Optimus Finance to Incorporate Subsidiary Maximus Infra Ventures
Optimus Finance Limited has announced the incorporation of its wholly owned subsidiary, Maximus Infra Ventures Limited, with an authorized capital of Rs. 1,00,000. and is registered with the Registrar of Companies in Gujarat at Ahmedabad.
by Damodharan N
Updated Jul 12, 2024
Optimus Finance Limited announced the approval of its Wholly Owned Subsidiary, Maximus Infra Ventures Limited, by the Ministry of Corporate Affairs on July 11, 2024. The new entity, registered with an authorized capital of Rs. 1,00,000, will be wholly owned by Optimus Finance.
It aims to capitalize on opportunities in the real estate, infrastructure, and construction sectors. The subscription to the share capital of Maximus Infra Ventures Limited is 100% in cash.
This strategic initiative is expected to enhance Optimus Finance's operational flexibility and customer-centric approach, positioning it for sustained growth in these dynamic markets.
Maximus Infra Ventures Limited, a Related Party of Optimus Finance, will operate independently under arm's length terms, focusing on initiating business operations in India, registered with the Registrar of Companies in Gujarat at Ahmedabad.
Read the full Announcement Here
Optimus Finance
Optimus Finance Limited (OFL), formerly known as Transpek Finance Ltd., was established under the Companies Act, 1956, in 1991 with its headquarters in Vadodara, Gujarat, India.
Initially focusing on investment and trading in marketable securities and mutual funds, OFL later diversified its operations. It issued equity shares at a premium to the public in 1995 and is listed on the Bombay Stock Exchange (BSE).
Recognized as an RBI registered Non-Banking Financial Company (NBFC), OFL has expanded through subsidiaries like Maximus International Limited, which serves as a sourcing entity.
Optimus Finance to incorporate Subsidiary Maximus Infra Ventures - FAQs
1. What is Optimus Finance Limited?
Optimus Finance Limited (OFL) is a company formerly known as Transpek Finance Ltd., established in 1991 in Vadodara, Gujarat, India.
2. What does OFL focus on?
OFL primarily focuses on investment and trading in marketable securities and mutual funds.
3. When was Maximus Infra Ventures Limited incorporated?
Maximus Infra Ventures Limited was incorporated on July 11, 2024.
4. What is the authorized capital of Maximus Infra Ventures Limited?
The authorized capital of Maximus Infra Ventures Limited is Rs. 1,00,000.
5. How is Maximus Infra Ventures Limited related to Optimus Finance?
Maximus Infra Ventures Limited is a wholly owned subsidiary of Optimus Finance Limited.
6. Which sectors will Maximus Infra Ventures operate?
Maximus Infra Ventures Limited will operate in the real estate, infrastructure, and construction sectors.
7. What is the subscription method for Maximus Infra Ventures Limited's share capital?
The subscription to the share capital of Maximus Infra Ventures Limited is 100% in cash.
8. Where is Maximus Infra Ventures Limited registered?
Maximus Infra Ventures Limited is registered with the Registrar of Companies in Gujarat at Ahmedabad.
9. What are the expectations from this strategic move?
The move is expected to enhance Optimus Finance's operational flexibility and customer-centric approach.
10. How will Maximus Infra Ventures operate in relation to Optimus Finance?
Maximus Infra Ventures Limited will operate independently under arm's length terms from Optimus Finance.