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Milestones

  • May 4, 1990

    Incorporated as Electronica Leasing and Finance Limited the first Non-Banking Finance Company (NBFC) in India exclusively catering to Micro, Small & Medium Enterprises for equipment / machine Finance.

  • May 12, 1998

    Horizontal expansion into southern and northern parts of India.

  • March 3, 2002

    Tie up with all leading machine tool manufacturers in India.

  • June 27, 2005

    Name changed to Electronica Finance Limited with 15 Branches across the country on discontinuation of leasing business.

  • February 3, 2006

    Recognition by SIDBI as exclusive co- branding partner (at that time) to help expand its reach to Micro, Small & Medium Enterprises.

  • September 13, 2007

    Rated "alpha-" by M-CRIL indicating high safety.

  • May 17, 2008

    Classification as NBFC-ND-SI as the asset base crossed INR 100 crores.
    Recognition by WORLD BANK for exclusive work in MSME segment in India.

  • July 25, 2010

    IIM Ahmedabad published a case study on EFL in its journal which provided analysis by financial experts including RBI officials.
    Tie up with SMERA for rating SME ’s

  • 2011

    Diversification in to printing.

  • March 15, 2013

    Expansion to 35 locations, catering to more than 250 Industrial Clusters across 60 cities.
    AUM breaches benchmark level of INR 600 crores.
    Diversification into Pharmaceutical, Packaging and Textile verticals.
    Commencement of non-fund services.

  • 20 August, 2014

    Ms. Shilpa Pophale MD, has awarded as Women Entrepreneur of the year.

  • 21 March, 2017

    For our committed efforts towards developing & providing a range of finance solutions to meet the ever-growing needs of the MSME sector.

  • 20 April, 2017

    The Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) has conferred EFL with this award for its excellent performance and committed efforts in providing a range of Finance Options to meet the ever growing needs of MSME Sector.