Monday, October 2, 2023

Mahindra IDEAL Finance Expands to Kandana, Bringing World-Class Financial Services to a Thriving Commercial Hub

One of the fastest-expanding and leading licensed finance companies in Sri Lanka, Mahindra IDEAL Finance, has expanded its presence once again, this time to include Kandana. A major transit point on the Colombo-Negombo main road, Kandana is a key commercial hub in the Gampaha District, home to a vibrant and diverse population of residents and local businesses and industries. The new Kandana branch of Mahindra IDEAL Finance is located at No. 24, Negombo Road, Kandana, and features a bright and modern atmosphere with all conveniences and facilities, including parking.

Commenting, Mr. Duminda Weerasekara – Chief Executive Officer at Mahindra IDEAL Financeat Mahindra IDEAL Finance said, “We’re incredibly pleased to add Kandana as our 27th location Island wide. We look forward to welcoming the local community, and passers-through, as they seek to fulfil their financial needs. We also look forward to providing world class opportunities for the best local talent in the area, as we grow and consolidate our human capital.”

Mahindra IDEAL Finance Limited (MIFL) is a Non-Banking Financial Institution (NBFI) registered with the Central Bank of Sri Lanka and commenced operations in March 2012 with a clear focus on the rural and semi-urban sectors. Its product portfolio consists of fixed deposits, gold loans and leasing facilities for motorcars, three-wheelers, agriculture vehicles and commercial vehicles. The Company has developed a quality lending portfolio, while recording sustainable annual growth in profitability through tough economic conditions. Mahindra IDEAL Finance Limited is backed by Mahindra & Mahindra Financial Services Limited, India, and has consistently and rapidly expanded its network in recent times, with a vision to transform itself into one of Sri Lanka’s foremost providers of financial services and growth opportunities.

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