BIODATA OF MMFSL

TYPES

PUBLIC COMPANY

TRADED AS

NSE :M&MFIN
BSE :532720

INDUSTRY

NBFC

FOUNDED

1991

HEADQUARTERS

MUMBAI, MAHARASHTRA,

INDIA
AREA SERVED

INDIA

KEY PEOPLE

RAMESH IYER,MD

PRODUCTS

FINACIAL SERVICES

REVENUE

RS 49,530 MILLION (FY,2014)

TOTAL ASSET

RS 31,665 MILLION (FY,2014)

TOTAL EQUITY

1,127.1 MILLION (FY,2014)

EMPLOYEE

15000+ (FY,2014)

PARENT

MAHINDRA & MAHINDRA

SUBSIDIRIES

MAHINDRA INSURANCE

BROCKENS LIMITED
MAHINDRA
RURALHOUSING FINANCE

MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD (MMFSL) is one of India's leading rural
NBFC headquartered in Mumbai,India.It is amongest the top tractor financer in India and offers a wide
range of financial products to address varied customer requirements. The NBFC has 890+ offices
spread across over 1.8 lac villages across india with a total of more than 3 million customer till date

History
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 Indiaas 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.

Corporate Affairs
The company is primarily run by the following:
*.Mr. Ramesh Iyer Managing Director
*.Mr. V. Ravi Chief Financial Officer
*.Mr. Vinay Deshpande Chief People Officer

*.Mr. R. Balaji Vice President - Marketing & Strategy

*.Mr. Anuj Mehra CEO, MRHFL
*.CA. Dharmesh Vakharia CFO, MRHFL
*.Dr. Jaideep Devare Managing Director, MIBL
*.Mr. Rajnish Agarwal Vice President - Operations
*.Mr. Rajesh Vasudevan Vice President - Finance & Accounts

Products and Services Vehicle Financing

Vehicle Financing:
Auto and utility vehicles, tractors, cars, commercial vehicles and construction equipment Pre-owned
vehicle

financing: Loans for pre-owned cars, multi-utility vehicles, tractors and commercial vehicle SME

Financing L
oans for varied purposes like project finance, equipment finance and working capital finance.

Housing Finance
Loans for buying, renovating, extending and improving homes in rural and semi-urban India through
our subsidiary Mahindra Rural Housing Finance Limited Personal Loans Offers personal loans
typically for weddings, childrens education, medical treatment and working capital

Insurance Broking

Insurance solutions to retail customers as well as corporations through our subsidiary Mahindra
Insurance Brokers Limited

Mutual Fund distribution

Advises clients on investing money through AMFI certified professionals under the brand Mahindra
Finance Finsmart

Fixed Deposits
The MMFSL Fixed Deposit has a CRISILrating of 'FAAA', indicating a high level of safety.

Subsidiaries

Mahindra Insurance Brokers Limited

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 Companys 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, worlds 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.

Mahindra Rural Housing Finance Limited

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. 20.3 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 Business and Consulting Services Private Limited

Mahindra Finances 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.

Social Initiatives
Mahindra Finance has engaged in various social initiatives to provide people with education,
healthcare facilities and reduce environmental footprint. Some of the initiatives include:

Lifeline Express
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 Indias 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
Mahindra Hariyali is the tree plantation model at Mahindra Group.
Mahindra Finance partnered with schools, colleges, trusts, Governments 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.

Other Social Initiatives

Mahindra Finance organized 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.

Awards & Recognitions

*.BITS Winner of NasscomIT User Awards, 2012 Organised by NASSCOM
*.Ranked 14th in the Dream Companies to Work for Awards Organised by UTV Bloomberg World
HRD Congress 2012
*.Winner of Golden Peacock HR Excellence Awards Organised by Institute of Directors *.Silver
Award for Best Corporate Website Organised by ABCI Awards in
2012 ( Association of Business Communicators of India)
*.Ranked 5th in the Financial Services Sector and among the Top 50 companies having over 1,000

employees by Great Place to Work Institute

*.Silver Award for Best Corporate Website
*.Ranked 10th in the prestigious Dun & Bradstreet's India's Top 500 Companies 2012

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