Everlon Financials Limited, formerly Everlon Synthetics Limited, transitioned from a polyester yarn manufacturer to a Non-Banking Finance Company (NBFC) as of September 2021. Originally established in 1989, the company shifted its focus from textiles to financial services, trading, and securities market investments. It divested its manufacturing assets in 2022, selling its Silvassa facility to Vishnu Laxmi Textiles Industries and reinvested the proceeds into its NBFC operations.
The company has been involved in the power sector through past subsidiaries like Everlon Power Ltd. and Vakharia Power Infrastructure Ltd., although these are no longer affiliated. In 2023, Everlon Financials expanded its finance operations by funding a solar plant. This strategic pivot aligns with its current focus on financial services, positioning the company to capitalize on emerging opportunities in renewable energy financing.
