MAS Financial Services Ltd

Summary

MAS Financial Services Limited is a Gujarat-headquartered NBFC with more than two decades of business operations. The companys business and financing products are primarily focused on middle and lower income customer segments spread across urban, semi urban and rural areas, and including formal and informal sector. The company offers financial services for Micro Enterprises Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans to satisfy their varied needs. It has a strong distribution network of 99 branches in major cities of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu and Karnataka with around 3300 centers reach and more than 100 NBFCs also being the part of distribution arrangement. MAS Financial Services Limited was incorporated as a Public Limited Company on May 25, 1995 at Ahmedabad. The Company received a Certificate for Commencement of Business on May 29, 1995. The Company was initially registered as a Category A (public deposit taking) NBFC pursuant to a Certificate of Registration dated May 8, 1998, issued by the RBI. In 2006, the Company received investment from Bellwether Microfinance Trust. During the year under review, MAS Rural Housing & Mortgage Finance Limited (MRHMFL) was incorporated as a subsidiary of the company. MRHMFL is primarily engaged in providing housing finance.Upon conversion of the company to a Category B (non-public deposit taking) NBFC, the company received a certificate of registration... Read More