Mahindra & Mahindra Finance - Mahindra Finance

The Financial Hub

Introduction :

A subsidiary of Mahindra & Mahindra Limited, we are one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, we provide finance for utility vehicles, tractors and cars and have the largest network of branches covering these areas.

Products & Services :

It provide financial loans to tractors, utility vehicles, light commercial vehicles, cars, two wheelers, three-wheelers and used vehicles.

Our services include Mutual Fund distributions and financial advisory services.

In May 2004, as a supplement to our lending business we started an insurance broking business through our wholly owned subsidiary, Mahindra Insurance Brokers Limited (MIBL).

Financial Highlights, 2005-06 :

Total assets grew by 59% from Rs.3,115 crore on 31 March, 2005 to Rs.4,951 crore on 31 March, 2006

Cumulative number of customer contracts increased by 39% from 336,819 in 2004-05 to 467,977 in 2005-06

Total income grew by 47% from Rs.405 crore in 2004-05 to Rs.596 crore in 2005-2006

Profit after tax (PAT) grew 32% from Rs.82 crore in 2004-05 to Rs.108 crore in 2005-06

Capital Adequacy Ratio increased from 17.8% to 18.2 % in 1991 to 41% in 2001 (Census of India 1991 and 2001)

Business Outlook :

Mahindra Finance has already started distributing insurance products in rural and semi-urban India through its subsidiary Mahindra Insurance Brokers Limited.

It have also recently commenced our mutual fund distribution business and are exploring opportunities of entering housing loans and personal loans in rural and semi-urban markets.

It believe that the growth of our interactive, people-driven business model depends on the building of strong, long-term personal relationships.