The company was formally created and deployed as a legal entity in 1980, under the name Sandeep Holding Pvt Ltd. It became a subsidiary of Mafatlal Industries during the same year. In Oct.'80, the company became a public limited company. A preferential offer of shares of the company was made to the shareholders of Mafatlal Industries in 1981-82 and the company ceased to be a subsidiary of Mafatlal Industries. Thereafter, the Stanrose group executed a strategic acquisition of further holding from other shareholders, resulting in the company becoming a constituent of Stanrose group of companies. The company has a controlling interest in the flagship of Stanrose group, viz, Standard Industries. The name of the company was changed to the present one -- Stanrose Mafatlal Investment and Finance.

The company is engaged in investments and inter-corporate deposits. The company has investments in several blue-chip diversified companies. In the inter-corporate finance section, the company delivers comprehensive solutions in finance to its corporate clients for their short-term fund requirements by way of inter-corporate deposits. Some of its clients are McDowell and Co, IIT Capital Services, Merind, Standard Industries, G L Rexroth Industries, etc.

The company has two wholly-owned subsidiary companies -- Sandeep Traders and Investments and Stanrose Holdings -- both of which are engaged in investments and inter-corporate finance.

Due to recession the real estate industry the joint venture project of property development was deferred.