2/13/17 Mahindra & Mahindra Financial Services Limited - Wikipedia

Mahindra & Mahindra Financial Services

Limited
Fr
omWi
ki
ped
ia,
thef
reee
ncy
clo
ped
ia

Mahindra & Mahindra Financial Services Limited

(
MMFSL)i soneo fIndia
sleadi
n gRuralNBFC Mahindra & Mahindra Financial
[
2]I Services Limited
he
adquart
eredinMu mb ai
,In
dia. ti
sa mo n
g stt
het op
t
ract
orfi
nancerinI
n diaa n
do ff
ersawider angeof
f
in
ancia
lproductst
oa ddres
sv ari
edcustome r
Type Pu
bli
ccompa
ny
r
equir
ements[3]
. Th eNBFCh as1 000+o f
fice
ss pread
Traded as NSE: M&MFI N(htt
p://
www. ns ei
n
ac
ross1inev e
ry3v i
l
lagesacrossIndi
awi thatotalof
dia
.com/ l
i
ve_market
/dynaContent/
li
moretha
n3Mi l
li
onc ustomersti
lldat
e.
ve_watch/get
_quot
e/GetQuote.
jsp?
symbol=M&MFI N)
BSE:53 2720(ht
tp:
//
www. bse
india.
Contents com/stock-s
hare-
pri
ce/x/y/
532720 /
)
Industry NBFC
1Hi
st
ory 1
991
Founded

2Cor
pora
teAff
ai
rs Headquarters Mumba
i,coi
mba
tor
e,I
ndi
a
3Pr
oduc
tsan
dSe r
vi
ces Area served I
ndi
a
Key people Ra
me s
hI yer
,ViceCha
irma
n&
3.
1Ve
hic
leFi
nan
cin
g Pr
esi
dentMahindr
aFi
nanci
al
Se
rvi
ceSe ct
or
3.
2SMEFi
nan
cin
g Products Fi
nanc
ial
ser
vice
s
Revenue 49
,53
0mi
l
li
on(
FY'
1 [
4)1]
3.
3Hou
si
ngFi
nan
ce
Total assets 3
1,6
65.
72mi
l
li
on(
FY'
14)
3.
4In
sur
anc
eBr
oki
ng Total equity 1
,12
7.1mi
l
li
on(
FY'
14)

Number of 1
5,0
00+(
FY'
14)
3.
5As s
etMana
gemen
tCompa
ny employees
(
Mu t
ual
Fund)
Parent Ma
hindr
a& Ma
hindr
a

3.
6Mu
tua
lFu
nddi
st
ri
but
i
on Subsidiaries Mahi
ndraIn
suran
ceBroke
rs
Li
mit
ed
3.
7FixedDe
pos
it
s Mahi
ndraRura
lHousi
ngFina
nce
4Su
bsi
di
ar
ie
s Mahi
ndraAsse
tMa na
gement
Company
4.
1Ma
hin
draMu
tua
lFu
nd Website Mah
indr
aFina
nce
.com (ht
tp:
//www
.
mahi
ndraf
ina
nce
.com/def
a ul
t.
aspx
4.
2Ma
hin
draI
nsu
ran
ceBr
oke
rsLi
mit
ed )

4.
3Ma hi
ndr
aRu
ral
Hou
sin
gFi
nan
ce
Li
mit
ed

4.
4Ma
hin
draBu
sin
essa
ndCon
sul
t
ing

Se
rvi
cesPr
iv
ateLi
mit
ed
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2/13/17 Mahindra & Mahindra Financial Services Limited - Wikipedia

Ser
vi
cesPr
iv
ateLi
mit
ed
5Soc
ial
Ini
ti
at
ive
s

5.
1Li
f
eli
neEx
pre
ss

5.
2Ma
hin
draHa
ri
yal
i

5.
3Ot
herSoc
ial
Ini
t
iat
i
ves

6Awa
rds&Re
cog
nit
i
ons

7Re
fer
enc
es

8Ex
ter
nal
li
nks

History
TheMahi
ndr
aFinan
cejou
rneys
tar
tedo
nJ a
nuar
y1,1991,asMa x
iMot or
sFin
anc
ial
Serv
icesLi
mite [
d.4
]Th e
y
re
cei
vedt
hecer
ti
fi
cat
eofcommenc
ementofbu
sin
essonFebru
ary19,1991.OnNovember3,1992,Ma hi
ndra
Fi
nancech
ange
dt h
eirnametoMah
ind
ra&Ma h
indraFi
nanc
ial
Se r
vi
cesLi
mit
e [
d.5
]Ma
hin
draFi
nan
cei
s
re
gis
ter
edwit
htheRe s
erveBan
kofI
ndiaa
sanas
s e
tfi
nan
ce,deposi
tt
aki
ngNBFC.

In1993itc
omme nce
dfin
a nc
ingM &M Ut i
l
ityv e
hic
lesandin1995sta
rtedit
sfir
stbran
c hout
si
deMu mbai
,i
n
Jai
pur
.Beganfi
nanci
ngNo nM &M v ehi
cl
esin2002a ndgoti
nt
othebusine
ssoffinan
cingofComme r
ci
al
Vehi
cl
esa n
dCo nst
ruc
ti
onEqu i
pment
sin2009 .2011wa stheye
arinwhichtheyhadaJ oin
tVentu
rewit
h
Rabobanksubs
idi
ar
yfortrac
torf
in
anci
nginUSAa ndc ons
oli
dat
edtheproductport
fol
iobyint
roduci
ngSmal
l
andMe di
umEn t
er
pri
ses(SME)fin
anci
ng[
.6]

Corporate Affairs
AsofJ
uly20
16,
.Ra
mes
hIy
eri
sth
eVi
ceCh
air
man&Pr
esi
den
tofMa
hin
draFi
nan
cia
lSe
rvi
ceSe
ct [
7
or:]

Products and Services

Vehicle Financing

Veh
icl
eFin
anci
ng:Aut
oanduti
li
t
yvehi
cl
es,t
ract
ors
,car
s,commerci
alve
hic
lesandcons
tr
ucti
onequ
ipme
ntPr
e-
owne
dv e
hic
lan
cin
g:Loan
sforpre
-ownedcar
s,mult
i
-ut
i
li
tyveh
icl
es,t
rac
tor
sa n
dc ommerc
ialv
ehi
cl
e

SME Financing

Loa
nsf
orv
ari
edpu
rpos
esl
i
kepr
oje
ctf
i
nan
ce,e
qui
pme
ntf
i
nan
cea
ndwor
kin
gca
pit
alf
i
nan
ce[
.8
]

Housing Finance

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2/13/17 Mahindra & Mahindra Financial Services Limited - Wikipedia

Fi
nan
ces,
rur
ala
nds
emi
-ur
banpopu
lat
i
ont
obu
il
dse
lf
-su
sta
ini
ngh
ous
es,pu
kkah
ous
esa
nde
nsu
ret
hei
rupl
i
ft
mean
tins
oci
et
y

Insurance Broking

In
sura
nces
olu
ti
onst
ore
tai
lcu
stome
rsa
swe
lla
scor
por
ati
onst
hrou
ghou
rsu
bsi
di
ar
yMa
hin
draI
nsu
ran
ce
Broker
sLi
mit
ed

Asset Management Company (Mutual Fund)

La
unch
edi
nJu
ne2016,i
tof
fer
smu
tua
lfu
ndp
rodu
cts
,wh
oseNAVi
sar
oun
d1000I
NR.Th
eMAMCs
tar
ted
wi
tha
nAUM of1200Mil
l
ionI
NR.

Mutual Fund distribution

Adv
ise
scl
i
ent
soni
nve
sti
ngmon
eyt
hrou
ghAMFIc
ert
i
fi
edpr
ofe
ssi
ona
lsu
nde
rth
ebr
andMa
hin
draFi
nan
ce
Fi
nsma
rt[
9]

Fixed Deposits

Th
eMMFSLFi
xedDe
pos
ith
asaCRI
SILr
ati
ngof'
FAAA'
,i
ndi
cat
i
ngah
ighl
eve
lofs
afe
ty[
.1
0]

Subsidiaries
Mahindra Mutual Fund

Mah
indr
aAssetMa n
a g
eme n
tComp anyPri
vat
eLimi
t
edisawhol
lyownedsubs
idi
ar
yofMahi
ndraand
Mah
indr
aFina
nci
alSe r
vi
cesLimit
ed(MMFSL) .Mahi
ndraAMCPv tLt
d,ist
heInv
est
men
tMa nag
erfor
Mah
indr
aMu t
ualFund.Its
tar
tedit
sopera
ti
onint
hefi
rs
tweekofJul
y2016,wi
thanAUM of1200Mi l
l
ion
I
NRa n
ditsNAVi sfl
oat
ingaroun
d1 000INR

Mahi
ndr
aMu t
ual
Funde n
dea
vor
stoo
ffe
rav
ari
et
yofmu
tua
lfu
nds
che
mespa
nIn
dia
,wi
t
hspe
cia
lfoc
usi
nru
ral
an
dsemi
-ur
banare
as.[
11]

Mahindra Insurance Brokers Limited

I
nFY2 012-13,t
heins
ura
ncebrok i
ngsub
sidi
ary
,Ma h i
ndraIns
uranceBroke r
sLimit
ed(MIBL)c rosse
dthe
8,
00,000ma r
kinter
mso ft
hepoli
c i
esse
rved.TheCompa ny
stot
alpoli
cies,att
heendof2012-13,s t
oodat
8,
39,408forbot
hlif
eandnon-l
if
er e
tai
lbus
ines
sli
n e
s.Itreache
dat ota
lofRs .600Crore
sg r
osspr e
mium.The
i
ncomeincr
easedby85pe rcen
tfromRs .46.
6Cr oresi
n2011- 12toRs .86.3Croresi
n2012-13.Du ri
ngth
e
y
ea r
,MIBLe nte
redint
oas t
ra
tegi
cp ar
tne
rshi
pwithLe apFrogInv
estments,worl
dsl
arg
esti
nvestorinin
sur
ance
f
orth
eunde
rse
rved[
.12
]T h
rou
ghit
ssubs
idi
aryc
ompany,In
clu
sionRe
sou
rce
sPr
iv
ateLi
mit
ed,Le
apFr
og
i
nve
ste
dRs.80.
4Cr oresf
ora15percent
shar
ehol
di
nginMIBL.

Mahindra Rural Housing Finance Limited

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2/13/17 Mahindra & Mahindra Financial Services Limited - Wikipedia

I
nFY2 012-
13,Ma hi
ndr
aRu ral
Housi
ngFinan
ceLimited(MRHFL)disbur
sedloansagg
regat
i
ngtoRs .432.
9
Cror
es,
upfr
omRs .266.
8Cr oresi
nth
ep r
evi
ousyear.Theprof
i
taft
ert
a xf
or2012-13stoodatRs.222.3
Cror
es,
aga
ins
tRs.11.9Croresi
nthepre
viou
sy e
ar.Theouts
tandi
ngl
oanport
foli
o,ason31Ma rc
h2013,
st
oodatRs
.879.
5Cr ore
s.[
13]

Mahindra Business and Consulting Services Private Limited

Mahi
ndr
aFinance
swh ol
lyownedsubs
idi
ary
,Ma hi
ndraBusi
n e
s s&Con sul
ti
ngSe rv
icesPri
vateLi
mited
(
MBCSPL) ,pr
o v
idessta
ff
in
gservi
cespri
mar
il
ytoMa hin
draFin an
ce.Ita
lsoservesth
es ubs
idia
ri
es(MIBLa n
d
MRHFL)a n
dp ar
entcomp a
ny(Ma h
indr
a&Ma hi
ndraLimi
ted).Du r
in
gtheyear,MBCSPLde put
ed8,098
empl
oye
estothes
ec ompani
es.TheProf
it
aft
erTaxincr
ease
df romRs .7.
1La csin2011-12t oRs.173.8Lac
s
i
n2012-1
3.[
14]

Social Initiatives
Mahi
ndr
aFi
nan
cehaseng
agedinva
ri
ouss
oci
ali
ni
ti
at
iv
estoprov
idepe
opl
ewi
t
hedu
cat
i
on,h
eal
t
hca
ref
aci
l
it
ie
s
an
dredu
cee
nvi
ron
me n
tal
foot
pri
nt
.Someoft
hei
nit
i
ati
vesi
ncl
ude:

Lifeline Express

TheLi f
el
ineExpre
ssisamo bi
l
eh os
pit
alr
unonat rai
nwit
hf i
verail
wayc oaches.Thecoachesareequippedwith
upd a
tedme di
cala
nds u
rgi
calf
aci
li
ti
est
op r
ovidefree,on-th
e-spotdia
g nosi
sa ndtr
eat
me nt
.Itaddre
sse st
he
me di
calre
q ui
re
mentsofi
nhabi
tan
tsfr
omIndiasremote,r
u r
alcorner
st h
a thavescar
ceme di
calfac
il
it
i
e s.About
2,500p at
i
e n
tssuf
fe
rin
gfromdisa
bil
it
i
esli
kecleftl
ip,deaf
ness,poli
o(forc h
il
drenunder14ye a
rs)andc at
arac
t
aretrea
tedo nboar
d.Ma h
indr
aFinancecon
du cte
di t
sfi
rsteversol
ojou rneyoftheLi
fel
in
eEx pres
sa tPuri
(
Odi
sh
a)f
rom24Se
pte
mbe
rto14Oc
tobe
r2 [
012.1
5]

Mahindra Hariyali

Ma hi
ndraHa r
iyal
ii
sthetr
eeplant
ati
o nmodelatMa h
indraGr ou
p.Ma h
indraFi
n an
cepart
ner
edwi t
hschools,
col
leges
,trus
ts,Govern
me n
t
sFo restDepart
me n
tsandol dagehome stosprea
dou rgr
eenagenda.They
pla
ntedaround5 4,
000sapl
ingsacrossIn
dia.Toprot
ec ttheenv
ironment,Mahindr
aFina
nceundert
ookv ari
ous
i
nit
iat
i
ves.Byf ocu
sin
gono pt
imumn a t
ura
lres
ou r
ceusag eandreduci
ngGr een
hou s
eGasemiss
ion.Ma h
indra
Fina
nceh ascont
rol
ledconsu
mp t
ionso fe
lec
tri
ci
ty,wat
e randpape rsi
gni
fic
ant
ly.Theyha
veals
oi ns
tal
l
eds ol
ar
panel
sat v
a r
iou
sremotebranche
s [
.1
6]

Other Social Initiatives

Mahi
ndr
aFina
nceorg
ani
zedBl
oodDon
atio
nc ampsi
n2012-13an
dcol
le
cted1,
085bott
l
esofbl
ood.Thi
s
ac
ti
vi
tywasapar
toft
hei
rbann
erof
EmployeeSoci
alOpt
ion
s(ESOPS)al
ongwi
thvar
iou
sothe
rsoci
al
pr
oje
cts
.Th
eya
lsodon
ate
dfu
ndst
ova
ri
ousNGOst
hush
elpi
ngt
hemi
nth
eirpu
rpos
eofbu
yin
gambu
lan
ces
.[
17]

Awards & Recognitions

BI
TSWi n
nerofNass
comI
TUs e
rAwa r
ds,2012Org
ani
sedbyNASSCOM[18
]
Ra
nked14t
hintheDr
eamCompa
niest
oWor kforAwa
rdsOrga
nis
edbyUTVBloombe
rgWor
ldHRD
Cong
res
s2012[
19]

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2/13/17 Mahindra & Mahindra Financial Services Limited - Wikipedia

Winne
ro fGo l
denPeacockHREx cel
le
nceAwa rdsOr g
a n
ise
dbyIn
sti
tu
teofDirect
ors[
20]

Si
lv
erAwa rdforBestCorpora
teWe bsi
teOr gani
sedbyABCIAwa r
dsin2012(As socia
ti
onof
Busi
nes
sCo mmu nic
ator
sofIndi
a[
)21
]
Ranke
d5 t
hi ntheFi
nanci
alSer
vic
esSectora ndamon gtheTop50compani
eshavin
gov er1,
000
empl
oyeesbyGr eatPl
acetoWorkI ns
ti
tute[
22]

Si
lv
erAwa rdforBestCorpora
teWe bsi
te23]
[

Ranke
d1 0thinthepre
sti
gi
ousDun&Br adstr
eet'
sIndi
a'sTop500Companies2012[24
]

References
1."Ma hi
ndra& Ma hindr
aFi nancialSe r
vicesLt d .Ye arlyRe s ult".TheEc ono mi cTi me s.Re trieved21J ul
y201 4.
2."Ma hi
ndra& Ma hindr
aFi nancialSe r
vicesOve rvie
w"( PDF) .LSESe c u r
it
ie s.Re trieve d6Aug us t20 13.
3."Yo uc anb uyno n-banki
n gf i
nanc ecomp a niess tockst hist ime ".NSEBSETe ch nica lAn a l
y s
is.Re trieved
6Augu s
t2 013.
4."Ma hi
ndra& Ma hindr
aFi nancialSe r
vicesLt d .".The Economic Times.Re tri
eve d6Aug us t2013 .
5."Ab outMa hind r
a& Ma hindraFin anci
alSe rvic esLtdlM&MFI NCo mp an yHi sto ry".Ed elwe i
ss .Re tri
eved
6Augu s
t2 013.
6."Ma hi
ndra& Ma hindr
aFi nancialSe r
vicesLt d .".NDTVPr o fit.Re tri
e ved1 4Au gu st2 01 3.
7."Co mp anyPr ofi
le".Reuters.Re t
rieved1 4Au g ust20 13.
8."Ma hi
ndraFi nanceToVe ntureIn t
oSma l
lBi zLe nding".Newswire.Re tr
ieve d6Aug ust2 0 13.
9."Ma hi
ndraFi nancetov entureintos mallbu si
n esslen ding".The Hindu Business Line.2 7Apr i
l2 013 .Re tr
ieved
6Augu s
t2 013.
10."Ma hi
ndraFi nanceFDHi g hr et
u r
nso f12. 2 1% p .a.Ho wf a rthisi stru e?".MyI n vestme ntI dea s.Re t
rie
ved
6Augu s
t2 013.
11.http://
www. fi
n a
nc i
ale
xpr e
ss .
co m/arti
cle
/ma rke t
s/i
nd i
an- ma rk ets/sebi-g rants-li
ce nc e-to-ma hi
ndr a-mut ual-
fun d/207947/
12."Ma hi
ndra& Ma hindr
aGr oupt akesag i
ants tridewi thLe a pFr o gd eal".The Economic Times.2 1Se p t
embe r
201 2.Re tr
ieved6Au gust20 13.
13."Co mp anyOv er
viewo fMa hi
n draRu ralHous i
n gFin anceLt d .".Bu sine sswe ek.Re trieved6Au gust201 3.
14."Co mp anyOv er
viewo fMa hi
n draBu si
nes s& Con sult
ingSe r vicesPr ivateLi mite d".Bus inesswe ek.Re tri
eved
6Augu s
t2 013.
15."Ma hi
ndraFi nanceallsettob ri
ngI mp actI ndia '
sLife l
ineExp resst oPu ri
" .Or issaDi ary.Re tr
iev ed6Augus t
201 3.
16."Ma hi
ndrar enewsi t
sc ommi tme nttosoc i
e ty".Mo neyCon trol.Re triev ed6Au gu st2 01 3.
17."Ma hi
ndra& Ma hindr
aFi nancialSe r
vicesLt d .".CSRI de ntity.Re tri
eve d1 4Au gu st20 1 3.
18."Na sscom Wi n ne
r".Na sscom.Re tr
ieved6Aug ust20 13.
19.Awa rdWi nners.ht
ml "Bloomb ergAwa rdWi nn ers"Ch e ck|url=va l
u e( he l
p).Wo rldHRDCo ngr ess.Re tr
ieved
6Augu s
t2 013.
20."Gol denPe acockHREx cel
lenceAwa rds".Gol denPe acoc k.Re t
ri
e ved6Aug us t2 013 .
21."ABCIAwa r
dWi n ner
s2 012 "
.ABCI .Re t
rie ved6Au gust2 01 3.
22."Indu str
yWi s
eWi nner
s-2 012".Gr eatPla cet oWo rk.Re tri
e ve d1 4Au g ust2 01 3 .
23."52 ndAn nua lAwa rdWi nners".As soci
ati
ono fBus i
n essCommu ni
c ato r
so fInd ia.Re t
riev ed1 4Augus t2013.
24."Wi nne r
s".DNB.Re tri
eved1 4Au gust20 13.

External links
Of
f
ici
alWe
bsi
t
e(h
tt
p:
//
www.
mah
ind
raf
i
nan
ce.
com/
)

Ret
ri
eve
dfrom"ht
tps
:/
/e
n.wi
kipedi
a.
org
/w/i
nde
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