Welcome to Banas Finance Limited
The Company was originally incorporated as Pioneer Leasing Company Limited on 6th June, 1983 and the name of the Company has been changed from “M/s.Pioneer Leasing Company Limited” to “M/s Banas Finance Limited” on 28th August, 1986. In the year 1999 Company made an application to Reserve Bank of India for conversion into Non Banking Finance Company and obtain the certificate from Reserve Bank of India on 21st January,1999.
Currently, M/s. Banas Fianance Limited is Non Banking Finance Company with the main object of the business of purchase, leasing, factoring, financing of hire-purchase,lease of all kinds of plants and machineries, motor vehicles, motor boats, trawlers, launches,ships, vessels, helicopters, aircrafts, automobiles, computers or any other equipment that the Company may think fit and to assist in financing of all and every kind and description of hire purchase or deferred payment or similar transaction and all and every kind and description upon any terms whatsoever and to carry on business as investors and dealers in shares, stocks and securities, capitalists, financiers, concessionaires and to undertake, carry on and execute all kinds of financial, commercial and trading operations (except banking and insurance business under Banking regulation Act, 1949, and the Insurance Act, 1938) which may seem to be capable of being conveniently carried on and to make loans both short and long term with provision of financial software such as computer programme.