What we do Mega Corporation Limited is a Non-Banking Financial Company focusing on investment, loan and leasing services, expanding into innovative retail lending including EV battery financing under the Lendingo brand. |
Founded in 1,985 |
Market share Emerging player in NBFC sector with expanding presence in EV financing and used car loans, leveraging government incentives and partnerships. |
Problem solved Facilitates accessible financing solutions promoting vehicle ownership, especially for electric vehicles and rural customers, supporting financial inclusivity. |
Top clients or who we serve Retail customers for vehicle and battery loans; also serves small businesses; operates largely in B2C lending. |
Key management Surendra Chhalani (Executive Director and CFO), Anisha Anand (Executive Director) with a focus on strategic growth and governance. |
Our journey and innovations Established in 1985; merged with Mega Airways Limited in 2019; launched Lendingo brand targeting EV finance; diversified into retail lending segments. |
Where we operate Primarily India with focus on urban and rural markets; partnerships with EV manufacturers and dealerships. |
Top products or what we offer Securities investment, loans, leasing, EV lithium battery financing, retail vehicle loans via Lendingo. |
Top brands Lendingo - #1 EV battery financing brand in initial rollout, growing retail loan product portfolio under this brand. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from lending interest and services, representing recurring income streams with growth in EV-related segments. |
Our industry position Growing NBFC with niche in EV financing; established foothold in rural and urban lending markets with regulatory compliance. |
Financial highlights FY 2024-25 Revenue Rs.61.4 Cr, Profit Rs.0.25 Cr, Earnings Per Share Rs.0.08, showing steady growth from previous year. |
Geographical revenue split Revenue primarily from Indian markets; no significant international operations. |
Order book - |
Whats driving growth EV adoption surge, government incentives, retail lending expansion via Lendingo, and collaboration with vehicle dealers. |
Our future plans Expand Lendingo offerings, enter new retail lending segments, increase loan book size and geographic reach within India. |
Our green promise Promotes EV financing to support sustainable transport solutions aligned with government green initiatives. |
Our people and values Small, skilled workforce of 9 employees; emphasis on training, inclusivity, and employee development programs. |
Key challenges ahead Competition in NBFC sector, regulatory changes, credit risk management, and scaling in evolving EV markets. |
Interesting facts Merged with Mega Airways Limited in 2019; rapid pivot to electric vehicle finance leveraging policy trends. |
Risks and strategy Managed credit, market, operational risks via policies; focus on compliance, internal controls, and diversification of loan portfolio. |
