SK Finance Limited was incorporated as Ess Kay Auto Finance Private Limited' at Jaipur, Rajasthan as a Private Company, dated November 21, 1994, issued by the RoC. Thereafter, Company converted to a Public Limited and the name was changed to Ess Kay Auto Finance Limited', pursuant to a fresh Certificate of Incorporation issued by the RoC on October 18, 1996. The Company obtained the Certificate of Registration as NBFC from RBI in 1998. Again, Company was converted to a Private Company and the name was changed to Ess Kay Auto Finance Private Limited', on March 20, 1998. Thereafter, status of the Company got changed from Private Limited to Public Limited and Company name was changed to Ess Kay Fincorp Limited' through fresh Certificate of Incorporation issued by the RoC on September 4, 2017, and finally the name of Company got changed to SK Finance Limited' and a fresh Certificate of Incorporation was issued by the RoC on September 7, 2021.

S K Finance was established in 1994 by Rajendra K Setia. The Company is non-banking finance company middle layer (NBFC ML), operating in two verticals, vehicle financing and financing for Micro, Small and Medium Enterprises (MSME). In vehicle financing vertical, Company have a secured, granular and retail loan portfolio for financing used and new commercial vehicles ; cars and tractors as well as new two-wheelers. In addition, it identified specific businesses into the MSME sector resulting which it offer loans.

The Company started MSME lending business in late 2016, where it primarily lend for purpose of working capital requirements of these businesses, which are fully backed by assets to mid to low-income category of customers that are predominantly self-employed, unbanked or underbanked individuals. It opened there first branch in Gujarat in 2012. It raised their first private equity funds from Banyan Tree Growth LLC. In 2016, it opened branches in Madhya Pradesh and Punjab; opened t branches in Maharashtra and Haryana in 2017; and raised private equity funds from Norwest, Karma Holdings Mauritius Limited, Baring Private Equity India AIF and Evolvence India Fund II Ltd.

In 2018, the Company raised private equity funds from TPG, Norwest and Evolvence Coinvest I; further raised private equity funds from TPG, Evolvence India Fund III Ltd. and Norwest in 2019; opened Chhattisgarh branch in year 2020; opened branches in Delhi NCR, Himachal Pradesh and Uttarakhand in 2021 and also raised private equity funds from certain existing investors and IIFL Special Opportunities Fund - Series 9, Massachusetts Institute of Technology and 238 Plan Associates LLC.

In 2023, the Company opened branches in Uttar Pradesh and Karnataka in 2023 and raised private equity funds from certain existing investors and DC Ikka Ltd, DC Uno Ltd, Axis Growth Avenues AIF - I and Mirae Asset Late Stage Opportunities Fund. In 2024, it has raised private equity funding from certain existing investors and India Business Excellence Fund IV.

The Company is proposing the Public Offer aggregating to Rs 2200 Cr., by raising fund comprising of Rs 500 Cr. equity shares through fresh issue and Rs 1700 Cr. equity shares through Offer for Sale.