Mantra Capital Surpasses 1,000 Loan Disbursals, Receives RBI Nod for Name Change
Savani Financials Limited, operating as Mantra Capital, received RBI approval for name change to Mantra Capital Limited. The company disbursed over 1,000 secured loans in its first operational year, with AUM growing to ₹43 crores by June 2025. Mantra Capital focuses on secured business and green loans, operating 17 branches across four states with 146 employees. Despite a net loss, the company's revenue significantly increased from ₹17.54 lakhs to ₹248.47 lakhs year-over-year for the quarter ended June 30, 2025.
22Jul 25
Savani Financials Reports Wider Q1 Loss, Announces Name Change and Leadership Shifts
Savani Financials reported a net loss of Rs. 255.52 lakhs for Q1, up from Rs. 159.14 lakhs last year, despite revenue growth to Rs. 246.27 lakhs. The company announced plans to rebrand as Mantra Capital Limited, subject to approvals. Other changes include the resignation of Company Secretary Darsh Mehta and appointment of M/s. Bansal and Company as Secretarial Auditor.
22Jul 25
Savani Financials Limited Set to Rebrand as Mantra Capital Limited, Appoints New Secretarial Auditor
Savani Financials Limited plans to change its name to Mantra Capital Limited, subject to approvals. The company appointed M/s. Bansal and Company as Secretarial Auditor for five years. Q1 FY2026 financial results show revenue increase to ₹248.47 lakhs but higher net loss of ₹255.52 lakhs. The Board accepted the resignation of Mr. Darsh Mehta as Company Secretary and approved the Board Report for the 41st AGM.