ICDS Ltd was incorporated on 21-10-1971 under the Companies Act, 1956 as Industrial Credit and Development Syndicate Ltd. Since the said name was felt to be too long and large number of shareholders, depositors and other clients had got accustomed to call the Company as ICDS, the name of the Company was officially altered to ICDS Limited, w.e.f. 11-12-1992.This Company is the successor of erstwhile Syndicate Bank Ltd. After Nationalisation of Syndicate Bank on 19th July, 1969, this Company was formed by using the compensation amount received from Govt. of India.
Board of Directors
Presently, the Board comprises of seven Directors who are eminent personalities with experience in the fields of Banking, Administration, Business Management, Finance and Education.Read More
The Company was registered as a NBFC with Reserve Bank of India and right from the beginning of its incorporation the Company was engaged in Hire Purchase, Lease Financing,Read More
The Authorised Capital of the Company is Rs.50,00,00,000/- (Rupees Fifty Crores only) divided into 3,50,00,000 (Three Crores Fifty lakhs) Equity Shares of Rs.10/- each and 1,50,00,000 (One Crore fifty lakh)Read More