|Escorts Financial services Ltd. was incorporated in the name and style of Escorts Leasing and Finance Ltd. on February 9, 1987. The company became a wholly owned subsidiary of Escorts Ltd., the promoter, on Septermber 20, 1990.The company effectively commenced business operations during December 1990 and its name was changed to Escorts Financial services Ltd. on July 19, 1991. The company ceased to be a subsidiary of Escorts Ltd. on September 26, 1992. The company came out with its maiden public issue on 19th January 1995. The company is into leasing and Hire purchase, and into merchant banking services.
During the year 1994-95 Escorts Securities Ltd. became a wholly owned subsidiary of the company. This company is engaged in Securities trading activity.
-Escorts Finance Ltd has appointed Mr. Pritam Narang S/o. Mr. Lal Chand Narang as the Additional Director of the Company w.e.f. January 14, 2008.