Mahindra & Mahindra Financial Services Limited has informed the Exchange about Investor Presentation
24th April 2026
To, BSE Limited, (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001
National Stock Exchange of India Ltd., (Symbol: M&MFIN) Exchange Plaza, 5th Floor, Plot No. C/1, “G” Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400 051
Dear Sir/ Madam,
Sub: Earnings Presentation for the fourth quarter and financial year ended 31st March 2026 - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Ref: Our letter dated 16th April 2026 intimating about earnings conference call
In compliance with Regulation 30, Schedule III, Part A, Para A (15)(a) and other applicable provisions of the Listing Regulations, please find enclosed herewith an Earnings Presentation, to be made at earnings conference audio call scheduled to be held today i.e., on Friday, 24th April 2026 at 6.00 p.m. (IST) encompassing, inter-alia, an overview of the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended 31st March 2026, highlights of the quarter and business overview.
Please note that no Unpublished Price Sensitive Information would be shared by the Company during the said earnings conference call.
In compliance with Regulation 46(2)(o) of the Listing Regulations, the enclosed earnings presentation is also being uploaded on the Company’s website viz. https://www.mahindrafinance.com/investor- relations/financial-information#investor-presentation
Kindly take the same on record.
Thanking you, For Mahindra & Mahindra Financial Services Limited
Brijbala Batwal Company Secretary FCS No.: 5220
Mahindra & Mahindra Financial Services Limited
Result Update Quarter ended Mar’26 (Q4FY26)
Regd. Office: Gateway Building, Apollo Bunder, Mumbai-400 001, India Tel: +91 22 6897 5500 Fax:+91 22 2287 5485 www.mahindrafinance.com CIN - L65921MH1991PLC059642
Corporate Office: Mahindra Towers, 3rd Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai-400 018, India Tel: +91 22 6652 6000 Email: corporate.communications@mahindrafinance.com
Safe Harbor
Certain statements in the Financial Results Update presentation describing the Company's objectives, and predictions may be ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may vary significantly from the forward-looking statements contained in this document due to various risks and uncertainties. These risks and uncertainties include the effect of economic and political conditions in India, volatility in interest rates, new regulations and Government policies that may impact the Company’s business as well as its ability to implement the strategy. The Company does not undertake to update these statements.
2
Providing Financial Solutions to Bharat
Executive Summary
Financial Information
Subsidiary Financials
Company Overview
ESG & CSR
Key Messages F26
Visible step-up in profitability
Business Transformation through Digital and AI
Asset quality stabilized
Strengthened to Scale
PAT up 19% for F26; 55% Q4F26 (PAT up 30% F26; 84% Q4F26 adjusting labour code & Q4 overlays)
100% onboarding, 100% collections
GS3 at 3.4% GS2 +GS3 (8.2%) lowest in 8 years
Investments in controls, place- product, channel, systems, capital; driven by rural led growth
4
Visible step-up in profitability
Business Transformation
Asset quality stabilized
Strengthened to Scale
Visible step-up in profitability
1
2
3
4
Q4F26 ROA is 2.4% vs 1.7% in Q4F25; F26 is 2.0% compared to 1.9% in F25
Q4 PAT grew 55% YoY to ₹ 873 cr, and F26 increased 19% YoY to ₹ 2,782 cr after labor code and management overlay.
Q4 NIM expansion of ~101 bps YoY at 7.5%, F26 at 7.1% vs 6.5% F25
Q4 Fee & other income expansion 18 bps YoY at 1.5%, F26 at 1.4% vs 1.1% F25
5
Visible step-up in profitability
Business Transformation
Asset quality stabilized
Strengthened to Scale
Business Transformation through Digital and AI
1
2
3
4
₹ 31,500 cr disbursement in F26 through Udaan digital stack
~40% of applications approved via Straight through process (STP)
80% faster post sanction TAT achieved through ‘SamurAI’ agent. Deployed on 20% business
25% improvement in early bucket efficiency; powered by AI/ML models & multilingual AI bots
6
Visible step-up in profitability
Business Transformation
Asset quality stabilized
Strengthened to Scale
Asset quality stabilized
1
2
3
4
GS3 at 3.4%, down 39 bps QoQ and 27 bps YOY
GS2+GS3 at 8.2%, down 103 bps QoQ and 95 bps YOY
Credit cost at 1.5% for Q4F26 (incl. overlays) vs 1.4% Q4F25 Credit cost at 1.7% for F26 (incl. overlays) vs 1.3% F25
Prudent Provision Coverage on GS3 at 58.6% through creation of management overlays
* post additional provisioning (management overlays) in Q4F26
7
Visible step-up in profitability
Business Transformation
Asset quality stabilized
Strengthened to Scale
Strengthened to Scale
1
2
3
4
5
Tractor disbursements up 63% YoY for Q4F26 and 49% for F26, Capturing Bharat tailwinds
Mortgages equipped to scale; early wins, AUM growth 21% YoY and GS3 2.4%
MSME equipped to scale: early wins, AUM growth at 32% YoY
Cross sell: Improvement in PPC, now at 2.4
Capital Adequacy at 18.8% (Tier I: 16.7%)
8
Q4F26 Financial Highlights
Q4 Disbursement Rs 17,184 crore v/s Rs 15,530 crore YoY 11%
AUM (Business Assets) Rs 1,34,096 crore v/s Rs 1,19,673 crore YoY 12%
Total Income Rs 4,810 crore v/s Rs 4,245 crore YoY 13%
on standalone basis
Asset quality: GS2+GS3 <10%
9.7
10.2
10.2
9.1
9.7
9.7
9.2
8.2
Q1 F25 Q2 F25 Q3 F25 Q4 F25 Q1 F26 Q2 F26 Q3 F26 Q4 F26
Stage-3 @3.4% (v/s. 3.7% in Mar-2025)
3.8
3.9
3.7
3.8
3.9
3.8
3.6
3.4
Q1 F25 Q2 F25 Q3 F25 Q4 F25 Q1 F26 Q2 F26 Q3 F26 Q4 F26
Credit Costs* YoY 1.5% v/s 1.4%
PAT Rs 873 crore v/s Rs 563 crore YoY 55%
*% of Avg. Total Assets
Post management overlays
Capital Adequacy Comfortable at 18.8% with Tier I capital at 16.7% & Tier II capital at 2.2%
9
Key Business Indicators Q4FY26 vs Q4FY25
Disbursements
Business AUM
Total Income
11%
17,184
15,530
12%
1,19,673
1,34,096
4,245
13%
4,810
Figs. In ₹ Cr
Growth %
NIM
27%
2,739
2,156
Q4FY25
Q4FY26
Q4FY25
Q4FY26
Q4FY25 12.9%
Q4FY26 13.2%
Q4FY25 6.5%
Q4FY26 7.5%
Total Opex
8%
PPOP
42%
1,722
Credit Cost
23%
943
1,018
1,213
457
560
563
PAT
55%
873
Q4FY25 2.9%
Q4FY26 2.8%
Q4FY25 3.7%
Q4FY26 4.7%
Q4FY25 1.4%
Q4FY26 1.5%
Q4FY25 1.7%
Q4FY26 2.4%
10
% of Avg. Total Assets
Post management overlays
Key Business Indicators FY26 vs FY25
Disbursements
Business AUM
6%
61,118
57,900
12%
1,34,096
1,19,673
Total Income
15%
16,075
18,500
8,176
Figs. In ₹ Cr
Growth %
NIM
24%
10,108
FY25
FY26
FY25
FY26
FY25 12.8%
FY26 13.1%
FY25 6.5%
FY26 7.1%
Total Opex
14%
3,411
3,877
PPOP
31%
6,231
4,765
Credit Cost
51%
2,441
2,345
1,618
PAT
19%
2,782
FY25 2.7%
FY26 2.7%
FY25 3.8%
FY26 4.4%
FY25 1.3%
FY26 1.7%
FY25 1.9%
FY26 2.0%
11 11
% of Avg. Total Assets
Post labour code impact & management overlays
Spread & RoA Tree
on standalone basis
Particulars
Q4FY26
Q3FY26
Q4FY25
Total Income / Average Assets
- Loan Income
- Fee, Investment & Other Income
Interest cost / Average Assets
Gross Spread
Overheads / Average Assets
End Losses & provisions / Average Assets
- End Losses
- Provisions
Net Spread before Tax
Net Spread after Tax
13.2%
11.8%
1.5%
5.7%
7.5%
2.8%
1.5%
1.4%
0.2%
3.2%
2.4%
13.5%
12.0%
1.5%
6.0%
7.5%
2.8%
1.3%
1.8%
12.9%
11.6%
1.3%
6.3%
6.5%
2.9%
1.4%
1.5%
(0.4%)
(0.1%)
3.3%
2.5%
2.3%
1.7%
FY25
12.8%
11.7%
1.1%
6.3%
6.5%
2.7%
1.3%
1.2%
0.0%
2.5%
1.9%
F26
13.1%
11.6%
1.4%
5.9%
7.1%
2.7%
1.7%
1.4%
0.3%
2.6%
2.0%
Average Assets is computed based on Net Total Assets i.e., Total Assets less ECL Provisions
Post labour code impact & management overlays
12
Overall Disbursements and Book
Figs. In ₹ Cr
Product Wise
Q4 FY26
YoY%
QoQ%
YoY%
QoQ%
Disbursement
AUM
Tractor
Pre-Owned Vehicle
PV
CV & CE
2,034
3,044
6,910
63%
17%
15%
3,052
(16%)
(37%)
24%
(3%)
3%
28%
10%
14%
1%
5%
6%
4%
1%
3-Wheeler
445
(25%)
(16%)
(6%)
(3%)
SME
Others*^
Total
1,066
633
17,184
6%
57%
11%
46%
9%
(2%)
32%
13%
12%
10%
7%
4%
*Others for disbursements - Includes Farm implements, Gensets, and Personal Loans ^ Others for AUM - includes Trade Advances, Personal and Consumer Loans, Finance Lease Receivables, Implements etc.
13
GS-3 : Within guided range
GS3 – Trendline
3.97%
3.93%
-24 bps
3.40%
3.69%
-39 bps
3.80%
3.41%
GS2 – Trendline
-84 bps
5.99%
5.03%
6.28%
5.44%
5.40%
Figs. In ₹ Cr
-64bps
4.76%
3,852
3,491
4,525
4,414
4,905
4,578
5,814
5,160
7,234
6,512
6,966
6,390
Dec-23 Mar-24 Dec-24 Mar-25 Dec-25 Mar-26
Dec-23 Mar-24 Dec-24 Mar-25 Dec-25 Mar-26
GS2 + GS3 – Trendline
-108bps
9.96%
10.21%
8.43%
9.13%
9.20%
-103 bps
8.18%
9,666
8,651
11,759
10,926
11,871
10,968
Dec-23 Mar-24 Dec-24 Mar-25 Dec-25 Mar-26
14
Credit Cost: Break down
on standalone basis
Particulars
GS-3 (%)
Credit Cost (%)
Provision (%)
GS-3 Coverage (%)
Provision (Rs Cr)
End Losses (%)
End Losses (Rs Cr)
FY25
3.7%
1.3%
0.0%
51.2%
59
1.2%
1,559
FY26
3.4%
1.7% [1.6%]
0.3% [0.2%]
58.6% [53.8%]
482 [265]
1.4%
1,959
Q3FY25
Q4FY25
Q3FY26
3.9%
0.0%
(1.4%)
50.1%
(434)
1.4%
444
3.7%
1.4%
(0.1%)
51.2%
(40)
1.5%
498
3.8%
1.3%
(0.4%)
53.0%
(158)
1.8%
628
Q4FY26
3.4%
1.5% [0.9%]
0.2% [-0.4%]
58.6% [53.8%]
61 [-156]
1.4%
499
2.3%
1.5%
1.2%
Credit Cost*
1.4%
1.9%
2.2%
1.3%
1.5%
[0.9%]
Q4F24
Q1F25
Q2F25
* % of Avg. Total Assets
0.0%
Q3F25
Numbers in [ ] are without additional provisioning (management overlays) in Q4F26
Q4F25
Q1F26
Q2F26
Q3F26
Q4F26
15
Progressing with Prudence
1
2
Enhanced monitoring
Proactive Measures
o Management Overlays (Q4F26 : ₹ 217 cr)
o Elevated Liquidity chest
o Strengthening collections intensity
Active Scenario Planning
16
Key Priorities
Defend and grow wheels leadership
Grow Mortgages, SME, leasing, and fee income
Steady progress on growth and margins
Sustain risk levels (asset quality, credit costs)
Continue to build a resilient operating model
Efficiency gains – Sales, underwriting, collections
Data, Digital, AI in Business and Controls
Achieve stronger RoA and RoE outcomes
17
Subsidiaries & Associates Highlights –F26
Figs. In ₹ Cr
MRHFL
Net Loan Book
Loans Disbursed
Total Income
PAT
GS-3 %
MIBL
Net Premium
Total Income
PAT
F25
6,894
2022
1197
(228)
F26
8,320
3171
1175
58
8.65%
2.39%
Growth
21%
57%
-2%
NA
NA
MIFL, Sri Lanka
Loan Assets
Loans Disbursed
Total Income
PAT
GS-3 %
F25
428
826
78
4
1.9%
F26
806
1,663
124
14
1.7%
Growth
89%
101%
59%
250%
NA
F25
4,016
1,240
89
F26
Growth
MMIMPL (JV)
F25
F26
Growth
4,590
1,497
114
14%
21%
28%
Average Overall AUM
26,766
31,828
Total Income
PAT
88
(10)
114
4
19%
30%
NA
18
Providing Financial Solutions to Bharat
Executive Summary
Financial Information - Standalone
Subsidiary Financials
Company Overview
ESG & CSR
Distribution of Disbursements
All figures in ₹ crore
on standalone basis
Product Wise
Q4 FY26
Q4 FY25
YoY
FY26
FY25
YoY
PV
6,910 (40%)
6,021 (39%)
Pre-Owned Vehicle
3,044 (18%)
2,612 (17%)
15%
17%
24,614 (40%)
23,527 (41%)
10,151 (17%)
9,468 (17%)
CV & CE
Tractor
3,052 (18%)
3,649 (23%)
-16%
10,665 (17%)
12,290 (21%)
2,034 (12%)
1,248 (8%)
63%
8,732 (14%)
5,871 (10%)
3-Wheeler
445 (3%)
594 (4%)
-25%
1,976 (3%)
2,445 (4%)
SME
Others*
Total
1,066 (6%)
1,001 (6%)
6%
3,057 (5%)
3,010 (5%)
633 (4%)
404 (3%)
57%
1,922 (3%)
1,288 (2%)
17,184 (100%)
15,530 (100%)
11%
61,118 (100%)
57,900 (100%)
6%
5%
7%
-13%
49%
-19%
2%
49%
* Others include Farm implements, Gensets, and Personal Loans Figures re-grouped and rounded where found relevant
20
Break down of Business Assets
on Standalone Basis
Asset Class
Passenger vehicles
Commercial vehicles and construction equipments
Pre-owned vehicles
Tractors
SME
3 Wheelers
Others*
Contribution of M&M assets in Business Assets
FY26
41.3%
20.0%
12.5%
12.2%
6.0%
3.2%
4.8%
46%
FY25
40.6%
22.3%
12.8%
10.7%
5.1%
3.8%
4.7%
44%
FY24
39.3%
22.9%
13.1%
11.4%
4.7%
3.8%
4.7%
44%
* Others include Trade Advances, Personal and Consumer Loans, Finance Lease Receivables, Implements etc. Figures re-grouped and rounded where found relevant
21
Distribution by Geography
Circle HQ
Disbursement*
Business Assets
Q4 FY26
Q4 FY25
Q4 FY26
Q4 FY25
Delhi
14.1%
14.6%
13.9%
13.8%
on standalone basis
Jaipur
15.6%
Lucknow
18.8%
15.7%
17.7%
14.9%
14.8%
17.9%
17.7%
Thane
18.7%
18.5%
20.0%
19.0%
Chennai
12.1%
11.9%
11.8%
Hyderabad
11.2%
12.8%
12.0%
Kolkata
9.4%
8.9%
9.6%
12.0%
12.4%
10.3%
• Prepared on Finance Amount • Figures re-grouped and rounded where found relevant
DELHI: Chandigarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Punjab, Uttarakhand JAIPUR: Rajasthan, Gujarat, Dadra & Nagar Haveli LUCKNOW: Uttar Pradesh, Bihar THANE: Maharashtra, Goa, Madhya Pradesh CHENNAI: Andaman & Nicobar Island, Karnataka, Kerala, Puducherry, Tamil Nadu HYDERABAD: Andhra Pradesh, Telangana, Orissa, Chhattisgarh 22 KOLKATA: Arunachal Pradesh, Assam, Meghalaya, Mizoram, Manipur, Sikkim, Tripura, West Bengal, Jharkhand
Disbursements → Steady YoY
Historical Disbursements (Rs. in crore)
Q1
Q2
Q3
Q4
FY
on standalone basis
FY 2026
FY 2025
FY 2024
Collection Efficiency^
FY 2026
FY 2025
FY 2024
12,808 (1% yoy)
13,514 (3% yoy)
17,612 (7% yoy)
17,184 (11%yoy)
61,118 (6%yoy)
12,741
12,165
Q1
95%
94%
94%
13,162
13,315
Q2
96%
96%
96%
16,467
15,530
57,900
15,436
15,292
56,208
Q3
95%
95%
95%
Q4
98%
97%
98%
FY
96%
95%
96%
^ Computed as (Current month demand collected + Overdues collected)/(Current month demand due for the month) without considering restructured contracts
23
Asset Quality → Overall Range-Bound
on standalone basis
4.5%
Gross Stage-3
Net Stage-3
3.4%
3.7%
3.4%
6.0%
5.0%
5.4%
4.8%
1.9%
1.3%
1.8%
1.4%
FY23
FY24
FY25
FY26
FY23
FY24
FY25
FY26
Gross & Net Stage - 3
Gross Stage - 2
24
Balance Sheet → Adequately Capitalized
Capital Adequacy
Gross Stage-3
Stage 3 - Coverage Ratio
18.9%
18.3%
19.8%
18.8%
(16.4%)
(15.2%)
(17.4%)
(16.7%)
3.7%
3.8%
63.2%
3.4%
3.4%
58.6%
53.0%
51.2%
Mar-24
Mar-25
Dec-25
Mar-26
Mar-24
Mar-25
Dec-25
Mar-26
Mar-24
Mar-25
Dec-25
Mar-26
(Tier I- %)
Adequately capitalized
Asset quality under control
Prudent
25
Growth Trajectory
Loan Book (1) (Rs. crore)
Revenues (Rs. crore)
99,195
79,455
12%
1,30,160
1,16,214
16,075
15%
18,500
11,056
13,562
on standalone basis
FY23
FY24
FY25
FY26
FY23
FY24
FY25
FY26
Pre-Provisioning Operating Profit (Rs. crore)
Profit after Tax (2) (Rs. crore)
3,752
4,178
6,231
4,765
31%
1,984
1,760
19%
2,345
2,782
FY23
FY24
FY25
FY26
FY23
FY24
FY25
FY26
Note : (1) Loan Book net of provisions.
(2) PAT post exceptional items.
26
Financial Performance
Cost to income ratio (1) (%)
Return on Assets (ROA) (2) (%)
on standalone basis
42.1%
41.4%
41.7%
38.4%
2.3%
1.7%
1.9%
2.0%
FY23
FY24
FY25
FY26
FY23
FY24
FY25
FY26
Return on Net Worth (RONW) (2) (%)
Asset Quality (%)
12.1%
10.0%
12.4%
12.5%
FY23
FY24
FY25
FY26
4.5%
Gross Stage-3
Net Stage-3
3.4%
3.7%
3.4%
1.9%
1.3%
1.8%
1.4%
FY23 59.5%
FY24 63.2%
FY25 51.2%
FY26 58.6%
Provision Coverage Ratio: Stage-3 Provisions/ Stage-3 Assets
Note : (1) Cost to Income calculated as Operating Expenses (including depreciation)/(Net Interest Income + Other Income). (2) Annualised - Calculated based on average total assets/ average networth
27
Standalone Profit & Loss Account
Particulars (Rs. in crore)
Revenue from operations (A)
Less: Finance cost (B)
NII (C= A-B)
Other Income (D)
Total Income (E=C+D)
Employee benefits expense (F)
Other expenses (G)
Depreciation and amortization (H)
Total Expenses (I=F+G+H)
Pre-Provisioning Operating Profit (J=E-I)
Provisions and write-offs (K)
Profit before Exceptional items (L=J-K)
Exceptional Items (M)
Profit before Tax (N=L+M)
Tax expense (O)
Net Profit after Taxes (P=N-O)
Figures re-grouped and rounded where found relevant
Q4FY26
Q3FY26
Q-o-Q
Q4FY25
Y-o-Y
4,800
2,071
2,729
10
2,739
520
399
99
1,018
1,722
560
1,161
-
1,161
288
873
4,754
2,103
2,651
10
2,661
520
397
86
1,003
1,658
470
1,188
-117
1,070
260
810
1%
-2%
3%
5%
3%
0%
0%
16%
1%
4%
19%
-2%
8%
11%
8%
4,241
2,090
2,151
4
2,156
498
373
73
943
1,213
457
756
-
756
193
563
13%
-1%
27%
136%
27%
4%
7%
36%
8%
42%
23%
54%
-
54%
50%
55%
FY25
16,019
7,898
8,121
56
8,176
1,903
1,235
273
3,411
4,765
1,618
3,147
-
3,147
802
2,345
28
Standalone Profit & Loss Account
Particulars (Rs. in crore)
Revenue from operations (A)
Less: Finance cost (B)
NII (C= A-B)
Other Income (D)
Total Income (E=C+D)
Employee benefits expense (F)
Other expenses (G)
Depreciation and amortization (H)
Total Expenses (I=F+G+H)
Pre-Provisioning Operating Profit (J=E-I)
Provisions and write-offs (K)
Profit before Exceptional items (L=J-K)
Exceptional Items (M)
Profit before Tax (N=L+M)
Tax expense (O)
Net Profit after Taxes (P=N-O)
Figures re-grouped and rounded where found relevant
FY26
18,446
8,392
10,054
55
10,108
2,054
1,480
343
3,877
6,231
2,441
3,790
(117)
3,673
890
2,782
FY25
16,019
7,898
8,121
56
8,176
1,903
1,235
273
3,411
4,765
1,618
3,147
-
3,147
802
2,345
Y-o-Y
15%
6%
24%
(2%)
24%
8%
20%
25%
14%
31%
51%
20%
-
17%
11%
19%
FY24
13,407
6,427
6,980
155
7,135
1,713
1,016
229
2,957
4,178
1,823
2,355
-
2,355
596
1,760
29
Standalone Balance Sheet
Particulars (Rs. in crore)
As on Mar 31, 2026
As on Mar 31, 2025
As on Mar 31, 2024
ASSETS
Financial Asset
a) Cash and cash equivalents
b) Bank balance other than (a) above
c) Derivative financial instruments
d) Trade Receivables
e) Loans
f) Investments
g) Other Financial Assets
Financial Asset
Non-Financial Asset
a) Current tax assets (Net)
b) Deferred tax assets (Net)
c) Property, plant and equipment
d) Intangible assets
e) Other non-financial assets
Non-Financial Assets
Total Assets
Figures re-grouped and rounded where found relevant
391
6,949
403
86
1,30,160
6,820
222
1,45,032
439
654
941
254
586
1,667
3,869
31
53
1,16,214
10,400
248
1,32,482
602
641
877
238
709
311
2,956
-
25
99,195
9,651
229
1,12,367
610
691
811
120
561
2,873
1,47,905
3,066
1,35,548
2,793
1,15,159
30
Standalone Balance Sheet (Contd.)
Particulars (Rs. in crore)
LIABILITIES AND EQUITY Financial Liabilities a) Derivative financial instruments b) Payables
i) Trade payables ii) Other payables
c) Debt Securities d) Borrowings (Other than Debt Securities) e) Deposits f) Subordinated Liabilities g) Other financial liabilities Financial Liabilities Non-Financial liabilities a) Current tax liabilities (Net) b) Provisions c) Other non-financial liabilities Non-Financial Liabilities Equity a) Equity Share capital b) Other Equity Equity Total Equities and Liabilities
Figures re-grouped and rounded where found relevant
As on Mar 31, 2026
As on Mar 31, 2025
As on Mar 31, 2024
7
390
856 40 26,539 74,240 14,196 5,360 1,128 1,22,365
159 407 216 782
278 24,481 24,759 1,47,905
1,209 20 26,205 69,735 11,404 5,530 791 1,15,283
70 217 166 453
247 19,565 19,812 1,35,548
335
1,459 65 27,697 54,467 7,544 4,270 688 96,527
119 205 151 475
247 17,911 18,157 1,15,159
31
Summary & Key Ratios
Particulars
RONW (Avg. Net Worth) - annualised
Debt / Equity
Capital Adequacy
Tier I
Tier II
EPS (Basic) (Rs.)
Book Value (Rs.)
Dividend %
No. of employees
FY26
12.5%
4.86:1
18.8%
16.7%
2.2%
20.35
178.1
375%
on standalone basis
FY24
10.0%
5.18:1
18.9%
16.4%
2.5%
14.26
147
315%
FY25
12.4%
5.70:1
18.3%
15.2%
3.1%
18.43
160.4
325%
22,637
25,261
26,662
Figures restated where found relevant
32
Stage 3 - Analysis
on standalone basis
Particulars (Rs. in crore) except figures in %
Mar 31, 2026
Dec 31, 2025
Mar 31, 2025
Mar 31, 2024
Business Assets (including Provisions)
1,34,096
1,28,965
1,19,673
1,02,597
Gross Stage 3
Less: Stage 3 ECL Provisions
Net Stage 3
Gross Stage 3 as % of Business Assets
Net Stage 3 as % of Business Assets
Coverage Ratio (%) – based on Stage 3 ECL
Stage 1 & 2 provision to Business Assets (%)
Coverage Ratio (%) – including Stage 1 & 2 provision
4,578
2,681
1,898
3.41%
1.44%
4,905
2,600
2,304
3.80%
1.82%
58.6%
53.0%
0.9%
86.0%
1.0%
79.0%
4,414
2,258
2,156
3.69%
1.84%
51.2%
1.0%
78.4%
3,491
2,205
1,286
3.40%
1.28%
63.2%
1.2%
97.4%
Figures restated, re-grouped and rounded where found relevant
33
Credit Charge
on standalone basis
Particulars (Rs. in crore)
Q4FY26
Q3FY26
Q4FY25
FY26
FY25
FY24
Stage-1 Provisions
Stage-2 Provisions
Stage-3 Provisions
Provisions – P&L Charge
27
(47)
80
61
27
(132)
(54)
(158)
25
(56)
(9)
(40)
149
(89)
422
482
(7)
12
53
59
46
67
(5)
108
Write-Offs
499
628
498
1,959
1,559
1,715
Total
560
470
457
2,441
1,618
1,823
Figures re-grouped and rounded where found relevant
34
Stage Wise Provisioning
Stage-Wise Assets and Provisioning
on standalone basis
As on 31st Mar 2026
As on 31st Dec 2025
As on 31st Mar 2025
Rs. in crore
Business Assets (Amount and %)
Provisions & Coverage
Business Assets (Amount and %)
Provisions & Coverage
Business Assets (Amount and %)
Provisions & Coverage
Stage - 1 Assets
1,23,128
91.8%
1,22,816
91.6%
742
739
0.6%
1,17,094
90.8%
0.6%
1,16,739
90.5%
312
0.2%
2
0.8%
355
0.3%
Stage 1A
Stage 1B^
Stage - 2 Assets
6,390
4.8%
Stage 2A
Stage 2B^
4,566
1,824
3.4%
1.4%
514
346
168
8.0%
6,966
5.4%
7.6%
9.2%
5,072
1,894
3.9%
1.5%
716
713
3
560
383
177
0.6%
1,08,747
90.9%
598
0.6%
0.6%
0.8%
-
-
-
-
-
-
-
-
8.0%
6,512
5.4%
602
9.3%
7.6%
9.3%
-
-
-
-
-
-
-
-
Stage - 3 Assets
4,578
3.4%
2,681*
58.6%
4,905
3.8%
2,600
53.0%
4,414
3.7%
2,258
51.2%
Total
1,34,096
3,936
2.9% 1,28,965
3,876
3.0%
1,19,673
3,459
2.9%
Comparison of IRACP and IND-AS Provisioning requirement
Rs. in crore
Stage 1 and Stage 2
Stage 3
Total
IRACP (A)
IND-AS (B)
Difference (B-A)
508
1,856
2,364
1,255
2,681
3,936
747
825
1,572
^ cases which have ever been 90+ * Includes management overlays of Rs 635 Cr (created in Q3 F26) & 217cr (created in Q4 F26)
35
Broad Based Liability Mix
on standalone basis
Funding Mix by Investor Category
Funding Mix by type of Instrument
Investor Type
Banks / Financial Institutions
Mar’26
Dec’ 25 Mar’25
Amount % Share % Share % Share
Instrument Type
Mar’26
Dec’ 25 Mar’25
Amount % Share % Share % Share
76,100
64.5%
64.4%
63.4%
NCDs
21,391
18.1%
20.2%
22.6%
Mutual Funds
7,644
6.5%
4.9%
3.9%
Retail NCDs
3,230
2.7%
2.8%
2.9%
Bank / FI Loans
55,640
47.2%
45.8%
47.6%
Insurance & Pension Funds
14,126
12.0%
12.8%
14.5%
Offshore Borrowings
5,141
4.4%
6.0%
FIIs & Corporates
12,452
10.6%
11.2%
10.5%
Fixed Deposits
13,407
11.4%
11.8%
CP, ICD, TREPS
6,275
5.3%
2.9%
6.3%
9.8%
2.9%
Others
Total
7,579
6.4%
6.7%
7.7%
Securitisation/ Assignment
12,818
10.9%
10.5%
7.9%
1,17,902
100.0%
100.0%
100.0%
Total
1,17,902
100.0%
100.0%
100.0%
40% of the overall borrowing is at floating rate as of Mar’26 ^ Based on holding as at respective period ends
Computed based on FV/ Principal value
All figures in INR crore
36
ALM Position and Liability Maturity
All figures in ₹ crore
1,60,000
1,40,000
1,20,000
1,00,000
80,000
60,000
40,000
20,000
-
Cumulative Inflow
Cumulative Outflow
Cumulative Mismatch%
1,46,250
1,22,936
1,14,864
1,22,982
30,450
24,174
41,851
34,756
63,687
61,896
20,307
8,816
25,100
16,124
Upto 1 Month
Upto 2 Month
Upto 3 Month
Upto 6 Month
Upto 1 Year
Upto 3 Year
Upto 5 Year
Liability Maturity^
Apr-26
May-26
Jun-26
Q1 FY27
Jul-26
Aug-26
Sep-26
Q2 FY27
400%
300%
200%
100%
0%
Next 6 months
Bank Loans
Market Instruments (NCD/ CP etc.)
Others (FD/ ICD)
4,504
2,985
3,734
11,224
802
1,356
3,833
5,591
11,486
350
455
3,227
3,689
7,266
277
336
1,067
-
321
-
694
345
730
345
3,762
1,745
2,999
Total
5,309
6,489
7,759
19,557
1,123
2,051
4,908
8,082
18,247
Based on provisional ALM as on Mar 31, 2026
^ excl. Securitisation and as on Mar 31, 2026
37
In addition to undrawn sanctioned lines, the Company held Cash/ Liquid investments of over INR 9,150 crore
Providing Financial Solutions to Bharat
Executive Summary
Financial Information - Consolidated
Subsidiary Financials
Company Overview
ESG & CSR
Key Financials
Disbursements
16%
18,919
16,328
Total Income
14%
5,560
4,897
on consolidated basis
PAT
106%
940
456
Q4FY25
Q4FY26
Q4FY25
Q4FY26
Q4FY25
Q4FY26
9%
60,741
65,986
18,530
14%
21,087
27%
2,861*
2,261
FY25
FY26
FY25
FY26
FY25
FY26
39
Figs. In Rs. Cr
Growth %
Post labour code impact
Consolidated Profit & Loss Account
Particulars (Rs. in crore)
Revenue from operations (A)
Less: Finance cost (B)
NII (C= A-B)
Other Income (D)
Total Income (E=C+D)
Employee benefits expense (F)
Other expenses (G)
Depreciation and amortization (H)
Total Expenses (I=F+G+H)
Pre-Provisioning Operating Profit (J=E-I)
Provisions and write-offs (K)
Profit before Exceptional items (L=J-K)
Exceptional Items (M)
Share of Profit of Associates (N)
Profit before taxes (O= L+M+N)
Tax expense (P)
Net Profit after Taxes (Q=O-P)
Q4 FY26
Q3 FY26
Q-o-Q
Q4 FY25
Y-o-Y
5,539
2,220
3,319
21
3,340
641
802
110
1,553
1,787
543
1,243
-
16
1,259
319
940
5,450
2,236
3,214
14
3,228
631
805
96
1,532
1,696
476
1,219
-133
18
1,105
279
826
2%
(1%)
3%
44%
3%
2%
0%
14%
1%
5%
14%
2%
-
(11%)
14%
14%
14%
4,886
2,218
2,668
11
2,679
608
696
85
1,389
1,290
697
594
-
16
609
153
456
13%
0%
24%
85%
25%
5%
15%
30%
12%
38%
(22%)
109%
-
2%
107%
108%
106%
Figures re-grouped and rounded where found relevant
40
Consolidated Profit & Loss Account
Particulars (Rs. in crore)
Revenue from operations (A)
Less: Finance cost (B)
NII (C= A-B)
Other Income (D)
Total Income (E=C+D)
Employee benefits expense (F)
Other expenses (G)
Depreciation and amortization (H)
Total Expenses (I=F+G+H)
Pre-Provisioning Operating Profit (J=E-I)
Provisions and write-offs (K)
Profit before Exceptional items (L=J-K)
Exceptional Items (M)
Share of Profit of Associates (N)
Profit before taxes (O= L+M+N)
Tax expense (P)
Net Profit after Taxes (Q=O-P)
Figures re-grouped and rounded where found relevant
FY26
21,005
8,934
12,072
81
12,153
2,510
2,885
386
5,781
6,372
2,483
3,889
-133
70
3,826
965
2,861
FY25
18,463
8,415
10,048
67
10,115
2,355
2,392
321
5,068
5,047
2,085
2,962
-
65
3,027
766
2,261
Y-o-Y
14%
6%
20%
21%
20%
7%
21%
20%
14%
26%
19%
31%
7%
26%
26%
27%
FY24
15,797
6,959
8,838
173
9,011
2,261
1,987
275
4,523
4,488
1,956
2,532
56
2,588
645
1,943
41
Consolidated Balance Sheet
Particulars (Rs. in crore)
ASSETS
Financial Asset
a) Cash and cash equivalents
b) Bank balance other than (a) above
c) Derivative financial instruments
d) Trade Receivables
e) Loans
f) Investments
g) Other Financial Assets
Financial Asset
Non-Financial Asset
a) Current tax assets (Net)
b) Deferred tax Assets (Net)
c) Property, plant and equipment (includes CWIP)
d) Intangible assets (includes under development)
e) Other non-financial assets
Non-Financial Assets
Total Assets
As on Mar 31, 2026
As on Mar 31, 2025
As on Mar 31, 2024
465
7,103
403
326
1,39,264
7,407
238
1,55,206
623
826
1,077
258
653
3,438
1,58,644
1,830
4,017
31
247
1,23,514
10,590
263
1,40,492
736
829
1,028
245
776
3,614
1,44,106
904
3,172
173
1,06,344
9,598
252
1,20,442
733
802
983
130
625
3,273
1,23,716
Figures re-grouped and rounded where found relevant
42
Consolidated Balance Sheet (Contd.)
Particulars (Rs. in crore)
LIABILITIES AND EQUITY Financial Liabilities a) Derivative financial instruments b) Payables
i) Trade payables ii) Other payables
c) Debt Securities d) Borrowings (Other than Debt Securities) e) Deposits f) Subordinated Liabilities g) Other financial liabilities Financial Liabilities
Non-Financial liabilities
a) Current tax liabilities (Net) b) Provisions c) Other non-financial liabilities Non-Financial Liabilities Equity a) Equity Share capital b) Other Equity c) Non-controlling interests Equity (incl. attributable to minority investors) Total Equities and Liabilities
Figures re-grouped and rounded where found relevant
As on Mar 31, 2026
As on Mar 31, 2025
As on Mar 31, 2024
7
1,142 40 30,728 77,612 14,130 5,901 1,492 1,31,052
169 465 266 900
278 26,361 53 26,692 1,58,644
392
1,441 21 29,862 71,754 11,374 6,104 1,042 1,21,989
82 257 205 544
247 21,282 44 21,573 1,44,106
335
1,679 65 30,985 56,944 7,533 4,753 878 1,03,172
129 255 186 569
247 19,686 42 19,975 1,23,716
43
Providing Financial Solutions to Bharat
Executive Summary
Financial Information
Subsidiary Financials
Company Overview
ESG & CSR
Mahindra Rural Housing Finance Limited
Particulars (Rs. in crore)
Q4FY26
Q4FY25
FY26
FY25
F24
Loans disbursed
Loans & Advances (net)
Total income
PBT
PAT
Net-worth
Gross Stage 3 %
Net Stage 3 %
No. of Employees
1215
8320
313
51
38
1313
2.39%
0.75%
4,319
543
6,894
296
(204)
(152)
1,260
8.65%
1.41%
5,442
3171
8320
1175
78
58
1313
2.39%
0.75%
4,319
2,022
6,894
1,197
(305)
(228)
1,260
8.65%
1.41%
5,442
2,071
6,933
1,294
5
4
1,488
9.03%
6.29%
8,435
▪ Business Area:
Provide loans for home construction, extension, purchase and improvement to customers in rural and Urban India
▪ Shareholding pattern:
MMFSL – 98.43%; MRHFL Employee Welfare Trust and Employees – 1.57%
▪ Reach:
Currently spread in 16 States & 3 Union Territory
Figures re-grouped and rounded where found relevant
45
Mahindra Insurance Brokers Limited
Particulars (Rs. in crore)
Q4FY26
Q4FY25
FY26
FY25
FY24
Net Premium
Total income
PBT
PAT
1,392
437
54
40
1,151
343
37
27
No. of employees (nos.)
432
589
4,590
4,016
3,854
1,497
1,240
1,095
157
114
432
124
89
589
168
124
725
▪ Business Area:
Licensed by IRDAI for undertaking insurance broking in Life, Non-Life and reinsurance businesses
▪ Shareholding pattern:
MMFSL – 100%*
* MIBL became wholly owned subsidiary of the company w.e.f. 22nd September 2023.
46
Mahindra Ideal Finance Limited
Particulars (in LKR Mn)
Q4FY26
Q4FY25
FY26
FY25
FY24
Loans disbursed
Loans & Advances (net)
Total income
PBT*
PAT
Net-worth
Gross Stage 3 % (including Gold loans)
Net Stage 3 % (including Gold loans)
17,723
26,946
1,276
339
158
3,561
1.7%
1.2%
8,985
14,803
775
178
69
3,083
1.9%
1.2%
57,608
26,946
4,262
1,093
478
3,561
1.7%
1.2%
29,473
14,803
2,741
433
146
3,083
1.9%
1.2%
13.941
8,543
2309
334
103
2,932
5.3%
4.2%
▪ Business Area:
Provide Gold loans and lease/ loan against vehicles in Sri-Lankan market
▪ Shareholding pattern:
MMFSL holds 58.2% stake.
▪ Reach:
37 branches across Sri Lanka
* before VAT and Income Tax
Figures re-grouped and rounded where found relevant
47
Providing Financial Solutions to Bharat
Executive Summary
Financial Information
Subsidiary Financials
Company Overview
ESG & CSR
Company Background
Parentage
Mahindra & Mahindra Financial Services Limited (“MMFSL”) is a subsidiary of Mahindra and Mahindra Limited (M.Cap: Rs 3.79 trillion)*
About MMFSL
MMFSL (M.Cap: Rs 413 billion)*, one of India’s leading non-banking finance companies focused in the rural and semi-urban sector
Key Business Area
Primarily operates in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, CV/ CE and SME Financing
Vision
MMFSL’s vision is to be a Leading and responsible financial solutions partner of choice for Bharat
Reach
Has 1,348 offices covering 27 states and 7 union territories in India, with over 12 million customer contracts since inception
Credit Ratings
All rating agencies – CRISIL, India Ratings, CARE and Brickwork has assigned AAA/Stable rating to the Company’s long term and subordinated debt
*Source: Market capitalisation as of April 23, 2026, from BSE website
49
Vision
“Leading and Responsible Financial Solutions Partner of Choice for Bharat”
Our DNA
Our Mantra
1,300+ Branches
10+ OEMs
134K Cr AUM
6,000+ Dealers
12M+ Customers
Bharat ke PAAS
Bharat ke SAATH
Accessible
Right Offering
Timely
Trust
e l a c S
r e m o t s u C
Customer Offerings
Wheels
MSME
LAP/HL
PL
Insurance
FD
Mutual Fund
50
MMFSL Group Structure
Mahindra & Mahindra Limited
52.49%
Mahindra & Mahindra Financial Services Limited
100%(1)
98.43%(2)
49%
51%(3)
51%(3)
58.2%(4)
Mahindra Insurance Brokers Limited (“MIBL”)
Mahindra Rural Housing Finance Limited (“MRHFL”)
Mahindra Finance USA LLC (Joint venture with Rabobank group subsidiary)
Mahindra Manulife Investment Management Pvt. Ltd (“MMIMPL”)
Mahindra Manulife Trustee Pvt. Ltd (“MMTPL”)
Mahindra Ideal Finance Ltd (“MIFL”), Sri Lanka
Note:
1. MIBL became wholly owned subsidiary of the company w.e.f 22nd September 2023. 2. Balance 1.57% held by MRHFL Employee Welfare Trust and employees 3. Manulife Investment Management (Singapore) Pte. Ltd. holds 49% of the shareholding of MMIMPL and MMTPL. 4. MIFL w.e.f. 8th July 2021 is a subsidiary of the Company 5. Mahindra Finance CSR Foundation is a wholly-owned subsidiary of MMFSL w.e.f 2nd April 2019, involved in engaging and promoting CSR projects and CSR activities of the
51
Company and its group Companies
Our Journey
Equity participation of 12.5%by NHB in MRHFL
Recommenced Fixed Deposit Program
Stake sale in MIBL to Inclusion Resources Pvt. Ltd.
QIP Issue of Rs. 867 crore
Certificate of Registration received from SEBI by Mahindra Mutual Fund
Sale of 5% of MIBL at a valuation of Rs. 1,300 crore.
QIP Issuance : Rs. 1,056 crore; Preferential Issue to M&M : Rs. 1,055 crore
Completed IPO, Subscribed ~ 27 times
Rights Issue of Rs. 3,089 crore
Rights Issue of Rs. 2,996 crore
AUM crosses 1 Lakh Crore
FY 06
FY 08
FY 09
FY 11
FY 13
FY 15
FY 16
FY 17
FY 18
FY 20
FY 21
FY 23
FY 24
FY 25
FY 26
Commenced Housing Finance business through MRHFL
Raised Rs. 414 crore through Private Equity
QIP Issue of Rs. 426 crore
JV with Rabobank subsidiary for tractor financing in USA
Maiden Retail NCD Issue of Rs. 1000 crore Oversubscribed over 7x of base issue size of Rs. 250 crore
Long term debt rating upgraded to AAA by India Ratings and Brickwork. CARE Ratings assigned AAA rating to long term debt
Partnered with Manulife for Mutual Fund business
Invested in Ideal Finance for providing financial services in Sri Lanka
Long term debt rating upgraded to AAA by CRISIL
Crossed 9 million cumulative customer contracts
Received Corporate C Agency License from IRDAI
52
Shareholding Pattern (as on March 31, 2026)
Shareholding Pattern
Top 10 Public Shareholders
5.99%
32.09%
52.49%
9.40%
0.03%
Promoter
FII
Non-Institutions
Esop Trust
Mutual Funds and DIIs
▪
▪
▪
▪
▪
▪
▪
▪
▪
▪
Life Insurance Corporation of India
SBI Mutual Fund
HDFC Mutual Fund
HDFC Life Insurance Company Limited
SBI Life Insurance Co. LTD
Sundaram Mutual Fund
Ashish Dhawan
Government Pension Fund Global
Bandhan Mutual Fund
Nippon Life India Mutual Fund
Mahindra & Mahindra Limited holds a stake of 52.49% in the Company
53
Extensive Branch Network
Extensive branch network with presence in 27 states and 7 union territories in India through 1,348 offices
Coverage (Circle HQ)
Branches have authority to approve loans within prescribed guidelines
▪
▪
1322
1386
1365
1348
110
160
66
3
4
Branch Network as of
1182
893
547
436
256
Mar'06 Mar'08 Mar'11 Mar'14 Mar'17 Mar'20 Mar'23 Mar'25 Mar'26
Delhi
Jaipur
Lucknow
Thane
Kolkata
Chennai
Hyderabad
21
32
1
26
2
38
14
26
3
46
1
7
22
78
1
136
31
65
49
36
13%
14%
17%
12%
12%
2
1
18%
14%
107
46
1
63
49
64
57
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Diversified Product Portfolio
Vehicle Financing Loans for auto and utility vehicles, tractors, cars, commercial vehicles and construction equipments
Pre-Owned Vehicles Loans for pre-owned cars, multi-utility vehicles, tractors and commercial vehicles
SME Financing Loans for varied purposes like project finance, equipment finance and working capital finance
Personal Loans Offers personal loans typically for weddings, children’s education, medical treatment and working capital
Mutual Fund Distribution Advises clients on investing money through AMFI certified professionals
Insurance Distribution Insurance solutions to our retail customers through Corporate Agency License
Housing Finance Loans for buying, renovating, extending and improving homes in rural and semi-urban India through our subsidiary MRHFL
Mutual Fund & AMC Asset Management Company/ Investment Manager to ‘Mahindra Manulife Mutual Fund’,
Insurance Broking Insurance solutions to retail customers as well as corporations through our subsidiary MIBL
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Credit Rating
India Ratings
Outlook
Long term Issuer Rating; Bank Facility; Non-Convertible Debenture (incl. MLD) and Subordinated debt; Fixed Deposit
IND AAA IND PP-MLD AAA
Short term Bank Facility & Commercial Paper
Long term Bank Facility; Non-Convertible Debenture and Subordinated debt; Fixed Deposit
Short term Bank Facility & Commercial Paper
IND A1+
CRISIL
CRISIL AAA
CRISIL A1+
CARE Ratings
Long term Non-Convertible Debenture and Subordinated debt
CARE AAA
Long term Subordinated debt
Brickwork
BWR AAA
Stable
-
Outlook
Stable
-
Outlook
Stable
Outlook
Stable
Our strong credit rating and brand equity enables us to borrow funds at competitive rates
56
Providing Financial Solutions to Bharat
Executive Summary
Financial Information
Subsidiary Financials
Company Overview
ESG & CSR
“Dhan Samvaad” - CSR Flagship Program
>2,77,100
84%
80%
38%
Individuals Trained
Adoption of Digi Locker Application
Linkages with Social Securities schemes
Women participants
o Launched Dhan Samvaad for “Financial & Digital Literacy”, to impact 1 Mn individuals by 2030
o Aligned with the Reserve Bank of India’s Financial Literacy Vision 2025 and national priorities such as Viksit Bharat, NITI Aayog initiatives, and the Digital India Mission, Dhan Samvaad was Launched to train underprivileged communities on financial planning, importance of saving, investment, insurance, online banking, safeguard from digital frauds, borrow responsibly and enroll them for DigiLocker app & various social welfare schemes.
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CSR Impact
>4,400
>84,000
20,000
1,270
Awarded scholarship to underprivileged children ensuring uninterrupted education and future opportunities
Women Skilled through Mahindra Pride program on domains such as IT / ITES, retail, hospitality, BFSI and other sectors.
Underprivileged girl students educated under the Nanhi Kali Program
Trainees trained for ITES-BPO at SMART Centers with placement support
Constructed 10 rainwater harvesting structures, & 1 farm pond is in progress to conserve 1.13 crore liters of rainwater annually, directly supporting 2,500 villagers
Planted 14,500 saplings across 95 farmers’ lands in three villages to enhanced carbon sequestration, improved soil health, and increased local biodiversity.
Employees were encouraged to actively engage in community-focused CSR initiatives, with over 18,300 employees ( 80%) contributing more than 68,000 person-hours
59 59
Recognition FY2026
Mahindra Finance has won the Significant Achievement in Domain Excellence by CII-ITC Sustainability Awards 2025
Mahindra Finance honoured with “Best Financial Inclusion Initiative" awards at the prestigious DNA Awards 2025
Mahindra Finance has won the Gold Award for Environmental Sustainability and Silver Award for Education & Skills Development and by ACEF Asian Business Leaders Award 2025
60 60
Recognition FY2026
Silver Shield in Category of Financial Services Sector (including NBFC other than Banking and Insurance) at the prestigious ICAI Awards for Excellence in Financial Reporting 2024-25.
BW Businessworld Certificates Rank 4
61 61
Providing Financial Solutions to Bharat
Thank You