Monday, October 2, 2023

Mahindra Ideal Finance Continues Islandwide Expansion Drive with New Branch in Ratnapura

Mahindra IDEAL Finance Limited, a trailblazer in Sri Lanka’s financial landscape, continues its rapid branch network expansion, ensuring close proximity to its valued customers. The inauguration of its Ratnapura branch stands as the latest milestone on this journey, embodying the unwavering commitment of Mahindra IDEAL Finance Limited to delivering financial solutions right to the doorsteps of the communities it serves.

Situated at No. 202, Main Street, Ratnapura, this strategic addition bolsters the presence of Mahindra IDEAL Finance Limited across the Island, underscoring its mission to foster thriving communities. This dynamic expansion resonates with Mahindra IDEAL Finance Limited’s core principle of providing unparalleled access to financial services and upholding its standing as a beacon of goodwill, and as a much sought-after employer of choice.

As Mahindra IDEAL Finance Limited opens its 29th branch, CEO Duminda Weerasekera remarked, “Our journey reflects empowerment, growth and shared prosperity. Thus, our new Ratnapura branch exemplifies our resolute commitment to shaping brighter financial futures for all Sri Lankans. Rathnapura is one of Sri Lanka’s foremost centres of commerce, being a key market and trading venue for many industries, whilst also being world famous as the traditional centre of Sri Lanka’s gemstone trade. Therefore, we are pleased to welcome the people of Rathnapura through our doors, whilst also looking forward to providing world class opportunities to emerging talent in the region.”

Mahindra IDEAL Finance Limited’s steadfast dedication to rural and semi-urban sectors finds vivid expression in its diverse lending portfolio, encompassing motor vehicles, gold loans, personal loans and more. Mahindra IDEAL Finance Limited is a subsidiary of Mahindra & Mahindra Financial Services Limited, the India-based global financial services giant.

Propelled by its ambitious growth agenda, Mahindra IDEAL Finance Limited envisions an intricate tapestry of branches spanning key urban centres across the Island, bolstering accessibility and amplifying financial inclusivity. This strategic expansion coincides with Mahindra IDEAL Finance Limited’s remarkable achievements, including Great Place to Work accolades for 4 consecutive years and distinguished acclaim within the banking, finance, and insurance sector.

About Mahindra IDEAL Finance Limited

Mahindra IDEAL Finance holds an “AA-(lka) Watch Negative” rating from Fitch Ratings Lanka, while also having achieved the title of “Great Place to Work” for 4 consecutive years. The Company’s welcoming open culture, dynamism and adaptability to quickly changing market conditions, also earned it the title of “Great Place to Work for Millennials” in 2022. Mahindra IDEAL Finance Limited (MIFL) is a Non-Banking Financial Institution (NBFI) registered with Central Bank of Sri Lanka and places emphasis on rural and semi-urban markets. Its lending portfolio consists of gold loans, SME loans, personal loans, leasing facilities for motorcars, three-wheelers, agriculture vehicles and commercial vehicles. The Company maintains a high-quality lending portfolio, while consistently recording sustainable annual growth.

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