Mahan Industries has informed that the Company has launched its new brand ‘Credit Mines’, a comprehensive digital lending platform. ‘Credit Mines’ is a fully digital, end-to-end lending platform that will enable customers to avail personal loans and other credit products in a completely paperless, presence-less and cashless manner, from the comfort of their homes. The platform leverages India’s public digital infrastructure, including digital KYC, Video KYC, account aggregator framework and e-signing of loan documentation, together with data analytics-based credit assessment models, to deliver instant, seamless credit to both existing and new customers. The launch of ‘Credit Mines’ marks a strategic expansion of the Company’s business into the digital financial services space and is expected to contribute to the Company’s growth over the coming years. The lending business under the brand shall be carried out in accordance with all applicable laws, including the Reserve Bank of India’s Guidelines on Digital Lending, as amended from time to time. In this connection, the Company is issuing a Press Release today, a copy of which is enclosed as Annexure – A. A copy of the same shall also be made available on the Company’s website at www.mahan.co.in.
The above information is a part of company’s filings submitted to BSE.
