(i) Inox Leasing and Finance Limited (ILFL) was incorporated on February 17, 1995 as Inox Leasing and Finance Private Limited (ILFL) and the word “Private” was deleted from its name pursuant to the provisions of Section 43A of the Companies Act with effect from November 22, 1995. Further, ILFL changed its status from being a public company by virtue of section 43A of the Companies Act to being a public company with effect from January 28, 1998.

(ii) The main business of ILFL is to conduct the business as a finance company including financing industrial, commercial and business operations by means of loans, leasing, hiring and hire purchases, dealing in shares and securities.

(iii) Currently ILFL, being an investment company, is engaged in the business of financing and investments in equity shares of the companies. ILFL has obtained certificate of registration to carry on the business of a non-banking finance institution vide Certificate of Registration No. B-13.01448 dated January 4, 2001. ILFL also gets rent income from office premises given on lease. From the year 2004-05, ILFL has also commenced the business of distribution of units of mutual funds, and gets brokerage income. ILFL is registered with Association of Mutual Funds of India (AMFI) as a mutual fund advisor.

INOX Group

The Jain family's tryst with business started more than 90 years ago. In the 1920s, Shri Siddhomal Jain established Siddhomal and Sons, a successful paper and newsprint trading business. In the 1960s, his son Devendra Kumar Jain, a history honours graduate from New Delhi's prestigious St. Stephen's College, decided to go beyond the trading business and become an industrialist.

He saw great promise in the business of extracting, liquefying and selling gases from natural air, as these industrial gases were widely used in the steel, manufacturing and healthcare sectors - all of which were flourishing in India at that time. He finally established Industrial Oxygen Co. Pvt. Ltd. in Pune in 1963. INOX Group's journey of over six decades has been punctuated by many firsts and diversifications - right from setting up plants for manufacturing refrigerants, PTFE resin and other chemicals and gases, to building a brand called INOX - the most popular chain of multiplexes in India. Today, the USD 3 billion INOX Group runs six different businesses.

The Jain family, first through Mr. Devendra Kumar Jain's sons Pavan and Vivek, and now through grandsons Siddharth & Devansh Jain, continue to be involved in every aspect of the business.