Ozone World Limited was originally incorporated as Private Limited Company on 5th October, 1989 in the name of “AnandElefin Private Limited” as per Certificate of Incorporation issued by Registrar of Companies, Gujarat. Subsequently the Company was converted into Public Limited Company on 20th October, 1994 as “AnandElefin Limited”. The name of the Company was subsequently changed from AnandElefin Limited to “Anand Lease and Finance Limited” on 20th October, 1994. The name of the Company was further changed from Anand Lease and Finance Limited to “Ozone World Limited” on 5th September, 2013 vide Certificate of change of name issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli.
The Company was incorporated to carry out the business activities related to hire purchase, leasing and finance. The Company came out with the public issue of 25,00,000 Equity Shares of Rs. 10/- each at par in the year 1996. The Company got listing of its equity shares on Ahmedabad Stock Exchange Limited and Jaipur Stock Exchange Limited in 1996. The Company obtained its Certificate of Registration No. 01.00227 dated 27th April, 1998 from RBI to carry on the business of Non-Banking Financial Institution under Section 45-IA of the Reserve Bank of India Act, 1934.
In September, 2008, the company was taken over by the present promoters Mr. Jayeshkumar Patel &others in compliance of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997. After takeover of the Company, the main objects of the Company were altered to carry out the business activities related to real estate and trading of goods. Further the Company has voluntarily surrendered the registration of Non-Banking Finance Company (NBFC) to Reserve Bank of India and accordingly, the Reserve Bank of India had cancelled the said registration in February, 2013.
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The Board of Directors is the single governing body of the Association and actively promotes the objectives of the Association.
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