The Company is a Public Limited Company, established in 1923 and registered in the state of Andhra Pradesh (Now Telangana State) and was formerly known as “The Andhra Bank Ltd.” Consequent to nationalization of the Andhra Bank on 15.04.1980, the Company’s name was changed to “Lakshmi Finance & Industrial Corporation Limited” and since then the Company was involved in Financial activities (Leasing, Hire Purchase, Bill discounting, Corporate Finance etc.,) and for some time (i.e. 1988 to 2002) in the manufacturing field (Manufacturers of PET containers and Injection Moulded Components). The Company is registered with Reserve Bank of India as Non Banking Finance Company (NBFC) as a “Non Deposit Taking Company”. Presently, the Company is a debt free Company and is involved in financial activities i.e., Loans, Investments in Equity Shares and Mutual Funds and Portfolio Management. The Company is also pursuing to diversify into manufacturing/service sector operations.
The Company has been continuously paying dividends since 1982 and issued Bonus shares in the years 1992, 1996 and 2009 and the Company’s paid up capital is Rs. 3 Crores with over Rs. 35 Crores reserves. The Company is now listed on the National Stock Exchange
Harish is B.Tech in Chemical Technology from Madras University, MS (Chemical Engineering) Washington University,St.Louis,USA and M.B.A.(Special Emphasis on Finance) St.Louis University, St.Louis,USA.
He is the current Managing Director of Lakshmi Finance & Industrial Corporation Ltd. He is also on the Board of companies such as The Andhra Printers Ltd, B.N.Rathi Securities Ltd, Green Park Hotels and Resorts Ltd, Kapil Motors Pvt Ltd etc.
He is also the Vice President and Governing Council member for Vignana Jyothi Educational Society. He has previously been the President of Federation of A.P.Chamber of Commerce and Industry(FAPCCI) as well as Chairman for Banking, Insurance & Finance Committee and Industrial Development Committee. He was also the Chairman of ITI Monitoring Committee.
Kapil is a BTech from JNTU, Hyderabad and MS in Industrial engineering from University of Illnois, Chicago.
He is the Managing Director of Kapil Motors Pvt Ltd and a Director at LFIC. Kapil Motors is the 3rd authorized dealers for Honda cars in Hyderabad. It currently deals with sale of new Honda cars and pre-owned cars, service of cars, Insurance and auto finance etc., From one showroom and workshop, they have now expanded to 6 showrooms and 3 workshops across the state of Telangana providing employment to 400 plus people.