Hare Shree Finance Limited was incorporated as public limited company in Dec.'90 and changed its name to Nexcen Softech Ltd. It was promoted by Ram Niwas Mittal, Monica Mehra and Sudesh Wadhawa. Its activities included investment in shares, securities, consultancy and advisory services, leasing, hire purchase, loans and advances, bill discounting and incorporate deposits but later the company diversified into software development business. In Apr.'96, the company came out with a public issue of Rs. 3.01 cr. to part finance the proposed expansion programme, to strengthen its fund based activities of underwriting, equity research and corporate advisory services and to expand its investments in primary and secondary market.