The company was formally created and deployed as a legal entity as Jolly Fiscal in Jul.'92. The name of the company was changed to the present one in Sep.'94. The company was promoted by Jayesh R Mor.

The company is engaged in financial services like leasing, hire-purchase, project financing, loan syndication, etc. The company's leasing portfolio covers leasing of plant and machinery, automobiles, household and office equipment.

The company came out with a public issue of 42 lac equity shares of Rs 10 each at par, aggregating Rs 4.2 cr, to part-finance the project under implementation for making available financial services, hire purchase, leasing and related areas. The company proposes to expand its activities and provide other financial services like corporate finance.

In 1998-99, the company diverified into Trading / Exports of various items where there is reasonable profit margin.