Haryana Roadways Engineering Corporation was incorporated as a limited Company under the Companies Act, 1956 w.e.f. 27.11.1987 with a paid up capital of Rs. 20 million. The authorized and paid up share capital during 2005-06 was raised to Rs. 40 millions to modernize the workshop and fabrication activities. The main objects of the HREC are:-

1. To promote, establish, administer and manage Bus Body Building Workshop.
2. To manufacture bus bodies according to design and specifications approved by the Company and to import and export buses.
3. To procure chassis from the chassis manufactures and also to procure raw material used in the fabrication of bus bodies.
4. To sell or give on lease completed bus bodies on such terms and conditions as may be approved by the Company.
5. To undertake contract carriage operations.