Vadodara: Mangalam Industrial Finance Limited has announced the integration of advanced Artificial Intelligence (AI) technologies across its core operations, marking a significant milestone in its journey towards becoming a future-ready, technology-driven Non-Banking Financial Company (NBFC).
The AI-led transformation will enhance key functional areas including credit assessment, fraud detection, loan processing, and customer engagement. By leveraging intelligent algorithms and data-driven insights, the company aims to enable faster decision-making, improve accuracy in risk evaluation, and deliver highly personalized financial solutions to its customers.
This initiative will facilitate instant loan processing, strengthen risk management frameworks, and significantly improve operational efficiency. Additionally, customers will benefit from a more seamless and tailored experience, aligned with evolving digital expectations.
Speaking on the development, the management of Mangalam Industrial Finance Limited stated that this move underscores the company’s commitment to innovation, customer-centricity, and sustainable growth in an increasingly competitive financial landscape.
With this strategic adoption of AI, Mangalam Industrial Finance Limited reinforces its vision of embracing cutting-edge technology to drive long-term value for stakeholders and deliver superior financial services.
Venkata Ramana Revuru, Chairman & Managing Director, Mangalam Industrial Finance Limited (MIFL) said: “At Mangalam, we are bridging the gap between traditional lending and future-tech. By embedding AI into our credit and risk frameworks, we are shifting from manual processes to a high-precision, data-driven model. This transformation is about speed, security, and scalability—ensuring we deliver instant, personalized financial solutions while maintaining the highest standards of risk governance for our stakeholders.”
