Incorporated as a public limited company in Mar.'95, Arihant Avenues and Credit was promoted by Mohanlal M Mehta, Dineshkumar M Mehta, Arvindkumar H Hundia and Laxman H Vaghela.

The company is presently in the busines of short term lending. It proposes to take up two major areas of operations -- real estate development and construction; financial services like investments, leasing and short term lending. It has executed a strategic acquisition of freehold land in the Jhalore district of Rajasthan and at Ahmedabad, for construction of residential bunglows.

The company came out with a public issue in Feb.'96 to part-finance its long-term working capital requirements for the development and construction of housing projects and, to part-finance the long-term fund requirements for the proposed financial activities.

The sales for the year 1999-2000 were reported at Rs 14 lacs and a net profit at Rs 7 lacs.