Mahindra & Mahindra Financial Services Limited, a non-banking financial company (NBFC), was incorporated in 1991 as Maxi Motors Financial Services Limited.
The name was changed to Mahindra & Mahindra Financial Services Limited on November 3, 1992.It is a Large Cap company with a market capital of Rs 10106.63 Crore operating in NBFC sector.
Mahindra Finance ranks among the larger NBFCs in India with over 33,000 employees. Mahindra Finance has a presence in every state in India and a footprint in 85% of its districts. It has a network of over network 1300 offices, serving customers in more than 3,70,000 villages.
Mr. Dhananjay Mungale is the Chairman and Mr. Ramesh Iyer is the Managing Director of Mahindra Finance.
Mahindra Finance providesvarious loans including vehicle loans (utility vehicles, commercial vehicles, tractors, cars, two-wheelers and used vehicles); refinancing; housing finance; SME financing; personal loans; fixed deposits; mutual fund distribution; insurance broking; loan against gold, and construction equipment loan.
Subsidiaries of Mahindra Finance include Mahindra Insurance Brokers Ltd. and Mahindra Rural Housing Finance Ltd.
Mahindra Trustee Company Private Limited, Mahindra Asset Management Company Private Limited (MAMCPL) and Mahindra Finance CSR Foundation.
MMFSL’s key Products/Revenue Segments include Interest which contributed Rs 8614.56 Crore to Sales Value (98.75 % of Total Sales), Fees & Other Charges which contributed Rs 86.92 Crore to Sales Value (0.99 % of Total Sales), Dividend which contributed Rs 13.88 Crore to Sales Value (0.15 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 6.84 Crore to Sales Value (0.07 % of Total Sales) and Rental Income which contributed Rs .71 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.Mahindra Finance has total assets under management (AUM) of Rs 61,250 crore as on March 31, 2019.
For the quarter ended 31-03-2020, MMFSL reported a consolidated sale of Rs 3101.00 Crore, up 1.80 % from last quarter Sales of Rs 3046.10 Crore and up 7.67 % from last year same quarter Sales of Rs 2880.05 Crore. Company has reported net profit after tax of Rs 230.67 Crore in latest quarter.
As on 31-03-2020, the Mahindra & Mahindra has a total of 617,764,960 shares outstanding.
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