ORIX Leasing Pakistan Limited (“OLP”) was established in July 1986 as a joint venture between ORIX Corporation, Japan and local investors. OLP commenced commercial operations in January 1987 and is listed on all three stock exchanges in Pakistan. It is headquartered in Karachi and has 27 branches situated in 25 cities.
OLP’s major shareholder is ORIX Corporation of Japan (ORIX) having 49.6% shareholding. Established in 1964, ORIX is one of Japan’s leading integrated financial services group with operations in 27 countries worldwide. The group had total asset base of US$101billion and equity of US$ 17 billion as at March 31, 2012.
OLP offers cost effective value-added financial products and customized services to a wide array of customers throughout the Country. The blend of international experience and local expertise acquired over the last 26 years provides OLP a distinctive competitive edge. OLP takes pride in the fact that it has played a major role in economic development of the Country by supporting the Small and Medium Enterprises (SME) Sector and creating thousands of jobs directly and indirectly. It has helped grow numerous small businesses into medium sized enterprises. Today, OLP is one of the most prominent Non-Banking Finance Companies in Pakistan with presence across the Country and a large network of individual and corporate customers.
OLP has strategic investments and board representations in five associated overseas joint venture leasing companies, and a real estate company in Pakistan. In addition to management support and technical assistance provided by OLP to these associated companies, all overseas associates are headed by Chief Executives deputed from OLP.
OLP is the member of the following Associations.
Korangi Association of Trade & Industry
Management Association of Pakistan
NBFI & Modaraba Association of Pakistan
Overseas Investors Chamber of Commerce & Industry
OLP’s traditional business is equipment and vehicle leasing. While it remains the core business, other products have been added to expand the overall business and spread risk. Today, the products offered are:
OLP’s core business is leasing of moveable assets which are mainly machinery, equipment, automobiles, trucks, buses and office equipment. Diversification, both within customers and products, continues to be the key strength of the company. The Company’s main focus is on SME’s. This policy has been instrumental in enabling the Company to absorb economic and market stresses from time to time.
While lease financing remains the core business, ancillary financial services have also been added to OLP’s product range. These include auto leasing to salaried employees, self-employed professionals and businessmen, short term rental of diesel and gas generators on operating lease, point of sales network for processing debit, credit, loyalty and prepaid cards, micro-credit, agri-lease and factoring receivables. OLP also offer attractive Certificates of Investments to both individual and companies.
Critical Success Factors
Today OLP occupies a leading position in the leasing industry. The company’s success may be attributed to its
Diversified product lines
Technical ability based on the experience of ORIX Corporation.
OLP extends lease facility to all segments of the market. However, its target market remains small to medium-sized companies, spread across different manufacturing and services sectors including textile, sugar, cement, pharmaceutical, engineering, energy, food, paper and board, financial services and distribution. Being the first leasing company to enter this segment of the market, OLP understands the needs of its niche market and has been able to achieve a high degree of risk diversification.
OLP has a wide branch network, with branch offices in cities throughout Pakistan. This has enabled the Company to develop a large customer base and access the small and medium-sized ticket market effectively.
OLP has successfully applied its innovative strength to its fund raising ability. Efforts to diversify sources of funding have been successful and support of local financial institutions and banks is increasing in recognition of the company’s financial strength and sustained growth.
Leasing with Confidence
In today’s business environment, when customized financial solutions and personalized services make a difference, ORIX by virtue of its resources, expertise and experience is the leasing company that leads from the front and delivers total customer satisfaction.
Relationship with ORIX Group
OLP enjoys good relations with the ORIX Group, enabling it to capitalize on the expertise of other Group companies. Over the years, OLP’s staff has visited various group companies under an exchange program under which employees of OLP are sent overseas for training every year. OLP also contributes to the group by referring business and investment opportunities in Middle East North Africa and Central Asia regions and has actively participated in establishment of five overseas and one local company in Pakistan. Operations of overseas associated companies are managed by executives deputed from OLP.