Mahaveer Finance

Mahaveer Finance India Limited (MFIL) is a commercial vehicle finance company operating across five states in India. With over 50 branches, MFIL serves a diverse clientele, primarily focusing on individuals and businesses in need of financing for commercial vehicles. The company operates in the non-banking financial sector, providing loans for the purchase of trucks, buses, and other commercial vehicles.

MFIL's business model revolves around evaluating the creditworthiness of potential borrowers through data collected from various sources, including credit bureaus and other financial institutions. This data helps the company adhere to Know Your Customer (KYC) requirements and regulatory compliance. The company generates revenue through interest on loans and associated fees.

Founded on traditional values, MFIL boasts a strong team of 250 employees and a customer base of over 10,000 active clients. The company manages an Assets Under Management (AUM) of 200 crore INR and prides itself on a people-first approach, resulting in one of the lowest attrition rates in the industry.

Keywords: commercial vehicle finance, non-banking financial sector, creditworthiness evaluation, KYC compliance, loan processing, customer communication, regulatory compliance, online payment authentication, extensive branch network, low attrition rate.