First Leasing Company of India has received A1+ rating for Rs 100 crore worth of commercial papers (CP) from CARE. The ratings factor in the company’s long-standing track record in the Non Banking Finance industry, experienced top management, good asset quality, diversified funding profile and satisfactory capital adequacy.
First Leasing Company of India was promoted by Farouk Irani, in September 1973. The company is headquartered in Chennai and is a deposit-taking asset finance company engaged in the business of leasing, hire purchase, loans and wind power generation.
