A Few Words
About us
ABREPOSE FINANCIAL AND TECHNICAL SERVICES LIMITED was incorporated as a Public Limited Company, under Companies Act, 1956. The Company was registered with ROC, Hyderabad (No. 013572) on 16.12.1991, and commenced operations in December, 1992. The Registered Office of the Company is located at “SRINIVASAM”, 16-11-16/184, 2nd Floor, SRIPURAM COLONY, MALAKPET, HYDERABAD – 500036, Telangana State.
The Company was promoted by the RETIRED EMPLOYEES of e-ANDHRA BANK. The acronym “ABREPOSE” stands for “ANDHRA BANK RETIRED EMPLOYEES’ PROJECTS OF SELF ENGAGEMENT”.
The broad objectives of the Company are to organize the Retired Employees to channel their energies and to utilize their EXPERIENCE, EXPERTISE and EXPOSURE to various fields in Banking Activity for productive purposes and to create post-retirement vocational opportunities for them.
The Company was registered as NBFC with RBI, Hyderabad under RBI Act, 1934 (No. B-09.00379 dated 13.12.2001) to carry on business as NON-DEPOSIT TAKING, NON-SYSTEMICALLY IMPORTANT COMPANY. The Activity of the company is lending as well as providing technical and financial services.
Management of the Company: The Management of the Company rests in “RETIRED EMPLOYEES OF “e-ANDHRA BANK”. At present 10 Directors on the Board which include 1 Retired Executive of Scale VII Caddre, 3 Retired Executives of Scale VI Cadre, 4 of Scale V Cadre, 1 Retired Law Officer and Practicing Advocate, 1 Retired well-experienced Scale III Officer.
The Authorized Capital of the Company is Rs.200.00 Lacs and paid-up capital is Rs.199.77 Lacs as on 31-03-2023 (which includes Equity Share Capital of Rs. 116.27 Lacs and Compulsorily Convertable Preferential Shares of Rs.83.50 Lacs)
The Company completed 30 years successfully as on 16.12.2021 and marching ahead to achieve new heights.
The Regd. & Administrative Office was shifted from Plot No. 4, 1st Floor, Andhra Bank Colony to a decent and spacious premises at “SRINIVASAM”, 16-11-16/184, 2nd Floor, SRIPURAM COLONY, MALAKPET, HYDERABAD – 500036 on 29.12.2021.
Started Gold Loans on 19.02.2022 with a view to facilitate our shareholders and general public for utilizing the said facility.