Manipal Finance Corporation Ltd (MFCL) is a non-banking financial company (NBFC) promoted by the Pais family of Manipal, involved in hire purchase, leasing, and insurance agency, but its primary current activity focuses on recovering dues and settling investments, with efforts to refund unclaimed funds to investors. Though it once expanded, its business faced losses, leading to a current focus on debt recovery rather than major new lending. It is publicly traded (BSE: 501685), and its share performance and financials are tracked by various financial sites, though it's distinct from the larger, unrelated Manipal Education and Medical Group (MEMG).YEAR EVENTS1984 - The company is incorporated on 29th March. The Company obtained the Certificate for Commencement of Business on 24th April. It was promoted by the Pais of Manipal engaged in the business of hire purchase, finance and leasing of industrial and commercial goods and vehicles, general finance, agency, guarantee and indemnity. 1985 - 2,00,000 shares subscribed by promoters etc. 1986 - 8,00,000 shares issued at par of which 2,00,000 shares were reserved and allotted to promoters, directors, etc. and business associates. Another 40,00,000 shares were reserved and allotted on a preferential basis to employees of the Company. The remaining 5,60,000 shares offered to the public in July. 1989 - The Company transacted hire purchase business to the extent of Rs 10.19 crores. 1990 - 2,700 forfeited shares either reissued or forfeiture on them annulled. 5,00,000 rights shares issued at par in prop. 1:2 (all were taken up). Simultaneously another 25,000 shares issued at par to employees of the company (only 17,080 shares taken up). 1992 - During January, the Company issued 10,11,387 Rights equity shares of Rs 10 each for cash at a premium of Rs 5 per share in proportion 2:3 (all were taken up). Additional 1,51,708 shares were allotted to retain oversubscription. - Another 50,569 No. of equity shares of Rs 10 each at a premium of of Rs 5 per share were offered to the employees on an equitable basis (only 26,159 shares taken up). Unsubscribed portion of 24,410 shares was allowed to lapse. 1994 - 13,53,167 No. of equity shares allotted as rights at a premium of Rs 5 per share in prop. 1:2. 1995 - The Company allotted 26 lakhs warrants of Rs 19 each on preferential basis to promoters and their associates. These are convertible into equity shares of Rs 10 each at a premium of Rs 9 per share. - The Company allotted 5,00,000-17% cumulative redeemable preference shares of Rs 10 each on private placement basis. These are redeemable at par after 12 months but not later than 5 years from the date of allotment at the option of the holder.2008-The company has designated E-mail ID for Investors Complaints: tnmpai@mfgroupco.com