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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
24

Year 2024

4th Public issue of NCDs. Extended to Andaman, Gujarat, and Rajasthan.

22

Year 2022

Digital Personal Loans and Hybrid Gold Loans launched. 2nd Public Issue of NCDs oversubscribed by 162.97%. CRISIL Rating BBB+. Expands to Maharashtra.

23

Year 2023

3rd Public Issue of NCDs with an oversubscription of 174.64%. Enter Madhya Pradesh & Delhi-NCR.

25

2025

Proposed entry into West Bengal.

15

Year 2015

Expansion into Tamil Nadu, First crisil rating received

16

Year 2016

Rated 888 by CRISIL Rating.

19

Year 2019

Mr Umesh Mohanan is appointed as ED&CEO

20

Year 2020

Indel Money launches doorstep gold loan in Bengaluru.

21

Year 2021

1st Public Issue of NCDs oversubscribed by 125.35%. CRISIL Rating BBB. Entry to AP/ Telangana and Odisha.

18

Year 2018

Entry into the Karnataka market.

11

Year 2011

Formation of INDEL corporation as a holding company

13

Year 2013

Finance business rebranded as Indel Money with RBI License.

2024
2013
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