Ramchandra Leasing and Finance Ltd (RLFL), established in 1993 and converted to a public limited company by 1996, operates primarily in hire purchase, bill discounting, investments, and inter-corporate deposits. Founded by Shri Rameshchandra M Patel and Shri Yogeshkumar N Joshi, RLFL adheres to the Reserve Bank's prudential norms for non-banking financial companies, ensuring compliance with income recognition, accounting standards, and asset classification. The company offers financial assistance through secured and unsecured loans to corporate bodies. In 2006, RLFL raised funds through a public issue, selling 24,20,000 equity shares at Rs. 10 each, totaling Rs. 242 Lacs, while the promoters contributed an additional Rs. 269 Lacs. This funding supports its financial activities, amounting to Rs. 511 Lacs. RLFL’s key offerings include hire purchase agreements, where clients hire goods with the option to purchase.
