Mangal Credit & Fincorp – Fast, Flexible, And Secure Loan Solutions Across India

Introduction To Mangal Credit And Fincorp Limited

Mangal Credit and Fincorp Limited (MCFL) is a BSE and NSE-listed Non-Banking Financial Company (NBFC) known for its strong presence in gold loans, loans against property (LAP), and unsecured MSME loans. With a customer-first approach and a branch-led model, the company serves borrowers across Maharashtra, Gujarat, West Bengal, and Rajasthan. Its diverse lending portfolio includes short-term unsecured SME loans (1–3 years), secured gold loans, and long-term LAP loans (2–10 years) with amounts ranging from INR 50,000 to INR 3 crore. By offering quick approvals, flexible repayment options, and competitive interest rates, Mangal Credit has positioned itself as a reliable financial partner for individuals, small businesses, and entrepreneurs.

To date, Mangal Credit has disbursed over INR 800 crore in loans, building a strong track record of trust and performance. The company operates 24 branches, ensuring local reach with personalised service. Financially strong and profitable, it has reported consistent net profit margins of over 30% in the last three years, backed by a healthy Capital Adequacy Ratio (CAR) of 43.4% as of December 2024 and Net Interest Margins (NIMs) between 12–13%. With its robust capital base, diversified products, and customer-centric focus, Mangal Credit is steadily growing as a dependable name in India’s NBFC sector.

Board Of Directors Of Mangal Credit And Fincorp Ltd. 

Here is the list of the Board of Directors of Mangal Credit & Fincorp Limited, along with their designations:

1. Mr. Meghraj Jain – Managing Director & Chairman 
2. Mr. Nilesh Jain – Executive Director & Chief Financial Officer (CFO)
3. Mr. Hardik Jain – Executive Director 
4. Mr. Sujan Sinha – Non-Executive, Non-Independent Director 
5. Mr. A. Ramanathan – Independent Director 
6. Mr. Sriram Sankaranaryanan – Independent Director 
7. Mr. Subramanyam Ganesh – Independent Director 
8. Ms. Vineeta Piyush Patel – Independent Director

Source: Mangal Credit & Fincorp Limited¹

Products Offered By Mangal Credit And Fincorp Ltd

1. Gold Loan

Borrowers can get a swift loan by pledging their gold jewellery. Mangal Credit offers customised repayment plans and competitive interest rates, making this a quick and convenient financing option.

2. Personal Loan
This is a flexible, unsecured loan ideal for a variety of personal needs—be it home renovation, schooling, travel, or weddings. These loans require minimal documentation and offer attractive interest rates along with easy prepayment options.

3. SME Loan
Designed for small and medium firms, this loan helps businesses expand quickly, funding inventory, infrastructure upgrades, or operating capital. The application is simple and fast, offering hassle-free access to funds up to INR 20 lakh with affordable rates.

4. Loan Against Property (LAP)
A secured loan where borrowers pledge residential or commercial real estate as collateral. Offers larger loan amounts, lower interest rates, and versatile usage—be it for upgrading business equipment, consolidating debt, or covering personal expenses like education, weddings, or medical needs.

Mangal Credit & Fincorp's product suite, spanning from gold loans to SME financing and longer-term LAP, meets diverse needs under one roof. Fast approvals, straightforward documentation, and flexible repayment structures make their offerings appealing and accessible to both individuals and businesses alike.

Source: Mangal Credit & Fincorp Ltd.²

Mangal Credit And Fincorp Ltd. Customer Care

For any investment-related queries or support, the Mangal Credit and FinCorp customer care team is here to help. You can reach them at 022 4246 1300 or email: info@mangalfincorp.com.

Fast Gold, SME, And Personal Loan Solutions

Mangal Credit & Fincorp Limited stands out with its quick, branch-led lending model offering gold loans, personal loans, SME loans, and loans against property (LAP) all This approach ensures that customers receive immediate financial support tailored to their needs, whether it is for an emergency, business expansion, home improvement, or debt consolidation.

Serving over INR 800 crore in disbursals across 24 branches in key states like Maharashtra, Gujarat, West Bengal, and Rajasthan, Mangal Credit offers a blend of convenience and personalised service that bridges formal financial access gaps. Combined with strong profitability margins consistently above 30% and a robust Capital Adequacy Ratio (43.4%), the company positions itself as a trusted and efficient choice for diverse borrowers

Key Strengths Of Mangal Credit And Fincorp Ltd.

1. Strong And Steady Profits
Over the past three years, Mangal Credit has consistently delivered high profits, averaging above 30%. In the first nine months of FY25, the company reported a net profit margin of 28.6%. This steady performance is the result of strong growth in assets under management (AUM), healthy net interest margins (NIMs), and effective control over operating costs.

2. Support From Big Lenders And Low Debt Levels
The company enjoys reliable funding from well-known institutional lenders like Indian Overseas Bank, Tata Capital, SBI, Federal Bank, and Hinduja Leyland Finance. With a low leverage ratio of just 1.3x as of December 2024, Mangal Credit has been able to maintain a high capital adequacy ratio (CAR) of over 40% for the past three years, reflecting financial strength and stability.

3. Better Asset Quality Over Time
By focusing more on secured loans and efficiently managing its loan portfolio, the company has been able to improve asset quality. The proportion of loans overdue by more than 90 days (90+ DPD) has reduced from 2.4% in March 2022 to 2.0% in December 2024. Even in the last nine months, it dropped from 2.6% in March 2024 to 2.0% in December 2024.

4. Strategic Location Advantage
 Most of Mangal Credit’s borrowers are located in Maharashtra and Gujarat, with its SME loans mainly focused on Tier 1 cities. This geographical focus helps in ensuring better loan collections and recovery. The company currently operates 24 branches and plans to expand further into Tier 1 cities in Rajasthan in the coming years.

5. Positive Liquidity Position
The company maintains surplus liquidity in every time period up to five years, meaning it has more funds available than needed in each maturity bucket. This positive asset-liability management (ALM) ensures that Mangal Credit can meet all its payment obligations comfortably.

6. Strong Loan Security
Mangal Credit maintains a healthy security cover of 1.25x on its Gold and Loan Against Property (LAP) portfolio, secured through hypothecation charges. Additionally, the promoters, Mr. Meghraj Jain and Mr. Hardik Jain, provide personal guarantees, adding another layer of safety for lenders and investors.

Financial Snapshot Of Mangal Credit And Fincorp Ltd

Source: Source: audited financials, credit rating reports
To arrange the capital, Mangal Credit and Fincorp Ltd. also offer corporate bonds. These opportunities from the company are secured and are rated by credit rating agencies. On Grip Invest, investors invested in CRISIL ‘BBB’ rated bonds of the company that offered fixed returns of up to 12.50%. To invest in similar, rated, regulated, and secured fixed-income opportunities, sign up for Grip Invest today and start earning fixed returns:

References:

1. Mangal Credit & Fincorp Limited, accessed from: https://mangalfincorp.com/boardofDirectors.aspx

2. Mangal Credit & Fincorp Limited, accessed from: https://mangalfincorp.com/product.aspx

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