Williamson Financial Services Limited, originally established as Makum Tea Co. (India) Limited in 1971, underwent significant restructuring and was renamed in 1994 following court-sanctioned amalgamations. It became part of the Williamson Magor Group, reflecting its shift from tea production to financial services. The company's core operations include fund-based activities such as leasing, hire-purchase, and corporate financing, with plans to expand into advisory roles in foreign exchange, corporate restructuring, merchant banking, and sharebroking. Despite facing challenges in securing finance from the organized financial sector in 1996-97, the company registered as a Non-Banking Financial Company with the Reserve Bank of India in 1999-2000, reinforcing its commitment to the financial services industry. With B M Khaitan as Chairman, WFSL aims to leverage its position within the Rs 1500 crore Williamson Magor Group to expand its reach and influence in the financial sector.
