Leasing industry in India is of recent origin.
It was pioneered in 1973 when for the first time ‘Leasing Company of India’ was set up in Madras.
For almost seven years in the country, this company was the sole leasing company.
In 1980 another leasing company known as “20th Century Leasing” came into existence.
Both these leasing companies were promoted by management — qualified professionals from the city bank.
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