Last Mile Enterprises Ltd., previously operating under the name Trans Financial Resources Limited, was established in September 1994. Trans Financial Resources was founded by Hemrajsinh Vaghela and his associates. The company specializes in financial consultancy, lease and hire-purchase syndication, arranging bill discounting limits, inter-corporate deposits, bridge loans against public issue/right issues, capital structuring, and consultancy for public/right issues.
In February 1995, the company conducted a public issue to enhance its long-term resources, aiming to fulfill the requirements of its business and expand its fund-based activities. Throughout the fiscal year 1995-96, the paid-up equity capital increased from Rs 3.57 crore to Rs 5.02 crore. This growth resulted from the allotment of 1,500,000 equity shares of Rs 10 each on a preferential basis to promoters, with a premium of Rs 1 per share.
In February 1995, the company conducted a public issue to enhance its long-term resources, aiming to fulfill the requirements of its business and expand its fund-based activities. Throughout the fiscal year 1995-96, the paid-up equity capital increased from Rs 3.57 crore to Rs 5.02 crore. This growth resulted from the allotment of 1,500,000 equity shares of Rs 10 each on a preferential basis to promoters, with a premium of Rs 1 per share.
