About Us
Vision
To be a premier NBFC, empowering enterprises, particularly MSMEs and individuals in their growth journey through innovative, fast, and accessible financial services.
About Magnet Finserv
Magnet Financial Services Private Limited is part of the Nandivardhan Group, a distinguished name in the ultra-luxury real estate segment across the Mumbai and Thane regions. Founded by the visionary Shri Anil Mutha, the Group has successfully delivered over 4 million square feet of premium residential developments, earning a reputation for excellence, integrity, and long-term value creation.
Recognizing the growing need for accessible, efficient, and responsible financial services for enterprises and individuals across India, the Group appointed Mr. Rajesh Kakariya as Co-Founder and CEO of Magnet Financial Services Pvt Ltd.
Magnet Finserv is a purpose-driven financial services company committed to making finance accessible, inclusive, and empowering. We focus on serving underserved and unbanked communities by delivering simple, reliable, and affordable financial solutions tailored to real-life needs.
Our mission is grounded in the belief that access to finance is a fundamental enabler of growth, independence, and long-term prosperity. By leveraging innovation, customer-centric practices, and responsible lending frameworks, we aim to bridge existing financial gaps and bring more individuals and businesses into the formal financial ecosystem.
At Magnet Finserv, we aspire to be more than a financial services provider — we seek to be a trusted financial partner in our customers’ journey toward stability and success. Through our work, we actively contribute to strengthening India’s financial inclusion landscape and supporting sustainable economic growth.
Our Core Values
Our values define how we serve, innovate, and grow. They reflect our commitment to integrity, customer focus, responsible innovation, and long-term impact for individuals, MSMEs, and the communities we support.
Integrity & Transparency
Upholding the highest ethical standards in all dealings, ensuring clear and honest communication with customers and stakeholders.
Customer Centricity
Active listening and understand the unique needs of MSMEs / Individuals to provide unparalleled service, speed, and agility.
Innovation
Continuously leveraging technology (AI/ML, digital platforms) and new data-driven credit assessment models to improve access to credit and operational efficiency.
Impact & Empowerment
Committing to a positive social and economic impact, recognizing the transformative power of finance on livelihoods and communities.
Excellence
Strive for continuous improvement, professionalism, and the highest standards of quality in all operations.
Our Leadership
Rajesh Kakariya
Co-Founder & CEO
Rajesh Kakariya is a seasoned Chartered Accountant with a 25-year track record of success at multinational corporations. His extensive experience includes a 17-year tenure across diverse roles and functions within the Tata Communications group, an impactful role for 2 years as Operations Head at Financial Software & Systems (FSS). At FSS, he managed a ₹600 crore P&L and oversaw operations for ~ 20,000 ATMs nationwide. His early career journey included stints at Transocean Inc. and GlaxoSmithKline Pharma.
A true leader with global experience, Rajesh dedicated his initial 14 years to build expertise in Governance & Risk Management. He strategically expanded his skills over the last decade to encompass a wide range of areas, including Sales, Strategy, Global Business Operations, Product & Service Development, Service Delivery, Sales Operations, Digital Transformation and P&L Management.
This unique combination of deep financial acumen, strategic oversight, and hands-on operational experience makes him the ideal leader for Magnet FinServ. Through this entrepreneurial venture, Rajesh is committed to empower its customers and create significant value for all stakeholders.
A Nandivardhan Group Company