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Mahindra & Mahindra Financial Services Limited Company Profile: Products, Promoter and Clients

Mahindra & Mahindra Financial Services Limited Company Description:

Mahindra & Mahindra Financial Services Limited (MMFSL), a subsidiary of the Mahindra Group, is a Non-Banking Financial Company (NBFC) that specializes in financing the purchase of new and pre-owned vehicles, including automobiles, utility vehicles, tractors, cars, commercial vehicles, and construction equipment. Additionally, MMFSL offers financing solutions for small and medium-sized enterprises (SMEs).

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Q1. What are the Product and service offerings of Mahindra & Mahindra Financial Services Limited company?

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Q2. Who are the Promoters/Management of the company?

Mahindra & Mahindra holds a 52.16% stake in the company.

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Mr. Raul Rebello, Chief Operating Officer of Mahindra & Mahindra Financial Services Limited (MMFSL) since September 1, 2021, is a career banker with extensive experience in Rural Banking and Financial Inclusion. In his 19-month tenure at MMFSL, he has effectively led growth and transformation initiatives. Prior to this, he served as EVP & Head of Rural Lending & Financial Inclusion at Axis Bank, where he worked for 19 years, overseeing key areas such as Rural Lending, Farmer Funding, Gold Loans, MSME Lending, and more. 

Raul is known for his digital innovations and enhancing rural banking access. He holds a Post Graduate degree in Management from the Goa Institute of Management and is actively involved in various industry councils and advisory boards.

Dr. Anish Shah, Managing Director and CEO of Mahindra & Mahindra Limited, joined the group in 2014 as Group President (Strategy), overseeing digitization and synergy efforts. Previously, he led GE Capital India, transforming its operations and overseeing the SBI Card joint venture turnaround. Anish's career spans leadership roles at GE Capital globally, Bank of America's US Debit Products division, and strategy consulting at Bain & Company. 

He holds a Ph.D. and a Master’s degree from Carnegie Mellon’s Tepper School of Business, and a post-graduate diploma in Management from IIM Ahmedabad, with notable scholarships including the William Latimer Mellon Scholarship and Sir Dorabji Tata Trust Scholarship.

Q3. Who are the Clients of the company?

Mahindra & Mahindra Financial Services Limited (MMFSL) boasts a vast and diverse client base, having served over 9 million customers. With a strong presence across India, MMFSL covers more than 380,000 villages and over 7,000 towns, demonstrating its extensive reach into rural and urban areas. The company operates through a robust network of 1,386 branches across the country. With over 30 years of rich legacy, MMFSL has established itself as a reliable and trusted financial partner for millions of customers, catering to their varied financial needs.

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Written By: Khush Kothari


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