Company Profile
 

Phoenix Finance & Investments Limited (Former Phoenix Leasing Company Limited), one of the leading and reliable multi products Financial Institution in Bangladesh was incorporated in Bangladesh on April 19,1995 as Public Limited Company under the Companies Act 1994 and started its operation on May 9 1995 as a Non Banking Financial Institution under Financial Institution Act 1993 , it has changed its name to Phoenix Finance &  Investment Limited (PFIL) with a view to reflecting multi-dimensional financial activities the company has been doing other than Lease Financing which although , has remained as the prime area of the financial activities.

Authorized capital of the Company is TK,1000 million divided into 10,000,000 ordinary shares of TK.100 each. PFIL has floated its share through the Initial Public Offering (IPO) of the Company for 12,50,000 Ordinary Share of TK 100 each at par amounting to Tk 12.50 crore in 2007. Now the paid up capital of the Company has been raised to 3,361,875 share amounting to Tk 336,187,500. The shares of the Company were listed with Dhaka and Chittagong Stock Exchanges on September 25, 2007.

Sponsor shareholders of the company includes a renowned corporate body namely Phoenix Insurance Company Ltd , a leading Insurance Company in Bangladesh .Others are Individuals having wide range of experience in the field of Commerce and Industries .

The main objective of Phoenix Finance and Investments Limited is to allocate scarce financial resources to capital investment through funding in capital machinery / equipment specially BMRE of the existing industrial enterprise to stimulate the industrial development of the country and also to provide financial assistance through leasing and other multi- dimensional products & services to all levels of entrepreneurs for a wider range of asset acquisition.

The company has also diversified its products and services to such other areas as Housing and Real Estate, Bridge Financing, short term and Mid Term Loan and startup working capital to cater to divergent needs of the economy , The company also opened a SME Branch in Dhaka on February 7, 2007 for promoting Small and Medium enterprise (SME) exclusively for alleviation of poverty through creation of employment and generation of income on a sustainable basis. Besides this, PFIL also recently acquired 100% ownership of Brokerage Company dealing with the Dhaka Stock Exchange to further diversify its investment activities.

Phoenix Finance & Investments Ltd.(PFIL) has targeted its financing operation in the following areas:
 
Lease Finance Capital Machinery
Housing and Real Estate
Bridge Finance
Short Term Finance
Mid Term Finance
Bill Purchase
Financing against confirmed work order
Start-up working capital
Term Deposit Scheme
Deposit Pension Scheme
 
Company Milestones
April 19, 1995 Incorporation
April 19, 1995 Commencement of Business
May 09, 1995 Licensed under Bangladesh Bank
April, 1996 Member, Asian Leasing & Finance Association - ALFA
September 25, 1996 Opening of Branch in Chittagong
September 21, 1997 Web Site Launched
November 05, 2000 Achieved Tk.100 crore Finance
August 04, 2004 Opening of Branch in khulna
September, 2004 Member, Association of National Development
Finance Institutions in Member countries of the Islamic Development Bank - ADFIMI
September 19, 2005 Opening of Branch in Bogra
January, 2006 Member, Institute of Bankers, Bangladesh - IBB
February 01, 2007 Company changes name from PLC to PFIL
February 07, 2007 Opening of SME Branch in Dhaka
February 12, 2007 Acquisition of DSE Member Company