Support and Resistance Levels
Past performance
About India Lease Development Ltd India Lease Development Limited (ILDL), established in 1984 and operational since 1987, is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. It specializes in hire-purchase and leasing services, focusing on providing finance for commercial vehicles, automobiles, and construction equipment, primarily in North India. The company was promoted by The Motor and General Finance Limited (MGF) alongside International Finance Corporation, Washington and Punjab National Bank. ILDL ventured into public funding in June 1994 to support increasing financial demands, raising Rs 7.88 crore through a public issue.
ILDL has diversified its financial services to include bill discounting, catering to the transport, industrial, and construction sectors. In 2010-11, it expanded further by amalgamating with MGF Services Limited, issuing shares in a 3:2 ratio. This strategic move signified ILDL's growth and strengthening of its financial base. The involvement of prominent financial entities like IFC and Punjab National Bank reflects its robust equity foundation.