Akashdeep Metal Industries Limited was incorporated in the year 1983 and registered with the Reserve Bank of India as an NBFC, to carry out the following business:-

Business of an Investment Company and to buy, invest in, acquire, hold shares, stocks, debentures, debentures-stock, bonds, mutual fund, obligations and securities issued or guaranteed by any company constituted or carrying on business in India.

To hold by way of investment shares, stocks, debentures, debenture-stocks, bonds, obligation, units, securities and other investments.

To carry on the business of providing loans and advances to industrial enterprises, corporations and individuals. To provide loans against shares of primary and secondary market.