KMF Ltd. Company History and Annual Growth Details

The Company was incorporated on 14.1.1986 as a Private Limited Company in the name KUKU FINANCE AND TRADING PRIVATE LIMITED in the Union Territory of Delhi. Subsequently it was converted into a Public Limited Company on 6.12.88 and the name of the company was changed to KUKU MOTOR FINANCE LIMITED.

The Company since its corporation is primarily engaged in providing hire purchase finance for commercial vehicles, plant & machinery, equipment, two wheelers and consumer durables. The transport and construction sectors of the Indian economy are the major segments of the Company's business activities. Finance of two wheelers and consumer durables is extended to group of employees of corporate, institutional and government undertakings, with repayments being effected by way of deduction at source from salaries. The company also undertakes leasing of plant and machinery to a limited extent, mainly to corporate clients. Currently the Company is not carrying any other business.

a) Leasing : Equipment and machinery leasing is emerging as an attractive alternative proposition in place of mere borrowing. It is economical and less time consuming to raise finance from Leasing Companies besides significant advantages accruing to the lessees. Leasing also helps the Company as a Tax-shelter.

b) Hire Purchase and Consumer Credit: The Company will extend Finance under the Hire Purchase system for a wide range of consumer durables like Televisions. Refrigerators, Air-conditions. Two and Four wheeler vehicles,office equipment and other utility items for professionals and self employed people.

c) Factoring: Working Capital requirements are met with finance against receivables. This service will be extended to customers approved on selective basis.

The Company as a diversification measure is shortly embarking on profitable areas like Bill discounting and Factoring.

During 1994, the company's name was changed to K M F Limited.

2000

- KMFL has set up a new asset reconstruction division to offer
recovery management services to players in the financial services
industry.

2012

--Registered Office of the Company has been shifted from "2/316, Subhash Nagar, New Delhi-18" to "1007, Vikram Tower, Rajendra Place, New Delhi - 8".

2013

-KMF officially launched Mobile Milk Testing facility for creating awareness about the quality of milk consumed and detecting adulteration of milk .

-The Inaugural function of "KSHEERA BHAGYA", -the innovative and prestigious program of distributing milk to school and Anganwadi children by the Karnataka Government was organized by Karnataka Milk Federation in association with Lower and Higher Education Department, Women and Child Department of Karnataka State.

2014

-Nandini Milk Powder worth of Rs. One Crore was sent to Jammu-Kashmir as flood relief material.

-KMF has been launched a Nandini Special Milk.

-Nandini Milk Sales started in Chennai.

-Declaration of Incentive of Rs.0.20 paise per litre milk procured to DCS Staff by Karnataka Govt.

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