Incorporated as private limited company in 1987 Moongipa Capital Finance (MCFL) was promoted by R C Jain and Sanjay Jain. In Dec, 93 it was converted into a public limited company. When the company was incorporated the main business of the company was estates & properties then its diversified into the financial sector. The company is engaged in financial activities such as merchant banking, bill discounting, project consultancy, corporate finance, leasing, money market operations. The company has full fledge equity research department which is actively engaged on research and analysis of various aspects of capital market. The company plans to diversify into the field of Software Applications and Exports and is open towards a mutually beneficial merger or collaboration.