Haryana Capfin Ltd was formally created and deployed as a legal entity in the name and style "Haryana Engineering Pvt Ltd" on September 9, 1998. The Company was converted into Haryana Engineering Limited with effect from February 3, 2006. The name of the Company has been changed to Haryana Capfin Limited with effect from August 09, 2006.

In July 2006, as per scheme of arrangement, Jindal Drilling and Industries Limited transferred its entire business, pertaining to the Casinvest division to the company with effect from April 1, 2005. The company`s main activities are investment and financing.