My Mudra Fincorp Limited was originally incorporated as a Private Limited Company under the name 'My Mudra Fincorp Private Limited' pursuant to a Certificate of Incorporation dated September 11, 2013 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, Company was converted into a Public Limited Company and the name of Company was changed from 'My Mudra Fincorp Private Limited' to 'My Mudra Fincorp Limited' vide a fresh Certificate of Incorporation dated October 19, 2023, issued by the Registrar of Companies, Delhi.
The Company operates as a Channel Partner (DSA) for major Banks and NBFCs in India. It integrate tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) approach to acquire customers. It specialize in distributing secured loans such as home loans, loans against property, etc, unsecured loans like business loans, personal loans, professional loans, and credit cards. Recently, the Company expanded to include insurance products from which they will receive revenue through commissions from the insurer partners.
The Company provide customers to research and compare lending and insurance products offered by lending and insurer partners. Once customers share their requirements, it present multiple options, detailing related costs and features in a clear and simple manner, enabling informed decisions for applications to appropriate financial institutions, such as ... banks or NBFCs. Upon credit approval, the loan is conveniently sanctioned. The Company ensures faster service and disbursement of loans at the best possible interest rates and terms acceptable to customers. It also serves a diverse clientele, including individuals, corporates, and professionals like Chartered Accountants (CAs) and Company Secretaries (CSs).
In 2017, the Company established first branch at Indore, Madhya Pradesh.
The Company came up with the initial public offer of 30,24,000 Equity Shares of face value Rs 10 each, by raising funds aggregating to Rs 33.26 Crore in September 2024.
The Company obtained Certificate of Registration from Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent (Composite), enabling distribution of Life, Health, and General Insurance products alongside its loan services in FY 2025. The Company also got registered with Association of Mutual Funds in India (AMFI) as a Mutual Fund Distributor, expanding its product portfolio across all major fund houses.
FAQs on My Mudra Fincorp Ltd
1. Can I buy My Mudra Fincorp Ltd from PL Capital? ›
Yes, you can invest in My Mudra Fincorp Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track My Mudra Fincorp Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade My Mudra Fincorp Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does My Mudra Fincorp Ltd pay dividends? ›
My Mudra Fincorp Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of My Mudra Fincorp Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for My Mudra Fincorp Ltd. is ₹ 77 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of My Mudra Fincorp Ltd ? ›
The 52-week high and low of My Mudra Fincorp Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
