Moongipa Capital Finance Ltd – Strategic Expansion and Digital Transformation
Moongipa Capital Finance Ltd (MCFL), a BSE Mainboard‑listed and RBI‑registered NBFC‑ICC incorporated in 1987, issued a press release on 7 July 2026 announcing a major strategic expansion. The company is launching an Electric Vehicle (EV) financing business that will serve both personal and commercial customers, providing accessible and affordable credit to support India’s transition to cleaner mobility. This initiative aligns with the Government of India’s emphasis on sustainable transportation and the rapid growth of the domestic EV ecosystem.
In parallel, MCFL is strengthening its digital lending capabilities through the MoneyAse platform, a technology‑enabled lending ecosystem that facilitates digital customer acquisition, paperless onboarding, workflow automation, loan origination, servicing and ongoing customer engagement. While the platform automates many front‑end processes, all underwriting, credit approval, pricing and regulatory compliance remain the sole responsibility of Moongipa Capital Finance Ltd, ensuring adherence to RBI’s Digital Lending Guidelines.
The NBFC’s diversified lending portfolio now includes Personal Loans, Salary‑Linked Loans, Consumer Finance, MSME Lending, Structured Credit Solutions, the newly introduced EV Financing, and Technology‑enabled Digital Lending. This broad suite is designed to meet the credit needs of individuals, professionals, entrepreneurs and small businesses while maintaining prudent underwriting standards and disciplined portfolio management.
CEO Piyush Jain stated that India’s financial sector is entering a new era where technology, governance and customer experience must converge. He highlighted that the expansion into EV financing and continued investment in digital infrastructure reflect MCFL’s commitment to delivering transparent, responsible and technology‑driven financial solutions.
Looking ahead, Moongipa Capital’s long‑term strategy focuses on expanding its lending portfolio, enhancing digital capabilities, improving operational efficiency and forging strategic partnerships to broaden financial access across the country. The firm aims to play a significant role in shaping the next generation of technology‑enabled financial services while upholding regulatory excellence and responsible lending practices.
About Moongipa Capital Finance Ltd
Moongipa Capital Finance Ltd is a BSE Mainboard‑listed, RBI‑registered NBFC‑ICC that provides diversified lending and investment solutions across consumer finance, salary‑linked loans, MSME finance, structured credit and EV financing. The company operates on the principles of trust, transparency and innovation.
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