GE Capital India was established in 1993 as a wholly owned subsidiary of GE Capital Services, USA. GE Capital Services is one of the largest and most diversified corporates in the global finance market with assets of US $300 billion.It consists of 27 diversified businesses in the areas of consumer services, equipment management, mid-market financing, specialised financing and speciality insurance. In 1998, GE Capital Services had net earnings of US $3.8 billion and achieved a 23.5% return on equity.

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