MAHA RASHTRA APEX CORPORATION LIMITED

The Company was incorporated as a Banking Company on 26.04.1943 under the Companies Act, 1913 in the name of Maharashtra Apex Bank Ltd by late Mr Upendra Anantha Pai who was also the founder of erstwhile Syndicate Bank ltd .Later in 1955 as per the advice of Reserve Bank of India the branches were transferred to M/s Canara Industrial and Banking Syndicate Ltd (Now known as Syndicate Bank). After refunding major Share Capital the Company was converted into a hire purchase Company and changed its name to Maha Rashtra Apex Corporation Ltd. Pursuant to the order passed by the Hon'ble High Court of Karnataka, a Company by name M/s General Investments Trusts Ltd was amalgamated with the Maha Rashtra Apex Corporation Ltd. This is one of the oldest Hire Purchase Companies and later it started involving into other financial activities.

Also known as: maha Rashtra Apex, Maha Rashtra Apex Corporation, Maha Rashtra Apex Corporation Ltd., Maharashtra Apex Bank Ltd

Primary location: Bangalore India