Mega Corporation Ltd Company Summary

Mega Corporation Limited, incorporated on 26 March, 1985, is classified as a Non-Deposit Taking Non-Banking Financial Company (NBFC), licensed by the Reserve Bank of India (RBI). MCL is engaged in investment in securities and provides loans and leasing & financial services to other establishments.In 2019-20, the Company and its subsidiary Company, Mega Airways Limited (MAL) was merged through the Scheme of Amalgamation effective on August 09, 2019.The Company focus on providing innovative financial solutions to both urban and rural customers. With a mission to promote financial inclusivity and sustainability, Company is expanding its operations through the Lendingo brand.

Initially offering EV Lithium Battery financing, the Corporation plan to diversify into various retail lending segments. Apart from this, the global shift towards rise of electric vehicles (EVs) has created significant growth potential in EV financing and battery loans.Government incentives for EV adoption further increase demand for financing solutions. Growing demand for affordable vehicle ownership creates opportunities in the used car financing market.

Collaborations with EV manufacturers and dealerships enhance Lendingos visibility, provide exclusive promotions, and create integrated financing solutions at the point of sale.