RLF was incorporated on April 2, 1979 as Raksons Finance and subsequently converted into a public limited company and change of name to Raksons Leasing and Finance, vide fresh certificate of incorporation issued by the Registrar of Companies, Delhi and Haryana, dated December 26, 1985 under the Companies Act, 1956. The name of the company was changed to RLF, vide fresh certificate of incorporation dated March 2, 1994.
RLF has carved a niche for itself over the years by providing various financial services under one roof. The clientele of RLF include established industrial groups like Flex Industries, DLF Universal, Kwality Ice Cream, Inalsa, etc, and its portfolio comprise mainly of auto units and capital goods industry. RLF decided to discontinue leasing, hire-purchase activity with effect from April 1, 1994, as it now proposes to concentrate on the mushroom project.
Business area of the company
RLF is engaged in the business of financial services, hire purchase and leasing. It proposes to diversify in to cultivation and canning of 1890 tpa of white button mushrooms in the assisted sector with Haryana Agro Industries Corporation (HAIC) and financial-cum-technical collaboration with Dalsem Veciap b v Agro Industries.