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Siliocon
Valley Infotech Limited was originally incorporated
on 29th August, 1983 under the Companies Act,1956 with
the name Prashant Food Products & Holdings Limited
under the Registrar of Companies New Delhi. The Company
obtained its Certificate of commencement of business
on 23rd September,1983.The name of the Company was changed
into Prasant Global Finance Limited in the year 1985
& finally to Silicon Valley Infotech Limited in
the year 1998.The company shifted its Registered Office
from New Delhi to its current location in Kolkata in
the year 1995.
The Company is engaged in the business
of granting loans & advances and investment in shares
& securities. As a part of the diversification programme
the Company had set up 2.46 MW Wind farm project at
Kayathar in Tamilnadu. Elmostate Electron Limted and
Arihant Investment Trust Limited, two companies that
were engaged in the business of investment in share
and securities and advancing of short term financing
were amalgamated with the Company. To part finance the
diversification programme the Company made a public
issue in Feb’ 96.
The present Authorised Share Capital
of the Company is Rs.205000000/- of Re. 1 each. The
Paid-up and Issued Share Capital is Rs.12,96,80,000/-
and face value is Re.1/- per share. The Shares of the
Company are listed with CSE, NSE and BSE.
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