Walchand Peoplefirst Ltd

Walchand Peoplefirst Limited, formerly known as Premier Construction Limited was incorporated in July 1920 at Mumbai by the erstwhile Walchand Hirachand Group. Walchand Plus is an Initiative of Walchand PeopleFirst Ltd. Post amalgamation, the name of the Company was changed from Premier Construction Limited to Walchand PeopIeFirst Limited dated February 2, 2006.

WHL controlled the family's stakes in each of the companies of the Walchand Group. The family's stake in turn was determined through a Private Company, Walchand and Co., which held a majority stake in WHL. While Vinod, Chakor and Arvind Doshi together held about 45% of Walchand and Company, The Bahubai faction together owned 55% of Walchand and Company. With the split in the Walchand Group, the construction house, owned by the Company was vacated by the Doshi Companies.

The Company is engaged in the business of imparting training in soft skills like leaderships, communication, presentation, etc. The Company had acquired the franchise rights to offer, sell, teach and impart the training methods, techniques and programs developed by Dale Carnegie Training & Associates, U.S.A. to individuals and employees of the corporate.

Hindustan Construction (HCC) increased its share in the company to 51% by way of a preferential issue at the then prevailing market price of Rs 330. From Nov.'94, the company was also renamed Walchand Hindustan. It has two subsidiaries -- Hindustan Construction and Vikhroli Metal Fabricators.With a view to diversify into allied activities, the company has taken the dealership on the OTCE.

Company has revisited its business strategy in light of the shackles of the NBFC industry and realigned itself to meeting the challenges of the vastly changed scenario in the financial industry. Company now in the process of establishing itself as a full fledged investment banker and process to offer service ranging from risk assessment, corporate restructuring, advice on mergers, acquisitions a