Ideal Finance rebrands itself to Mahindra Ideal Finance

• New identity aims to capitalize on Mahindra Finance’s wide range of expertise
• Rebranding exercise is an important step on the journey to make Mahindra Ideal Finance a leading provider of financial services in Sri Lanka

Sri Lanka/Mumbai, February 24, 2022: Ideal Finance Limited, a subsidiary of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced the rebranding of its company name to Mahindra Ideal Finance Limited (MIFL).

Mahindra Finance and Ideal Finance form NBFI Joint Venture in Sri Lanka

• Mahindra Finance will invest LKR 2 billion until March 2021 for up to 58.2% stake in Ideal Finance.
• The joint venture will capitalize on Mahindra Finance’s 25-year expertise in the financial services domain and Ideal Finance's domestic market knowledge to build a market leading financial services business in Sri Lanka.
• The strategic investment in Ideal Finance is a significant step in Mahindra Finance’s global expansion strategy.

Colombo / Mumbai, August 20, 2019: Mahindra & Mahin

Mahindra inaugurates its 1^st automotive assembly plant in Sri Lanka, expands global footprint

Collaborates with Ideal Motors, commits towards built in Sri Lanka products and competencies

August 17, 2019, Colombo, Sri Lanka: Mahindra & Mahindra Ltd., a part of the US$ 20.7 billion Mahindra Group, today expanded its global footprint with the inauguration of its local automotive assembly plant at Welipenna, near Colombo, Sri Lanka. Christened Mahindra Ideal Lanka Pvt. Ltd. this assembly plant is in collaboration with Ideal Motors of Sri Lanka.

Mahindra Lifespaces signs MOU to set up a SEZ in Sri Lanka

Mumbai: The Board of Investments of Sri Lanka and Mahindra Lifespaces Developers Limited (MLDL) signed an MOU to develop a Special Economic Zone (SEZ) in Sri Lanka at Katunayeke today. This was in the presence of a high powered delegation to Sri Lanka led by Hon’ble Shri Jairam Ramesh, Minister of State for Commerce, with Indian Industrialists and Heads of Indian Corporates, including Mr. Arun Nanda, Vice Chairman, Mahindra Lifespaces Developers Limited. The SEZ will stretch over 65 acres and will be for mixed-use development.