navigation search this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . july 2016 learn how and when to remove this template message mahindra & mahindra financial services limited type public company traded as nse m & mfin bse 532720 industry nbfc founded 1991 headquarters mumbai coimbatore india area served india key people ramesh iyer vice chairman & president mahindra financial service sector products financial services revenue 49 530 million fy 14 1 total assets 31 665.72 million fy 14 total equity 1 127.1 million fy 14 number of employees 15 000 fy 14 parent mahindra & mahindra subsidiaries mahindra insurance brokers limited mahindra rural housing finance mahindra asset management company website mahindrafinance.com mahindra & mahindra financial services limited mmfsl is one of india s leading rural nbfc headquartered in mumbai india . 2 it is amongst the top tractor financer in india and offers a wide range of financial products to address varied customer requirements . 3 the nbfc has 1000 offices spread across 1 in every 3 villages across india with a total of more than 3 million customers till date . contents 1 history 2 corporate affairs 3 products and services 3.1 vehicle financing 3.2 sme financing 3.3 housing finance 3.4 insurance broking 3.5 asset management company mutual fund 3.6 mutual fund distribution 3.7 fixed deposits 4 subsidiaries 4.1 mahindra mutual fund 4.2 mahindra insurance brokers limited 4.3 mahindra rural housing finance limited 4.4 mahindra business and consulting services private limited 5 social initiatives 5.1 lifeline express 5.2 mahindra hariyali 5.3 other social initiatives 6 awards & recognitions 7 references 8 external links history edit the mahindra finance journey started on january 1 1991 as maxi motors financial services limited . 4 they received the certificate of commencement of business on february 19 1991 . on november 3 1992 mahindra finance changed their name to mahindra & mahindra financial services limited . 5 mahindra finance is registered with the reserve bank of india as an asset finance deposit taking nbfc . in 1993 it commenced financing m & m utility vehicles and in 1995 started its first branch outside mumbai in jaipur . began financing non m & m vehicles in 2002 and got into the business of financing of commercial vehicles and construction equipments in 2009 . 2011 was the year in which they had a joint venture with rabobank subsidiary for tractor financing in usa and consolidated the product portfolio by introducing small and medium enterprises sme financing . 6 corporate affairs edit as of july 2016 . ramesh iyer is the vice chairman & president of mahindra financial service sector 7 products and services edit vehicle financing edit vehicle financing auto and utility vehicles tractors cars commercial vehicles and construction equipment pre owned vehiclancing loans for pre owned cars multi utility vehicles tractors and commercial vehicle sme financing edit loans for varied purposes like project finance equipment finance and working capital finance . 8 housing finance edit finances rural and semi urban population to build self sustaining houses pukka houses and ensure their uplift meant in society insurance broking edit insurance solutions to retail customers as well as corporations through our who subsidiary mahindra insurance brokers limited asset management company mutual fund edit launched in june 2016 it offers mutual fund products whose nav is around 1000 inr . the mamc started with an aum of 1200 million inr . mutual fund distribution edit advises clients on investing money through amfi certified professionals under the brand mahindra finance finsmart 9 fixed deposits edit the mmfsl fixed deposit has a crisil rating of faaa indicating a high level of safety . 10 subsidiaries edit mahindra mutual fund edit mahindra asset management company private limited is a wholly owned subsidiary of mahindra and mahindra financial services limited mmfsl . mahindra amc pvt ltd is the investment manager for mahindra mutual fund . it started its operation in the first week of july 2016 with an aum of 1200 million inr and its nav is floating around 1000 inr mahindra mutual fund endeavors to offer a variety of mutual fund schemes pan india with special focus in rural and semi urban areas . 11 mahindra insurance brokers limited edit in fy 2012 13 the insurance broking subsidiary mahindra insurance brokers limited mibl crossed the 8 00 000 mark in terms of the policies served . the company s total policies at the end of 2012 13 stood at 8 39 408 for both life and non life retail business lines . it reached a total of rs . 600 crores gross premium . the income increased by 85 per cent from rs . 46.6 crores in 2011 12 to rs . 86.3 crores in 2012 13 . during the year mibl entered into a strategic partnership with leapfrog investments world s largest investor in insurance for the underserved . 12 through its subsidiary company inclusion resources private limited leapfrog invested rs . 80.4 crores for a 15 per cent shareholding in mibl . mahindra rural housing finance limited edit in fy 2012 13 mahindra rural housing finance limited mrhfl disbursed loans aggregating to rs . 432.9 crores up from rs . 266.8 crores in the previous year . the profit after tax for 2012 13 stood at rs . 222.3 crores against rs . 11.9 crores in the previous year . the outstanding loan portfolio as on 31 march 2013 stood at rs . 879.5 crores . 13 mahindra business and consulting services private limited edit mahindra finance s wholly owned subsidiary mahindra business & consulting services private limited mbcspl provides staffing services primarily to mahindra finance . it also serves the subsidiaries mibl and mrhfl and parent company mahindra & mahindra limited . during the year mbcspl deputed 8 098 employees to these companies . the profit after tax increased from rs . 7.1 lacs in 2011 12 to rs . 173.8 lacs in 2012 13 . 14 social initiatives edit mahindra finance has engaged in various social initiatives to provide people with education healthcare facilities and reduce environmental footprint . some of the initiatives include lifeline express edit the lifeline express is a mobile hospital run on a train with five railway coaches . the coaches are equipped with updated medical and surgical facilities to provide free on the spot diagnosis and treatment . it addresses the medical requirements of inhabitants from india s remote rural corners that have scarce medical facilities . about 2 500 patients suffering from disabilities like cleft lip deafness polio for children under 14 years and cataract are treated on board . mahindra finance conducted its first ever solo journey of the lifeline express at puri odisha from 24 september to 14 october 2012 . 15 mahindra hariyali edit mahindra hariyali is the tree plantation model at mahindra group . mahindra finance partnered with schools colleges trusts government s forest departments and old age homes to spread our green agenda . they planted around 54 000 saplings across india . to protect the environment mahindra finance undertook various initiatives . by focusing on optimum natural resource usage and reducing greenhouse gas emission . mahindra finance has controlled consumptions of electricity water and paper significantly . they have also installed solar panels at various remote branches . 16 other social initiatives edit mahindra finance organized blood donation camps in 2012 13 and collected 1 085 bottles of blood . this activity was a part of their banner of employee social options esops along with various other social projects . they also donated funds to various ngos thus helping them in their purpose of buying ambulances . 17 awards & recognitions edit bits winner of nasscom it user awards 2012 organised by nasscom 18 ranked 14th in the dream companies to work for awards organised by utv bloomberg world hrd congress 2012 19 winner of golden peacock hr excellence awards organised by institute of directors 20 silver award for best corporate website organised by abci awards in 2012 association of business communicators of india 21 ranked 5th in the financial services sector and among the top 50 companies having over 1 000 employees by great place to work institute 22 silver award for best corporate website 23 ranked 10th in the prestigious dun & bradstreet s india s top 500 companies 2012 24 references edit mahindra & mahindra financial services ltd. yearly result . the economic times . retrieved 21 july 2014 . mahindra & mahindra financial services overview pdf . lse securities . retrieved 6 august 2013 . you can buy non banking finance companies stocks this time . nse bse technical analysis . retrieved 6 august 2013 . mahindra & mahindra financial services ltd. . the economic times . retrieved 6 august 2013 . about mahindra & mahindra financial services ltd l m & mfin company history . edelweiss . retrieved 6 august 2013 . mahindra & mahindra financial services ltd. . ndtv profit . retrieved 14 august 2013 . company profile . reuters . retrieved 14 august 2013 . mahindra finance to venture into small biz lending . newswire . retrieved 6 august 2013 . mahindra finance to venture into small business lending . the hindu business line . 27 april 2013 . retrieved 6 august 2013 . mahindra finance fd high returns of 12.21 % p.a. how far this is true . my investment ideas . retrieved 6 august 2013 . http www.financialexpress.com article markets indian markets sebi grants licence to mahindra mutual fund 207947 mahindra & mahindra group takes a giant stride with leapfrog deal . the economic times . 21 september 2012 . retrieved 6 august 2013 . company overview of mahindra rural housing finance ltd. . businessweek . retrieved 6 august 2013 . company overview of mahindra business & consulting services private limited . businessweek . retrieved 6 august 2013 . mahindra finance all set to bring impact india s lifeline express to puri . orissa diary . retrieved 6 august 2013 . mahindra renews its commitment to society . money control . retrieved 6 august 2013 . mahindra & mahindra financial services ltd. . csr identity . retrieved 14 august 2013 . nasscom winner . nasscom . retrieved 6 august 2013 . award winners.html bloomberg award winners check url value help . world hrd congress . retrieved 6 august 2013 . golden peacock hr excellence awards . golden peacock . retrieved 6 august 2013 . abci award winners 2012 . abci . retrieved 6 august 2013 . industry wise winners 2012 . great place to work . retrieved 14 august 2013 . 52nd annual award winners . association of business communicators of india . retrieved 14 august 2013 . winners . dnb . retrieved 14 august 2013 . external links edit official website v t e mahindra group divisions and subsidiaries india based mahindra epc mahindra ugine steel tech mahindra mahindra & mahindra mahindra gujarat mahindra tractors mahindra truck and bus reva mahindra holidays & resorts mahindra aerospace mahindra & mahindra financial services limited other ssangyong motor company jiangling tractors gippsaero other anand mahindra kailash chandra mahindra mahindra united world college of india category retrieved from https en.wikipedia.org w index.php title mahindra % 26 mahindra financial services limited & oldid 736398030 categories companies established in 1991companies based in mumbaifinancial services companies of indiamahindra group1991 establishments in indiahidden categories pages with url errorsuse british english from march 2013articles with a promotional tone from july 2016all articles with a promotional toneuse dmy dates from march 2013all articles with specifically marked weasel worded phrasesarticles with specifically marked weasel worded phrases from july 2016 navigation 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