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Past performance
About Mangal Credit & Fincorp Ltd Mangal Credit & Fincorp Ltd, formerly Tak Machinery and Leasing Ltd, is a non-banking financial company based in Mumbai, Maharashtra, engaged in providing various types of loans. Established in 1961, the company initially focused on manufacturing through technical collaborations with UK and Swedish firms for electric hoists, conveying equipment, and airline equipment. Over the years, it transitioned to financial services, reflecting a strategic pivot from its manufacturing origins. In 2015, the company executed a significant bonus issue and preferential allotment to repay debt and fund expansion. This demonstrates its focus on strengthening its financial position and supporting future growth. By 2019-20, several subsidiaries, including Mangal Buildhome and Satco Capital Markets, ceased to be part of the company, indicating a consolidation of operations. Mangal Credit & Fincorp Ltd aims to position itself as a reliable financial services provider in the Indian market.