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₹88.30a day ago
₹90.00a day ago
My Mudra Fincorp Limited was originally incorporated as a Private Limited Company under the name ‘My Mudra Fincorp Private Limited’ under the Companies Act, 1956 pursuant to a certificate of incorporation dated September 11, 2013 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting held on August 11, 2023 the company was converted into a Public Limited Company and consequently the name of the company was changed from ‘My Mudra Fincorp Private Limited’ to ‘My Mudra Fincorp Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 19, 2023, issued by the Registrar of Companies, Delhi.My Mudra Fincorp functions as a Channel Partner (DSA) Direct Selling Agent for major Banks and NBFCs operating in India. Its business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) marketing approach to acquire customers for the banks and NBFC’s. Specializing in the distribution and sales of a diverse range of financial products as channel partner, it offers secured loans such as home loans and loans against property, unsecured loans like business loans and personal loans, professional loan as well as credit cards to the procured customers. It has expanded its services to include the distribution of insurance products. Through its dedication to offering exceptional financial solutions and consultancy services, it has distinguished its self in the highly competitive and ever-evolving Indian financial services sector.It provides its customers with the ability to research and compare a wide range of lending and insurance products offered by its lending and insurer partners, enhancing choice and transparency. Once customers share their requirements, it presents multiple options, detailing related costs and features in a clear and simple manner, enabling informed decisions for applications to the appropriate financial institutions, such as banks or NBFCs. Upon credit approval, the loan is conveniently sanctioned. The company ensures faster service and disbursement of loans at the most competitive interest rates and terms acceptable to the customers. It generates revenues from the commissions it receives through its various business segments. For its loan-related business, it earns commissions from its lending partners. In its credit card-related business, it receives commissions and fees from the credit card providers.Business area of the companyThe company operates as a Channel Partner (DSA) for major Banks and NBFCs in India.Products of the companyPersonal loansBusiness loansProfessional loansSecured loanCredit cardInsuranceHistory and milestones2013: Incorporation of the company.2017: Established first branch at Indore locations.2022: Award Given by Kotak Mahindra Bank for exemplary performance and contribution to the business.2023: Conversion of the Company from Private Limited to Public Limited Company.2024: Crossed a revenue of Rs 70 crore.
