Mahindra Mahindra Financial Services (Mahindra Finance) began as a captive financier of Mahindra Utility Vehicles in the early 90s. From Mahindra UVs to tractors to non-Mahindra products, the company has diversified into a financial services provider with a whole suite of financial solutions tailored to the under-served customer in under-penetrated rural markets. The equity shares of the Company are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India.

The company is a subsidiary of the Mahindra Group’s flagship company Mahindra Mahindra (MM).Its product portfolio consists of vehicle finance, which includes financing of passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment; and pre-owned vehicles and SME finance, which includes project finance, equipment finance, working capital finance and bill discounting services to SMEs. The company also undertakes mutual fund distribution, fixed deposits and personal loans tailor-made to suit its unique customer set.Through its subsidiary, Mahindra Insurance Brokers Limited (MIBL), it provides life and non-life insurance products through tie-ups with various leading insurance companies. Another one of it subsidiaries Mahindra Rural Housing Finance, provides loans for home construction, extension, purchase and improvement to customers in rural and semi-urban India.Business area of the companyMahindra Mahindra Financial Services (Mahindra Finance/MMFSL) is a leading upper layer deposit taking nonbanking finance company (NBFC) that provides a range of financial products and services to borrowers in Emerging India.

The company is a formidable player in the financing of new and pre-owned automotive vehicles, tractors and commercial vehicles.Products and services offered by the companyLoansTractor LoanUtility Vehicle LoanCar LoanCommercial Vehicle LoanUsed Car LoanThree-Wheeler LoanLoan Against VehicleHome LoanPersonal LoanDigital Lending PartnersSME LoansBusiness LoanLoan Against PropertyMachinery LoanAuction NoticesInterest Rates and ChargesDebt-Asset Management PartnersOther ProductsFixed DepositsMutual FundsInvestment SolutionsAwards2017-18Recognised among Top 19 in Aon Best EmployerRanked 49th in India's Best Companies to Work for by The Great Place to Work Institute and Economic TimesRecognised by Working Mother and AVTAR 100 Best Companies for Women in India2018-19Awarded at the 16th National Award for Excellence in Cost Management - 2018.Listed in Top 20 India’s Best Workplaces 2019 in the BFSI Industry by the Great Place to Work institute.Awarded first position for Excellence in Cost Management - F 2018 at an award ceremony at Delhi in November 2019.Recognised among best 50 People Capital Index (PCI) Companies 2019 which measures companies with best people development practices.Won the Indian Oil Logistics Award CV Financer of the Year 2019.Won Marketing Award for ‘Best Customer Engagement’ at ABP News, BFSI Awards 2019 (Sutradhar Samrudhi Program-Direct Marketing initiative).Made it to one of the most prestigious global benchmarks for corporate responsibility and sustainability, the Dow Jones Sustainability Index (DJSI), in the Emerging Markets Category for the 7th consecutive year.Won the ‘Best Employer’ by Aon in August 2019. The results were based on employee experience scores, CEO intent and design of HR practices.Awarded Global Corporate Sustainability Award (GCSA) under the category Reporting (Emerging Market) hosted by Alliance for Sustainable Development Goals (ASDGs), Taiwan.Received performance band C in the CDP assessment 2018-19 implying that the company are at ‘Awareness’ band this year. This is same as the Asia regional average of C, and same as the Financial services sector average of C.Honoured with the IDF CSR Award 2019 for participation in Resource Mobilisation for Humanitarian Causes.Ranked 49th amongst Top 100 Indian companies for Sustainability by CSR under ‘Responsible Business Rankings 2019’ by Futurescape.2019-20Listed in Top 20 India’s Best Workplaces 2019 in the BFSI Industry by the Great Place To Work instituteAwarded first position for Excellence in Cost Management – F 2018 at an award ceremony at Delhi in November 2019Recognised among best 50 People Capital Index (PCI) Companies 2019 which measures companies with best people development practicesWon the Indian Oil Logistics Award CV Financer of the Year 2019Won Marketing Award for ‘Best Customer Engagement’ at ABP News, BFSI Awards 2019 (Sutradhar Samrudhi Program-Direct Marketing initiative)Made it to one of the most prestigious global benchmarks for corporate responsibility and sustainability, the Dow Jones Sustainability Index (DJSI), in the Emerging Markets Category for the 7th consecutive year2020-21Won the Silver Award in the category of ‘New on ground property of the year’ at the Rural Marketing Association of India (Flame Awards) for the Gram Pravesh initiatives of the CompanyRanked 48th amongst Top 100 Indian companies for Sustainability CSR under Responsible Business Rankings 2020 by Futurescape.Attained performance band: B in the Carbon Disclosure Project Assessment 2019-20.Recognized among “India's Best Workplaces in Career Management 2020” by Great Place to Work Institute.2021-22Won the ‘The Mahindra Group Sustainability Performance Award, 2021Ranked 54th in India’s Best Companies to Work for 2021 by Great Place To Work Institute2022-23Received a special commendation for CSR Programme ‘Swabhimaan’ at the CSR Journal Excellence AwardsRecognised for persistent and innovative efforts in promoting CSR by The Institute of Company Secretaries of India during the 7th ICSI CSR Excellence Awards – 2023Awarded CSR Times Awards 2022 – Gold category for CSR Initiatives under Swabhimaan in the area of skill development at the 9th National CSR Times Award 2022, New DelhiGreat Place to Work certified 2023 and Top 25 Great Place to Work in BFSI 2023Ranked 2nd in Financial Services Industry (Large Category) by AmbitionBox Best Places to Work in India – Employee Choice AwardRecognised as Happiest Workplace for Women at India Today – RPG Happiness at Workplace Summit Awards – 2023Won Silver Award for Aapke Safar Ka Saathi testimonial video series at the RMAI Flame Awards Asia 20222023-24Awarded the CRIF Data Excellence Award in the Commercial (NBFC) category.Received special commendation for CSR Flagship Program ‘Swabhimaan’ at The CSR Journal Excellence Awards 2023 under the category of ‘Education Skill Training’.Honoured with the Rotary CSR Award for ‘Distinguished Service in Community Development’ for Company’s CSR initiative ‘Swabhimaan’.Won the award for Best Financial Inclusion Initiative for Company’s Financial Digital Literacy CSR Initiative at the DNA Awards 2023 presented during Banking Frontiers NBFC’s Tomorrow Conclave.Won the ‘Best Digital Initiatives’ award at ASSOCHAM 18th Annual Summit Awards on Banking Financial Sector Lending Companies.Won the ‘Best Product/Service Innovation’ award at ASSOCHAM 18th Annual Summit Awards on Banking Financial Sector Lending Companies.2024-25Recognised as the ‘Best NBFC in Talent Workforce’ at the 29th Edition of Best Banks and NBFCs Awards organised by Business TodayRecognised as one of the best workplaces in the categories of ‘Top rated large company' 'Top rated financial services company' at the AmbitionBox Employee Choice Awards 2024Won award for ‘Transformational Leadership Development Program’ in the category of ‘Best Learning Development Program of the Year’ at the ETBFSI Exceller Awards 2024Awarded “Jombay’s WOW Workplace Award 2025” for its commitment to building an inspiring, employeefirst workplaceMahindra Finance has increased its Dow Jones Sustainability Index (DJSI) score to '50' becoming best-in-class for listed NBFCs in IndiaRanked 1st at BW Businessworld India's Most Sustainable Companies 2024 in the Financial Services and Insurance SectorWon the Gold Award for Education Skills Development and the Bronze Award for Environmental Sustainability by ACEF Asian Business Leaders Award 2024Won the 'Location-Based Marketing Campaign of the Year' award at the e4m Indian Digital Marketing Awards 2024Honoured with ‘Best CSR Initiative Best Financial Inclusion Initiative’ awards at the prestigious DNA Awards 2024‘Swabhimaan’ initiative honoured with the CSR Project of the Year Award at the India CSR Summit Awards 2023-24Milestones1991Incorporated as Maxi Motors Financial Services LimitedReceived certificate of commencement of business1992Name changed to : Mahindra Mahindra Financial Services Limited1993Commences financing of MM utility Vehicles1995With an aim to expand its business, it establishes first branch outside Mumbai, at Jaipur1996It stared financing MM dealers for purchase of tractor1999Introduce tractor retail financing in rural and semi rural areas2001A decade of good work results total asset crossing 10 billion mark2002Gets into financing of non-MM vehiclesInternational Finance Corporation grants Tier II debt2004Listing of Non Convertible debenture on BSE on the wholesale debt market segment2005Mahindra Insurance Brokers Ltd become wholly-owned subsidiary2006Issued IPOCollaboration with Maruti Udyog Limited2007Mahindra Finance was issued certificate by the RBI under section 45-IA of the Reserve Bank of India Act, 1934 classifying it as an 'Asset Finance Company - Deposit Taking.2008Enters into home loan business through subsidiary, Mahindra Rural Housing Finance Limited (MRHFL)2009NHB provides 12.5% equity participation for Mahindra Finance’s subsidiary, MRHFL2010Introduction of finance for Commercial Vehicles and Construction Equipments2011Total asset crosses the Rs 100 billion benchmarkMaiden QIP IssueJoint Venture with Rabobank subsidiary for tractor financing in USA2012Customer base crosses 2 millionAUM Crosses Rs 20,000 croreBranch network crosses 600 Mark2013Customer base crosses 2.5 millionCumulative asset finance crosses Rs 100,000 croreMIBL's strategic partnership with LeapFrog to design and deliver insurance solutions2014India Ratings and Brickworks Ratings upgraded company's long term debt rating to ‘AAA’ CARE Ratings also assigned ‘AAA’ rating to company's long term debtCrosses the benchmark of financing more than 4 million customers through more than 1200 branches.2015On 30th September, 2015, Mahindra and Mahindra Financial Services Ltd.

was successfully appraised and rated at Maturity Level 3 of the People Capability Maturity Model (People-CMM). People CMM is a framework for organizational change through streamlined people management. At maturity Level 3 of the People CMM, MMFSL has implemented robust HR processes and aligned itself to a competency framework.2016Ranked 68th among 791 employers surveyed in IndiaRanked 5th in Financial Services sector in IndiaRanked 3rd in Workplace Transformation case study2018Appraised and rated at People CMM Maturity Level 5Listed on Dow Jones Sustainability Index (DJSI) for the fifth year in a rowIncluded in the Sustainability Yearbook 2018 by RobecoSAM2019Celebrated 25 years of Mahindra Finance2020Joint Venture with Manulife Investment Management (Singapore) for Mutual Fund businessJoint Venture with Ideal Finance for providing financial services in Sri Lanka2021Expanded footprint by adding 150 new branches across the countryLaunched Quiklyz - A vehicle leasing and subscription businessCompletes acquisition of balance 20% stake in Ideal FinanceEnters into Vehicle leasing, subscription business2022Launches Special Deposit Scheme - aimed specifically for digitally affluent customers is part of the company’s digitisation drive.The company inks pact with DLL to extend long-standing U.S.

joint ventureEntered into partnership with Credgenics, a leading provider of SaaS (Software As A Service) based collections and debt resolution technology platform.Partnered with CRIF Solutions (CRIF) to offer a seamless onboarding experience for customers seeking loans.Entered into a strategic partnership with India Post Payments Bank (IPPB) to further enhance credit access to a larger customer base.2023Launched a specialized end-to-end digital journey named ‘Used Car Digi Loans’.Entered into a strategic co-lending partnership with State Bank of India (SBI), India’s largest public sector bank.Entered into strategic collaboration with IBM to build a super app2024Entered into partnership with Lendingkart to provide business loans for the Small Medium Enterprise (SME) sectorObtained a Certificate of Registration from IRDAI (Corporate Agency License) to act as a ‘Corporate Agent (Composite)’ under the Insurance Act, 1938.Entered into strategic partnership with Chola MS General Insurance, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company of Japan.