Ramesh Iyer, Vice Chairman and Managing Director of Mahindra Finance, and Raul Rebello, Managing Director and CEO (Designate) of Mahindra Finance, recently held a productive meeting with the President of Sri Lanka, accompanied by the management team of Mahindra Ideal Finance. The meeting was held to discuss Mahindra Finance’s current and future business interests in Sri Lanka.
Mahindra Ideal Finance Limited (MIFL) is a subsidiary of Mahindra Finance in Sri Lanka. Mahindra Finance holds 58.2% equity stake in MIFL. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.
Mahindra Ideal Finance looks at enhancing its customer value proposition by offering a wide suite of products, such as, gold loans, leases for personal vehicles, commercial trucks, two and three-wheelers, SME loans, consumer finance loans and personal loans.
MIFL is also aiming at rapidly increasing its branch network across the island to ensure it is able to service its customers as close to their doorstep as possible. Recently, Mahindra Ideal Finance announced that they opened their 27th branch.
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