Kailash Auto Finance has received its board's approval to enter into a partnership agreement in the name of Sukshetra Auto Finance (Sukshetra) at Vishakhapatnam to expand its auto finance business. Apart from, providing finance against purchase of motor vehicles against suitable securities and guarantees. Sukshetra will also be planning to venture into Share broking business. The profit sharing ratio of the Company will be 25%.
Kailash Auto Finance was incorporated as a public limited company on November 14, 1984. It is a non-banking financial company. Financial services such as automobile financing for the commercial transport vehicle industry, 2/3 wheelers, jeeps/cars and consumer durables are provided.
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