Mahindra Ideal Finance: One of Sri Lanka’s Great Places to Work

MIFL team at the Great Place to work Awards ceremony for Best 10 companies in the Banking, Financial Services and Insurance industry held at Hilton Hotel, Colombo

Mahindra Ideal Finance is not only one of Sri Lanka’s leading finance companies, but also one of Sri Lanka’s top employers of choice, attested to by the company being certified as a Great Place to Work for three consecutive years, most recently in 2021. 

The company has also been recognised amongst the Best 10 companies in the banking, financial services and insurance sector in 2021 by the Great Place to Work Sri Lanka. As a result, Mahindra Ideal Finance has attracted a diverse group of individuals at the top of their game to be a part of the company’s various teams. 

Having embarked on a landmark islandwide network expansion strategy, Mahindra Ideal Finance is also creating new opportunities for aspiring Sri Lankan professionals looking to build solid careers in financial services. 

Discussing the expansion strategy and career growth opportunities, Chief Executive Officer Duminda Weerasekara said: “As we are growing our presence around the country through the expansion of our branch network, we are looking for driven and passionate people to reinforce our teams. 

“As we have been a dedicated, caring and trustworthy employer since our inception, Mahindra Ideal Finance is the ideal platform for dynamic young professionals looking to launch or grow their careers. Even during the pandemic, we were among the few companies that went above and beyond to ensure job security and health and safety, from more than just a physical health perspective. 

“Also, we have cultivated an open, performance-driven, meritocratic culture that provides opportunities for growth and also creates a supportive work environment with a ‘one team’ mindset. Ultimately, we owe our success to our people, and thus they are our most important asset. It’s this understanding and dynamic that has resulted in us being tipped as a Best 10 best workplace in the BFSI sector and a Certified Great Place to Work for three years running.”

Great Place to Work, headquartered in the USA, is the global authority on high-trust, high performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognise outstanding workplace cultures.  

This program recognises organisations that have undertaken the Great Place to Work’s rigorous two lens model of the Trust Index Employee survey and the Culture Audit people practice analysis framework and matched the global qualification criteria required to be a Great Workplace. These assessments search for companies where employees, no matter who they are and what they do for the organisation, are having a consistently positive experience of trusting their leaders, enjoying the people they work with, and having pride in what they do. 

Mahindra Ideal Finance Ltd., a subsidiary of Mahindra and Mahindra Financial Services Ltd., is a non-bank financial institution (NBFI) and licensed finance company (LFC) registered with Central Bank of Sri Lanka and commenced operations in March 2012 with a clear focus on the rural and semi-urban sectors. 

Its lending portfolio consists of gold loans, personal loans, and leasing facilities for motorcars, three-wheelers, agriculture vehicles and commercial vehicles, while also providing depositors with attractive returns on their investments. Since its affiliation with Mahindra, through an acquisition of a controlling-stake in the company by Mahindra Finance, Mahindra Ideal Finance Ltd. has been rated AA-(lka) (stable outlook) by Fitch Ratings Lanka.