The Indian auto ancillary industry has come a long way since it had its small beginnings in the 1940s. If the evolution of the industry is traced in India, it can be classified into three distinct phases namely: Period prior to the entry of Maruti Udyog Ltd, Period after the entry of Maruti Udyog Ltd and Period post Liberalization. The period prior to the entry of Maruti Udyog Ltd was characterized by small number of auto majors like Hindustan Motors, Premier Automobiles, Telco, Bajaj, Mahindra and Mahindra, low technology and assured business for most of the auto-component manufacturers.

The entry of Maruti in the 1980s marked the beginning of the second phase of the industry. The auto ancillary industry in the country really showed a spurt in growth during this period. This period witnessed the emergence of a new generation of auto ancillary manufacturers who were required to meet the stringent quality standards. The good performance of Maruti resulted in a upswing for the domestic auto ancillary industry. It was during this period that auto components from India began to be exported.

EFL has played its role in the auto ancillary and machine tool industry in a big way since its inception. We foresee a excellent future for this industry with outsourcing business peaking up. We helped a number of first generation entrepreneurs to establish and grow their businesses. As it is one of our prime focus area of finance, we are continuously evolving ourselves for the times to come.

India is home to over 100000 registered wood ware units & over 200000 artisans & with other innumerable Wood Working related businesses in the sector.

The Wood Working industry in India is one of the fastest growing segments in the country's economy. Much of this growth is fueled by the huge demand in the domestic market and access to modern machinery to meet this demand. Post India's entry into the WTO, there is a noticeable shift towards mechanized mass production to bridge the demand supply gap. Over 3000 woodworking units have already mechanized & the number is growing. Technology up-gradation & capacity expansion is a strong focus area today for the woodworking units in India.

EFL is looking at the Wood Working Equipment segment as an emerging and potential market. The view is such in the context of unprecedented economic growth in India with focused attention on Infrastructure development. This has resulted in an exponential growth in demand for quality Wood Working Equipment and all manufacturers of the same are expanding their units to gear for the future demand. There is a tremendous increase of the users in this segment also and the need to fulfill their financial limitations while procuring machineries and equipments was long felt. EFL has taken a decision to assist all these users by giving them easy finance options to procure the machines and to position itself as the best finance option for wood working equipment and machinery.

In the Wood Working segment EFL has business tie ups with leading manufacturers of all kinds of Wood Working machineries and equipments. These manufacturers have been in the market for more than a decade. Customer support and satisfaction are the result of technical expertise; state of the art production facilities; prompt after sales service and total commitment to industry requirements. Their never ending customer list is a fitting tribute to their hard work and long term vision. These manufacturers are getting to world class standards and are able to compete globally.

EFL is looking at the Construction Equipment segment as an emerging and potential market. The view is such in the context of unprecedented economic growth in India with focused attention on Infrastructure Development. This has resulted in an exponential growth in demand for Construction Equipment and all manufacturers are expanding their units to gear for the future demand. There is a tremendous increase of the users in this segment also and the need to fulfill their financial limitations while procuring machineries and equipments was long felt. EFL has taken a decision to assist all these users by giving them easy finance options to procure the machines of their choice and to position itself as the best finance option for construction equipment and machinery.

In the construction machinery segment EFL has business tie ups with leading manufacturers of all kinds of construction machineries and equipments. These manufacturers have been in the market for more than a decade. Customer support and satisfaction are the result of technical expertise; state of the art production facilities; prompt after sales service and total commitment to industry requirements. Their never ending customer list is a fitting tribute to their hard work and long term vision. These manufacturers are getting to world class standards and are able to compete globally.