Introduction :
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).
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 :
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.
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