CALCULATE YOUR SIP RETURNS

Mahindra & Mahindra Financial Services Share Price Live

M&MFIN

Mid Cap | Finance

284.05

-0.35 (-0.12%)

Live Mahindra & Mahindra Financial Services Share Price Chart

O H L VOL


Days Range

Mahindra & Mahindra Financial Services Ltd Corporate Actions

Data is not available currently. Please check back later.

About Mahindra & Mahindra Financial Services

History 

The company was incorporated in 1991 as Maxi Motors Financial Services Limited in Mumbai, and the following year, its name was changed to Mahindra and Mahindra Financial Services. They began their operations by financing the buying of Mahindra and Mahindra (M&M) utility vehicles. In 1996, they started financing M&M dealers for the purchase of tractors. In 1999, they expanded this to retail financing of tractors in rural and semi-urban areas. In 2002, the company further expanded to include the financing of non-M&M vehicles. In 2004, their non-convertible debentures were listed on the BSE’s wholesale debt market segment. In 2006, the company issued its IPO. In the same year, it collaborated with Maruti Udyog Ltd. In 2007, they were issued a certificate by the RBI under section 45-IA of the RBI Act, 1934, classifying it as an ‘Asset Finance Company-Deposit Taking’. In 2008, they entered the home loan business via their subsidiary, Mahindra Rural Housing Finance Limited (MRHFL).  In 2010, they introduced financing for commercial vehicles and construction equipment as a part of their offering. In 2011, their total assets crossed the ₹100 billion benchmark. The company also entered a joint venture with a Rabobank subsidiary for tractor financing in the USA. It also developed its portfolio further with small and medium enterprises financing.  In 2020, the company also began a joint venture with Manulife Investment Management (Singapore) to build a Mutual Funds business. It also started a joint venture with Ideal Finance Ltd. to provide financial services in Sri Lanka. In 2021, it launched Quiklyz, a vehicle leasing and subscription business. 

Business Segments

The company’s business is divided into the following segments:
  1. Financing activities - This covers activities such as financing and leasing of automobiles, tractors, commercial vehicles, SMEs and housing finance. M&M also provides loans against vehicles as well as loans against property. This segment covers more than 97% of the total revenue in FY 2023.
  2. Other reconciling items - This includes activities such as Insurance broking, asset management services and trusteeship services. This includes investment instruments such as fixed deposits and mutual funds offered by the company.
Overall, the business of the company is primarily concentrated in India. Subsidiaries The following are some of the major subsidiaries of the company:
  1. Mahindra Insurance Brokers Ltd. - This subsidiary provides 3600 insurance solutions, designed to meet diverse needs.
  2. Mahindra Rural Housing Finance Ltd. - It is India’s largest rural housing finance company, facilitating the upgradation of ‘Kuccha’ houses made of mud to ‘Pucca’ houses made of bricks and mortar.
  3. Mahindra Finance CSR Foundation - It is dedicated to supporting, promoting and enhancing education, employment, sustainable livelihood, healthcare, sanitation, drinking water, etc.
  4. Mahindra Manulife Investment Management Private Ltd. - This subsidiary acts as an investment manager for the schemes of Mahindra Manulife Mutual Fund.

Key Personnel

Mr. Ramesh Iyer, Vice-Chairman & Managing Director He has been instrumental in building Mahindra Finance since 1994 into one of India’s leading rural finance companies. Mr. Iyer manages the Financial Services Sector of the Mahindra Group and also oversees the operations of Mahindra Finance USA, LLC. He is the Chairman of the Finance Industry Development Council (FIDC) and also the Confederation of Indian Industry (CII) WR Task Force Committee on Human Resources. He also co-chairs the NBFC Committee of the IMC Chamber of Commerce & Industry.

Corporate Actions

The company has performed the following corporate actions: Stock Split The company split its stock from a face value of ₹10 to ₹2 with a record date of February 18, 2013. Rights Issue The company had offered a rights issue with a record date of July 23, 2020.

Parent Organisation
Mahindra
Managing Director
Anish Shah
Founded
1991
NSE Symbol
M&MFIN

Peer Comparision

Peer Comparision

StocksLTP (₹)Market Cap (cr)52 Week Low-High (₹)

Community Discussion

A
AngelOne
10th July, 2024
0 Likes
0 Replies

A
AngelOne
10th July, 2024
Mahindra & Mahindra Financial Services Ltd-latest-market-updates-41345
0 Likes
0 Replies

Mahindra Mahindra Financial Services Ltd FAQs

Mahindra Mahindra Financial Services Ltd (M&MFIN) share price as of October 11, 2024, on NSE is Rs 284.05 (NSE) and Rs 284.05 (BSE) on BSE.
Yes, You can buy Mahindra Mahindra Financial Services Ltd (M&MFIN) shares by opening a Demat account with Angel One.
Mahindra Mahindra Financial Services Ltd (M&MFIN) share can be bought through the following modes:
1. Direct investment: You can buy Mahindra Mahindra Financial Services Ltd (M&MFIN) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Mahindra Mahindra Financial Services Ltd (M&MFIN) shares.
The main business of Mahindra & Mahindra Financial Services is to provide financial services, such as vehicle financing, SME financing, insurance broking, personal loans, housing finance, investments, and mutual funds. It is the only Indian NBFC listed on the Dow Jones Sustainability Index.
The sole promoter of Mahindra & Mahindra Financial Services is Mahindra And Mahindra Ltd with an 52.16% shareholding as of September 2022.
Some of the subsidiaries that come under Mahindra & Mahindra Financial Services include Mahindra Insurance Brokers Limited (MIBL), Mahindra Rural Housing Finance Limited (MRHFL), Mahindra Manulife Investment Management Private Limited (MMIMPL), Mahindra Manulife Trustee Private Limited (MMTPL), and Mahindra Ideal Finance Limited.
Open Free Demat Account!

Enjoy ₹0 Account Opening Charges

Join our 2 Cr+ happy customers

+91
Top Stocks





VIEW ALLView All Stocks

Top Gainers





VIEW ALLView All Stocks

Top Losers





VIEW ALLView All Stocks

Enjoy ₹0 Account Opening Charges
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Enjoy ₹0 Account Opening Charges