About Us

COMPANY OVERVIEW

Empower Today, Enrich Tomorrow.

At MAG Finserv, we believe finance is not just about money—it’s about dignity, opportunity, and trust. Our brand is built on the idea that everyone deserves a fair chance to prosper, and sometimes, all it takes is unlocking the hidden value in their possessions—like gold.

We serve as a bridge between financial urgency and personal dignity, providing gold loans that are transparent, accessible, and responsible. But our purpose extends beyond transactions. We channel our success into uplifting the communities we serve—through initiatives in education, health, skill development, and women empowerment.

We see ourselves not merely as a gold loan provider, but as a partner in progress—for individuals, families, and the society at large.

Message from our Chairman

Opportunities over obstacles

“At MAG Finserv, we believe that no problem is too big. Life becomes easier when you stay positive and never give up.

In the early days, we faced many challenges. These challenges taught us about ourselves and our customers’ needs. The difficult times made us stronger. Today, we are stable and growing.

Over the years, we have made deep and meaningful bonds with many people. Together, we have grown. And together, we will keep growing.”

Mr. Ananta Mohotkar

Chairman & Managing Director

Mission / Vision

Our Mission And Vision

Vision

To be India’s most trusted gold loan provider, empowering lives through financial development and sustainable community welfare.

Mission

At MAG Finserv, we provide quick, secure and transparent gold loan services that enable individuals and small businesses to meet their financial needs. Through our integrated social welfare programs, we are committed to enhancing livelihoods, supporting education, medical and business well-being.

Goal

To keep our loans safe (0% NPA) and build a strong, stable future for everyone.

our history

How We Started

Team

Leadership

Ananta Mohotkar

MD and Chairman

R. Harikumar

Independent Director

Sunil Unde

Independent Director

Team

Management

C. S. Durga Walimbe

Compliance Officer

S. V. Mote

Business Head

Khalip Shaikh

Account & Audit Manager

Vinayak Sul

GM, Sales & Marketing

Nilesh Pandit

Vice President - Finance

Team

Team Consultant

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Congratulations to the MAG Finserv family!

We are super excited and proud to announce a co-lending partnership between the Central Bank of India and MAG Finserv, exclusively for Gold Loan.

This is a huge milestone for us and we thank you for being a part of our journey so far!

Looking forward to more such achievements!