Banas Finance Limited, originally incorporated as Pioneer Leasing Company Limited in 1983, is a diversified financial services firm focusing on finance, share trading, investments, consultancy, and the realty sector. The company underwent a name change in 1986. A significant expansion occurred in 2019-20 when Proaim Enterprises Limited, Axon Ventures Limited, and Rockon Enterprises Limited merged into Banas Finance, consolidating its position as a unified lending entity. This merger was finalized in August 2020.
In the 2022-23 fiscal year, Banas Finance acquired a 48.55% stake in Tilak Ventures Limited, classifying it as an associate company. This acquisition highlights Banas Finance's strategic investments to enhance its market position and diversify its portfolio. The company's long-standing presence and recent mergers and acquisitions position it as a dynamic player in the finance and investment sectors.
