Incorporated under the name Enarai Investment & Consultancy Services (India) Pvt Ltd, Enarai Finance was formed to serve non-resident Indians in projects and portfolio management. The company provides project services (computer stationery, five-star hotels, ignitors, refining lubricants, etc) on a turnkey basis to NRIs. The investment and consultancy division devises portfolio schemes to attract NRI investment to the capital market. It also offers marketing services for the NRI portion of public issues.
Enarai gradually entered into capital market activities (merchant banking, OTCEI dealership and corporate advisory services) and financial services (lease and hire purchase finance, bill discounting, inter-corporate finance, corporate fund management and money market operations).
The company provides lease and hire purchase finance to acquire plant and machinery, equipment, cars and consumer durables. It has opened an office at Pune and franchises at New Delhi, Ahmedabad, Madras, and Secunderabad.
In 1995-96, the fixed deposit programme of the company recieved credit rating -- FA, from the Credit Rating and Information Services of India (CRISIL).
The Company has identified Auto Finance and Lease & Hire Purchase activities as the focus areas for its future growth.