BANKING TRADE AND COMMERCE

PRIVATE  LIMITED COMPANIES

Private Limited Companies.—Till the forties, there was not a single joint stock company' (limited), run privately in Satara District. The first, and perhaps, the oldest company was the Satara Electric Supply Company, Private Ltd., registered as far back as 1933. At present, there are 26 Private Limited Companies, working in the district. Except two companies which were registered before the outbreak of the Second World War, all the companies were started during and after the War Period, in Karad, Phaltan, Satara and Koregaon. A classification of the existing companies according to the nature of business they transact shows that of the 26 companies, five companies were covered by the manufacturing group, eight by the trading concerns, four by the: transport companies, four by the Public Utility concerns and the rest by the miscellaneous group consisting of such companies as the money-lending, investment and insurance companies.

The following table gives in detail the break-up of these companies classified according to the nature of business they transact.

The total paid-up capital of all these companies amounted to Rs. 13,00,510, while their authorised capital was Rs. 41,65,000 by the end or the year 1958. Most of the companies had sold ordinary shares. The total of ordinary shares amounted to Rs. 35,66,000 during the same year. The other types of shares, viz., preference, deferred and undeferred, it seems, had limited demand in the money market.

Public Limited Companies,.

Public Limited Companies.—By the end of 1958, there were twelve Public Limited Companies in the Satara district. These companies do not include the joint-stock banks, which are described else- where. Likewise they do not include the investment trusts. The Western India Life Insurance Company Ltd., Satara, was the oldest and perhaps the biggest of all Joint-Stock Companies in the district. It was registered in 1913 and is now merged in the Life Insurance Corporation. As regards other Companies, they were registered either prior to or after the Second World War.

A classification of the existing Companies, is given below. The bulk of them fall under the manufacturing group.

Classification of the Public Limited Companies: —

The paid-up and the authorised capital of these companies amounted to Rs. 38,41,487 and Rs. 1,70,50,000, respectively. The manufacturing concerns had the lion's share of it.

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