The Motor & General Finance (MGF) the flagship company of MGF Group was incorporated in 1930. It is one of the oldest finance companies of India.
With over 76 years of standing MGF has been a role model for new companies entering the field. MGF gave India its first impression of automobiles, hire purchase for financing the commercial vehicles. MGF commenced its activities with Delhi as a base and to cater to the requirements of customers, it expanded its operations to all important cities of the country.
The company diversified into financing earth moving equipments for the construction and mining industries. The company was also involved into merchant banking activities and other areas like corporate advisory services, single point fund management for corporate clients and factoring of debts.
The company was granted license of Merchant Banker which in view of lesser business procurement was surrendered later on. MGF floated a company with Citicorp Securities and Investments (CSIL), an associate of Citibank, to offer scientifically developed collection systems.
MGF Group enjoys a good reputation in the financial market and people manning the operations are known for timely repayment and meeting its financial commitments. The company has impeccable track record of meeting its commitments of repaying deposits and other liabilities in an organized manner and that too without causing compliant whatsoever.
Further inspite of adverse trends prevailing all around including liquidity constraints, the company has been endeavouring its best efforts to ensure that it meets its commitments of repayment of deposits and also reduce total amount outstanding both to the depositors and banks. The company has a sound and healthy asset base.
The company's shares are listed at NSE and Bombay Stock Exchanges. It has made investments in properties, yielding handsome returns.
Services offered by the company:
- Merchant banking activities
- Financing earth moving equipments
- Corporate advisory services
- Single point fund management for corporate clients
- Factoring of debts