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BBB+ | ICRA NCD Secured
11.65%
YTM
N/A
Minimum investment
Quarterly
Payout
11 Aug 2029
Maturity
11.00%
Coupon Rate
₹10,000
Face Value
11.65% / +65 bpsYTM vs coupon

yield above stated coupon

N/AClean / dirty price

Excluding / including accrued interest

About the issuer

Mahaveer Finance India Limited, established in 1981, is a Chennai-based non-banking financial company (NBFC) specializing in used vehicle financing. The company operates across five states with over 67 branches, serving more than 20,000 active customers and managing assets under management (AUM) of ₹883 crore. In June 2025, Mahaveer Finance raised ₹200 crore in a Series C funding round led by Elevation Capital, with participation from existing investors BanyanTree Finance and First Bridge Capital. The funds are intended to expand the company's footprint in South India, enhance its credit infrastructure, and extend lending to underserved customer segments.

Issuance date
11 Aug 2026

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