The main objects and activities of Jayabharat Credit Ltd (JCL) being investment and finance, hire-purchase and leasing it used to underwrite all kinds of general insurance business till Dec.'1987. It started hire-purchase and financing activities since May 1989. From 1981, the company commenced leasing operations. In 1988, the company ceased to be a subsidiary of New India Assurance company. _x000D_ _x000D_ During 1990-91, the company acquired its present name from Jayabharat Credit & Investment Company. In 1995-96 company secured registration from SEBI to act as Category I Merchant Banker. In 1996-97 the company got the rating 'MA' from M/s ICRA Ltd which denotes adequate safety i,e timely servicing of interest and principal._x000D_ _x000D_ During the year 1999-2000, the company promoted Jayabharat Automobiles Ltd jointly with the Motor & General Finance Ltd with equity participation._x000D_ _x000D_ The Company's Capital Adequacy Ratio is 30.35% as against the minimum requirement of RBI's 12% as on March 2001._x000D_