Apple Credit Corporation Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 241
Rank 254
Rank 295
Dividend Yield
Rank 73
Rank 426
Price To Book Ratio
Rank 194
Debt To Asset
Rank 295

Company Information

Apple Credit Corporation ACCL was incorporated on 28 Sep.88 as Apple Credits Corporation a public limited company in Madras. The name was changed to Apple Credit Corporation from 1 Jun.89.ACCL was promoted by Apple Industries formerly known as Apple Leasing and Industries. It is engaged in hire purchase leasing and other financial services. The company has already set up a branch/representative office network with adequate infrastructure to achieve business targets and to tap the public deposit market. T N Padmanabhan is the chairman of the company. ACCL came out with a public issue of 60 lac equity shares at a premium of Rs 20 aggregating Rs 18 cr in Nov.92 for its longterm fund requirements Rs 32.32 cr.To widen the scope of its services it has set up a project consultancy cell managed by experienced professionals in banking and institutional finance. ACCL has established a position of leadership in car finance and made significant progress in heavy vehicle finance in addition to corporate finance and trade finance. During the year 200001considerable effort was taken to find a strategic partner which has resulted in the chennai based Shriram Group confirming their interest in a merger with one of their group companies after the restructuring plan is approved by the lenders to the company.
OrganisationApple Credit Corporation Ltd