Monday, October 2, 2023

Mahindra IDEAL Finance Limited Expands its Reach with Grand Opening of Matale Branch

Mahindra IDEAL Finance Limited, one of Sri Lanka’s leading and fast-growing registered finance companies, is proud to announce the grand opening of its latest branch in Matale. This strategic expansion is in line with the company’s vision to provide unparalleled financial solutions to customers and create thriving communities. Matale marks the company’s 28th location across Sri Lanka.

Mahindra IDEAL Finance Limited’s new branch is located at No. 302, Trincomalee Street, Matale, and marks a significant milestone in the company’s rapid growth strategy to be closer to its valued customers. With a clear focus on serving the rural and semi-urban sectors, Mahindra IDEAL Finance’s lending portfolio includes a diverse range of financial products, from gold loans to leasing facilities for motorcars, three-wheelers, agriculture vehicles, and commercial vehicles.

Commenting on the occasion, Duminda Weerasekera, Chief Executive Officer at Mahindra IDEAL Finance remarked, “We are delighted to welcome customers in the Matale region, in line with our commitment to making financial services accessible to all. Matale is a significant commercial centre and aligns well with our strategy of locating in high-growth-potential regional hubs across the Island. With this expansion, we hope to contribute to the growth and prosperity of the Matale community while delivering innovative financial solutions to meet their diverse needs.”

Mahindra IDEAL Finance’s new location in Matale will also provide new opportunities for employment. As an innovative and welcoming place to build a career, Mahindra IDEAL Finance has earned recognition as one of the top 10 employers in the banking, finance, and insurance sector in Sri Lanka from Great Place to Work.

Thus, looking ahead, Mahindra IDEAL Finance remains steadfast in its commitment to further widen its presence by expanding its presence Islandwide. Through its strategic expansion initiative, the company envisions providing comprehensive financial services to an even broader customer base, contributing to the economic development of Sri Lanka.

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, and 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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