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History of Indel Money

Our History

The legacy of Indel Money began with our visionary founder Mr. Palliyil Janardhanan Nair, fondly called PeeJay. PeeJay began his career as a pilot with Bharat Airways, the pioneer of aviation in India, but then went on to a successful career in various industries across different continents. During his time in Kuwait's Al Mulla Group, as its commercial director in 1970, he became a crucial force in establishing the brand's influence all over the Middle East.

After returning to India in the 1980s, PeeJay turned his entrepreneurial vision into reality by founding a financial services company in Palakkad, Kerala. Today, the company stands as an icon of flexibility and innovation, serving millions of people and thriving in the hospitality, automotive, and entertainment sectors.

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14Years Since Inception
20
25

Year 2025

UPCOMING NCD VI ISSUE. LAUNCHING IN WEST BENGAL.

24

Year 2024

LAUNCHED HYBRID GOLD LOAN. EXPANDED TO NEW DELHI, GUJARAT, ANDAMANS & RAJASTHAN. NCD V ISSUE O/S BY 138%

23

Year 2023

RECEIVES CRISIL BBB+RATING. SERIES III & IV NCDS ISSUED SUCCESSFULLY. ENTERS MADHYA PRADESH.

22

Year 2022

NCD II ISSUE OVERSUBSCRIBED BY 163%. ENTERS IN MAHARASTRA

21

Year 2021

1ST NCD ISSUE OVERSUBSCRIBED BY 125.35%, EXPANDED OPERATIONS INTO AP&TS AND ODISHA.

20

Year 2020

LAUNCHED DOORSTEР GOLD LOAN DURING COVID.

19

Year 2019

MR. UMESH MOHANAN TAKES CHARGE AS ED & CEO

18

Year 2018

ENTRY INTO KARNATAKA MARKEТ.

16

Year 2016

CRISIL BBB RATING AWARDED.

15

Year 2015

EXPANSION INTO TAMIL NADU; FIRST CRISIL RATING RECEIVED.

13

Year 2013

FINANCE BUSINESS REBRANDED AS INDEL MONEY WITH RBI LICENSE.

11

Year 2011

FORMATION OF INDEL CORPORATION AS A HOLDING COMPANY

2025
2011
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