ARUN GOENKA Chartered Accountant, is the Chairman, main promoter and majority stake holder in the Co.
We have been in the business since 1986. First in the name of UDIT FINANCE AND MANAGEMENT CONSULTANTS PVT. LTD. and subsequently as ANG was incorporated in 1991 as a Private Ltd Company and subsequently became a Public Limited Company in 1995. Ever since its incorporation, ANG has been the main Company of the Group. ANG, although a Public Limited Co. is a closely held company and is not listed on any Stock Exchange. We at ANG have set service industry as our focus area for growth.
As of now the entire revenue is generated by financial services although in future we do propose to grow in other related areas e.g. agencies and other service oriented Industries - hospitals, hotels, travel etc.

THE GOAL

a) To ascertain and anticipate our clients' needs,
b) To meet the needs in a professionally competent way,
c) To steadily grow and develop our professional resources and competence; and
d) To contribute to growth of the economy.

THE HISTORY AND ACHIEVEMENTS:

We entered the field of Financial Services in 1986, much before the mushrooming growth of Financial Consultants in India. Until ANG Resources was incorporated, we were working under the name & style of Udit Financial & Management Consultants (P) Ltd. At one time we had offices in all the major metros e.g. Calcutta, Bombay (Mumbai), Delhi, Madras (Chennai) and Bangalore, apart from associates in various other stations. However, in this phase of Consolidation & down sizing we have closed our Chennai, Bangalore and Delhi offices and are now managing through associates at these places apart from our own offices at Calcutta, & Mumbai.

 

1986 Entered the field of Financial Services.
1987
  • Emerged as one of the major broker for large fixed Deposit Mobilisation.
  • We structured an innovative investment deal for shares of TISCO to gain the triple advantages of 
    (a) Discount at which Rights shares are normally issued.
    (b) The then prevailing difference in new and old shares and 
    (c) Badla income.
 
1988 Project Financing & Consultancy assingnment successfully executed.
 
1989
  • We believe, we organised the first Khoka( Debt paper) buy-back in India, much before the big players -- Citibank ,Grindlay's Bank etc., entered the fray.
  • Managed Investor Service Center for a large public issue.
  • Assisted in marketing a public issue, including press and broker conferences.
 
1991 Was very active in organising promoter funding for rights & public issues.
1992 Started Fund based activity mainly Leasing & Bill Discounting.
 
1993 Emerged as one of the major brokers for Lease Syndication.
1994 Developed a product for Short term investment in public issue and acted as Portfolio Advisors to many companies of repute.
1995 The Company became a Public limited Company
1997 M & A activity started. Successfully organised takeover of a  - 30 crores pharma company