Mangalam Industrial Finance (MIFL), a Vadodara-based Non-Banking Financial Company (NBFC), has announced the integration of advanced artificial intelligence technologies across its core operations as part of a strategic move to become a future-ready, technology-driven lender. The company made the announcement on April 11, 2026, and described the initiative as a significant milestone in its digital transformation aimed at improving operational agility and stakeholder value.

The AI-led transformation will target key functions including credit assessment, fraud detection, loan processing and customer engagement to enable faster decision-making and improved accuracy in risk evaluation. By leveraging intelligent algorithms and data-driven insights, MIFL expects to deliver highly personalised financial solutions while reducing manual intervention and the time required for routine approvals. The firm anticipates that instant processing and automation will strengthen governance and operational resilience across lending portfolios.

Senior management said the initiative underscores MIFL's commitment to innovation, customer-centricity and sustainable growth in a competitive financial landscape and aligns with the company’s stated vision of adopting cutting-edge technology to create long-term value for stakeholders. The chairman noted that embedding artificial intelligence into credit and risk frameworks represented a shift from manual processes to a high-precision, data-driven model designed to improve speed, security and scalability. This approach is intended to ensure personalised outcomes for customers while maintaining rigorous risk governance and compliance practices across the business.

Mangalam Industrial Finance Limited is described as a financial services provider offering innovative financing solutions across sectors with a focus on supporting green projects, including clean energy and electric mobility, and on contributing to India’s progress towards a sustainable future through forward-looking financial products. For further information, the company gave a contact for the chief financial officer and provided an email address and a telephone number. The announcement formed part of the firm’s strategic roadmap and stakeholder outreach.