Evolution of MF
Today MFIL is a growing commercial vehicle finance entity operating across 7 states with over 150 branches led by a 3-member promoter team with a combined business experience of over 50+ years. Built on traditional values and over the decades the MFIL family has been growing and as on Sep 24 we have a total team strength of 500+ people and have built a strong customer base of over 20,000+ active customers and managing an AUM of 883 Crs.
The company has a very people first approach and can boast of one of the lowest attrition rates in the industry.
Over the years the company with a strong background has been able to attract Private Equity, AIFs, Banks, NBFCs and securitization market with a tested and proven track record.
Mahaveer Finance India Ltd. CIN: U65191TN1981PLC008555 ABOUT US TEAM MEDIA Evolution of MF VISION & MISSION OUR VALUES CONTACT US our network OUR PARTNERS CAREER Customer awarness Cancellation & Refund online loan application Privacy Policy SUBSCRIBE TO OUR NEWSLETTER
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Our journey
Milestones
1981
Company Incorporated
1987
Taken over by current promoters
1989
State Bank of India led Consortium was formed & started accepting Public Deposits
1997
One among the 800 Deposit taking license holders to get a renewal from RBI out of 12,000 deposit taking NBFCs
2002
Started with securitization & Franchise model
2012
Grown the book from 6 Cr to 80 Cr
2015
Expanded into Tamil Nadu & Double our equity base
2016
Entered the state of Andhra Pradesh
2017
Delisted from Madras Stock Exchange
2017
Entered the state of Telangana
2018
Raised Private Equity from Banyan Tree
2019
Crossed 200 Cr AUM with 53 branches in 5 states