Sainik Finance & Industries Limited, originally incorporated as Garuda Clays Private Limited in 1991, transitioned from a private to a public limited company in 1994 and underwent a name change to its current identity in 2000. Initially focused on manufacturing Portland Cement and PSC Poles, the company has since shifted its core operations to the finance sector. It is now registered as a Non-Banking Finance Company (NBFC) with the Reserve Bank of India, specializing in investment and finance activities such as financing tippers, payloaders, and other heavy earth-moving machinery. The company expanded its finance operations through the merger with Ramanuj Leasing Limited, another NBFC, in 1999. This strategic shift from manufacturing to financial services positions Sainik Finance & Industries Limited as a key player in the finance and leasing sectors, providing diversified financial solutions.
