Bhupendra Capital and Finance (BCFL) was incorporated on 12 Oct.'92. It was promoted by the Bhupendra group which has also promoted companies such as Bhupendra Industries, Pioneer Alloys, Mohta Coals, etc. BCFL is managed by Santosh Kumar Bagla, the chairman. It has one subsidiary namely Nirar Leasing and Finance.BCFL came out with a public issue of 35 lac equity shares at a premium of Rs 30 aggregating Rs 14 cr. The object of this issue was to consolidate its capital base, augment long-term resources, build a corpus for carrying out leasing, money market operations, and to part-finance the cost of office premises. Total requirement of funds was estimated at Rs 36.5 cr. The company has been approved by SEBI as a category-I merchant banker. It has also been admitted as a trading member on the National Stock Exchange (NSE). Services offered by BCFL include issue management, placement of equity / debt instruments, bought-out deals, feasibility studies, investment banking, OTCEI operations, loan syndication, trade finance and corporate fund management. The company has chalked out various expansion plans mainly in the field of fund-based activities such as leasing, hiring, bill discounting and inter-corporate deposits. It is also in the process of changing the present name to Bhupendra Leasing and Finance.