Get All Access for $5/mo

NBFC Lender Mangal Credit and Fincorp Announces Listing on NSE The credit lender completed the listing on 16 August 2024 and registered itself as a non-deposit-taking non-banking financial company.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

(Left) Meghraj Jain, Managing Director, and Hardik Jain, Executive Director, Mangal Credit and Fincorp Limited.

Mangal Credit and Fincorp Limited, a non-banking financial services company (NBFC) recently announced its listing on the platform of the National Stock Exchange of India Limited (NSE).

The credit lender completed the listing on 16 August 2024 and registered itself as a non-deposit-taking non-banking financial company.

According to the company release, its equity shares are listed on the NSE under the ticker symbol 'MANCREDIT' and shared that investors and market participants now have access to the company's equity shares on the NSE platform.

Speaking on the company milestone, Meghraj Sohanlal Jain, Chairman and Managing Director, of Mangal Credit and Fincorp Limited commented, "We are thrilled to take this significant step by listing on the NSE. This move aligns with our strategic objectives of broadening our investor base and increasing market presence."

Meghraj added, "We believe this listing will open new avenues for growth and enable us to better serve our shareholders and stakeholders."

With the dual listing on both NSE and BSE, the company hopes to gain enhanced company visibility, increased liquidity, and better access to a wider array of potential investors.

Mangal Credit offers a lending portfolio that includes gold loans, loans against property, SME loans, business loans, and personal loans. The company also has a 'BBB / Stable' rating from CRISIL, the capital market company, and is operational in Maharashtra, Rajasthan and Gujarat.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

Multiples Private Equity Leads INR 1000 Cr Funding in Shubham Housing

With the raised funds, the Gurugram-based platform aims to propel its growth trajectory, diversifying its product offerings and strengthening its national footprint.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

Orios Venture Partners Leads USD 1.45 Mn Investment in Climate Tech Startup Sustainiam

The fresh funds will be used to launch a digital platform for trading environmental assets, scale its workforce, and expand operations globally.

News and Trends

More Funding Needed for Startups, AI to be Significant in the Future

Significant resources and funding is needed to create a strong impact in the startup ecosystem artificial intelligence (AI) starts to play a more significant role, Vineet Rai, Founder and Chairman of Aavishkar said on the sidelines of the recently-concluded Sankalp Bharat Summit in Varanasi.

News and Trends

Amazon To Invest $120 Million in India, Create Jobs

This amount will be invested in startups that digitize consumer goods manufacturing in India and cater to domestic and global demand, creating thousands of jobs

News and Trends

Three Things Yuval Noah Harari Warns About Artificial Intelligence

Warning against complacency, Harari urged stakeholders to act decisively to steer AI toward empowerment and collaboration rather than control and exploitation