What we do Mantra Capital Limited is an RBI-regulated NBFC providing secured loans mainly to micro and small enterprises and electric vehicle financiers across emerging markets in India. |
Founded in 1,983 |
Market share Focused on Tier 3 and 4 cities in Southern India and Delhi NCR with growing presence; niche player in secured small business and green loans. |
Problem solved Addresses credit access gaps for small entrepreneurs and promotes financing for electric mobility and logistics, facilitating formal credit inclusion. |
Top clients or who we serve Entrepreneur-led small businesses and commercial users of electric 3W and small 4W vehicles; primarily B2B and B2C across trade and mobility sectors. |
Key management Deepa Kishor Tracy (Managing Director) with 25+ years entrepreneurial experience; supported by seasoned financial services and industry professionals. |
Our journey and innovations Started active lending in 2024 focusing on secured business and green loans; quickly expanded AUM from ₹1 Cr to ₹85 Cr with OEM partnerships and RBI approval for rebranding. |
Where we operate South India (Karnataka, Andhra Pradesh, Telangana), Delhi NCR, and expanding branch network (17 locations) in high growth regions. |
Top products or what we offer Secured Business Loans and Secured Green Loans for micro and small enterprises, especially in trade, logistics, and electric vehicle financing. |
Top brands Mantra Capital - recognized for secured green and business loans with key OEM partners like Mahindra Mobility and Euler Electric. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from interest on loans - recurring cash flows dependent on loan book performance. |
Our industry position Emerging NBFC with specialized focus on small enterprise lending and electric mobility financing, establishing market niche in southern regions. |
Financial highlights FY 2025 revenue ₹3.43 Cr, net loss ₹8.79 Cr; rapid AUM growth to ₹85 Cr within 15 months signals growth potential. |
Geographical revenue split Predominantly South India (Karnataka, Telangana, Andhra Pradesh) and Delhi NCR markets. |
Order book - |
Whats driving growth Rising demand for microenterprise credit, electric vehicle financing, OEM partnerships, and expanding branch network drive growth. |
Our future plans Scaling loan portfolio to ₹300+ Cr AUM with focus on digital underwriting, expanding geographical presence, and strengthening OEM co-lending. |
Our green promise Committed to climate-aligned finance via secured green loans targeting electric vehicle mobility and CO2 abatement. |
Our people and values Led by experienced first-generation entrepreneurs and professionals emphasizing financial inclusion, ethical governance, and customer-centricity. |
Key challenges ahead Managing asset quality during scaling, narrowing losses, and competition in NBFC lending for small enterprises and green vehicles. |
Interesting facts Crossed 1000 loan disbursals within first year; strategic tie-ups with Mahindra and Euler leverage green loan ecosystem. |
Risks and strategy Focuses on risk-calibrated lending with proprietary scoring, robust compliance, and diversified geographic outreach to mitigate credit risks. |
