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, there are 9 Directors on the Board, including 1 Retired Executive of Scale VII Cadre, 3 Retired Executives of Scale VI Cadre, 4 of Scale V Cadre, and 1 Retired well-experienced Scale III Officer.
The Authorized Capital of the Company is Rs.500.00 Lacs and paid-up capital is Rs.342.45 Lacs as of 31-03-2024 (which includes Equity Share Capital of Rs. 258.95 Lacs and Compulsorily Convertible Preferential Shares of Rs.83.50 Lacs)
The Company completed 33 years successfully as of 16.12.2023 and marching ahead to achieve new heights.
The Regd. & Administrative Office was shifted from Plot No. 4, 1st Floor, Andhra Bank Colony to 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 to facilitate our shareholders and the general public for utilizing the said facility.