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1.60 

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Lloyds Group Reviews

Lloyd's finance
Jan 18, 2002 07:49 PM 4349 Views

This co started with a bang few years back & started piling up funds in fixed deposits from mostly middle class people trying to earn little high interest than bank not envisaging at that time what lies in the future where they have to face the woes of loosing the principle amount itself.


Funny side is that the authority who is supposed to monitor disbursement of the fund accrued has very soft attitude towards the management of this co & time & again helps them to change the policy on refund to suit the management totally disregarding the woes of common public.This immensely helps the management of this co to find out ways in making delays in paying back the principle amount.


It is really shameful to even discuss that with so much of rules & regulations we allow this type of mismanagement to go scot free & do not care about common public whose hard earned money is swindled by some vested interests who enjoyed free money & may be still enjoying the same in some form.


Remember Lloyds Finance...
Jan 18, 2002 12:08 AM 4263 Views

I think there were a host of companies which decamped with billions of public mony starting right from CRB Caps to Anubhav Plantation to Hoffland FInance. AS we all know the legal system in India is so lax that almost everybody goes scottfree. CR Bhansali for your information was released on bail and so on...


Now coming to Lloyds Group, it has floated a finance company by the name of Lloyds Finance during the time of boom in NBFC's and leveraging on the name of this Truly International group collected crores of Public Money. A few years back the company ran into problems and found itself in no position to repay the fixed deposits that it had taken from general public. There are thousands of investors who are still waiting for their money from this company. Fortunately some formula was reached and a time frame ranging from one year to five year(post maturity) was set up in congruence with the legal authorities, but then if you cannot access your money you need it the most then its as good as lost.


I feel the group is far from being international, its really unprofesssionally managed lala firm.


Bangalore India
Lloyds Group-Truly International
Jan 17, 2002 11:08 PM 3322 Views

Lloyds group as I know since my service with various firms at Delhi,Mumbai,Bangalore is very good, Highly rated, most reliable,


Later in l992 when I went abroad to do my Doctorate at Netherlands, I had the oppurtunity of meeting and interacting with Lloyds of London.


But they should have taken little care in financial line, they were doing good till l996, they should have continued the same Finance line(especially financing/structuring insfrastructure projects, suppliers credit etc.,)


I deffinetly rate the company the BEST.


I wish to associate with the company if at all I fit into their requirement and join hands with Lloyds making it truly International, customer repulsive and best rated among the first l0 Globally.


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Over ambitious ?
Mar 08, 2001 03:13 PM 7057 Views

Irrespective of the official hype -hoopla, and glitzy corporate brochures and fancy web-site, the real story of Lloyds group is well known in the steel industry. This is known as Mama(RNAgarwal) Bhanja (Mukesh Gupta) group.


Firstly, this Lloyds group has got nothing to do with the internationally well known insurance giant of Lloyds.


Secondly, they have nothing to do with another famous Lloyds group of Punjs which includes Fedders Lloyd, Lloyd Insulations, Punj-Lloyd etc.


Guptas have been Bombay based steel traders. Mukesh Gupta supposedly a friend of Ambanis, started a steel fabrication unit, mainly taking mechanical fabrication and erection jobs for Reliance in early 80's. There was plenty of money to be made.


Mid 80's Steel Ministry suddenly decided to create sheet galvanising capacity in private sector (hitherto banned ) supposedly to take care of Bokaro CRM commissioning, and the extra capacity. Guptas


managed to corner the galvanising line licence issued to SICOM,(thanks to the suddeen change in Maharahtra Govt) and floated a joint venture unit SIPTA coated steel (SIcom + guPTA= SIPTA)and set up a good galvanising line (80,000tpa ) with CMI Belgium collaboration at Nanded, though the officially licenced capacity was 35000tpa. Galvanised steel sheets were in short supply, there was high premium on the product, SIPTA did produce good quality sheets, and made tons of money. Flush with money, they decided to diversify and went into anything and everything...NBFC-Lloyd Finance, Real estate-Lloyd realty, and wanted to set up a upstream steel plant at Wardha to produce HR coils.A plant incorporating a second hand steckel mill was set up which was tom-tommed as state of the art steel plant. Those were the hey days of steel industry, investors qued up to put their money.


One fine day SIPTA was sold out to Jains.


Then came the folding time for NBFC's, downfall of real estate business, recession in steel industry as well as overcapacity.


The artificially built empire and all the hype have no takers today.


BAGDAD KE CHOR
Feb 25, 2001 09:02 PM 3551 Views

Agar aapne BAGDAD ke THUG nahi dekhe ho yaa unke baare mey aur jananaaa chahate hai to yeh review padhiyee.......


Lloyds group floted a public offer and I was one of those DEDHH HOSIYAAR man who opted and bought 400 shares.......


The shares are still with me and I still put agarbatti to them ,,,,,even the raddiwala refuse to pay anything for it.......


THIS group started intiaaly sponsoring the t.v. shows along with CREATIVE EVE people and initially everything was hidden and covered but finally in a year this group collapsed and today I don't even receive the annual report since last 6 years.......


Lloyds are a group without basics who have befolled lakhs of investers.........


If this review can be forwarded to them please tell them that I have used utmost restriction in expressing my opinion......


regards


Dr. Kuldip


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