Kovalam Investment & Trading Company Ltd (KITCL), a Company incorporated under the Companies Act 1956 as a Public Limited Company on 28th, November, 1981 with the object of carrying on industrial finance & Investment Business.
The Company was originally incorporated at Mumbai in the State of Maharashtra. Subsequently in the year 1999, the registered office of the Company was shifted to Ludhiana in the State of Punjab vide CLB order dated 19.8.1999.
The Company is listed with the Bombay stock Exchange Limited (BSE Code 505585) and registered as a NBFC under the Reserve Bank of India (RBI), vide Registration No.N-06.00576 dated 17th October 2003, as Non Deposit taking Non Banking Financial Company (NBFC-ND). as per Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms Directions, 2007 of Reserve Bank of India.
The main business activity of the Company is to carry on the business of investment in shares, debentures, stock, bonds and securities of all kinds and other businesses generally carried on by finance and investment companies with investment activities with long term perspective. The Company is as well as earning brokerage income by mobilizing funds of the third parties in the capital market.
The Company is also doing the lending activities to avail the benefits of financial opportunities in the present market conditions and for the further growth and profitability of the Company.
The Company is committed to conduct its business in accordance with applicable laws, rules and regulations and highest standards of transparency. The Company has laid down the code of conduct for all its Board Members and Senior Managerial Personnel, which are duly complied by them.