KICL was incorporated on 25th June, 2009, under the Companies Act, 1956, as a public limited company. Pursuant to the Scheme of Arrangement, approved by Hon’ble High Court of Judicature at Bombay, the ‘Investment Division’ of the Kalyani Steels Limited and ‘Undertakings’ of the Amalgamating Companies viz. Chakrapani Investments & Trades Limited, Surajmukhi Investment & Finance Limited and Gladiolla Investments Limited were transferred to and vested in KICL w.e.f. 31st March, 2010.
The Company is an Investment Company holding a varied investment portfolio consisting of both listed and unlisted companies which are in diversified sectors as forging, steel, power generation, chemicals and banking etc.