Key Milestones: 1. Surpasses 1,000 loan disbursals 2. Receives No Objection Letter for change in name of the Company from Reserve Bank of India
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Mantra Capital, the lending brand of Savani Financials Limited, announced two milestones: it has disbursed over 1,000 secured loans, and has received a No Objection Letter from the RBI to officially change the company's name to Mantra Capital Limited (ROC filings underway). Assets Under Management (AUM) have grown sharply from Rs 11 Cr in December 2024 to Rs 26 Cr in March 2025 to Rs 43 Cr in June 2025, roughly quadrupling in two quarters. The company runs a 100% secured loan book across Secured Business Loans and Secured Green Loans (three-wheeler electric vehicles), operates 17 branches in Karnataka, Telangana, Andhra Pradesh and Delhi, and has 146 employees. It has raised about Rs 50 Cr in equity and Rs 22 Cr in debt (term loans and NCDs), and holds partnerships with Mahindra, OSM and Greaves.
Strong, accelerating AUM growth and the official RBI-cleared brand transition to Mantra Capital are positive for visibility, but the company is still in its first operational year with a relatively small Rs 43 Cr book, so execution and asset quality at this rapid pace will be key things for shareholders to watch.