Last Mile Enterprises Ltd., originally incorporated as Trans Financial Resources Limited in September 1994, is a company focused on financial consultancy services. Founded by Hemrajsinh Vaghela and associates, it offers services such as lease and hire-purchase syndication, arranging bill discounting limits, inter-corporate deposits, and bridge loans against public and rights issues. Additionally, the company provides capital structuring consultancy services. In February 1995, it issued a public offering to boost long-term resources to support and expand its fund-based operations.
In the fiscal year 1995-96, the company increased its paid-up equity capital from Rs 3.57 crore to Rs 5.02 crore. This increase was facilitated by the allotment of 1,500,000 equity shares at Rs 10 each on a preferential basis to promoters, with an additional premium of Rs 1 per share. This strategic move was aimed at strengthening its financial foundation for future growth and operational expansion.
