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Mahindra & Mahindra Financial Services Ltd (MMFSL), a subsidiary of Mahindra & Mahindra Ltd, is a non-banking financial company. It provides financial services in rural and semi-urban markets, such as vehicle loans, SME finance, personal loans, insurance broking, housing finance, fixed deposits, and mutual fund schemes. It offers its products and services to a broad customer base, including transport operators, farmers, businesses, self-employed individuals, and salaried individuals across various industries. MMFSL works closely with dealers and Original Equipment Manufacturers (OEMs) to offer convenient on-site financing. The company operates across India and also has a presence in the US through its joint venture with Rabobank Group. MMFSL is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Mahindra Towers, ‘A’ Wing, 3rd Floor, Dr. G. M. Bhosale Marg, P.K. Kurne Chowk, Worli, Mumbai, Maharashtra, 400018
Website
mahindrafinance.com
Telephone
91 22 22895500
No of Employees
22,637
Industry
Financial Services
Ticker Symbol & Exchange
M&MFIN (NSE)
Revenue (2025)
$2.4B
13.8%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
26.2%
(2025 vs 2024)
Market Cap*
$5.3B
Net Profit Margin (2025)
XYZ
10.9%
(2025 vs 2024)
* As of and is in US$
Mahindra & Mahindra Financial Services Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Vehicle Financing | Investment and Advisory Services |
| Pre-owned Vehicle Financing | Risk and Financial Management |
| Insurance Broking | Insurance and Reinsurance Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In August, the company signed a partnership with ICICI Lombard General Insurance to disperse motor insurance products. |
| 2025 | New Products/Services | In August, Mahindra Ideal Finance Ltd launched the MIFL Revolving Business Loan. |
| 2024 | Corporate Changes/Expansions | In October, Mahindra Insurance Brokers Ltd. opened its reinsurance office at the Dubai International Financial Center in the Middle East, Africa, and South Asia region. |
Competitor Comparison
| Key Parameters | Mahindra & Mahindra Financial Services Ltd | Bajaj Finance Ltd | Shriram Finance Ltd | Muthoot Finance Ltd | Cholamandalam Investment and Finance Company Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Pune | Mumbai | Ernakulam | Chennai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Kerala | Tamil Nadu |
| No. of Employees | 22,637 | 71,613 | 76,241 | 29,221 | 46,678 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ketaki Suklikar | Senior Vice President; Chief Legal Officer | Senior Management | 2025 | - |
| Anish Shah | Chairman | Non Executive Board | 2021 | 57 |
| Raul Rebello | Chief Executive Officer; Managing Director; Director | Executive Board | 2023 | 47 |
| Pradeep Kumar Agrawal | Chief Financial Officer | Senior Management | 2025 | - |
| Ramganesh Iyer | Chief Operating Officer | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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