Key Milestone: Surpasses 1500 loan disbursals
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mantra Capital, an RBI-registered NBFC focused on secured business loans and green (3W EV) loans, has crossed 1,531 cumulative loan disbursals as of Q2 FY26, up from 1,000 in the previous quarter. Its Assets Under Management (AUM) grew sharply from ₹26 Cr in Q4 FY25 to ₹43 Cr in Q1 FY26 to ₹66 Cr in Q2 FY26, a ~2.5x increase in two quarters. The company now operates 18 branches across Karnataka, Telangana, Andhra Pradesh and Delhi NCR with 177 employees, and has secured strategic tie-ups with Mahindra, OSM and Greaves in the EV/mobility space. It raised ₹47 Cr via term loans and NCDs and added AU Small Finance Bank as an institutional co-lending partner.
Strong and accelerating loan book growth in a 100% secured portfolio, expanding OEM partnerships (Mahindra, Greaves, OSM) and growing institutional co-lending support are positive signals for the credit business and could support re-rating; however, the company remains small at ₹66 Cr AUM, so scale risk and execution in newer geographies remain key things to watch.