Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group, is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing. Mahindra & Mahindra Financial Services Limited (MMFSL) was incorporated on 1st January 1991 as 'Maxi Motors Financial Services Limited'. M&M FSL had received Certificate of Commencement of Business on 19th February 1991.
The company operates as one of India's leading non-banking financial companies, with a strong focus on rural and semi-urban markets. Mahindra & Mahindra Financial Services Ltd. is a non-banking financial company, which engages in the provision of asset finance in the rural and semi-urban areas in India. It is the only Indian NBFC listed on the Dow Jones Sustainability Index.
M&M Financial Services has established an extensive operational network across India and internationally. M&M Finance has business operations in over 380,000 villages in India and more than 7,000 towns fall within its reach. It has a customer base exceeding 9 million in India. The company operates through a network of 600 branches across India. It operates through 1,386 regular branches in India and 527 smart branches.
The company has expanded its reach internationally as well. The company offers its services to customers in the United States for buying Mahindra Group products through Mahindra Finance USA LLC. It also provides international services through its subsidiary Mahindra Ideal Finance Limited in Sri Lanka.
The company operates through two primary segments. The Financing activities segment is engaged in Financing and leasing of automobiles, tractors, commercial vehicles, small and medium enterprise, and housing finance. The Other reconciling items segment is engaged in insurance broking, asset management services and trusteeship services.
M&M Financial Services offers a comprehensive range of financial products and services. 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. The company provides financing solutions for various customer segments including transport operators, farmers, and self-employed.
The company maintains strong market leadership positions in its core segments. Part of BSE 500 BSE 200 Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200 BSE Allcap BSE Financial Services BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted.
The company has demonstrated consistent financial growth over the years. On a consolidated basis, Mahindra & Mahindra Financial Services Ltd reported a profit of Rs 457.22 crore on a total income of Rs 4,912.70 crore for the quarter ended 2025. For the year ended 2024, Mahindra & Mahindra Financial Services Ltd had posted a profit of Rs 1,943.05 crore on a total income of Rs 15,962.69 crore.
The company has shown strong asset quality improvement. Q1 FY26: Rs.12,800 Cr disbursement, 15% asset growth, 95% collection efficiency, Rs.9,600 Cr liquidity. MMFSL has maintained GS3 under 4% as committed, remains focused on controls and has delivered 33% growth in profits.
**Market Capitalization:** Mahindra & Mahindra Financial Services Ltd has a market capitalisation of Rs 37,973 crore.
**52-Week Performance:** The Mahindra & Mahindra Financial Services Ltd's 52-week high share price is Rs 333.63 and 52-week low share price is Rs 235.46.
**Dividend Policy:** Yes, M&MFIN dividends are paid annually. The last dividend per share was 6.30 INR. As of today, Dividend Yield (TTM)% is 2.26%.
**Valuation Metrics:** The PE and PB ratio of M&M Financial Services is 14.63 and 1.52 respectively, as on 22 May, 2025.
Promoter holding in Mahindra & Mahindra Financial Services Ltd has gone up to 52.49 per cent as of Jun 2025 from 52.16 per cent as of Sep 2024. The sole promoter of Mahindra & Mahindra Financial Services is Mahindra And Mahindra Ltd with an 52.16% shareholding as of September 2022.
M&M Financial Services continues to focus on maintaining its leadership position in core segments while expanding into new growth areas. The company has been investing in digital transformation and expanding its product portfolio to capture emerging opportunities in the financial services sector. With its strong rural presence, extensive branch network, and focus on asset quality, the company is well-positioned to benefit from India's growing economy and increasing financial inclusion initiatives.
