Mahindra Finance Q4 FY-19 financial results

Mahindra Finance

Financial Results – FY19

Income up by 32% YoY, stood at Rs.8,810 Crores

PAT up by 52%, stood at Rs.1,557 Crores

Disbursement up 22% YoY, crosses Rs.46,000 Crores

AUM up by 27% YoY, crosses Rs.67,000 Crores

Customer Base crossed 6 Million

Mahindra Finance Ranked Among the Best Large Workplaces in Asia 2019 by Great Place to Work®

Mumbai, April 11, 2019: Mahindra Finance, India's leading rural finance company has been recognized as one of the '25 Best Large Workplaces in Asia 2019’, from an exhaustive list of 1200 nominations across the continent. The study was conducted by global research and consulting firm, Great Place to Work®. The company has been ranked 11 among this year’s Best Large Workplaces in Asia. More than 1.6 million employees participated in the survey studies in 8 Asia-region countries where Great Place to Work is represented.

Mahindra Finance F-2019 Q3 Standalone Results

Mahindra Finance

Standalone Results December 2018

Income up by 30% YoY, at Rs.6,334 Crores

PAT up by 36% YoY, at Rs.969 Crores

Disbursement up 33% YoY, at Rs.34,485 Crores

AUM up by 30% YoY, crosses Rs.63,000 Crores

Mahindra & Mahindra Financial Services Limited announces Public Issue of Secured and Unsecured Subordinated Redeemable Non-Convertible Debentures (NCDs)

• NCDs of face value of Rs.1000 each for an amount of Rs. 500 crores ("Base Issue Size")
• Option to retain oversubscription up to Rs. 3,000 crores aggregating up to Rs.3,500 crores ("Tranche I Issue")
• Tranche I Issue offers both secured and unsecured NCDs
• The amount reserved for Secured and Unsecured NCDs is Rs. 2,500 crores and Rs.
  2019-01-03

• Mahindra Finance 2Q, FY-19 Financial Results

  Q2 Income up by 39%, at Rs.2,148 Crores
  Q2 PAT up by 132%, at Rs.381 Crores
  Disbursement up 39% YoY, at Rs.21,194 Crores
  AUM up by 26% YoY, at Rs.59,473 Crores

  Mumbai, October 24, 2018: 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 the second quarter and half year ended September 30, 2018.

  2018-10-24

• Mahindra Finances hikes FD rates

  • Interest rate for deposits upto 12 months up by 30 bps to 8.00 percent, upto 18 months up 35 bps to 8.10 percent and upto 24 months hiked by 10 bps to 8.35 percent.
  • With the revision the effective Interest rate for 24 months Cumulative scheme is 8.35% for Offline Deposits & 27 months Cumulative Scheme is 8.60% for Online Deposits
  • Crisil rating of 'FAAA', which indicates a high level of safety.
    2018-08-23

  • IFC invests $100 million in Mahindra Finance

    July 03, 2018, New Delhi, India: IFC, a member of the World Bank Group, has invested INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance). This investment will enable Mahindra Finance to further augment its growth, by extending loans to individuals, including farmers, to buy tractors, vehicles and other equipment, along with financing small and medium enterprises.

    2018-07-03

  • MMFSL to organize 2-Wheeler to 20-Wheeler Maha Loan Mela in Kharagpur

    Kharagpur, June 21, 2018: Mahindra & Mahindra Financial Services (Mahindra Finance), a leading Non-Banking Finance Company (NBFC) focused on rural and semi-urban markets, is organizing a 2-Wheeler to 20-Wheeler Maha Loan Mela at Kharagpur in West Bengal. The two day event will be held on June 23 and 24, 2018, at Kharagpur College Ground, OT Road, Kharagpur, West Medinipur from 9:30 am to 7:30 pm.

    2018-06-21

  • Mahindra Enters into Preferred Financier Agreement with South Indian Bank for Vehicle Finance

    June 1, 2018, Mumbai: Mahindra & Mahindra Ltd. (M&M Ltd.), part of the USD 20.7 billion Mahindra Group, has signed a Preferred Financier agreement with South Indian Bank. The Memorandum of Understanding (MoU) will enable Mahindra customers to avail vehicle finance from any of the branches of the Bank.

    2018-06-01

  • Mahindra Finance to organize 2-Wheeler to 20-Wheeler Maha Loan Mela in Udhampur

    Udhampur, May 23, 2018: Mahindra & Mahindra Financial Services (Mahindra Finance), a leading Non-Banking Finance Company (NBFC) focused on rural and semi-urban markets, is organizing a 2-Wheeler to 20-Wheeler Maha Loan Mela at Udhampur in, Jammu. The two day event will be held on May 25 and 26, 2018, at Mini Stadium, Town Hall, Opposite Electric House, Udhampur from 10:00 am to 7:30 pm.

    2018-05-23