- Business
- Rita Finance and Leasing Ltd. is an India-based non-banking financial company (NBFC) registered with the Reserve Bank of India that operates as a non-deposit taking entity primarily engaged in advancing loans and advances, as well as investing, trading, buying, selling, and dealing in securities of companies, governments, or local authorities; it focuses on financing across India's fast-growing industrial sectors with a diversified presence in various sub-segments. Incorporated on May 19, 1981, originally as Rita Holdings Limited, the company is headquartered in Ahmedabad and changed its name to Rita Finance and Leasing Limited to better reflect its core business activities. The company maintains operations throughout India, serving clients in the finance industry with a board led by experienced professionals including Promoter Director Pawan Kumar Mittal and several independent directors appointed in 2024 such as Harshita Kanishka Tiwari, Sandipbhai Patel, Mahesh Anand Dhanavade, and Mukesh Laxman Sharma. Recent developments include the release of its annual report for fiscal year 2024-25 and unaudited financial results for the first quarter of fiscal year 2025-26 showing a net profit of Rs 22.20 lakh, alongside ongoing board meetings for financial approvals and governance compliance with no reported acquisitions, funding rounds, or major strategic shifts in the past 1-2 years.