Kuber Udyog Limited was incorporated on November 25, 1982 under the Companies Act, 1956 (replaced with the Companies Act, 2013) in the state of West Bengal, India and obtained the commencement of business certificate on December 2, 1982. In the month of February, 1983, Kuber Udyog Limited issued 150,000 equity shares of Rs. 10/- each at par to the public within the exemption limit of Rs. 5,000,000 under the Capital Issue (Exemption) Order, 1969. Consequently, the equity shares of Kuber Udyog Limited were listed on the Calcutta Stock Exchange Association Limited (scrip code 21168).
Kuber Udyog Limited is a financial institution as defined under Section 45-I(c) of the Reserve Bank of India Act, 1934 (non-deposit taking, non-banking finance company) and has obtained a certificate of registration from the Reserve Bank of India to carry on the business of non-banking financial institution as required under Section 45-IA of the said Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to financial soundness of the company or correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/ discharge of liabilities by the company. The paid-up equity capital of Kuber Udyog Limited has been increased to Rs. 34,330,000 in the month of December, 2014 to meet the minimum Net Owned Fund requirements prescribed by the Reserve Bank of India in its circular DBNR (PD) CC. No. 002/03.10.001/2014-15 dated November 10, 2014.