Alfavision Overseas Ltd., previously widely referred to as Alfavision Securities and Finance was formally created and deployed as a legal entity as a private limited company on 2 Jun.'94 and was converted into a public limited company in Sep.'94. It changed its name in Oct.'98, consequent to its change in operations to trading, export and import. The company was promoted by V P Goyal and Suresh Mittal.

Alfavision is engaged in lease and hire-purchase syndication, arranging bill discounting limits and bridge loan against public issue / rights issue, financial consultancy, preparation of feasibility reports, inter-corporate deposits and investments.

The company came out with a public issue in Jul.'95 to consolidate its capital base and further augment its long-term resources to meet the needs of its expanding business of leasing heavy vehicles like trucks and of machinery used in the cotton processing, pharmaceutical, soya-based and oil-extraction industries and distilleries.