IDEAL FINANCE LTD
IDEAL FINANCE LTD is a other fund in LK investing in consumer-lending and sme-lending.
- Stages
- other
- Sectors
- consumer-lending, sme-lending
- Invests in
- LK
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- >13B
- Website
- idealfinance.lk
Check size not disclosed
Thesis
Mahindra Ideal Finance Limited (MIFL), formerly Ideal Finance Ltd., is a licensed finance company operating in Sri Lanka, focusing on the Non-Banking Financial Institution (NBFI) sector. Established in 2012 and headquartered in Colombo, MIFL is now a majority-owned subsidiary of Mahindra & Mahindra Financial Services Limited (Mahindra Finance) since July 2021. This aligns with Mahindra Finance's international expansion into strategically important Asian markets. While specific fund sizes for MIFL are not public, its parent company, Mahindra Finance, boasts an AUM exceeding USD 13 billion and serves over 10 million customers in India. MIFL's 'portfolio' consists of its loan book, serving consumers and SMEs.
Common questions
Does IDEAL FINANCE LTD invest at the other stage?
Yes. IDEAL FINANCE LTD lists other among the stages it invests in.
Where does IDEAL FINANCE LTD invest?
IDEAL FINANCE LTD invests in LK.