Nagpur, Maharashtra Jul 24, 2025 – Mangal Finance Group, based in Nagpur, is expanding its vehicle financing operations in Central India to meet the rising demand in both urban and rural areas. The company, which was founded in 2005, remains committed to providing accessible loans for two-wheelers, four-wheelers, and commercial vehicles.
Mangal Finance, founded by Mr. Dilip Ranka and Mr. Sachin Soni, has become a well-known name in the non-banking financial services sector. The company, through its RBI-registered division, Mangal Vehicle Finance Pvt Ltd, provides specialized loan products to first-time purchasers, small business owners, and individuals seeking to refinance existing vehicles.
Lending Where It Matters
Mangal Finance has established itself as a regional player, concentrating on underserved areas where traditional credit channels are frequently limited. The company’s loan offerings include:
Loans for new and used two-wheelers
Loans for new and used four-wheelers
Loans for commercial vehicles
Vehicle refinancing alternatives
While major cities continue to develop, Tier 2 and Tier 3 cities in Maharashtra are seeing an increase in vehicle ownership, a trend fueled by aspirations and the necessity for mobility in post-pandemic economies. Mangal Finance’s growth reflects this trend.
Digital Push & Local Roots
The company is also improving its digital infrastructure to make the loan application process easier and improve customer service. Despite this shift, Mangal Finance maintains strong ties to Nagpur, with its corporate office located there and contributing to the city’s financial services industry.
As the vehicle finance market gets increasingly competitive, Mangal Finance wants to set itself apart by providing simple documentation, rapid disbursement, and customer support tailored to the region.
About Mangal Finance Group
Mangal Finance Group, founded in 2005 in Nagpur, is an RBI-registered Non-Banking Financial Company (NBFC). The group provides loan services for two-wheelers, four-wheelers, and commercial vehicles throughout Central India.
Media Contact
Mr Yogesh Jain (Manager)
0712 – 3102222
1st floor, Vinayak tower, near medical square, Untkhana, Nagpur, Maharashtra – 440009
Source :Mangal Finance Group