Algoquant Fintech Limited, formerly known as Hindustan Everest Tools Limited, was established on January 25, 1962. Since February 10, 2011, it has been primarily involved in trading financial instruments. It operates as a wholly owned subsidiary of Algoquant Investment Private Limited, formerly known as Mandelia Investment Private Limited. Previously, the company traded in metals but discontinued this business from April 1, 2021.
For over four decades, the company specialized in producing and marketing high-quality hand tools certified by VPA Remscheid, Germany. Its product range includes various types of spanners, pliers, wrenches, screwdrivers, and other accessories manufactured using high-quality Chrome Vanadium Steel and meeting international standards such as BIS, DIN, and ANSI.
The company is in a phase of growth, aiming to expand its domestic and international network. Despite facing losses in the past due to internal and external factors, including power cuts affecting production, the company managed to turn around its fortunes in 2006-07 by focusing on efficiency and cost control.
Algoquant Fintech Limited operates its own Research & Development Centre, continuously improving existing products and processes while developing new ones based on customer needs. The company emphasizes prompt customer service and aims to build long-lasting business relationships.
In October 2020, the erstwhile promoters and directors entered into a Share Purchase Agreement (SPA) for the sale and transfer of their shares to Algoquant Financials LLP. This resulted in a change in management control, with new directors appointed in February 2021.
In October 2021, the company subdivided its equity shares, resulting in a higher number of shares with a lower face value.
For over four decades, the company specialized in producing and marketing high-quality hand tools certified by VPA Remscheid, Germany. Its product range includes various types of spanners, pliers, wrenches, screwdrivers, and other accessories manufactured using high-quality Chrome Vanadium Steel and meeting international standards such as BIS, DIN, and ANSI.
The company is in a phase of growth, aiming to expand its domestic and international network. Despite facing losses in the past due to internal and external factors, including power cuts affecting production, the company managed to turn around its fortunes in 2006-07 by focusing on efficiency and cost control.
Algoquant Fintech Limited operates its own Research & Development Centre, continuously improving existing products and processes while developing new ones based on customer needs. The company emphasizes prompt customer service and aims to build long-lasting business relationships.
In October 2020, the erstwhile promoters and directors entered into a Share Purchase Agreement (SPA) for the sale and transfer of their shares to Algoquant Financials LLP. This resulted in a change in management control, with new directors appointed in February 2021.
In October 2021, the company subdivided its equity shares, resulting in a higher number of shares with a lower face value.
