SHORT HISTORY(ALFASTAR INDIA NIDHI LIMITED)
We are a mutual benefit company where only members can transact business. The company has the approval (NDH-4 Form Pending) from Govt., of India, Ministry of Corporate Affairs. Activities of our company are closely monitored and controlled by the Department of Company Affairs (Govt. of India). Like all financial institutions, we comply with all necessary operating guidelines such as Capital Adequacy, Statutory Liquidity Ratio, and Asset Classification and Income Recognition. We offer attractive interest rates for all types of deposits. We can lend only against the security of gold, against our fixed deposits, LIC policies, government securities/bonds and property mortgage loans.
At present working of the Company is under the direct supervision and responsibility of 3 Directors. Our Directors have strong competencies in finance and business administration, including senior accountants, senior advocates, Ex. senior Officers from banks and other departments, leading businessmen and industrialists.