CASE ON MAHESH INDUSTRIES

It was 10:30 am on February 2, 2024, when Vaishali, the seasoned senior manager at Commercial Bank’s main branch in Pune reviewed her day’s agenda, aware of the looming end-of-quarter targets. Rajesh, a diligent member of the credit team, walked in and said, "Vaishali Ma'am, this is the loan application for Mahesh Industries," and handed her the file. Mahesh Patil, a 28-year-old entrepreneur, was seeking a working capital loan of ₹15 lakh to meet the rising demand for his precision machining services. He had started the venture in 2019 after working as a machine operator at Mercedes-Benz. Mahesh’s credit profile and collateral were strong, but Vaishali wanted to ensure a thorough review before taking a call on the loan application.