MFins Services Franchise

MFins Services doesn't disclose the amount of any of these charges.

* Breakdown as published by MFins Services. MFins Services confirms 2 charges without disclosing the amount — get it in writing before you pay.

Ways to Partner with MFins Services

4 partner models published by the brand. Figures it doesn't publish are left blank.

How MFins Services says an outlet's numbers work. These are illustrations, not guarantees — check them against existing franchisees before you sign.

What the press, courts and real franchisees or customers have said about MFins Services — summarised by us, with every source linked.

• Franchisee view· 27 Mar 2025

  Telangana master distributor alleges ₹3.06 L paid, no business and no refund

  The buyer alleges he paid ₹3,06,000 by cheque for a Telangana master distributorship on a promise of courier, ticketing, Aadhaar, PAN and cash-withdrawal portals, was told to sell district distributorships at ₹1.35 L and pin-code retailer slots at ₹67,000, that MFins altered the agreement it sent him to suit itself, that bank-branded 'mini ATM' centres (Yes Bank, Bank of Baroda, PNB, SBI) were sold without bank authorisation, and that refund requests went unanswered. He says Malad police in Mumbai would not take his complaint and that he complained to Medipally police station and the Rachakonda police commissionerate in Telangana; he gives no FIR number and we found no record of a case. Alleged; not decided by any court.

  Source: Consumer Court Advisor forum (archived)
• Franchisee view· 28 Jul 2025

  Srinagar buyer alleges ₹1 L distributorship sold on an Ekart tie-up Ekart denied

  The buyer alleges he paid ₹1,00,000 on 22–23 Mar 2024 for a distributorship pitched as including Ekart parcel delivery, that the agreement he received did not mention Ekart, that he was later told the Ekart business was 'not guaranteed', and that Ekart denied any partnership with MFins. He says he has filed a civil suit in a local court that is awaiting hearings; he gives no court or case number and we found no record of it. Alleged.

  Source: Consumer Court Advisor forum (archived)
• Franchisee view· 17 Nov 2025

  Bihar solar franchisee alleges ₹84,960 paid in Sep 2025, no material delivered

  A buyer from Muzaffarpur alleges he paid ₹84,960 into MFins Solar's account on 19 Sep 2025 for a solar franchise sold around the PM Surya Ghar subsidy, arranged a bank loan for a customer whose payment went to MFins, and received no solar material or response from his relationship manager. In later posts (Jan–Mar 2026) he says five months passed with no work done and asks other buyers to join a court case. Alleged.

  Source: Consumer Court Advisor forum (archived)
• Franchisee view· Nov 2025

  Two more buyers allege losses of ₹80,000 and ₹1.2 L

  Two posters say they paid ₹80,000 and ₹1,20,000 to MFins and that its advisers stopped answering calls; another says the promised courier delivery and booking business did not exist. A prospective master distributor in the same thread says the reviews left him 'scared' about a deal he was discussing. Alleged.

  Source: Consumer Court Advisor forum (archived)

Key Terms at MFins Services

The clauses that shape day-to-day running and your exit — read these before the fee.

Payments to the brand

The m-fins.in terms of service say the service is billed in advance and 'is non-refundable. There will be no refunds or credits for partial months of service… No exceptions will be made.' These are website terms, and they name the site's owner as 'Mos financial services Pvt. Ltd.' — the company's former name (same CIN, U74120MH2011PTC221121); MFins publishes no partner agreement.

Other terms

The same terms give the District Courts in Mumbai jurisdiction over any dispute.

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Who Can Apply for MFins Services

Conditions the brand sets for partners, and the licences the business needs.

• Background: An electrical, inverter/battery, construction or sales business, or a local customer network; a technical degree is not mandatoryPreferred
• KYC documents: Aadhaar (front and back) and PAN; GST certificate optional (its 2025 online 'Buy Franchise' application form)Required
• Equipment (agent portal): A PC or laptop with an internet connectionRequired

About the Brand

The franchisor's own company health — separate from what a single franchise outlet earns.

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What MFins Services's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Status with the registrar

Active

Annual filings

Up to date

Last AGM

30 Sep 2025

Paid-up capital

₹1.72 L

Auditor

Mathia and Co (since 1 Apr 2023)

Brand trademark

Registered — 'Mfins Services' word mark, class 35 (application 5655729, filed 20 Oct 2022); a newer 'Mfins' device mark (7882951, filed 25 Jul 2026 in the name 'Mfins Services' at the company's Malad address, not expressly the Pvt Ltd) is ready for examination

Source: MCA filings via Tracxn; Indian Kanoon; Consumer Court Advisor forum (checked Oct 2026)

How MFins Services looks once the numbers are checked side by side.

• ✓The franchisor company is profitableIts latest filed accounts show a net profit. That's the franchisor's money, not yours: a profitable franchisor doesn't mean its franchisees make money. Check real outlet numbers before you invest.
• ✓Brand operating for 15 yearsFounded in 2011. The brand doesn't state when franchising began.
• !4 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Ask Before You Sign

Questions tailored to what MFins Services does and doesn't publish.

1. 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
2. 2Get a written, itemised cost breakdown — the brand hasn't published one.
3. 3Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
4. 4Ask exactly how your margin or commission is calculated, when it's paid, and whether the brand can change it.
5. 5Ask for the agreement term, renewal fee and exit or transfer terms.
6. 6Ask whether you get an exclusive territory, and how large it is.
7. 7Ask the brand to respond to each red flag listed under Reputation & News.
8. 8Have a lawyer review the franchise agreement before paying anything.
9. 9Visit 2–3 existing outlets and speak to their owners without the brand present.

What MFins Services franchisees say

We haven't yet heard from enough MFins Services franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.

Frequently Asked Questions