Sterling Guaranty & Finance Limited, initially incorporated as Sterling Lease Finance Limited in 1983, has a long history in the financial sector. Originally listed on the Bombay Stock Exchange following its IPO in 1984, the company played a significant role in the financial markets by promoting Sterling Financial Services Ltd., now Indistock Securities Ltd., and aiding in the listing of around 25 companies. Registered as a Category 1 Merchant Bank by SEBI, Sterling's journey included an oversubscribed public issue in 1995 and a brief role as a Non-Banking Financial Institution (NBFC) after obtaining a license from the RBI in 1999.
Despite its previous activities, Sterling Guaranty & Finance Limited is now defunct, having ceased NBFC operations and suffered financial losses due to a lack of business activity. The company has shifted focus, amending its corporate objectives to engage in securities and stressed asset dealings, and has no current public debt or NBFC exposure.
