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History of Raasi Leasing Ltd.

Raasi Leasing Limited was incorporated in the state of Andhra Pradesh on 21st February, 1984 as a public limited company. The Comp. was promoted by Shri P V L Timma Raju who was a founder Director of M/s. Raasi Cements Limited along with Mr. PVL Narasimha Raju, Shri. P Suryanarayana Raju & Shri Vijaykumar Raju.

The main line business of Comp. are Equipment leasing, hire purchase & finance.

The Comp. came out with a rights issue of equity shares in the ratio of 3:5 at par, on 8th June 1992. The objective of issue was to finance the long term working capital requirements of company.