Haryana Capfin Ltd, originally established as Haryana Engineering Pvt Ltd in 1998, is a finance and investment company. It transitioned to a public limited company in 2006 and adopted its current name on August 9, 2006. The company's major development occurred in 2005-06 when it incorporated the Casinvest Division from Jindal Drilling & Industries Limited through a demerger. This strategic move was effective from April 1, 2005, resulting in the allocation of 51,34,161 fully paid equity shares to Jindal Drilling's shareholders. The share allocation followed a ratio of 57 new shares for every 100 shares held in Jindal Drilling as of September 19, 2006. Haryana Capfin Ltd's business focus remains on finance and investment activities, leveraging its historical ties with Jindal Drilling to expand its shareholder base and financial operations.
