ORIX Auto Infrastructure Services Ltd (OAIS) was established as a joint venture between ORIX Corporation, Japan (ORIX) and Infrastructure Leasing and Financial Services Ltd (IL&FS), India in 1995. Since then OAIS has provided lease financing of Passenger Cars and installment loans for Commercial Vehicles to automobile-related services like Car Rentals, Construction Equipment Renting, Employee Transport Solutions for BPOs and KPOs, Vehicle based ATM / Banking etc. in India.

In December 2011, ORIX acquired IL&FS’s all shares of OAIS and got its majority stake (99.98%) to expand their automobile-related businesses in the growing Indian market by providing the automobile business know-how it offers worldwide. Currently, ORIX offers automobile leasing and other related services in 19 different countries including Japan.

ORIX is in India since 1993, when it made a capital participation in IL&FS to expand its business in India. IL&FS is a finance company that was established in 1988.Its business includes commercialization of infrastructure development in India and emerging countries in Asia, financing of infrastructure projects through Build- Own – Operate (BOT) model and investment banking. Its sponsors include Central Bank of India, State Bank of India, and Life Insurance Corporation of India.

ORIX aims to capitalize on the expertise gained both in Japan and overseas to continue to expand its financial service businesses that provide new value in the Indian market where further growth is anticipated.

ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers.

ORIX has a global network that spans 27 countries and regions worldwide. ORIX is made up of 731 consolidated subsidiaries and 97 affiliates. ORIX has 1,157 offices in Japan, with 302 locations throughout the United States, Asia, Oceania, Europe, the Middle East and Northern Africa (as of September 30, 2011).