Mahindra Finance Newsroom

25/10/2016

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F-2017 Q1 Consolidated Results; Income up by 4%; PAT up by 1%; AUM up by 11% crosses 41000 Crores

22/07/2016

The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a leading provider of financial services in the rural and semi-urban markets announced today the unaudited financial results for quarter ended 30 th June, 2016

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Mahindra & Mahindra Financial Services Limited - Press Release Public Issue of Non-Convertible Debentures

23/05/2016

Mahindra & Mahindra Financial Services Limited (“Company”), one of the leading non-banking finance companies with customers primarily in the rural and semi-urban markets of India, plans to raise debt capital with a public issue of NCDs opening on May 25, 2016.

21/10/2015

F-2016 Q1 Income up by 9%; F-2016 Q1 PAT down by 37 %

24/07/2015

The Board of Directors of Mahendra & Mahendra Financial Services Limited(Mahendra FInance) a leading provider of financial services in the rural and Semi-urban markets anounced today the unaudited financial results for the quaters ended 30th june,2015

F-2018 Q2 Consolidated Results

25/10/2017

Mumbai, October 25, 2017: The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a leading provider of financial services in the rural and semi-urban markets announced today the audited financial results for quarter and half year ended 30th September, 2017.

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Mahindra Finance Announces Winners of Rural Talent Hunt - ‘Bharat Ki Khoj’

16/10/2017

25/04/2017

F-2017 Q4 Standalone Results - Income up by 9% Disbursement up 23% PAT declined by 37% AUM up by 14%, crosses 46000 Crores

25/04/2017

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Mahindra AMC to launch Mahindra Mutual Fund Dhan Sanchay Yojana

26/12/2016

Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and the wholly owned subsidiary of Mahindra Finance, today announced the launch of its open-ended equity scheme "Mahindra Mutual Fund Dhan Sanchay Yojana". The scheme seeks to generate long term capital appreciation and income through investments in equity and equity related instruments, arbitrage opportunities and debt & money market instruments. The new fund offer will open from January 10, 2017 and will close on January 24, 2017. Thereafter, the scheme will reopen for continuous sale and repurchase from February 8, 2017.

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Mahindra Finance wins “Conscious Capitalist for the Year” Award at Forbes India Leadership Awards 2016

11/11/2016

Mahindra Finance, a leading provider of financial services in rural and semi-urban India, won the ‘Conscious Capitalist for the Year’ award at the Forbes India Leadership Awards 2016, for its stellar role in promoting sustainable and transformational business practices resulting in deep-rooted benefits to the community.

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Save Tax and Build a Tax-free Investment Corpus through Long Term Investment

22/08/2016

Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance, today, launched Mahindra Mutual Fund Kar Bachat Yojana – an Open Ended ELSS Scheme with a 3 year lock-in period. The New Fund Offer closes on October 7, 2016, and will reopen for continuous sale and repurchase from October 19, 2016.

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Mahindra Insurance Brokers introduces innovative ‘Pay-As-You-Can’ model to increase insurance penetration

07/07/2016

Business Standard

Mahindra Finance net profit jumps 87% to Rs 588 cr in March quarter

Mahindra Finance Wednesday reported an 87 per cent rise in net profit to Rs 588 crore for the fourth quarter ended March 2019.

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Media Coverage

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Television

Mr. Ramesh Iyer, VC & MD, Mahindra Finance, speaks on the Firm's Q3 Results | CNBC TV18

Mr. Ramesh Iyer, VC & MD, Mahindra Finance on RBI Draft Norms on NBFC Dividend – ET Now

Mr. Ramesh Iyer, VC & MD, Mahindra Finance on Q2FY21 Financial Results and Business Outlook – CNBC TV18

Mr. Ramesh Iyer, VC & MD, Mahindra Finance on Q2FY21 Financial Results and Business Outlook – ET Now

Mr. Ramesh Iyer, VC & MD, Mahindra Finance on Corporate Strategy and Business Outlook – Zee Business

Mr. Ramesh Iyer, VC & MD, Mahindra Finance on Rural Route to Recovery – ET NOW

Mr. Ramesh Iyer, VC & MD, Mahindra Finance on Rights Issue – CNBC TV18

Business Insider in conversation with Mr. Ramesh Iyer, VC & MD, Mahindra Finance, on Rights Issue

Ramesh Iyer, VC & MD, Mahindra Finance – Mahindra Finance Q1 Results on CNBC TV

Ramesh Iyer - VC & MD, Mahindra Finance – Improving Capital Position of NBFCs, HFCs – CNBC TV18 – 02/07/2020

Ramesh Iyer VC & MD, Mahindra Finance – On Customers Opt for Moratorium – CNBC TV18

Ramesh Iyer, VC & MD, Mahindra Finance – On Mahindra Finance Q4 results – ET NOW

Ramesh Iyer, VC & MD, Mahindra Finance – On Customers Opt for Moratorium – ZEE BUSINESS

Ramesh Iyer VC & MD – Mahindra Finance – ON RECOVERY IN RURAL INDIA – BLOOMBERG QUINT

Ramesh Iyer VC & MD – Mahindra Finance – ON FY 2019-20 Q3 RESULTS – CNBC BAZAAR

Ramesh Iyer VC & MD – Mahindra Finance – ON SEEING GREEN SHOOTS VISIBLE IN THE ECONOMY – ET NOW

Ramesh Iyer VC & MD – Mahindra Finance – ON FY 2019-20 Q3 RESULTS – ZEE BUSINESS

Ramesh Iyer VC & MD – Mahindra Finance – ON NBFC’S ROLE IN RETAIL FINANCE, GROWTH PLAN FOR FY21, AND OVERALL MARKET OUTLOOK – ZEE BUSINESS

Online

Media Kit

Overview

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.7 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has over 1,385 MMFSL offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country. It is a part of the Mahindra Group, one of the largest business houses in the country.

AUM of over

USD 11 Billion

Pan India

1385 offices

Customers

7.7+ Million

Reach

3,80,000 villages & 7000 towns

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Factsheet

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Executive Profiles

Dr. Anish Shah is the Managing Director and CEO of Mahindra & Mahindra Ltd. He joined Mahindra Group in 2014, as Group President (Strategy), and worked closely with all businesses on key strategic initiatives, built capabilities such as digitization & data sciences and enabled synergies across group companies. In 2019, he was appointed Deputy Managing Director and Group CFO, with responsibility for the Group Corporate Office and full oversight of all businesses other than the Auto and Farm sectors, as a part of the transition plan to the CEO role.

Anish was President and CEO of GE Capital India from 2009-14, where he led the transformation of the business, including a turnaround of its SBI Card joint venture. His career at GE spanned 14 years, during which he held several leadership positions at GE Capital’s US and global units. As Director, Global Mortgage, he worked across 33 countries to drive growth and manage risk. As Senior Vice President (Marketing and Product Development) at GE Mortgage Insurance, he led various growth initiatives and played a key role in preparing the business for an IPO, as a spinoff from GE. In his initial years with GE, Anish also led Strategy, eCommerce and Sales Force Effectiveness and had the unique experience of running a dotcom business within GE. Anish also received GE’s prestigious Lewis Latimer Award for outstanding utilisation of Six Sigma in developing a “Digital Cockpit.”

He has diverse experience with global businesses beyond GE. He led Bank of America's US Debit Products business, where he launched an innovative rewards program, led numerous initiatives in payment technology and worked closely with various teams across the Bank to enhance value for the customer.

As a strategy consultant at Bain & Company in Boston, he worked across multiple industries, including banking, oil rigs, paper, paint, steam boilers and medical equipment. His first role was with Citibank in Mumbai, where he issued bank guarantees and letters of credit as Assistant Manager, Trade Services.

Anish holds a Ph.D from Carnegie Mellon’s Tepper School of Business where his doctoral thesis was in the field of Corporate Governance. He also received a Masters degree from Carnegie Mellon and has a post-graduate diploma in Management from the Indian Institute of Management, Ahmedabad. He has received various scholarships, including the William Latimer Mellon Scholarship, Industry Scholarship at IIMA, National Talent Search and Sir Dorabji Tata Trust.

Dr. Anish Shah

Non-Executive Chairman

Mr. Ramesh Iyer’s key mandate at Mahindra Group is to drive inclusive growth, aligned to our guiding belief of driving rural prosperity. He has been instrumental in building Mahindra Finance since 1994 into one of India’s leading rural finance companies.

Mr. Iyer manages the Financial Services Sector of the Mahindra Group which includes Mahindra & Mahindra Financial Services Limited, Mahindra Insurance Brokers Limited, Mahindra Rural Housing Finance Limited, Mahindra Manulife Investment Management Private Limited and Mahindra Manulife Trustee Private Limited. He also oversees the operations of Mahindra Finance USA, LLC., a U.S. joint venture with De Lage Landen Financial Services Inc., (DLLFS) a wholly-owned subsidiary of the Rabobank Group. The total Assets Under Management (AUM) of the Sector is more than Rs. 80,000 Crores (around 11 billion US$).

Mr. Iyer has been closely involved in the development of the Country’s dynamic Financial Services Sector. Mr. Iyer is the Chairman of Finance Industry Development Council (FIDC) and the Confederation of Indian Industry (CII) WR Task Force Committee on Human Resources and also co-chairs the NBFC Committee of IMC Chamber of Commerce & Industry. He is an active member on various committees like CII National Committee on Financial Inclusion and Digitisation, CII National Committee on Leadership & HR, Banking & Finance Committee of the Bombay Chamber of Commerce and Industry (BCCI) and the Taskforce of NBFCs of the Federation of Indian Chambers of Commerce and Industry (FICCI). He also serves on the boards of several Mahindra Group Companies.

Apart from being on the various bodies of the Financial Services Sector, Mr. Iyer is also on the Advisory Boards of various Educational Institutions like IITB-Washington University, Vidyalankar Institute Of Technology – School Of Management, WeSchools’ PGDM-Rural Management Committee and on the College Development Committee of Vivek College of Commerce.

Mr. Ramesh Iyer

Vice-Chairman & Managing Director

Mr. Dhananjay Mungale is a member of the Institute of Chartered Accountants of India and has a Bachelor's Degree in Commerce and Law from Mumbai University. He has spent a major part of his career in corporate and investment banking in India and Europe. He was Vice President – Private Banking, Bank of America and was a Member – Executive Committee, DSP Merrill Lynch Limited. Presently, he is an advisor to various corporations in both, India and Europe. He has been elected on boards of various public and private limited companies. He is a Member of Development Council - Oxford Centre for Hindu Studies, Oxford, U.K. and is a Member of the National Committee of Mahindra United World College.

Mr. Dhananjay Mungale

Independent Director

Mr. Chandrashekhar Bhave started his career in the Indian Administrative Service (IAS) in 1975 after completing his bachelor's degree in Electrical Engineering. He worked in different positions in the Central and State Governments and also won awards from the Government of Maharashtra for his outstanding work in the area of family welfare and excellence in administration. He then worked in Securities and Exchange Board of India (SEBI) as a Senior Executive Director from 1992–1996, helping create the regulatory infrastructure for Indian capital markets.

Mr. Bhave then took voluntary retirement from the IAS to set up the National Securities Depository Limited (NSDL) in 1996 and was its Chairman and Managing Director from 1996 to 2008. Mr. Bhave was the Chairman of SEBI, India's capital markets regulator, from 2008 to 2011. He was also the Chairman of the Asia-Pacific Regional Committee and a member of the Technical and the Executive Committees of the International Organisation of Securities Commissions (IOSCO), over this period.

Mr. Bhave has several professional affiliations that include:

Member of the Board of the Public Interest Oversight Board (PIOB), Madrid which supervises the work of the standard-setting bodies of the International Federation of Accountants from the perspective of public interest.
Member of the City of London Advisory Council for India.
Trustee of the IFRS Foundation, London that oversees the International Accounting Standards Board.

Mr. Bhave is the Non-Executive Chairman of Indian Institute for Human Settlements (IIHS) a non-profit organisation established for the purpose of creating and disseminating knowledge related to human settlements in the context of urban areas.

Mr. C. B. Bhave

Independent Director

Mrs. Rama Bijapurkar is a respected thought leader on business-market strategy and on India’s consumer economy. She has an independent market strategy consulting practice and almost four decades of experience in market research and market strategy consulting.

She is a very experienced independent director having served on the boards of several blue chip corporates and social organisations and is a professor of management practice at Indian Institute of Management Ahmedabad, and author of acclaimed books on India’s consumer market and consumer based business strategy.

Mrs. Bijapurkar holds a B.Sc. (Hons) degree in physics from the University of Delhi and a Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad. Past employment includes McKinsey & Company, MARG Marketing and Research Group (now AC Nielsen India) and full time consulting with Hindustan Lever Limited (now Hindustan Unilever Limited).

Mrs. Rama Bijapurkar

Independent Director

Mr. Milind Sarwate is an Independent Director, Cost Accountant, Company Secretary, Commerce Graduate and CII-Fulbright Fellow (Carnegie Mellon University, Pittsburgh, USA). He brings over 35 years of experience in Finance, HR, Strategy and Corporate Communication in groups such as Marico and Godrej.

Mr. Milind Sarwate is the Founder & CEO of Increate Value Advisors LLP. His mission is to facilitate organizations and individuals create business and social value. He works towards his mission through various roles, such as Advisor, Board Member and Investor.

His advisory roles cover the Consumer sector and the Social Responsibility sector.His Directorships include Glenmark, Mindtree, Metropolis Healthcare, Matrimony.com and House of Anita Dongre.His investment focus areas include Consumer sector and funds/entities built around expertise Verticals of Finance and Human Resources.

Mr. Milind Sarwate received the ICAI Award-CFO-FMCG in 2011 and the CNBC TV-18 CFO Award-FMCG & Retail in 2012. He was included in CFO India’s Hall of Fame in 2013.

Mr. Milind Sarwate

Independent Director

Dr. Rebecca Nugent is the Stephen E. and Joyce Fienberg Professor of Statistics & Data Science and Department Head for the Carnegie Mellon Statistics & Data Science Department, and an affiliated faculty member of the Block Center for Technology and Society. She has over 15 years of experience in university-level academia in statistics & data science consulting, research, applications, education, and administration. Dr. Nugent is the co-chair of the National Academy of Sciences, Engineering, and Medicine study on Improving Defense Acquisition Workforce Capability in Data Use and recently served on the NASEM study Envisioning the Data Science Discipline: The Undergraduate Perspective.

She is the Founding Director of the Statistics & Data Science Corporate Capstone program, an experiential learning initiative that partners with industry and government organizations on developing and deploying data science solutions to current business challenges and regularly consults with global enterprises in finance, marketing, health care, and educational technology. Dr. Nugent has worked extensively in clustering and classification methodology with an emphasis on high-dimensional, big data problems and record linkage applications and has served in related leadership positions including President of the International Federation of Classification Societies (slated for 2022). Her current research focus is the development and deployment of interactive data analytics platforms that promote data-informed decision making and allow for adaptive instruction and the study of data science as a science.

She has won several national and university teaching awards including the American Statistical Association Waller Award for Innovation in Statistics Education and serves as one of the coeditors of the Springer Texts in Statistics.

She received her PhD in Statistics from the University of Washington, her M.S. in Statistics from Stanford University, and her B.A. in Mathematics, Statistics, and Spanish from Rice University.

Dr. Rebecca Nugent

Independent Director

Mr. Amit Kumar Sinha has been appointed by Mahindra & Mahindra Limited (“M&M”) the parent company, as President, Group Strategy, effective 1st November, 2020. Mr. Amit Kumar Sinha is leading the Group Strategy Office and works with Group’s overall portfolio of businesses for growth over the short, medium and long-term. He also champions the international council and helps coordinate international synergies across Americas, Asia Pacific and Africa. His portfolio also includes the Risk and Economist functions. He is part of the Group Corporate Office Leadership Team.

Prior to joining M&M, Mr. Amit Kumar Sinha was a Senior Partner and Director with Bain & Company. Over 18 years at Bain, he managed large-scale, multi-country strategy, organization, digital and performance improvement projects. He also led numerous commercial due diligences and full potential portfolio strategy projects (post buyout) for leading Private equity funds across U.S., and India. Mr. Amit Kumar Sinha started his career with Tata Motors and worked with IGate Patni (now Capgemini) in technology leadership roles in India, Singapore and US.

Mr. Amit Kumar Sinha holds dual MBA from The Wharton School, University of Pennsylvania, specializing in Finance and Strategy, where he was a Palmer scholar and received Siebel Scholarship. He holds a Bachelor of Engineering (Electrical and Electronics) from the Birla Institute of Technology, Ranchi. Mr. Amit Kumar Sinha is also an Ananta Aspen Fellow as part of their India leadership fellowship, program.