Mahindra & Mahindra Financial Services Ltd Share Price – NSE /  BSE

Finance, Small Cap

Ramganesh Iyer (Ram) brings over two decades of experience in financial services, spanning management consulting and entrepreneurship. In his 12 years in management consulting, Iyer most recently served as a partner at Bain & Company, where he led multiple large-scale projects in financial services for both Indian and multinational clients, as well as fintech firms. These projects included strategy development, customer-centric transformations, data & analytics assignments, and due diligence.

Prior to this, Ramganesh has been an entrepreneur, co-founding and scaling two startups in the wealth-tech space?Fisdom and PARK Financial Advisors. Ram has published multiple reports and articles on topics like personal finance, fintech, and lending.

Ram holds a Post Graduate Diploma in Management from IIM Ahmedabad (Gold Medalist) and holds a B. Tech in Electrical Engineering from IIT Bombay.

Mahindra & Mahindra Financial Services (MMFSL), a part of the Mahindra Group, is an NBFC primarily engaged in the business of financing the purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment, and SME financing.

The company?s consolidated net profit jumped 47.4% to Rs 917.57 crore on a 16% increase in total income to Rs 4,815.36 crore in Q3 FY25 over Q3 FY24.

Shares of Mahindra & Mahindra Financial Services shed 1.26% to Rs 289.25 on the BSE.

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Mahindra & Mahindra Financial Services has received the credit rating 'IND AAA/Stable /IND A1+' for bank loans worth Rs 64,999.7 crore.

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The company stated that Animesh Chatterjee, who served as CFO and was designated as key managerial personnel (KMP) from 29 January 2025 to 4 March 2025 for the interim period, has ceased to be CFO and KMP, effective at the close of business on 4 March 2025.

However, Animesh Chatterjee will continue in his role as Head of Treasury at the company.

Mahindra & Mahindra Financial Services (MMFSL), a part of the Mahindra Group, is an NBFC primarily engaged in the business of financing the purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment, and SME financing.

The company’s consolidated net profit jumped 47.4% to Rs 917.57 crore on a 16% increase in total income to Rs 4,815.36 crore in Q3 FY25 over Q3 FY24.

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Mahindra & Mahindra Financial Services has allotted 5,000 Unsecured, Rated, Listed, Subordinated (Tier II), Redeemable Non-convertible Debentures (NCDs) of the face value of Rs. 1,00,000 per debenture, issued at par, at a coupon of 8.30% p.a., for a tenor of 10 years from the date of allotment, on private placement basis to the identified investors.

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