About MHPL
Maw Hire Purchase Limited (MHPL) is a fully licensed non-banking financial company specializing in hire purchase financing for two-wheelers, commercial vehicles, smartphones, and electronic devices.
We exist to bridge the gap between aspiration and ownership — offering structured, transparent, and accessible EMI solutions that enable households and small businesses to acquire productive assets without financial strain.
Operating through a growing network of regional branches, MHPL is governed by a framework that prioritizes customer protection, regulatory compliance, and long-term institutional stability above all else.
Vision
To be the most trusted hire purchase institution in the region.
We envision a financial landscape where every individual and small business has access to fair, structured, and dignified financing — enabling them to own productive assets and build lasting economic security.
Mission
Enabling ownership through principled, people-first financing.
Our mission is to provide transparent, responsible hire purchase solutions backed by a governance structure that protects customers and strengthens community prosperity — delivered through integrity, accessibility, and disciplined financial management.
Core Values
The principles that govern every decision we make
01
Integrity
Every transaction is conducted with full transparency. Our customers know exactly what they commit to — no hidden charges, no fine-print surprises, no exceptions.
02
Accountability
Our leadership is directly accountable to customers, regulators, and the communities we serve. Governance is not a formality here — it is our foundation.
03
Accessibility
Our EMI structures are designed to be achievable — matching repayment schedules to realistic household income and capacity, not to optimize our yield.
Message From Chairman
Vishnu Kumar Agarwal
Chairman & Founder, MHPL
"We built MHPL not on the promise of profit alone, but on the conviction that access to fair financing is a right — not a privilege."
When we founded Maw Hire Purchase Limited in 2015, we saw an enormous unmet need — hardworking individuals who could afford a monthly repayment but had no credible institution willing to structure one for them fairly.
Over the past decade, we have grown steadily and deliberately. We have resisted the temptation to expand faster than our governance infrastructure could support. That discipline is reflected in a portfolio repayment rate that stands among the highest in our peer group — and in customers who trust us enough to return.
As we enter our next chapter, our commitment is unchanged: to be the institution that people in this region turn to first when they need to finance an important asset — because we have earned that trust, one customer at a time.
Governance
Board of Directors
Suraj Kumar Jha
Chairman & Founder, MHPL
Ravindra Agarwal
Manager