- Business
- Jayabharat Credit Limited, an India-based non-banking financial company, engages in hire purchase and leasing activities, including financing trucks under hire-purchase schemes, leasing, and corporate financing; it previously operated in general insurance as a subsidiary of The New India Assurance Company Limited following nationalization in 1969. Incorporated on March 25, 1943, and headquartered at 19-20 Rajabahar Mansion, 4th Floor, 22 Mumbai Samachar Marg, opposite SBI Main Branch, Mumbai, Maharashtra 400023, India, the company historically paid uninterrupted dividends from 1970 to 2008 and was registered with the Reserve Bank of India as a deposit-taking non-banking finance company and Category I merchant banker under SEBI. Operations ceased in fiscal 2020, with the company deregistered as a non-banking finance company on January 13, 2020, resulting in no significant revenue generation or active business thereafter; recently, the Regional Director approved shifting its registered office from the state of Maharashtra to the National Capital Territory of Delhi, with a special resolution passed on September 29, 2023, and Form INC-28 filed.