Longspur International Ventures Limited, originally incorporated in 1980 as Confidence Trading Company Limited, operates in the financial services and trading sector. The company underwent name changes, becoming Confidence Finance and Trading Limited in 2014, and subsequently Longspur International Ventures Limited. In 2009, Mr. Suresh Kumar Somani gained control by acquiring 73% of the company's paid-up capital from the former promoter, Ms. Sridevi Chimalamarri.
In 2013, Longspur International Ventures planned to issue 10,000,000 equity shares on a preferential basis priced at Rs15 each to strategic investors. Despite collecting application money from various investors, the company withdrew the issue and returned the funds without allotting shares. This reflects the company's cautious approach towards financial operations and strategic investments.
