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|Traded as||NSE: M&MFIN
|Ramesh Iyer, Vice Chairman & President Mahindra Financial Service Sector|
|Revenue||₹49,5300 million (FY'16)|
|Total assets||₹31,6650.72 million (FY'17)|
|Total equity||₹1,1270.1 million (FY'17)|
Number of employees
|Parent||Mahindra & Mahindra|
|Subsidiaries||Mahindra Insurance Brokers Limited
Mahindra Rural Housing Finance
Mahindra Asset Management Company
Mahindra & Mahindra Financial Services Limited (MMFSL) is one of India’s leading Rural NBFC headquartered in Mumbai, India. It is amongst the top tractor financer in India and offers a wide range of financial products to address varied customer requirements. The NBFC has 1000+ offices spread across 1 in every 3 villages across India with a total of more than 4.7 Million customers till date.
The Mahindra Finance journey started on January 1, 1991, as Maxi Motors Financial Services Limited. They received the certificate of commencement of business on February 19, 1991. On November 3, 1992, Mahindra Finance changed their name to Mahindra & Mahindra Financial Services Limited. Mahindra Finance is registered with the Reserve Bank of India as an asset finance, deposit taking NBFC.
In 1993 it commenced financing M & M Utility vehicles and in 1995 started its first branch outside Mumbai, in Jaipur. Began financing Non M & M vehicles in 2002 and got into the business of financing of Commercial Vehicles and Construction Equipments in 2009. 2011 was the year in which they had a Joint Venture with Rabobank subsidiary for tractor financing in USA and consolidated the product portfolio by introducing Small and Medium Enterprises (SME) financing.
As of July 2016,. Ramesh Iyer is the Vice Chairman & President of Mahindra Financial Service Sector :
Vehicle Financing: Auto and utility vehicles, tractors, cars, commercial vehicles and construction equipment Pre-owned vehiclancing: Loans for pre-owned cars, multi-utility vehicles, tractors and commercial vehicle
Finances, rural and semi-urban population to build self-sustaining houses, pukka houses and ensure their uplift meant in society
Launched in June 2016, it offers mutual fund products, whose NAV is around 1000 INR. The MAMC started with an AUM of 1200 Million INR.
Advises clients on investing money through AMFI certified professionals under the brand Mahindra Finance Finsmart
Mahindra Asset Management Company Private Limited is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL). Mahindra AMC Pvt Ltd, is the Investment Manager for Mahindra Mutual Fund. It started its operation in the first week of July 2016, with an AUM of 1200 Million INR and its NAV is floating around 1000 INR
Mahindra Mutual Fund endeavors to offer a variety of mutual fund schemes pan India, with special focus in rural and semi-urban areas. 
In FY 2012-13, the insurance broking subsidiary, Mahindra Insurance Brokers Limited (MIBL) crossed the 8,00,000 mark in terms of the policies served. The Company’s total policies, at the end of 2012-13, stood at 8,39,408 for both life and non-life retail business lines. It reached a total of Rs. 600 Crores gross premium. The income increased by 85 per cent from Rs. 46.6 Crores in 2011-12 to Rs. 86.3 Crores in 2012-13. During the year, MIBL entered into a strategic partnership with LeapFrog Investments, world’s largest investor in insurance for the underserved. Through its subsidiary company, Inclusion Resources Private Limited, LeapFrog invested Rs. 80.4 Crores for a 15 per cent shareholding in MIBL.
In FY 2012-13, Mahindra Rural Housing Finance Limited (MRHFL) disbursed loans aggregating to Rs. 432.9 Crores, up from Rs. 266.8 Crores in the previous year. The profit after tax for 2012-13 stood at Rs. 222.3 Crores, against Rs. 11.9 Crores in the previous year. The outstanding loan portfolio, as on 31 March 2013, stood at Rs. 879.5 Crores.
Mahindra Finance’s wholly owned subsidiary, Mahindra Business & Consulting Services Private Limited (MBCSPL), provides staffing services primarily to Mahindra Finance. It also serves the subsidiaries (MIBL and MRHFL) and parent company (Mahindra & Mahindra Limited). During the year, MBCSPL deputed 8,098 employees to these companies. The Profit after Tax increased from Rs. 7.1 Lacs in 2011-12 to Rs. 173.8 Lacs in 2012-13.
Mahindra Finance has engaged in various social initiatives to provide people with education, healthcare facilities and reduce environmental footprint. Some of the initiatives include:
The Lifeline Express is a mobile hospital run on a train with five railway coaches. The coaches are equipped with updated medical and surgical facilities to provide free, on-the-spot diagnosis and treatment. It addresses the medical requirements of inhabitants from India’s remote, rural corners that have scarce medical facilities. About 2,500 patients suffering from disabilities like cleft lip, deafness, polio (for children under 14 years) and cataract are treated on board. Mahindra Finance conducted its first ever solo journey of the Lifeline Express at Puri (Odisha) from 24 September to 14 October 2012.
Mahindra Hariyali is the tree plantation model at Mahindra Group. Mahindra Finance partnered with schools, colleges, trusts, Government’s Forest Departments and old age homes to spread our green agenda. They planted around 54,000 saplings across India. To protect the environment, Mahindra Finance undertook various initiatives. By focusing on optimum natural resource usage and reducing Greenhouse Gas emission. Mahindra Finance has controlled consumptions of electricity, water and paper significantly. They have also installed solar panels at various remote branches.
Mahindra Finance organised Blood Donation camps in 2012-13 and collected 1,085 bottles of blood. This activity was a part of their banner of Employee Social Options (ESOPS) along with various other social projects. They also donated funds to various NGOs thus helping them in their purpose of buying ambulances.