The Motor & General Finance Limited (MGF) was incorporated in year 1930. It is one of the oldest finance companies of India. The company initially was managed by the Board of Directors of the Company. Late Shri Ved Prakash Gupta, was the founder Chairman of the company. His Office functioning made the MGF to become a leading Non Banking Finance Company in the country. He was doyen of automobiles financing in India particularly by the Hire Purchase mode.

With over 95 years of working MGF has been a role model for new companies entering the field. MGF gave India its first impression of automobiles, hire purchase for financing the commercial vehicles. MGF commenced its activities with Delhi as a base and to cater to the requirements of valued customers, it expanded its operations to all important cities of the country.

Sh. Ved Prakash Gupta was an active member of Dhotre & Shah Committees constituted by Reserve Bank of India , it was his vast experience and farsightedness which helped the Committees in taking decision for formulating & laying the rules and regulations of NBFCs in India. He remained President & Chairman of Hire Purchase and Leasing Association for quite number of years and had contributed significantly to the growth of the said associations. His conviction & vision that even the common man can become self reliant made thousand of families directly or indirectly benefit themselves.

His was selfless and philanthropic contributions to various educational, social and religious institutions, after serving 75 years , he left for his heavenly abode on 20th August,2005.
The company diversified into Lease financing earth moving equipment for the construction and mining industries. The company was also involved into merchant banking activities and other areas like corporate advisory services, single point fund management for corporate clients and factoring of debts. It was granted license of Merchant Banker which in view of lesser business procurement was surrendered later on. MGF floated a company with Citicorp Securities and Investments(CSIL), an associate of Citibank, to offer scientifically development collection systems.

MGF and its associate companies enjoys a good reputation and has impeccable track record of meetings its commitment of repaying deposits and other liabilities in an organized manner and that too without giving complaint whatsoever.

Further inspite of adverse trends prevailing all around including liquidity constraints, the company has been endeavouring its best efforts to ensure that it meets its commitment of repayment of deposits and also reduce total amount of outstanding of the banks. The company does not have any outstanding deposits. The company has a sound and healthy asset base. It has made investments in properties yielding handsome returns.

The company's shares are listed at NSE and BSE. The company's equity shares were splited in the year 2020 into the face value of Rs. 5/-each per equity share from the face value of Rs. 10/- per equity share. The present paid up capital is 19,36,35,950 dividend into 3,87,27,190 equity shares of the face value of Rs. 5/- per share. It is actively traded shares.

It is no longer a Non Banking Finance Company(NBFC). In the year 2013, the company surrendered Certificate of Registration(COR) to Reserve Bank of India. The company,at present, is engaged in the business of leasing and development of real estate.