The company was incorporated as a Private company on July, 28, 1993 under the Companies Act, within the jurisdiction of Registrar of Companies, Delhi & Haryana. The company subsequently converted into a Public Limited Company and the name was changed to “Parnami Credits Limited” vide a fresh certificate of incorporation dated 16th May 1995 issued by the Registrar of Companies, Delhi & Haryana. The Company issued an initial IPO for 27, 50, 000 shares of Rs 10/- each at par vide prospectus dated July 15, 1996. Subsequently, the Company has been listed on the Bombay Stock Exchange in 2013. The Registered office of the company has been shifted to Mumbai in 2017.
The current Board took over the company through a public offer and preferential allotment., The Registered office of the company was shifted to Navi Mumbai in Sep 2018.
The company is classified as Category ‘B’ Non-Banking Financial Institution by the Reserve of India, wherein it is permitted to carry on the business of a Non-Banking Financial Company without accepting deposits from the general public.
To be the company in India which provides financial services with the highest standards of ethics and professionalism. A firm which is known to be just, fair credible and efficient. To have humility in our dealings and equitably balance the needs of our customers and stakeholders. To grow consistently, whilst providing security and satisfaction to our personnel and to constantly provide a return to our investors.