Event Details
The company has launched a new brand called 'Credit Mines', described as a comprehensive digital lending platform.
Platform Features and Operations
- Fully digital, end-to-end lending platform enabling customers to avail personal loans and other credit products
- Completely paperless, presence-less, and cashless process from customer homes
- Leverages India's public digital infrastructure including digital KYC, Video KYC, account aggregator framework, and e-signing of loan documentation
- Uses data analytics-based credit assessment models to deliver instant, seamless credit
- Serves both existing and new customers
Strategic Significance
The launch represents a strategic expansion of the company's business into the digital financial services space. The platform is expected to contribute to the company's growth over the coming years by diversifying revenue streams and expanding the customer base.
Customer Process
The platform enables customers to:
- Complete e-KYC and provide basic details to check eligibility
- Select loan amount from available offers with auto-populated interest rate, processing fee, and EMI amount
- Complete Video KYC
- Digitally sign loan agreement and authenticate request for instant credit
- Receive money transfer to their account upon completion
Availability
Currently available through the platform's website, with a dedicated mobile application to be made available shortly.
Financial Impact Assessment
The financial impact on the company cannot be ascertained at this stage, as explicitly stated in the disclosure.
Additional Materials
The company issued a press release on the same date (July 31, 2026) and has made it available on the company website at www.mahan.co.in.
Management Commentary
Mr. Shah Nishil Sanjaykumar, Executive Director (DIN: 09165405), stated that the launch represents "a significant milestone in our journey of building a technology-first financial services business" and that the platform "will meaningfully contribute to the Company's next phase of growth."