The Kamal & Co. Group has been a leading business
group in the State of Rajasthan over the past 70
years, having been established in the year 1936 by
Late Shri Kamal Chandji Kasliwal. Over the past seven
decades, the group has traveled a long distance from
its humble beginning as a sewing machine shop to its
present avatar as a consortium of businesses having a
turnover of around Rs. 200 crores this year.
Benefiting
from the vision and guidance of its founder,
the Late Shri Kamal Chandji Kasliwal, the
group has made a successful presence in the
automobile and transportation sector in the
State, and is currently engaged in the
following businesses in the said sector:
1. Automobile dealership
-
Telco (passenger vehicles)
dealership in Jaipur and surrounding areas
-
Bajaj dealerships in Jaipur
(two franchisees) and Kota and surrounding
areas
-
Hyundai dealership in Kota
and surrounding areas
-
Honda cars dealership for
Udaipur and surrounding areas.
-
Telco (LCV) dealership in
Ajmer and surrounding areas
-
Handling agents for Bajaj
Auto Ltd. vehicles for the State of the
Rajasthan
-
Distributors for Bajaj Auto Ltd. spare parts
for the State of Rajasthan
2.
Automobile manufacture
-
Manufacturing units at
Jaipur and Kota, engaged in building vehicle
bodies for private players (e.g. Tata,
Mahindra) as well as government
organizations and specialty vehicles like
fire brigades, ambulances, etc.For more
information please visit www.kamalcoach.com
3. Garage
equipment manufacture
-
Have indigenously developed
and market the following equipment: under
the brand name of Kamex-
-
Vehicle lifts
-
Paint booths
-
Collision repair equipment
-
Lubrication equipment
-
Car parking systems
4.
Automobile finance
5. Petrol pump of
Bharat Petroleum Company Limited.
In keeping with
the changing needs of the times, the group has
now diversified into other sectors as well. In
particular, the group has made active forays
into the real estate, civil construction and
education sectors.
Kamal Autofinance Ltd Incorporated in the year 1994 as a finance arm to support our automobiles business, KAFL has long since grown beyond the needs of the other group companies and had succeeded in developing into a self-sustaining growth oriented company. The company is a registered NBFC and classified as a category ‘A’ financing company with permission to seek public deposits. The company’s strong goodwill and market repute has enabled KAFL to attract sizeable public deposits, which are currently at a level of Rs. 3.30 crores from around 600 customers. As a financing company, the company is engaged primarily in extending credit to individuals. The company has a diverse product range and provides a variety of loans, namely, vehicle loans, personal/cash loans, education loans, equipment loans and loans against property.
Recently, the company has also made a foray
into the microfinance sector.
In a short span of ten years, KAFL has grown considerably and has started to develop a pan-Rajasthan presence. In addition to its head office at Jaipur, KAFL now has branches at Kota and Jodhpur along with representative offices in other smaller towns of the State. Moreover, the company is also planning to open a branch in Ajmer shortly. Owing to a wide network, the company has successfully tapped the niche rural markets and this has enabled the company to grow rapidly. Last year, KAFL’s total lending was a little over Rs. 17 crores and this year the company is expected to lend in excess of Rs. 20.00 crores. The customer base of KAFL has also increased significantly and today we have approximately 6000 customers.
With sound fundamentals and a strong management team and lineage, the company is well positioned to successfully tap the booming finance sector. |
