About Mangal Finserv
Mangal Finserv was a Financial Services company based in Mumbai (India) founded in 2019 by Nilesh Jain and Hardik Jain. It delivers comprehensive loan solutions for home, working capital, gold, SME, and other financial needs. It operates on a B2B model. Its Indian entity Mangal Finserv Private Limited reported revenue of ₹1.83 Cr. The company is recorded as dissolved. Its focus areas include Banking and Lending, Loan Services and Personal and Business Loans. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Mangal Finserv operates with a B2B model, focusing on offering financial products and advice, banking and lending, loan services, and personal and business loans. Delivers comprehensive loan solutions for home, working capital, gold, SME, and other financial needs. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Mumbai, India
- Founders Nilesh Jain, Hardik Jain
- SectorsFinancial Services
- Website mangalfinserv.com
- Social X Facebook
- Legal Name Mangal Finserv Private Limited
- Date of Incorporation 27 Mar, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.83 Cr
FY 2025 · +890% YoY
- Net Profit₹67.4 Lakh
FY 2025 · 37% margin
- EBITDA₹1.13 Cr
FY 2025 · 62% margin
Associated legal entities of Mangal Finserv
Mangal Finserv operates through Mangal Finserv Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mangal Finserv Private Limited CIN U67100MH2019PTC323159 | Active | 27 Mar 2019 | Mumbai, Maharashtra | ₹1.8 Cr | 2 | View details |
Board of directors of Mangal Finserv Private Limited (Mangal Finserv)
Mangal Finserv Private Limited is the primary company behind Mangal Finserv. The board of Mangal Finserv Private Limited currently have 2 directors; the longest-serving is Harshad Suresh Jain, appointed in 2023. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harshad Suresh Jain DIN 10163638 | Director | 15 May 2023 | 3 yrs 6 mo | Mangal Finserv Private Limited |
| Naval Kamalkishor Maniyar DIN 06657440 | Director | 31 May 2025 | 1 yr 5 mo | Mangal Finserv Private Limited |
People of Mangal Finserv
2 people are tracked at Mangal Finserv (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Mangal Finserv
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Financials of Mangal Finserv
Figures of Mangal Finserv Private Limited, the primary company behind Mangal Finserv, for FY 2025. Revenue was ₹1.83 Cr (+890% year on year). Net profit was ₹67.4 Lakh (37% margin). EBITDA was ₹1.13 Cr (62% margin). Revenue has grown at a compounded annual rate of +101% over three years.
- ₹1.83 CrRevenue · FY 2025 · +890% YoY
- ₹67.4 LakhNet profit · 37% margin
- ₹1.13 CrEBITDA · 62% margin
- ₹1 LakhPaid-up capital
- +101%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Mangal Finserv Private Limited are on its company page.
Detailed financial statements for Mangal Finserv
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Similar companies to Mangal Finserv
Mangal Finserv has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. |
Detailed similar companies of Mangal Finserv
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Mangal Finserv (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Mangal Finserv
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Frequently Asked Questions about Mangal Finserv
Mangal Finserv was founded in 2019.
Mangal Finserv is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Mangal Finserv, Mangal Finserv Private Limited, reported revenue of ₹1.83 Cr for FY 2025, up 890% year on year.
Mangal Finserv operates with a B2B model, focusing on offering financial products and advice, banking and lending, loan services, and personal and business loans. Delivers comprehensive loan solutions for home, working capital, gold, SME, and other financial needs. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Mangal Finserv's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Mangal Finserv operates through Mangal Finserv Private Limited.
The legal entities of Mangal Finserv currently have 2 directors, including Harshad Suresh Jain, Naval Kamalkishor Maniyar.