Servall Group of Companies



Servall Group of companies is banking with Indian Overseas Bank for the past four decades and has grown in leaps and bounds.

With the support of IOB, Servall has grown into a conglomerate with a strong presence in the paper machinery market both for turnkey projects (including project consultation) and for fabrication of spares and equipments for existing paper mills and rebuilds.

Besides the engineering division, Servall Group has three paper mills viz., Servalakshmi paper & Boards Pvt. Ltd., Danalakshmi Paper Mills Pvt. Ltd., and Vijayalakshmi Paper Mills. All the above activities were supported by IOB right from the inception. Today, Servall has a strong presence in the newsprint market.

The vision of Servall has materialized only with the active support of the bank by establishing a paper mill with a capacity of 300 tonnes per day along with a power plant of 15 MW capacity at Tirunelveli in the name of Servalakshmi Paper Limited.

Servall Group of Companies expresses its gratitude to the continuous suppport extended by the bank. On the eve of the Platinum Jubilee Celebrations of the bank, Servall Group of Companies expresses its best wishes to IOB to achieve greater heights in the days ahead and reach the pinnacle of glory in the banking industry.

R Ramswamy
Chairman
Servall Group of Companies

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Platinum Jubilee Celebrations - 1
IOBIANS Story
IOB has taken up the implementation of Financial Inclusion Plan in letter and spirit. Of the 1273 villages given to it under the financial inclusion plan the Bank has already covered 751 villages and the remaining 522 villages will be covered before Dec 2011, Well ahead of the deadline of March 2012.

The Bank has also extended credit facilities to the account holders. The recently Bank launched the ‘IOB Smile Campaign’ under which the entire staff of the Bank, again on a Sunday visited hamlets and busties across the country spreading smiles and banking. The response was overwhelming proving that the poor are bankable.

The financial inclusion plan is also being implemented through the Bank’s Sampoorna Scheme which seeks to bring total village development in select villages


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