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Apple Finance Ltd. Company History and Annual Growth Details

The Company was incorporated as a Public Limited Company under the name Apple Leasing & Computers Ltd. on 15th October, 1985. The name of the Company was changed to Apple Leasing & Industries Ltd. with effect from 1st September 1986. The name of the Company was again changed to Apple Industries Ltd. with effect from 30th August,1989.

The Company was promoted by Mr. Atul K Nishar, Nishar family and AKN Leasing Private Limited.

The Company is presently engaged in diversified business activities such as computer education, software development, consultancy, leasing, hire purchase, financial services and merchant banking.

The Company plans to set up more centres to further spread the geographical coverages of its information technology activities. The Company plans to expand the current operational areas in information technology.

The Company has decided to diversify its operations by setting up a 100% Export Oriented Unit for quarrying and processing of granite blocks.

2000 - ICRA has downgraded the medium-term debt as well as the fixed deposits and
non-convertible debenture programmes of both Apple Finance Ltd. and Apple
Credit Corporation from MA- to MD.


-Apple Finance Ltd has informed that on June 29, 2007 Mr. Mahendra Shantilal Shah has been inducted into the Board of the Company as an Additional Director.