The Company was incorporated on 6th February 1986 under the name of
Elcon Finance & Leasing Ltd. The name of the Company was then
changed to Elcon Finlease & Industries Ltd. on 12th March 1992.
The main objects of the company is to undertake the business of
leasing finance & trading, hire purchase and to finance all lease
operations. The Company has diversified towards Hotel business.
Company has invested Rs.25 lakhs in Royale Manor Hotels and
Industries Ltd. Five Star Hotel project at Ahmedabad, Gujarat.
Presently the company is engaged in the activities of leasing and
hire-purchase particularly vechicles.