263.93
-0.58%
Close of 9 Nov 2026, in INR
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About MAS Financial Services
Its shares trade on NSE under the ticker MASFIN.NS. It has been listed since 18 October 2017. In the fiscal year to 31 March 2026, it reported revenue before interest expense of ₹17.60bn and net income of ₹3.71bn. At that date it held total assets of ₹137.47bn and shareholders' equity of ₹29.74bn.
MAS Financial Services Ltd. is a non-banking finance holding company, which engages in the provision of financial services. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-10-18. The firm is engaged in providing specialized retail financing services. The firm is engaged in the business of providing micro enterprise loans (MEL), small and medium enterprise loans (SME), two-wheeler loans (TW), commercial vehicle loans (CV) and loans to NBFCs. The firm provides loans for the purchase of new and old houses, construction of houses on owned plots, home improvement loans and loans for purchase and construction of commercial property. Its SME loans include machinery loan, industrial shed loan, working capital loan, and loan against property. The company also provides salaried personal loans for various purposes, like child education, home renovation, furniture purchase, family occasion, medical purpose, and other personal purposes. The company offers housing loans to customers to expand on their homesteads/ renovate part of their abodes, and construct an extra floor on their homes.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Consumer Finance
- Listed since
- 18 Oct 2017
- Employees
- 1,154
- Website
- mas.co.in ↗
Leadership
Pay as last reported
- Dr. Kamlesh GandhiExecutive Chairman of the Board, Managing Director₹76.1m
- Mrs. Darshana PandyaChief Executive Officer, Whole Time Director, since 2019₹12.6m
- Mr. Ankit JainChief Financial Officer₹4.5m
- Ms. Riddhi BhayaniCompliance Officer, Company Secretary₹1.5m
- Mr. Nishant JainChief Risk Officer
- Mr. Dhvanil GandhiWhole-Time Director, since 2024₹5.8m
- Dr. Barnali ChakladerNon-Executive Woman Independent Director
- Mr. Narayanan SadanandanNon-Executive Independent Director₹850,000
- Mr. Umesh ShahNon-Executive Independent Director₹975,000
- Mr. Vishal VasuNon-Executive Independent Director₹375,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 45
- Environment
- 24
- Social
- 49
- Governance
- 61
- Direct emissions (scope 1)
- 413 t
- Energy emissions (scope 2)
- 956 t
- Value chain emissions (scope 3)
- 811.13 t
- Women in the workforce
- 6.35%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MAS Financial Services Ltd. provides specialized retail financing services including MEL, SME, and two-wheeler loans.
- The company employs 1,154 full-time employees in Ahmedabad, Gujarat, supporting its financial services operations.
- MAS Financial Services offers diverse loan products such as home improvement, commercial property, and machinery loans for SMEs.
Weaknesses
- MAS Financial Services Ltd. is a non-banking finance company without banking licenses limiting its service scope.
- The firm's business model relies heavily on retail financing, which may face market saturation in Ahmedabad.
- MAS Financial Services has no presence in international markets, restricting its growth potential.
Opportunities
- MAS Financial Services can expand its micro enterprise loan offerings in Gujarat's growing economy.
- The company can leverage its existing SME loan products to enter new segments like industrial shed loans.
- MAS Financial Services may increase its housing loan portfolio by targeting home renovation needs in Ahmedabad.
Threats
- MAS Financial Services faces competition from established NBFCs in Gujarat's financial sector.
- Economic downturns could reduce demand for non-essential loans like two-wheeler and home improvement financing.
- Regulatory changes in India's financial sector might impact the company's loan product offerings.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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