Frontier Leasing and Finance was incorporated on June 13, 1984 as a public limited and received a certificate of incorporation for the commencement of the business from Registrar of the company, Maharashtra on July 15,1984.The company’s registered office of the company is located near Kennedy Bridge, Mumbai.
Shraddha Sawant, Vishaka Chaugle and Anand Naik collectively known as acquirers entered into share purchase agreement on August 2,2007 with Balpreet Kaur Chawla -81,200 shares (33.14%), Jeet Machine Tools - 34,300 shares (14%), Jagjit Singh Chawla - 22,250 shares (9.08%) and subway finance and investment company - 11,700 shares (4.78%) (promter group of the target company- (Frontier Leasing and Finance),collectively known as sellers to acquire in aggregate 1,49,450 fully equity paid up equity shares of Rs 10 each, representing 61% of total voting capital of the target company at price of Rs 25 per equity share.
Business area of the company:-
Frontier Leasing and Finance is a finance and investment company. The company invests in shares, securities, debentures and involved in other finance related activities like hire purchase.