1.Company Information
My Mudra Fincorp Limited was incorporated in 2013 and acts as a Channel Partner (DSA) for major banks and NBFCs in India.
The company specializes in the distribution and sale of a wide range of financial products.
As a channel partner, the company offers secured loans such as home and property loans,
unsecured loans such as business and personal loans, professional loans as well as credit cards to the referred customers.
The company has also expanded its services to include the sale of insurance products.
The company's customers include private individuals, businesses and professionals such as chartered accountants (CAs) and company secretaries (CSs).
As of May 31, 2024, My Mudra Fincorp had 143 employees, including 10 employees from the IT and CRM development team.
2. Objects of the Issue
1. Strong portfolio and diverse range of products across consumer preferences:
We offer a comprehensive range of financial products, including secured loans (home loans and loans against property),
unsecured loans (business loans and personal loans), Professional loan, credit cards, and recently, insurance products. This
helps us in creating trust and consistency for our customer services where we can serve to them as per their needs and
preferences. Customers also get facility to compare the proposal for different banks and can choose upon from the option
best suited for them.
2. Diversified revenue from multiple locations and geographies of India:
Our Company has diversified revenue from multiple geographical locations across India. Further, for the period and
financial year ended March 31,2024, March 31, 2023 & March 31, 2022 respectively, we have generated around 85.94%,
89.05% and 90.87% of our total revenue from sales in top 5 geographical regions in India. We believe in reaching out to all
the class of persons to fulfill their needs of any kind of credit facilities. Hence, with our expanded geographical outreach
across India, we have the ability to quickly respond to increasing demand. Our presence in multiple geographies not only
helps us in expanding our client base but also helps us by keeping ourselves in tune with the latest technological and
behavioral changes/advancements world-wide.
3. Capital efficient model with low operating costs
As we aggregate and distribute insurance and personal credit products offered by insurers and lenders and do not create our
own products, we do not carry any corresponding Underwriting or credit risks. Further, as our brand continues to grow
stronger, a larger percentage of users will use our platform directly or without marketing costs. As our platform and
Consumer cohorts continue to develop, we expect a larger proportion of Consumers to buy either unassisted or with reduced
levels of assistance, which should increase our capital and operational efficiency.
4. Strategic Partnerships with Banks and NBFCs:
We have established strong partnerships with major Banks and NBFCs. These alliances enable us to provide our customers
with competitive and attractive financial solutions, ensuring they have access to the best possible terms and rates.
5. Experienced Leadership and Management:
We are led by our experience Promoters, Vaibhav Kulshrestha and Nisha Kulshrestha, who actively advise us on business
development, Sales & marketing, and overall corporate strategy and planning, which is instrumental in the growth of our
business. Our Promoters, collectively have around 14 years of experience in the financial Service sector which has helped
in determining the vision and growth strategies for our Company. We also have an experienced and dedicated management
team with several years of industry experience and a qualified pool of employees. As of May 31, 2024, we had 143
employees, including 16 employees who comprise our IT and product development team.
3. My Mudra Fincorp IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website:https://www.skylinerta.com/ipo.php