INCA FINLEASE LIMITED was originally incorporated as a
 private limited company on 1st March 1994 with the
 Registrar of Companies, Maharashtra at Bombay.  It was
 subsequently converted into a Public Limited Company in
 terms of the resolution passed in the Extra Ordinary
 General Meeting of the Company held on 28.5.1994 and
 obtained fresh certificate upon conversion of the Company
 from Private Limited to Public Limited from The Registrar
 of Companies, Maharashtra on 8.7.1994.
 
 The Company is presently engaged in the business of bill
 discounting and has earned an total income of Rs. 2.17
 Lakhs on a deployment of funds of Rs. 34.67 Lakhs during
 the period ended 31.12.1994.
 
 SUBSIDIARY OF THE COMPANY
 
 Company does not have any subsidiary.
 
 2008
 
 -Registered Office of the Company has been shifted From C-617, Hilton
 Tower, Pump House Andheri (East), Mumbai - 400 059 To 907, Dev Plaza,
 9th Floor, Andheri Fire Station, Andheri (West), Mumbai - 400 059.
 
 2011
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 -Company has changed its name from Inca Finlease Ltd. to Visagar
 Financial Services Ltd.                                            
                                                         
 2012
 
 -Visagar Financial Services has given the Bonus in the Ratio of 1:1.