What Mahan industries does

Mahan Industries Limited is a publicly listed Non-Banking Financial Company (NBFC) investment company founded in 1995 and headquartered in Ahmedabad, India, trading on BSE (scrip code 531515) and NSE. The company operates four core business lines: (1) equity investments in listed and unlisted companies executed through SEBI-registered stock brokers on BSE and NSE, (2) loans and debt financing provided to businesses, business entities, and high net worth individuals, (3) opportunistic commodities trading, and (4) securities trading on Indian exchanges. Revenue is derived principally from dividends and interest receivable on investments held, supplemented by profits from the sale of securities and trading activity.

The company pursues a sales-led go-to-market model, engaging directly with clients through its Ahmedabad-based management team. Distribution channels are concentrated in India, with investor communications handled through BSE regulatory filings and the corporate website (mahan.co.in). Through its sub-brand Credit Mines, Mahan Industries has extended into a digital lending platform offering unsecured personal loans ranging from ₹2,000 to ₹30,000 to salaried individuals and self-employed professionals nationwide, sourced through partnerships with RBI-registered NBFCs.

The business is currently undergoing a significant structural transition: an NCLT-approved capital reduction has been completed, multiple director resignations and committee reconstitutions have occurred, and a ₹29.82 crore preferential allotment to incoming promoters Shah Nishil Sanjaykumar and Niranjankumar Navratanmal Jain will trigger a change in control subject to SEBI open offer requirements. This combination of capital infusion, leadership transition, and new digital product indicates the company is in a repositioning phase rather than steady-state operation. Underlying technology infrastructure is standard stock brokerage and NBFC tooling with no disclosed proprietary platform.

Name

Mahan industries

Legal name

Mahan Industries Limited

Website

https://mahan.co.in

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Mahan Industries Limited is a publicly listed Indian NBFC investment company (BSE: 531515) that invests in listed/unlisted equities via SEBI-registered brokers and provides loans to businesses and high net worth individuals, with a Credit Mines digital lending sub-brand for retail micro-loans.

Ownership category

akta.pro rank

Product category

NBFC Investment Services

NAICS

All Other Financial Investment Activities (52399), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Investors, Nec (6799), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Corporate Venture Capital (CVC) (FSANAAAF)

Keywords

• NBFC investment services
• Equity investment
• Debt financing
• Securities trading
• Personal lending

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales

Revenue model

1. Dividend Income: Income generated from dividends receivable on equity investments held by the company in listed and unlisted companies traded on stock exchanges.
2. Interest Income: Interest income earned on loans and debts provided to companies, business entities, and high net worth individuals.
3. Securities Trading: Profits derived from buying and selling securities (equity shares) of companies listed on BSE and NSE in the secondary market.
4. Commodity Trading: Trading activity in commodities conducted when profitable opportunities arise, enhancing overall income streams.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Mahan Industries Limited is an NBFC investment company that deploys capital into equity shares of companies listed on BSE and NSE through SEBI-registered stock brokers, acquires investments in the secondary market, and provides equity capital, loans, and debt financing to companies, business entities, and high net worth individuals. The company also trades in commodities opportunistically and operates Credit Mines, a digital sub-brand offering unsecured personal loans ranging from ₹2,000 to ₹30,000 through RBI-registered NBFC partnerships. Income is derived mainly from dividends, interest on investments, and profits from sale of securities.

Product overview

Mahan Industries Limited is an NBFC investment company with over 30 years of experience, operating primarily as a strategic investment vehicle. The company operates four main business lines: (1) Equity Investment Services for investing in listed and unlisted company shares through SEBI-registered brokers, (2) Loan and Debt Financing providing capital to businesses and HNIs, (3) Credit Mines - a digital lending sub-brand offering small personal loans through NBFC partnerships, and (4) Commodities Trading for opportunistic income enhancement. The company's income is primarily derived from dividends, interest on investments, and profits from securities and commodities trading.

Differentiator

Problem solved

Functional benefit

Brands

• Credit Mines: Credit Mines is a next-generation digital lending platform designed to make borrowing quick, seamless, and completely hassle-free. With a zero-paperwork approach, it serves the everyday financial needs of both salaried individuals and self-employed professionals across India. Offering easy, unsecured personal loans ranging from ₹2,000 to ₹30,000, through partnerships with RBI-registered NBFCs.

Products and services

• Equity Investment Services Strategic equity investments in listed and unlisted companies on Indian stock exchanges (BSE and NSE), executed through SEBI-registered stock brokers after identifying and studying each target company's working and future prospects, generating income through dividends, capital gains, and secondary-market trading. Targeted at companies seeking equity capital and at the company itself for portfolio returns.
• Loan and Debt Financing Provision of equity capital, loans, and debt financing to companies, business entities, and high net worth individuals, with income derived from interest receivable on the loan book. Targeted at corporate borrowers, business entities, and HNIs needing flexible capital or working capital financing.
• Credit Mines (Digital Personal Lending) Next-generation digital lending platform operating under the Mahan Industries umbrella, offering unsecured personal loans ranging from ₹2,000 to ₹30,000 through partnerships with RBI-registered NBFCs. Designed for salaried individuals and self-employed professionals across India seeking quick, zero-paperwork borrowing for everyday financial needs.
• Commodities Trading Opportunistic trading activity in commodities conducted when profitable opportunities are identified, intended to enhance income streams alongside securities trading. Targeted at the company's own portfolio and returns.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Credit MinesminorOthersCredit Mines is a next-generation digital lending platform operated under the Mahan Industries umbrella. It offers easy, unsecured personal loans ranging from ₹2,000 to ₹30,000 through partnerships with RBI-registered NBFCs, serving salaried individuals and self-employed professionals across India.
• RBI-registered NBFCscoreOthersCredit Mines, the digital lending platform under Mahan Industries, partners with RBI-registered Non-Banking Financial Companies (NBFCs) to provide a secure, transparent, and fully compliant lending experience for borrowers seeking personal loans.

Scale indicators1 record

Recent moves7 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mahan-industries-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mahan industries