Mantra Capital Crosses Rs 250 Mn AUM in First Year of Operations
ECONOMY & POLICY

Mantra Capital Crosses Rs 250 Mn AUM in First Year of Operations

Mantra Capital proudly announces a major milestone, surpassing Rs 250 million in Assets Under Management (AUM) within its first year of business operations. This achievement marks an important step in the company's strategic growth journey.

Following the successful completion of its rights issue of Rs 480.98 million on 04th April 2024, Savani Financials Limited swiftly strengthened its leadership and management teams, setting the stage for strong foundation. In just six months, the company has reached several notable benchmarks:

• Established a solid market presence under the Mantra Capital brand, offering specialized financial products. • Commenced operations with the brand name of Mantra Capital • Crossing an AUM of Rs 250 million with a 100 per cent secured lending portfolio - Focus on two product segments : Secured Business loans (Loan Against Property) , Secured Green loans • 15 branch network across the high growth potential markets of Karnataka, Andhra Pradesh, Telangana and NCR Region • Strategic alliance with Mahindra Last Mile Mobility.

Commenting on the milestone achievements, Jatinder Mohan Singh Shah said: “F.Y. 25 has been the year of building a strong foundation and we look forward to F.Y. 26 to continue our strong growth trajectory and achieving the twin objectives of providing targeted and structured financial solutions to high potential underserved segments as well as ensure a profitable, sustainable business”

Deepa Tracy, Managing Director said “At Mantra Capital, we believe that financial access is a fundamental right. Our mission is to empower entrepreneur business owners with financial solutions that power growth, livelihoods and foster an inclusive and positive societal impact.”

Mantra Capital proudly announces a major milestone, surpassing Rs 250 million in Assets Under Management (AUM) within its first year of business operations. This achievement marks an important step in the company's strategic growth journey. Following the successful completion of its rights issue of Rs 480.98 million on 04th April 2024, Savani Financials Limited swiftly strengthened its leadership and management teams, setting the stage for strong foundation. In just six months, the company has reached several notable benchmarks: • Established a solid market presence under the Mantra Capital brand, offering specialized financial products. • Commenced operations with the brand name of Mantra Capital • Crossing an AUM of Rs 250 million with a 100 per cent secured lending portfolio - Focus on two product segments : Secured Business loans (Loan Against Property) , Secured Green loans • 15 branch network across the high growth potential markets of Karnataka, Andhra Pradesh, Telangana and NCR Region • Strategic alliance with Mahindra Last Mile Mobility. Commenting on the milestone achievements, Jatinder Mohan Singh Shah said: “F.Y. 25 has been the year of building a strong foundation and we look forward to F.Y. 26 to continue our strong growth trajectory and achieving the twin objectives of providing targeted and structured financial solutions to high potential underserved segments as well as ensure a profitable, sustainable business” Deepa Tracy, Managing Director said “At Mantra Capital, we believe that financial access is a fundamental right. Our mission is to empower entrepreneur business owners with financial solutions that power growth, livelihoods and foster an inclusive and positive societal impact.”

Next Story
Infrastructure Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Next Story
Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Next Story
Infrastructure Energy

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement