Mantra Capital achieves a significant milestone: Crosses Rs. 25 Crores AUM in its First Year of Operations

Mantra Capital (a flagship of Savani Financials Limited) proudly announces a major milestone, surpassing Rs. 25 crores 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. 48.98 crores 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. 25 crores with a 100% 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 Ltd.

Commenting on the milestone achievements, Mr. 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."

Mrs. 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."

Shares of SAVANI FINANCIALS LTD. was last trading in BSE at Rs. 14.72 as compared to the previous close of Rs. 16.02. The total number of shares traded during the day was 10117 in over 40 trades.

The stock hit an intraday high of Rs. 16.42 and intraday low of 14.55. The net turnover during the day was Rs. 150264.00.

Source : Equity Bulls

Keywords

SAVANIFINANCIALS INE304E01010 NBFC MantraCapital