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Company Profile of Salem Erode Investments Ltd.
Company Profile of Salem Erode Investments Ltd.

History

Our Company was incorporated as Salem Erode Electricity Distribution Limited a Company Limited by shares on 16/05/1931 as a public limited company in the State of West Bengal Kolkata under the Registrar of Companies, West Bengal. Subsequently the name of the company was changed to "Salem Erode Tea & Investment Co. Limited" in the year 1975 and to "Salem Erode Investment Limited" in the year 1992 and the fresh Certificate of incorporation was duly issued dated 28th November, 1975 and 24th of July 1992 respectively. The company got listed in Madras Stock Exchange Limited having ISIN :INE894E01010.

The Corporate Identification Number of our company is. L31200WB1931PLC007116

The Company was incorporated to acquire tea gardens. grow. raise, tend and cultivate tea. coffee, cinchona, rubber and to carry on the business of tea planters in all its branches, to carry on and work the business of cultivators, winners and buyers of every kind of vegetable, other produce of the soil, to prepare manufacture and render marketable any such produce, and to sell, dispose of and deal in any such produce, either in its prepared, manufactured or raw state, and either by whole- sale or retail.

 

OUR PRESENT ACTIVITIES​

Salem Erode Investments Ltd is a dedicated finance company where we sincerely serve to help you in every possible manner to secure your future financially; we also try to help you in your financial crisis. Our strong values; faith, depositor’s confidence, institutional trust, employee loyalty are the pillars of our success and these have always helped us to share a stronger bond with our every individual consumer, thus every individual associated with us has never considered any alternative instead of us as their financial adviser because we believe this is a family we are taking care of and every member is important to us.

 

Board Committee:

The Board of Directors of the company consists of Executive Directors, Non-Executive Director and Independent Directors. The composition of the board meets the requirement of the Section 149 and 152 of the Companies Act, 2013. The composition of the Board of Directors of the company is shown below.

DIN/DPIN/PAN Name Designation Category
00291954 Ashok Kumar Hamirbasia Managing Director Executive, Non Independent
00789030 Sunil Kumar Kanoria Director Non-Executive, Non-Independent
06915283 Prashant Gupta Director Non Executive-Independent
00291853 Viswa Nath Purohit Director Non Executive-Independent
02085802 Ravi Kumar Shah Director Non Executive-Independent
07412983 Ekta Goswami Additional Woman Director Non Executive-Non-Independent
ABSPH9669K Abhishek Hamirbasia CFO -
BXEPS6275D Sanchita Sinha Secretary -
Audit Committee

In order to give effect to requirement of section 177 of the Companies Act, 2013 and the Rules made there under and Regulation 18 of SEBI( Listing Obligations and Disclosure Requirement) Regulation 2015, your company has constituted audit committee which shall comprise of Non-Executive Director and Independent Directors, majority being Independent Director.

The composition of the audit committee of the company is:

Name Category Designation
Vishwa Nath Purohit Non Executive Independent Director Chairman
Prashant Gupta Non Executive Independent Director Member
Ravi Kumar Shah Non Executive Independent Director Member
Nomination And Remuneration Committee

In order to give effect to requirement of section 178 of the Companies Act, 2013 and the Rules made there under and Regulation 19 of SEBI( Listing Obligations and Disclosure Requirement) Regulation 2015 your company has constituted Nomination and remuneration committee which shall comprise of Non-Executive Director and Independent Directors, majority being Independent Director.

The composition of the audit committee of the company is:

Name Category Designation
Vishwa Nath Purohit Non Executive Independent Director Chairman
Mr. Prashant Gupta Non Executive Independent Director Member
Ms. Ekta Goswami Non Executive, Woman Director Member
Stakeholders Relationship Committee

In order to give effect to requirement of section 178(5) of the Companies Act. 2013 and Regulation 20 of the SEBI( Listing Obligations and Disclosure Requirement) Regulation 2015, your company has constituted Stakeholders Relationship Committee which shall comprise of Non-Executive Director and Independent Directors, majority being Independent Director.

The composition of the Stakeholders Relationship Committee of the company is:

Name Category Designation
Mr. Rajiv Kumar Shah Non Executive Independent Director Chairman
Mr. Prashant Gupta Non Executive Independent Director Member
Ms. Ekta Goswami Non Executive, Woman Director Member