MAHA Introduction

Madras Hire Purchase association (MAHA) is the largest body of asset financiers in in India has reached a landmark of serving to its members and the Industry for the last 25 years. It predominantly consists of Non Banking Finance Companies (NBFC) and Unincorporated Bodies, such as Individuals of Asset financing through Hire Purchase and Hypothecation facilities for the purpose of vehicles and machineries.

The Association as a trade body has taken care of interest of automobile financiers, who transacts business of providing last mile credit in the rural areas of our country. Predominantly, it educates members in developing healthy trade practices, while keeping them updated with current Business trends. Our association has represented on various issues faced by our members and industry, while promoting a spirit of cooperation and goodwill amongst them.

We have closely worked with all the Government Agencies and Authorities, RTOs, insurance Companies, Banks and various leading business chambers to uplift the business standards and practices amongst our members. The membership is spread all over South India with strength of more than 900. We are affiliated to the apex body, Federation of Indian Hire Purchase Associations (FIHPA).

We are glad to inform that most of our members are funding the non accessible, unfunded, unemployed individuals of the society. Our Industry is directly and indirectly involved in creating employment opportunities to large sections of our society. With great pride and pleasure, we wish to inform that we have been highly successful in the upliftment of these people. Many of them have grown to become large fleet operators and highly successful businessman. We have always worked towards the growth of Transport Industry and Indian economy at large.

A group of enthusiastic, energetic individual asset financiers got together to overcome the day do day issues faced by them in the course of business.

Twenty years back, they for casted the need of a common platform to meet the challenges faced by small and individual financiers. They swiftly formed Madras Hire Purchase Association. The objective of this body was to address the difficulties faced by them with appropriate authorities, while creating a platform for members to flourish and grow. MAHA, as we all know has always raised to the need of the hour and resolved the issues faced by the members and Industry, time and again. This has been possible with the dedication. Support and unstinted involvement of fellow members from our Industry.