YEAR                                                         EVENTS
 1990 - Indo Asian Finance Limited was initially incorporated as a
 Private Limited 
             Company on 17th April,  in the name and style of Anand
 Rishub Finance Private
              Limited.  Then it was converted into Public Limited
 Company with effect from 29th
              August 1991 and the name changed to Challani Credits
 Limited. 
 
           - The Company was primarily engaged in the business of Hire
 Purchase which had been
              the traditional mode of business of the Challani family
 for decades.  Gradually, the
              company started to diversify into profitable finance
 schemes like leasing etc. and
              soon established its presence in these areas.
 
            - The company's main business is Hire Purchase and Leasing
 of Motor Vehicles, 
               Machineries, equipments etc. 
 
 1991 - The company has been in the Hire purchase and Lease business
 since September.
              The company now intends to cater to Corporate clients
 and finance assets on lease
               to large and medium sized companies also.  Hire
 Purchase disbursements are mainly
               in the retail auto segments, covering commercial
 vehicles. 
 
 1992 - The name was changed to Indo Asian Finance Limited on 14th
 July, and further more
              Directors traditionally engaged in the same business
 along with substantial contribution
              joined to strengthen the board.
 
           - The company is now proposing to finance under Corporate
 Sector in a big way.  With
              its established contacts backed by its Marketing Team,
 the company will be concentrating
               more on corporate sector both under Hire Purchase as
 well as Leasing.
 
 1995 - Shri J.Padam Challani, the Managing Director was redesignated
 as Wholetime Director
              of the Company with effect from 14th July. Shri Madanlal
 Gundecha, Joint Managing 
              Director of the Company was redesignated as Wholetime
 Director of the Company with
              effect from 1st July.
 
 1996 - Shri Lalchand Galada resigned for personal reasons as a
 Director of  the Company with
              effect from 30th April.
 
 1999 - The Company is graded as a BBB+ rated Company by CARE for its
 deposit programme.
 
 2000 - Indo Asian Finance Ltd will be entering the business of micro
 banking within the next
             couple of months by setting up local area banks.
 
 2010
 
 -Indo Asia Finance has given the Bonus in the Ratio of 2:1
 
 2011
 
 -Company has changed its name from Indo Asian Finance Ltd. to Indo
 Asia Finance Ltd.