Electronica HiTech Engineering Pvt. Ltd., Pune, Maharashtra, India

Profile

With our three decades of experience, we are providing precision industrial machinery, heavy duty industrial machinery, automatic industrial machinery to the need of modern technology for tool making. 1973 was the landmark year for us, as in this year we successfully developed the first indigenous electric discharge machine (EDM). It embarked the beginning of our ever-advancing ascent on the ladders of success. We have emerged as a multi-national company in true sense, we have a multiple range of products, manufacturing, and marketing and distribution centers in the major countries & our turnover is in millions. We understand exact customer needs & try to reciprocate by providing the right machining technology & manufacturing solutions. We provide precision industrial machinery, heavy duty industrial machinery, automatic industrial machinery for engineering, plastic & electronics industries by offering a comprehensive range of manufactured, as well as sourced machine tools & other related equipment. We also offer our services in engineering & finance areas. We have global presence, technology leadership & a high degree of client delight.

Fact Sheet

Company Details

Year of Establishment	2007
Legal Status of Firm	Private Ltd. Co. Registered under Indian Companies Act 1956
Turnover	US$ 10-25 Million (or Rs. 40-100 Crore Approx.)
Income Tax Registration No.	AABCE7531N
Service Tax Registration No.	AABCE7531N ST 001
Import Export Code	3107002844
Nature of Business	Manufacturer Exporter Wholeseller Retailer Buyer-Company Buying House Trader

Team & Staff

Total Number of Employees

101 to 500 People

Our Robust Infrastructure

Backed by our comprehensive and strong infrastructure, we are growing leaps and bounds in the industry. We have state-of-the-art facilities in India. We have manufacturing plants at 9 different locations for manufacturing technology driven machines, a marketing center in Switzerland, and distribution center in all major countries. Our business turnover is Rs. 3880 millions (US $ 86 millions). We are backed by a dynamic manpower of 500 professionals. We possess total land area of 90740 sq. m of which 50260sq.m is building area. We have total 36 sales and service offices of which 18 are in India, 16 overseas agents, 1 sales office in Europe. Leveraging these facilities we export our precision industrial machinery, heavy duty industrial machinery, automatic industrial machinery and other products to over 45 countries.

Electronica Finance Limited

Electronica Finance Limited was established in the year 1993. Formally known as Electronica Leasing and Finance Limited, with the objective to provide Quick & Easy financial assistance to Micro and Small Enterprises (MSEs) for their plant and machinery requirements, , we introduce ourselves as a leading SME financial service provider for various financial schemes and loan services such as under

Micro and Small Value Loans,
Hire Purchase,
Term Loans,
Corporate Advisory Services (CAS), Li
Life & General Insurance.

In order to carry out all our services in an efficient manner, we have registered ourselves with the Reserve Bank of India (RBI) and also Associated with Small Industrial Development Bank of India (SIDBI) and make sure that we follow all the prudential norms set for the Non Banking Finance Companies (NBFC’s) by the RBI. Besides, we are also registered with the RBI as an Asset Finance Company and hence we act as a specialized financier to Micro and Small Scale Enterprises.

Having been in this industry for the More than 15 years, we have created strong

tie-ups with some of the major leading bank organizations across the globe.

Our Vision

“To become to Micro & Small Enterprises (MSE),

what Grameen Bank is to Micro Finance.”

EFL finances Multiple industries like

Machine Tool
Plastic Moulding
Wood Working
Generators & Compressors.

Advantage and Features of EFL

1. Fast Processing of loan within 8 days.

2. Associated with SIDBI (Small & Industrial bank of India) for subsidy for the SME’s.

3. Flexible Schemes.

4. More than 2000 Satisfied Customers

5. Nationwide Network

6. Service at your Doorstep

Why loan from Electronica Finance?

Quick & Easy Finance: Pay only Rs.767 per lac per year means Rs.3 per working day.
No collateral security required unless very much necessary.
Competitive interest rates at par with banks.
Easy Documentation.

EFL-Your Partner, Your Advantage

EFL started in the year 1993 which provides Machinery and Tool finance exclusively to Micro & Small enterprises sector in India.
EFL is registered as an Asset finance company (AFC) under the Reserve bank of India.
EFL provides financial assistance in the form of loan or hire purchase to Industrial customers for purchasing machinery and tools.
Pan India presence with Network of 14 branches covering 30 cities across the country.

Company Milestones

Over the years, we have grown up by leaps and bounds to reach the unmatched position that we enjoy today. Our success has been a step-by-step progress. Some of the major milestones that we have achieved over these last 2 decades are as mentioned below:

1993	Incorporated as the 1^st Non Banking Finance Company (NBFC) in India, catering to Small and Medium scale industries for equipment finance.
1995	Became one of the leading NBFCs in Maharashtra in terms of collecting Fixed Deposit.
1998	Made horizontal expansions in South and North India.
1998	Registration with the Reserve Bank of India as a Non Banking Finance Company.
1998	Received an Award of Excellence From the Bank of America For Car Loan Program.
2002	Tie-Ups with all the major leading machine tools companies in India.
2005	Company name changed to Electronica Finance Limited with over 15 Branches located across the country.
2006	Classified as an Asset Finance Company by the Reserve Bank of India.
2006	Recognised by SIDBI as a Co-branding partner to extend their reach to Micro and Small Enterprises.
2007	Got an "A" Rating from M-CRIL indicating High Safety.
2008	Classified as an NBFC-ND-SI as the Asset base has crossed Rs. 100 Crores
2008	Recognised by World Bank for exclusive work in Micro and Small industrial segments in India.
2008	Assisted our 500th Customer with SIDBI under their various schemes.

Electronica Group

Our Associations

We offer our General Insurance Loans through our association with the following companies:

ICICI Prudential
Bajaj Allianz
Reliance
SIDBI
Iffco Tokio
Bharti Axa.

Our Domain Expertise

Apart from being registered with the RBI, we are also the only associates of SIDBI; a reputed Government organization that is engaged in promoting, financing, and developing various industries in the small scale sector in India. This has led to us offering the best financing deals for the convenience as well as benefit of the clients. All our services and deal rates are at par with the other banks. In order to carry out all the services such as hire purchase, loans, etc. in an efficient manner, we follow a systematic methodology which comprises of the below mentioned points :

We provide all kinds of loans and deals within 8 days (from the day of receiving all the papers / documents).
We check the credit worthiness of the concerned client based on his past performance as well as financial stability.
We provide flexible and customized schemes, which meet the exact requirements of the clients.