Arihant Avenues and Credit, promoted by Mohanlal M Mehta, Dineshkumar M Mehta, Arvindkumar H Hundia and Laxman H Vaghela was incorporated as a public limited company in March 1995.The company came out with a public issue in February 1996 to part-finance its long-term working capital requirements for the development and construction of housing projects and, to part-finance the long-term fund requirements for the proposed financial activities.