Mahindra & Mahindra Financial Services wins Aon Best Employer Award for 2017

Mumbai, May 29, 2017: Mahindra Finance, a leading provider of financial services in rural and semi-urban India, has been recognized as the Aon Best Employer 2017 in India by Aon Hewitt, the global talent, retirement and health solutions business of Aon. The Aon Best Employers program assesses and recognizes employer excellence worldwide.

Ramesh Iyer, Vice Chairman and Managing Director, Mahindra Finance said, "We are honored to receive the 'Aon Best Employer' award. At Mahindra Finance we have a passion to serve the communities we work in, and we believe this starts from within the organization. Being recognized validates our commitment to attracting, retaining, and developing the best possible talent within our organization".

Vinay Deshpande, Chief People Officer, Mahindra Finance said, "This award strengthens our conviction towards the efforts taken to enhance employee engagement. Our initiatives of developing a training module for field executives in a soap opera style podcast program and honing entrepreneurial leadership skills have been highly impactful. The recognition is a matter of immense pride for us and we are dedicated to build a strong and engaged team".

The Aon Hewitt award is one of the most prestigious awards which distinguishes companies with stellar people practices. The Aon Best Employers program compares organizations to identify those that strive to create a competitive advantage through their people and become employers of choice. Mahindra Finance was assessed on various measures such as high-employee engagement; mature people practices; focus on building a lot in-house and low attrition.

Inclusion in the reputed list denotes the Company's excellence in four key domains, i.e. High Employee Engagement, Effective Leadership, Compelling Employer Brand and High Performance Culture. Mahindra Finance aims at inspiring excellence among its stakeholders by driving excellence in its HR processes and propagating continuous improvement and capability building.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 4.4 million customers and has an AUM of over USD 6 billion. The Company is a leading vehicle and tractor financier and also offers fixed deposits and loans to SMEs. The Company has over 1,180 offices across the country and is the first Non-Banking Finance Company from India to form a part of Dow Jones Sustainability Index. Mahindra Finance has been ranked 68th in the Top 100 “India’s Best Companies to Work For 2016” by Great Place to Work® (GPTW) Institute in collaboration with The Economic Times.

The Company's Insurance Broking subsidiary, Mahindra Insurance Brokers Limited (MIBL), is a licensed Composite Broker providing Direct and Reinsurance broking services. Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi urban areas of the country.

Mahindra Asset Management Company Private Limited (MAMCPL) a wholly-owned subsidiary of Mahindra Finance has received the approval from the market regulator for establishing Mutual Fund business in India.

The Company has a JV in US, Mahindra Finance USA, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra tractors in US.

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About Mahindra

The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Learn more about Mahindra on / Twitter and Facebook: @MahindraRise

Media contact information:
Metebelle Lobo
GM, Group Communications, Mahindra and Mahindra Ltd.
Mobile: +91 9769212078

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