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Pankhil Finlease Limited was incorporated as public limited company on 22nd Feb.'94 at Ahemadabad. The company has been promoted by Dinesh Desai and his associate, Shri Satyanarayan Kabra and Dinesh Desai. The company is engaged in investment activites, short term loans and bill discounting. The company provides short term finance to industrial and trading enterprises to meet their immediate short term requirment. The company came out with a public issue of 20,50,000 equity shares in Mar.'1996. It is proposed to expand its activities in fund based activites covering leasing, inter corporate deposits and investment banking and non fund based activities comprising of investment and corporate financial consultancy in tax matters, loan syndication , Project consultancy etc.