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Company Profile

Incorporated in the year 1994 as a finance arm to support our automobiles business, Kamal Autofinance Ltd. (“KAFL”) has long since grown beyond the needs of the other group companies and had succeeded in developing into a self-sustaining growth oriented company.

The company is a registered NBFC and classified as a Asset Finance Company - Non Deposit Taking. As a financing company, the company is engaged primarily in extending credit to individuals. The company has a diverse product range and provides a variety of loans, namely, vehicle loans, personal/cash loans, education loans, equipment loans and loans against property.

In a short span of ten years, KAFL has grown considerably and has started to develop a pan-Rajasthan presence. In addition to its head office at Jaipur, KAFL now has branches at Kota and Jodhpur along with representative offices in other smaller towns of the State. Owing to a wide network, the company has successfully tapped the niche rural markets and this has enabled the company to grow rapidly. The customer base of KAFL has also increased significantly and today we have approximately 10,000 customers.

Policy on Related Party Transactions

The Company shall enter into transactions with related parties on arms length basis and in accordance with the provisions of the Companies Act 2013 and the RBI Guidelines on the subject.

A transaction with a related party shall be considered material if the total of transactions entered into with any related party during the financial year, taken together, exceed 10% of the total transaction by the company for all related parties under that head / group as per the audited financial statements of the Company, unless on the basis of facts and circumstances the board of directors of the Company feel that a transaction of less than 10% is also material.

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