Magnanimous Trade & Finance

Magnanimous Trade & Finance Limited is a public company incorporated in July 1985, functioning as a Non-Banking Financial Institution registered with the Reserve Bank of India. A key company objective is to ensure its remuneration structure is sufficient to attract, retain, and motivate high-quality directors to lead the company successfully. The company's business is conducted according to the objectives described in its Memorandum of Association, with no material changes to its nature of business. Its primary business activities involve providing financial services, including granting unsecured loans to various parties as part of its operations. The company's financial strategy also includes making and holding investments in associate companies, which are a part of its balance sheet. For the financial year, the company's net profit surged to Rs 18.27 crores, a significant increase from the previous year's Rs 42.58 lakhs.;