Inca Finlease was incorporated on March 1, 1994 as a private limited company with the Registrar of Companies, Maharashtra at Bombay. It was then converted into a Public Limited company in terms of the resolution passed in the extra ordinary general meeting (EGM) of the company held on May 28, 1994 and obtained fresh certificate upon conversion of the company from private limited to public limited from the registrar of companies, Maharashtra on July 8, 1994.