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History of Leasing Finance India Ltd.

Leasing Finance India Limited was incorporated on 30.12.1985, as an Integrated Finance Comp. with an authorised capital of Rs.250 lakhs. The authorised capital has been subsequently raised to Rs.750 lakhs. It acquired the certificate of commencement of business from the registar of Companies, West Bengal, on 9.1.1986. The Registered Office of Comp. is situated at 1/1, Monica Building, 9B Lord Sinha Road, Calcutta-700071.

The Comp. offers various types of leasing proposals such as financial leases, lease syndication, lease brokerage etc., including import leasing to the market to achieve the following objectives for its clients.

1. Cost effectiveness 2. Tax Benefits 3. Cash flow planning 4. Benefits of plant/fixed acquisitions.

The Comp. is presently engaged in the business of leasing, consumer Banking & other financial services such as consultancy in the areas of finance/management/projects, loan syndication, portfolio investments, bill discounting etc. It has so far signed lease agreements with various corporte clients worth Rs.720 lakhs upto 31.03.93 for financing industrial equipments, office equipments, office equipments, vehicles etc.

The Comp. proposes to enter into the new areas of Merchant Banking & the Portfolio Management Services in order to strengthen the activities of Comp. & render integrated financial services.

The Comp. has been promoted by Mr. Mahesh Shah.