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Data is not available for this company
Zuari Forex Limited (ZFOL), a Hede Business Group company, was incorporated in 1996 as a 100% subsidiary of Zuari Finance Ltd. with an objective of developing the foreign exchange business of the company due to certain restrictions imposed by Reserve Bank of India. The first location was started at Colaba, Mumbai and has since grown into a multi-branch company.
Hede Business Group (HBG). HBG is one of the leading business houses from Goa with business interest in Mining, Shipping,
Hede Business Group (HBG). HBG is one of the leading business houses from Goa with business interest in Mining, Shipping, Properties & Resorts, Travel & Related Services, Financial & Forex Services
It was decided by the Board of Zuari Finance to merge Zuari Forex Ltd., with itself as it wanted to focus on the growth and development of its foreign exchange business that had been growing at a rapid pace. It was also felt that that the foreign exchange division would greatly benefit from the larger capital base that would be made available consequent to the merger of Zuari Forex Ltd. and Zuari Finance Ltd. The merged entity has been named Zuari Forex Ltd. consequent to completion of the merger, as the principal activity is foreign exchange, which would be carried on along with the other activities of the company.
Zuari Finance Limited (ZFL) was incorporated in the state of Goa on 10th of June, 1988 with the primary objective of rendering various financial services to the Industry and Trade.
The company has embarked on a plan to increase its presence by setting up a network of branches all over India. At present, it has five branches in Mumbai viz Colaba, Andheri, Bandra, Malad and Mahape and three in Goa at Candolim,Panjim and Tonca. All the branches are well equipped with latest infrastructural facilities.
The company has an ambitious plan to increase its branch network by opening new branche in Deccan, Pune and Bangalore to cater to the needs of corporates especially software companies and MNCs along with High Networth Individuals in such locations.
Business area of the company includes: