branch in Haryana and branches at Puttur, Belthangady, Honavar, Sullia and Byndoor.
  • The total disbursements on hire purchase, lease and bills was 169 crores.
  • Authorised capital was raised by Rs. 15 crores by creation of 1.5 crores Fixed Dividend bearing Cumulative Redeemable Preference Shares of 10 each.

1996

  • Company opened branches in Belthangady, Brahmavar, Byndoor and Nellore.
  • The company's management brought in KMPG to help define the Company's focus areas.

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