The Corporation was established on 13.3.1974 vide Government Resolution, Home Department No. CRP 0174/XV dt. 14.2.1974.It is registered under the Companies Act 1956 vide Registration No. 17281/1973-74.

The authorized share capital is Rs. 10.00 crores and paid up capital of 7.96 crores.

The Main objective of the Corporation is to construct houses & administrative buildings and to formulate & execute welfare schemes for personnel of Police & Jail Departments.