Shree Investment & Finance Co Ltd. was incorporated in the year 1994 (2051 BS) by a group of eminent businessmen from Kathmandu , as a Financial Services Company and a Merchant Bank under the Nepal Finance Company Act, 1985 and the Nepal Company Act, 1964. The Company has been licensed by the Nepal Rastra Bank as “C” class Financial Institution to undertake finance services and merchant banking activities in the country.
The Company started its operations on June 01, 1995. (B.S 2051/03/22) with an authorized share capital of Rs. 6400 Lakh, issued capital of Rs. 2000 Lakh and paid-up capital of Rs. 1008 Lakh. In keeping with the growth targets, the company has kept increasing its capital base. Today, the Company has an authorized share capital of Rs. 6400 Lakh, issued capital of Rs. 10000 Lakh and paid-up capital of Rs. 3454 Lakh
SIFCO deposits are increased of 91.22 % to Rs 33122 Lakh at the end of financial year 2016-17(F.Y 2073/74) from the previous year figure of Rs. 17326 Lakh. The total loan & advances of the company also increased of 99.10% to Rs.29145 Lakh against Rs. 14638 Lakh of the corresponding period of the previous year.
SIFCO came out with its public issue in 2017. Total number of shareholders as on end of May, 2017 is above 3456 and the share has been listed in Nepal Stock Exchange.
The Company presently has 7 branch offices outside of Kathmandu valley and 1 Head Office in Kathmandu. The Company also plans to geographically spread out to other parts of the country in the near future.
Today SIFCO has prominently grown over the years, from Fixed, Recurring, and Saving Deposits to Loans & Advances. SIFCO has accomplished for itself a niche position in the Nepalese Financial Sector while firmly adhering to a policy of prudence and caution, company has been in the forefront of introducing various innovative products and services.
We will continuously be innovative and keep up with changes to satisfy investors, staff, customers, regulators and the people of the community we serve.
Together we deliver.