Mangal Credit And Fincorp Limited - Company Profile

Q: Where is Mangal Credit And Fincorp Limited headquartered?

Mangal Credit And Fincorp Limited is headquartered at 17011702,17Th Flr.,A Wing, Lotus Corporate Park Western Express Highway, Goregaon E, Mumbai, Maharashtra, 400063.

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1961.

1961 Mumbai, Maharashtra, India Active

Last Updated: January 05, 2026

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About Mangal Credit And Fincorp Limited

Mangal Credit And Fincorp Limited, a active public limited company, was established on 29 December 1961 in Mumbai, Maharashtra, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: L65990MH1961PLC012227. Registered under ROC Roc Mumbai. it is listed on BSE: 505850. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹21.11 Cr.

Formerly known as Tak Machinery And Leasing Limited, Tak Machinery Limited. It upholds a compliant status. In 2024, it reported revenue of ₹33.27 Cr and a net worth of ₹127.35 Cr. Employing 53 professional, Its leadership includes Meghraj Sohanlal Jain (Managing Director), Nilesh Jain (Director), Hardik Meghraj Jain (Director). Past directors included Meghraj Sohanlal Jain, Atul Jain, Manish Rathi. It holds ₹361.70 Cr open charges and ₹18.22 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at 1701/1702,17Th Flr.,'A' Wing, Lotus Corporate Park Western Express Highway, Goregaon (E), Mumbai, Maharashtra, 400063.

Company Details

CIN/LLPIN
L65990MH1961PLC012227
Registration Number
012227
Incorporation Date
29 December 1961
Authorized Capital
₹25.00 Cr
Paid-Up Capital
₹21.11 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 505850)
Company Status
Active

Key Metrics

Authorised Capital ₹ 25.00 Cr as on 05-01-2026
Paid Up Capital ₹ 21.11 Cr as on 05-01-2026
Company Age 64 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 361.70 Cr as on 05-01-2026
Satisfied Charges ₹ 18.22 Cr as on 05-01-2026
Revenue Growth **** 55.49% (FY 2024)
Profit Growth **** 33.27% (FY 2024)
Ebitda **** 54.32% (FY 2024)
Net Worth 13.76% (FY 2024)
Total Assets **** 34.82% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Mangal Credit And Fincorp Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mangal Credit And Fincorp Limited?

Current Directors

Name	Designation	Appointment Date	Status
Meghraj Sohanlal Jain	Managing Director	14 Aug 2013	Current
Nilesh Jain	Director	30 Oct 2021	Current
Hardik Meghraj Jain	Director	10 Jan 2024	Current
Ramanathan Annamalai	Director	06 Jul 2018	Current
Subramanyam Ganesh	Director	14 Nov 2018	Current
Sriram Sankaranarayanan	Director	11 Nov 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	26 Sep 2013	Past
Pramod Abcsdd	Director	30 Dec 2014	Past
Pramod Abcsdd	Ceo	-	Past
Pramod Abcsdd	Director	15 Jan 2016	Past
Pramod Abcsdd	Managing Director	07 Feb 2019	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past

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Financial Performance of Mangal Credit And Fincorp.

Mangal Credit And Fincorp Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 55.49% increase. The company also saw a substantial improvement in profitability, with a 33.27% increase in profit. The company's net worth Soared by an impressive increase of 13.76%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

55.49%

*******

Revenue from Operations

*******

56.84%

*******

Total Assets

*******

34.82%

*******

Profit or Loss

*******

33.27%

*******

Net Worth

*******

13.76%

*******

EBITDA

*******

54.32%

*******

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What is the Ownership and Shareholding Structure of Mangal Credit And Fincorp?

In 2024, Mangal Credit And Fincorp had a promoter holding of 51.61% and a public holding of 48.39%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹3,616,950,000.00

Satisfied Charges

₹182,200,000.00

Charges Breakdown by Lending Institutions

Others : 123.26 Cr
Indian Overseas Bank : 100.00 Cr
Sbicap Trustee Company Limited : 45.00 Cr
The Catholic Syrian Bank Ltd : 35.00 Cr
City Union Bank Limited : 30.00 Cr
Others : 28.43 Cr

Latest Charge Details

Date	Lender	Amount	Status
16 Oct 2025	Others	₹8.00 Cr	Open
27 Sep 2025	Sbicap Trustee Company Limited	₹45.00 Cr	Open
17 Sep 2025	Indian Overseas Bank	₹50.00 Cr	Open
09 Sep 2025	Others	₹5.00 Cr	Open
17 Jul 2025	The Bharat Co-Operative Bank(Mumbai) Ltd	₹7.84 M	Open

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How Many Employees Work at Mangal Credit And Fincorp?

Mangal Credit And Fincorp has a workforce of 53 employees as of Mar 27, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Mangal Credit And Fincorp, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mangal Credit And Fincorp's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mangal Credit And Fincorp

Recent Activity within the Organization

Charges

A charge with Others of Rs. 5.26 Cr registered on 29 Dec 2023 with Charge ID 100846748 was modified on 16 Dec 2025. was recorded as a recent event.
16 Dec 2025
Charges

The activity A charge with Others amounted to Rs. 8.00 Cr with Charge ID 101173358 was registered on 16 Oct 2025. was completed.
16 Oct 2025
Charges

A charge registered on 25 Aug 2022 via Charge ID 100608015 with State Bank Of India was fully satisfied on 07 Oct 2025. was recorded as a recent event.
07 Oct 2025
Charges

Progress on A charge with Sbicap Trustee Company Limited amounted to Rs. 45.00 Cr with Charge ID 101164178 was registered on 27 Sep 2025. was documented.
27 Sep 2025
Annual General Meeting

Progress on Mangal Credit And Fincorp Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was documented.
25 Sep 2025
Charges

The activity A charge with State Bank Of India of Rs. 10.00 Cr registered on 25 Aug 2022 with Charge ID 100608015 was modified on 19 Sep 2025. was completed.
19 Sep 2025

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