Essel Finance, the financial services arm of Subhash Chandra promoted Essel Group, has acquired majority stake in VKC Credit and Forex Services Ltd., The company name has been changed to “Essel Finance VKC Forex Limited”. The present management of the company will continue to run the business from Chennai.
Essel Finance is currently into Real Estate Private Equity, NBFC, Investment Banking and Distribution businesses and has a plan to create a large financial service conglomerate. With Essel Finance’s strategic investment, VKC will get formal strength & a very strong brand for retail acceptance and aims to become the No.1 Player in the Industry.
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