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Mangalam Industrial Finance soars on launching ‘CloudBankin’

31 Dec 2024 Evaluate

Mangalam Industrial Finance is currently trading at Rs. 3.68, up by 0.16 points or 4.55% from its previous closing of Rs. 3.52 on the BSE.

The scrip opened at Rs. 3.35 and has touched a high and low of Rs. 3.69 and Rs. 3.35 respectively. So far 6777399 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 6.97 on 29-Jan-2024 and a 52 week low of Rs. 2.71 on 25-Oct-2024.

Last one week high and low of the scrip stood at Rs. 3.86 and Rs. 3.21 respectively. The current market cap of the company is Rs. 354.85 crore.

The promoters holding in the company stood at 69.11%, while Non-Institutions held 30.89% in the company.  

Mangalam Industrial Finance has taken a significant step towards enhancing financial inclusion and customer satisfaction with the launch of its ground-breaking digital platform, ‘CloudBankin.’ This user-friendly and innovative platform utilizes advanced technology to provide seamless solutions for customers seeking personal, business, and electric vehicle loans.

With a legacy of delivering trusted financial solutions, the company's move into digital lending marks a milestone in its evolution. The CloudBankin platform streamlines the loan application process, minimizing paperwork and enabling faster approvals. Customers can now apply for loans online, track application progress in real-time, and make repayments conveniently through the platform.

Expanding its Offerings with Electric Vehicle Loans As part of its vision to support green mobility, the company has introduced Electric Vehicle Loans for two-wheelers and three-wheelers via the CloudBankin platform. This initiative reflects the company’s commitment to promoting sustainable transportation solutions, empowering individuals and businesses to embrace ecofriendly mobility.

With the launch of the CloudBankin platform, the company reaffirms its commitment to building a financially inclusive, technologically advanced, and environmentally sustainable future.

Mangalam Industrial Finance is a trusted NBFC with a rich history of delivering financial solutions tailored to the diverse needs of individuals and businesses.

Mangalam Indl. Fin. Share Price

0.76 -0.01 (-1.30%)
17-Apr-2026 16:59 View Price Chart
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