Mahindra & Mahindra Financial Services Limited
MMFIN.BO
Bombay Stock Exchange282.55
INR
+6.60
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Mahindra & Mahindra Financial Services Limited
MMFIN.BO
(Bombay Stock Exchange)
Recent
price
282.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Mahindra & Mahindra Financial Services Limited (MMFSL) is a leading Indian non-banking financial company (NBFC) focused on providing retail financing to underserved rural and semi-urban customers, primarily through vehicle finance, SME loans, housing finance, and other financial products. Incorporated in 1991 as Maxi Motors Financial Services Limited and renamed in 1992, the company is headquartered in Mumbai and operates across all states and union territories in India via over 1,300 branches, reaching more than 380,000 villages and 7,000 towns. Its core offerings include new and pre-owned vehicle financing for tractors, utility vehicles, passenger cars, commercial vehicles, three-wheelers, and construction equipment; SME financing such as secured business loans, equipment finance, and working capital; housing finance for rural home construction and renovation through subsidiary Mahindra Rural Housing Finance Limited; personal and consumer durable loans; fixed deposits rated CRISIL AAA/Stable and IND AAA/Stable; mutual fund products and distribution via Mahindra Mutual Fund and Mahindra Asset Management Company; and insurance broking through Mahindra Insurance Brokers Limited. MMFSL maintains a joint venture, Mahindra Finance USA LLC, with De Lage Landen for tractor financing in the United States. The company targets farmers, small businesses, and individual borrowers in agriculture-dependent and semi-urban segments, with a loan book exceeding Rs 116,000 crore and assets under management at Rs 119,673 crore as of FY25. It emphasizes financial inclusion with digital tools like the Suvidha Loans program for unsecured lending and Quiklyz for vehicle leasing and subscriptions. In recent developments, MMFSL completed a Rs 2,996 crore rights issue in 2025 at Rs 194 per share to bolster capital adequacy, expand its loan book, and enhance liquidity for growth. The company reported 33% year-on-year growth in standalone profit after tax to Rs 2,345 crore for FY25, alongside 17% expansion in assets under management and disbursements, while focusing on asset quality improvement and diversification into MSME and loan against property segments. MMFSL aims for a fivefold increase in assets under management over the next decade through strategic expansion in mortgages, SME lending, digital transformation, and cost optimization, as outlined in the Mahindra Group's long-term playbook.