About Us


We are a hassle-free lending company.
And people are at the core of what we do.

For a decade and a half, we have assisted over a lakh customers in overcoming their financial obstacles through our diversified lending portfolio. We love what we do and we love seeing people realise their dreams—this ideology is at the heart of who we are.

We, at MAGFinserv, value relationships and believe in nurturing them with the utmost care and consideration. We have developed enduring bonds with our people, employees, customers, associates and the society—transcending barriers to enhance and enrich both of us. Our culture which reflects in our actions is guided by the following credo.

From the Chairman’s desk...

Opportunities over obstacles

“If the MAG Finserv journey apprises you on anything then let it be a constant reminder of the life mantra “never back down”. Come what may, in every situation, under every circumstance, a positive outlook towards life will inadvertently help you overcome hurdles in your way successfully.
Early on, we faced many challenges and from these challenges we learnt a great deal about ourselves as well as our customers’ pain points. The tough roads led us to discovering our strengths and playing strong on them. And, eventually, took to a place of stability and growth.
Through these experiences we have created and cherished some heartfelt bonds with people. Together, we have risen time and again and, together, we shall all keep rising high even further.”

Mr. Anant Mohotkar

Chairman & Managing Director



To establish our presence pan India and set up for success to launch globally.


To work with strategic focus on excellent quality , affordable cost, timely delivery and complete customer satisfaction.


To achieve 0% NPA and ensure sustainable economic future.


What drives us ahead

Passion for people

Our perspective on people is not limited to finance but rather have a holistic look at their lives and then devise our solutions.

Enriching our employees

Each employee is an asset of the MAG Finserv family in whom we continuously invest through talent nurturing and reward programs.

Customer-first approach

From grass root-level farmers to top corporate elites, our customer base is diverse and we give equal value and dedication to all.

Partnerships that empower

We are an NBFC who knows that strategic alliances have the power to take the organisation forward; so our associates are our strength.

Unwavering social commitment

Socio-economic upliftment has been our constant unspoken endeavour, and through this journey we have been able to benefit many.
our history

How We Started



Ganpat Mohotkar


Ravindra Velankar

Independent Director

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Ameya Tambekar


Sunita Mohotkar



Shrineel Goswami

Shrineel Goswami

Business Head - Gold Loan

CS Durga Walimbe

Compliance Officer

Shivshankar Mothe

Business Head, Small and Micro Loan

K M Shaikh

Manager, Accounts & Audit

V. Sul

GM, Sales & Marketing