#Dll finance .dll#
DLL is a wholly owned subsidiary of Rabobank Group. DLL partners with equipment manufacturers, dealers and distributors in more than 30 countries to support their distribution channels and help grow their businesses. DLL combines customer focus with deep industry knowledge to deliver sustainable solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. Founded in 1969 and headquartered in Eindhoven, The Netherlands, DLL provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Document Imaging and Technology industries. DLL and MAgNA have partnered together for more than twenty years to collectively grow their agricultural business in the U.S.ĭLL is a global vendor finance company with more than EUR 30 billion in assets.
While the anniversary recognizes the initiation of the joint venture, the relationship between DLL and MAgNA goes back farther. Since then, Mahindra Finance USA has grown significantly, reaching over $1 billion USD of assets under management. The anniversary marks the first end-customer retail finance contract booked by the joint venture in 2011, as well as managing the wholesale financing for MAgNA. This year, Mahindra Finance USA is celebrating its 10 th year of the joint venture partnership. We are excited to continue to take our partnership with MAgNA to new heights.” Javier Pelaez, the newly appointed Managing Director for Mahindra Finance USA, added, “This is a formidable milestone and a true example of a sustainable and long-lasting partnership. We look forward to collaborating with MFUSA to continue growing our business in this strong retail market,” said Viren Popli, President & CEO, Mahindra Ag North America and Mahindra Automotive North America. They bring experience, value, and exceptional service to our customers with a strong focus on product offerings and technology. “MAgNA’s association with Mahindra Finance USA and DLL has resulted in providing a complete financing solution for our dealers and customers. I am sure that we will jointly scale new vistas of financial services, positively impacting the communities at large,” noted Ramesh Iyer, Vice Chairman & Managing Director, Mahindra & Mahindra Financial Services, when speaking on the association.Īlong with the joint venture agreement, Mahindra Finance USA and MAgNA have agreed to an extension of their Program and Support Agreement for retail and wholesale financing in the U.S. The mutually rewarding relationship has allowed both companies to further finance key agriculture-based projects and equipment. “It is a matter of pride for us to take forward our association with DLL. “By signing this agreement, we can continue to provide Mahindra, its dealers, and end customers with competitive and effective financing options to meet their needs.” “We are delighted to extend our JV agreement with Mahindra & Mahindra Financial Services,” said Tom Meredith, DLL Chief Commercial Officer and Executive Board Member. DLL and MMFSL bring more than 60 years of combined experience in financial services and equipment lending.
The joint venture, under the name Mahindra Finance USA, offers retail and wholesale financing in the United States for Mahindra Ag North America (MAgNA), which assembles and distributes tractors, side-by-sides, and implements in North America. HOUSTON, Ma– DLL, a global financial solutions provider and fully-owned subsidiary of the Rabobank Group today announced an agreement with Mahindra & Mahindra Financial Services Limited (MMFSL) to extend their long-standing U.S.