MITCON Consultancy Services Ltd. (MITCON), formerly Maharashtra Industrial and Technical Consultancy Services Ltd., was incorporated in 1982 as a joint venture promoted by All-India Financial Institutions, State Development Corporations and Public Sector Banks to provide technical and other consultancy services to the Banks / FIs, industry and services sectors in the states of Maharashtra and Goa. Over the period of last 25 years, MITCON has extended its services in the fields of Energy, IT, Environment, Global Business, Market Research, Agriculture and Agro-based Industries, Bio-Technology, Ethanol, Training, Business Management Education, Sugar Industry and Financial Services Industry.

MITCON is the leading Agency assisting the Banks  / FIs - big & small - in effective implementation of the provisions of the SARFAESI Act,2002 and handling recovery / court and appraisal of loans related assignments on behalf of the Banks / FIs. These activities are carried out by the Securitization & Financial Restructuring Division of MITCON.

The Division is empanelled with almost all the Public Sector Banks and FIs as Enforcement Agency such as State Bank of India, Punjab National Bank, Bank of India, Central Bank of India, Union Bank of India, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, UCO Bank, Exim Bank, Syndicate Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, J & K Bank, Oriental Bank of Commerce, Bank of Baroda, Vijaya Bank, Private Sector Banks like ICICI Bank Ltd., United Western Bank, and Co-operative Banks like The Shamrao Vithal, Rupee, Bharati and Financial Institutions like  IDBIL, IFCI, ICICI, TFCI and KSFC. In addition, the Division is empanelled with Asset Reconstruction Companies like ARCIL, ASREC.

The Division is also operating as `Enforcement Agency’ for Housing Finance companies like HDFC, LICHFL, GICHFC for assistance in actions under the SARFAESI Act.