CIFCO Finance was incorporated on February 16, 1984 as a Public Limited Company in Maharashtra. The company was promoted by Champaklal Investment and Finance Consultancy limited & its associates. Its objects & activities constitute business in leasing & hire-purchase, dealing in short-term money market instruments, business of underwriting placement and investments etc.
The Company was engaged in booked hire-purchased business & lease business. As a measure of diversification, it entered into the business of financing consumer durables. It also has a major operational centre with a safe deposit vault at Pune, incorporating safe deposit vault with 900 lockers. The company also entered into business of bill discounting and rediscounting, trading in shares, placing inter-corporate deposits & venture finance.
CIFCO Finance had two investment companies namely, Kumkiar investments & Trading and Kesuda Investments & Trading as its subsidiaries.
The company has been delisted from the BSE due to penal reasons.