Overview

Deccan Finance is a RBI registered (Since 1980) NBFC which has grown over the past decades on the foundations of dedicated customer service, fair business practices, and efficient, safe and trusted financial policies. The Company started on 2nd November 1978 with an extensive business on Asset Financing. The Company today has Business presence at 3 states. The company has evolved over time and has transformed to meet the ever changing demands of our customers and we take pride in being able to solve their problems. Ride finance is our newest endeavor towards the passion of making life easy for our customers.

Vision

Our pledge: To improve the livelihood and income needs of Semi-urban and Rural India, by fulfilling its Mobility needs . Also promoting the cause of Clean and Green mobility requirements.

Mission

Be a leading technology based Mobility Finance provider, which helps us to reach remotest location and customer, faster and help them to on-board hassle free, at ease and with full transparency.

Values

Transparency: In dealing with Customer, Vendors, Partners and Employees

Adaptable: With greater understanding of Market, geographies and people, adapt and change product offering with benefit of all

Resourcefulness: Encourage empathetic relationship, build partnership and utilize network capabilities for organization and customer benefit

Agile: Understanding market and Customer requirement and be agile and fast to develop processes towards the changing dynamics

Integrity: To whoever we deal with we will engage with spirit and letter of high integrity and demonstrate zero tolerance towards lack on integrity in terms financial integrity, data integrity, or people

Board of Directors

Kailash Mull Dugar served as Past President of the Federation of Indian Hire-Purchase Association and the Andhra Chamber of Commerce. Former President of a few financial associations and Finance Industry Development Council Committee Member.

Kailashmull Dugar

Executive Chairman

Sanjay Bhansali, the Managing Director of Deccan Finance Limited, has over 28 years of expertise in the automotive finance industry. He is well-connected in the financial sector, having served as Chairman of numerous organizations and is a committee member of the Finance Companies Associations.

Sanjay Bhansali

Managing Director

Hemant Dugar is a director, holds a master’s degree in computer science and has worked in the software sector for over 20 years. He works in the software industry and leads a software company. He also invests in real estate.

Hemant Dugar

Director

Abhay S Mehta is a director, a Professional Gemologist, and a partner in the Mehta Jewellery family business, which specializes in retailing and manufacturing jewellery. He was the Regional Chair for South Asia and an active member of EO (Entrepreneur’s Organization) 

Abhay S Mehta

Director

K.V.Ramana Shetty is a Director with over 25 years of experience in the construction industry. He is a Managing Director of GK Shetty Construction Private Limited. A major real estate investor who works for large construction companies.

K.V.Ramana Shetty

Director

Murali Rama-swami is an executive director having 3 decades of experience in various facets of Banking, essentially in Credit, Finance, and Operations. He worked as a Result-oriented, Financial, Management, and Banking Professional.

Murali Ramasamy

 Independent Director

Milestones

1980
1992-93
2000
2015
2017-20
2021

1980

1980

Incorporation

Deccan Finance laid the first baby steps in the year of 1980. It started as a deposit taking NBFC. It commenced its UCV business also during the same time. The company listed itself in the Madras stock exchange in the year 1980.

1992-93

1992-93
  • In the year 1992-93, Mr Sanjay Bansali joined the Company. Mr Kailash Duggar continues as the Chairman of the company.
  • The company also converts itself into non deposit taking NBFC and prepaid Rs. 11 crore of deposits in doing so.
  • Another important milestone for Deccan Finance also came in the same year. Deccan Finance became the exclusive new car financier for Maruti Udyog in TamilNadu.

2000

2000

New Openings

In the year 2000, the company took another step in helping Indians own a car. Deccan finance started financing used cars in addition to new cars.

2015

2015

Mr Sanjay Bhansali was appointed as the Managing director of Deccan Finance Limited. This is the position which he continues to hold today.

2017-20

2017-20

Going Private

In 2017 the company decided to go private, and delisted from the Madras stock exchange. The shares were purchased in a buyback offer at Rs. 40 per share. This transformation was complete by 2020. The company also saw tremendous growth in the used car financing Business.

2021

2021

In 2021, the company started another phase of transformation and it included a professional management team to launch the flagship two wheeler financing arm, ‘Ride Finance’.

Leadership Team

Noor Mohamed is a seasoned finance professional with over 20 years of progressive experience in the banking and financial services sectors. 

Prior to joining Deccan Finance, Noor worked with various banks and Nbfc’s and his last stint was with IndusInd Bank as a Senior Vice President heading the car loans. His expertise and exposure lies in complete vehicle finance industry especially in car loans domain including strategic planning, market analysis, new market development, product positioning and branding and leadership.

Noor Mohamed

President - Operations

Johnson Raju Gona is a Zonal Manager who has 17 years of experience selling auto loans in a wide range of industries. Johnson Raju Gona’s most recent position was as Regional Head of Auto Loans of a few southern states at ESAF Small Finance Bank.

Johnsonraju Gona

Zonal Manager - Sales

Awards

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You have waited long for that dream bike. Own it and Ride it now with Pride. Ride Finance makes this journey easier with loans that are attractive, hassle free and on-time

Deccan

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Grievance Redressal

Alamelu A, Vice-President-Finance & Planning of the Company is the Grievance Redressal Officer under the Fair Practices Code. She can be approached by the customer for resolution of complaints against the Company in the below mentioned address:

Deccan Finance Limited
“Padminee Towers”, 3rd Floor,
No.20, Pycrofts Garden Road,
Nungambakkam, Chennai – 600 006
Email address: alamelu.a@myridefinance.com

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