Monday, December 4, 2023

Mahindra IDEAL Finance among 15 Best Workplaces for Millennials in Sri Lanka – 2022 by Great Place to work® in Sri Lanka

One of Sri Lanka’s fastest-growing licensed finance companies, Mahindra IDEAL Finance Limited recently marked yet another milestone on its journey of being an employer of choice, as it was ranked amongst the15 Best Workplaces for Millennials™ in Sri Lanka 2022, by Great Place to Work®. The achievement is significant as Mahindra IDEAL Finance has been working hard to position itself and deliver on being the employer of choice for young professionals looking to build careers in the financial services space. The accolade was presented to Mahindra IDEAL Finance Limited at the Great Place to Work® in Sri Lanka awards ceremony, held on the 6th of September 2022 at the Hilton Colombo.

Expressing pleasure at receiving the accolade, Mr Duminda Weerasekare, Chief Executive Officer at Mahindra IDEAL Finance said, “It is a privilege to be ranked among the 15 Best Workplaces for Millennials™ in Sri Lanka for 2022. We believe our sincere intention of caring for and moulding our young team, while moving forward despite external challenges, has been recognized. This also helps us to better present our proposition to young professionals considering a career in the financial services sector, as we are presently in the midst of a massive islandwide network expansion drive. If you are looking to make a name for yourself in this space, then Mahindra IDEAL Finance could be the ideal platform for you.”

From its inception, Mahindra IDEAL Finance has been committed to being a caring and trustworthy employer, understanding the fundamental truth that human capital is the most valuable capital of all. Particularly during the pandemic, the Company went to exceptional lengths to ensure the safety, security and health of its employees in all aspects, both physical and psychological, at work and at home. Mahindra IDEAL Finance has also striven to foster and drive a performance-based culture that provides a meritocratic mechanism for advancement to provide maximum potential for personal and professional development, in the shortest possible time. The Company values each of its team members individually and is keenly cognizant of their roles in making Mahindra IDEAL Finance one of Sri Lanka’s leading and fastest-growing licensed finance companies.

The ranking of the Great Place to Work® List of Best Workplaces for Millennials™ in Sri Lanka 2022 was undertaken in accordance with Great Place to Work®’s rigorous 2 lens model of the Trust Index© employee survey and the Culture Audit© people practice analysis framework and matched the global qualification criteria required to be a Great Workplace. The study was conducted by assessing 72,350 employees at an 85% response rate across more than 160 organizations in Sri Lanka from July 2021 to June 2022. Nearly 20,000 Millennials responded to the anonymous survey. The assessment for the list of Best Workplaces for Millennials also further considered organizations with 20% or more millennials, with 70% or more having a positive perception of their employer. Organizations that scored higher on collaboration, work-life balance, non-discrimination by age, meaningful work, making a difference, contributing to society and pride in the organization, attributes considered valuable by millennials, were also ranked higher in the list.

Having been tipped as one of the Best Workplaces ™ in Sri Lanka for 3 years consecutively, Mahindra IDEAL Finance Limited is an employer of choice within the financial services space in Sri Lanka. The Company’s rapid network expansion drive, which is creating many new opportunities for young and aspiring professionals, was launched subsequent to Mahindra and Mahindra Financial Services Limited, India acquiring a controlling stake in IDEAL Finance Limited in 2021, soon after which Fitch Ratings upgraded the Company’s rating to AA – (lka) with a stable outlook, in recognition of the Company now being backed by a global financial services giant.

About Mahindra IDEAL Finance

Mahindra IDEAL Finance Limited (MIFL) is a Non-Banking Financial Institution (NBFI) registered with Central Bank of Sri Lanka and commenced operations in March 2012 with a clear focus on the rural and semi-urban sectors. Its lending portfolio consists of gold loans, personal loans, leasing facilities for motorcars, three-wheelers, agriculture vehicles and commercial vehicles, while also providing depositors with attractive returns on their investments.

About Great Place to Work ®

Great Place to Work®, headquartered in the USA, is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. Great Place to Work® provides executive advisory and culture consulting services to businesses, non-profits, and government agencies in over 90 countries covering 100+ territories across five continents, including Sri Lanka. Follow Great Place to Work® through or

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