Ajaybandari
New member
- Dealer Name
- Bhavani Enterprises
- Company Name
- MFINS Services Pvt Ltd
- Customer Care Number
- 9619651515
- Loss Amount
- 500000
- Ratings
- Opposite Party Address
- T-14, 3rd Floor, Sej Plaza, Marve Road, Near Nutan School, Malad West, Mumbai-400064.
I am Bandari Anjaiah, Proprietor of Bhavani Enterprises, Hyderabad. I am sharing my experience with MFINS Services Pvt. Ltd. regarding their Solar Smart Distributor Partner program.
I came across MFINS through Instagram/YouTube reels, shorts and advertisements and approached the company based on the business opportunity promoted by them.
I paid ₹1 lakh on 12.07.2026 and ₹4 lakh on 15.07.2026, totaling ₹5 lakh. After payment, I received the agreement for digital signing. On reviewing it, I found several terms that did not match my understanding from the discussions, including concerns regarding territory, refund conditions and other contractual terms. I therefore did not sign the agreement and requested a refund, which was refused.
The proposal shared with me showed approximately ₹4.18 lakh, while the company collected ₹5 lakh. I was verbally informed about the additional ₹80,000 in connection with an additional territory, but this was not clearly reflected in the agreement provided to me.
I am posting this experience to warn prospective customers to carefully verify all representations, pricing, territory commitments and the complete agreement before making any payment to MFINS.
I am also collecting documents and experiences from other customers who state that they have faced similar issues with the company. These experiences and supporting documents will be kept on record and presented to the appropriate authorities/legal professionals where necessary.
Please verify everything independently before investing any money.
Note: If you believe you are genuinely affected by MFINS, please share your details, payment proofs and other supporting documents with me at bandaribhavanienterprises@gmail.com. I am collecting evidence from affected customers and will try my best to help genuine cases pursue appropriate legal remedies and recover their money.
I came across MFINS through Instagram/YouTube reels, shorts and advertisements and approached the company based on the business opportunity promoted by them.
I paid ₹1 lakh on 12.07.2026 and ₹4 lakh on 15.07.2026, totaling ₹5 lakh. After payment, I received the agreement for digital signing. On reviewing it, I found several terms that did not match my understanding from the discussions, including concerns regarding territory, refund conditions and other contractual terms. I therefore did not sign the agreement and requested a refund, which was refused.
The proposal shared with me showed approximately ₹4.18 lakh, while the company collected ₹5 lakh. I was verbally informed about the additional ₹80,000 in connection with an additional territory, but this was not clearly reflected in the agreement provided to me.
I am posting this experience to warn prospective customers to carefully verify all representations, pricing, territory commitments and the complete agreement before making any payment to MFINS.
I am also collecting documents and experiences from other customers who state that they have faced similar issues with the company. These experiences and supporting documents will be kept on record and presented to the appropriate authorities/legal professionals where necessary.
Please verify everything independently before investing any money.
Note: If you believe you are genuinely affected by MFINS, please share your details, payment proofs and other supporting documents with me at bandaribhavanienterprises@gmail.com. I am collecting evidence from affected customers and will try my best to help genuine cases pursue appropriate legal remedies and recover their money.