Mangalam Industrial Finance Limited Unveils 'CloudBankin'

Mangalam Industrial Finance Limited (MIFL), a leading NonBanking Financial Company (NBFC), has taken a significant step towards enhancing financial inclusion and customer satisfaction with the launch of its ground-breaking digital platform, "CloudBankin." This user-friendly and innovative platform utilizes advanced technology to provide seamless solutions for customers seeking personal, business, and electric vehicle loans.

With a legacy of delivering trusted financial solutions, MIFL's move into digital lending marks a milestone in its evolution. The CloudBankin platform streamlines the loan application process, minimizing paperwork and enabling faster approvals. Customers can now apply for loans online, track application progress in real-time, and make repayments conveniently through the platform.

Expanding its Offerings with Electric Vehicle Loans As part of its vision to support green mobility, MIFL has introduced Electric Vehicle Loans for two-wheelers and three-wheelers via the CloudBankin platform. This initiative reflects the company's commitment to promoting sustainable transportation solutions, empowering individuals and businesses to embrace ecofriendly mobility.

Diverse Financial Solutions at Your Fingertips the Cloudbank in platform caters to a wide array of customer needs, offering:

- Personal Loans to meet individual aspirations.
- Business Loans to drive entrepreneurial growth.
- Electric Vehicle Loans to foster the transition to green mobility.

Technology-Driven Features CloudBankin incorporates cutting-edge features to enhance customer experience, including:

- Intuitive navigation for hassle-free loan applications.
- Quick eligibility checks for instant decisions.
- Real-time updates to keep customers informed about their application status.
- Secure online payment options for seamless loan repayments.
- A Commitment to Financial Inclusion and Innovation

Through this digital transformation, MIFL aims to expand its reach and deliver exceptional service to a wider audience. By leveraging technology, the company simplifies borrowing, ensures transparency, and provides a superior customer experience.

As a responsible lender, MIFL emphasizes ethical lending practices and customer-centric policies, setting itself apart in a competitive financial landscape.

With the launch of the CloudBankin platform, Mangalam Industrial Finance Limited reaffirms its commitment to building a financially inclusive, technologically advanced, and environmentally sustainable future.

Mr. Venkata Ramana Revuru, Chairman and Managing Director, Mangalam Industrial Finance Limited., said: "We are thrilled to announce the launch of 'CloudBankin,' our innovative digital lending platform. This marks a significant milestone for Mangalam Industrial Finance Limited as we embrace technology to enhance customer experience and expand our reach. CloudBankin will offer a seamless and convenient platform for individuals and businesses to access a range of financial solutions. We believe this platform will not only streamline our operations but also empower customers with greater financial freedom and contribute to the growth of sustainable transportation."

Mr. Arun Pillai, Chief Financial Officer, Mangalam Industrial Finance Limited., added: "The launch of CloudBankin is a testament to our commitment to innovation and customercentricity. This digital platform will revolutionize how we serve our customers by providing a faster, more transparent, and more convenient loan application process. We are confident that CloudBankin will enable us to expand our customer base and further strengthen our position as a leading NBFC in the market. We are particularly excited about the inclusion of Electric Vehicle Loans, which aligns with our commitment to sustainable development and supports the government's vision for a greener future."

Shares of Mangalam Industrial Finance Ltd was last trading in BSE at Rs. 3.70 as compared to the previous close of Rs. 3.53. The total number of shares traded during the day was 10342698 in over 7042 trades.

The stock hit an intraday high of Rs. 3.70 and intraday low of 3.66. The net turnover during the day was Rs. 38174800.00.

Source : Equity Bulls

Keywords

MangalamIndustrialFinance INE717C01025 DigitalPlatform CloudBankin