Mahindra IDEAL Finance Unveils 20th Branch with Expansion into Kuliyapitiya
A premier licensed finance company focused on rural and semi-urban consumers, Mahindra IDEAL Finance, recently unveiled its 20th branch in Sri Lanka, in Kuliyapitiya, further expanding its growing island-wide network. Kuliyapitiya is an important commercial centre for the rural and semi-urban population in the North Western Province. Thus, this is an ideal and central location that serves to provide enhanced access and convenience for customers, along with strengthening the presence of Mahindra IDEAL Finance across the island. As the 20th branch to be added to Mahindra IDEAL Finance’s Network, the new Kuliyapitiya branch was declared open with a special opening ceremony held to celebrate this milestone. Among those present at the event were high-ranking members of Mahindra IDEAL Finance’s Corporate Management Team, along with selected customers and dignitaries. The new branch is located at No. 26, Madampe Road, Kuliyapitiya.
Discussing the new branch in Kuliyapitiya, Saman Dharmasiri, Regional Manager at Mahindra IDEAL Finance said, “We are constantly striving and innovating to provide ideal financial solutions to our customers, with a focus on the rural and semi-urban markets. To do so, we have identified key commercial and economic hubs around the country for our target market, where it will be easy and convenient for our customers to access our services. Kuliyapitiya is an excellent choice as our market research shows that customers in the vicinity and the surrounding areas are looking for ideal financial solutions to achieve their goals. Thus, it gives us great pleasure to be able to serve our valuable customers in this region, and we look forward to building new relationships and furthering our network expansion initiatives in line with our goal to enhance our nationwide presence. We invite everyone to visit our new Kuliyapitiya branch and see for themselves, all of the opportunities available through Mahindra IDEAL Finance.”
In addition to providing ideal financial solutions to Sri Lanka, Mahindra IDEAL Finance is also an ideal launchpad for anyone seeking to build a career in the financial services industry. Supported by a dynamic and diverse team of industry professionals, Mahindra IDEAL Finance has also been recognized as a Great Place to Work for 3 years consecutively by Great Places to Work in 2019, 2020 and 2021. The Company has also been recognized among the top 10 best workplaces in the banking, financial services and insurance sectors in 2021, by Great Place to Work.
Mahindra IDEAL Finance Limited, a subsidiary of Mahindra and Mahindra Financial Services Limited, is a non-bank financial institution (NBFI) and licensed finance company (LFC) registered with Central Bank of Sri Lanka, and commenced operations in March 2012 with a clear focus on the rural and semi-urban sectors. Its lending portfolio consists of gold loans, personal loans and leasing facilities for motorcars, three-wheelers, agriculture vehicles and commercial vehicles, while also providing depositors with attractive returns on their investments. Since its affiliation with Mahindra, through an acquisition of a controlling-stake in the Company by Mahindra Finance, Mahindra IDEAL Finance Limited, has been rated AA-(lka) by Fitch Ratings Lanka.
