Mahindra & Mahindra Financial Services Ltd (MMFSL), a subsidiary of Mahindra & Mahindra Ltd, is a financial services company. It offers non-banking financial services to rural and semi-urban areas. MMFSL provides a range of retail products and services, such as financing of new and pre-owned vehicles and utility vehicles, cars, tractors, commercial vehicles, homes, construction equipment, and small and medium-sized enterprises (SME) financing. It also offers insurance, reinsurance, risk and financial management services. The company specializes in mutual fund distribution and accepts fixed deposits. It also offers wholesale inventory financing to retail-financing customers. MMFSL is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
4th Floor, Mahindra Towers, Dr. G.M. Bhosale Marg, P.K. Kurne Chowk,Worli, Mumbai, Maharashtra, 400018
Website
mahindrafinance.com
Telephone
91 80 02331234
No of Employees
26,329
Industry
Financial Services
Ticker Symbol & Exchange
M&MFIN (NSE)
Revenue (2022)
$1.6B
12.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
82.3%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
62.4%
(2022 vs 2021)
* As of and is in US$
Mahindra & Mahindra Financial Services Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Vehicle Financing | Insurance and Reinsurance Services |
| Pre-owned Vehicle Financing | Investment and Advisory Services |
| Insurance Broking | Risk and Financial Management |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered into a partnership with Lendingkart to arrange business loans for the Small & Medium Enterprise (SME) sector. |
| 2023 | Plans/Strategy | In December, the company announced its plans to enter the life, health, and general insurance segments. |
| 2023 | Contracts/Agreements | In November, Mahindra Finance signed a co-lending partnership with the State Bank of India to offer affordable solutions to customers. |
Competitor Comparison
| Key Parameters | Mahindra & Mahindra Financial Services Ltd | Shriram Finance Ltd | Cholamandalam Investment and Finance Company Ltd | Muthoot Finance Ltd | Bharat Financial Inclusion Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Chennai | Ernakulam | Hyderabad |
| State/Province | Maharashtra | Maharashtra | Tamil Nadu | Kerala | Telangana |
| No. of Employees | 26,329 | 64,052 | 13,248 | 27,273 | 36,871 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ramesh Iyer | Vice Chairman; Managing Director | Executive Board | 2001 | 64 |
| Raul Rebello | Managing Director; Director; Chief Executive Officer | Executive Board | 2023 | 45 |
| Vivek Karve | Chief Financial Officer | Senior Management | 2020 | - |
| Mallika Mittal | Chief Risk Officer | Senior Management | 2021 | - |
| Anish Shah | Chairman | Non Executive Board | 2021 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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