Ramesh Iyer, VC & MD, Mahindra Finance, takes over as the Chairman of FIDC

Finance Industry Development Council (FIDC) is a Representative Body of Assets and Loan Financing NBFCs

Mahindra Finance and Ideal Finance form NBFI Joint Venture in Sri Lanka

• Mahindra Finance will invest LKR 2 billion until March 2021 for up to 58.2% stake in Ideal Finance.
• The joint venture will capitalize on Mahindra Finance’s 25-year expertise in the financial services domain and Ideal Finance's domestic market knowledge to build a market leading financial services business in Sri Lanka.
• The strategic investment in Ideal Finance is a significant step in Mahindra Finance’s global expansion strategy.

Colombo / Mumbai, August 20, 2019: Mahindra & Mahin

Mahindra Finance and Manulife form Asset Management Joint Venture in India

The 51:49 JV will provide global best practices and processes to Indian retail customers

Mumbai, June 21, 2019: Mahindra & Mahindra Financial Services Limited through its subsidiary, Mahindra Asset Management Company Private Limited has entered into a joint venture with the leading global financial services group, Manulife*. The 51:49 joint venture aims to expand the depth and breadth of fund offerings and retail fund penetration in India.

Mahindra Finance Ranked Among the Best Large Workplaces in Asia 2019 by Great Place to Work®

Mumbai, April 11, 2019: Mahindra Finance, India's leading rural finance company has been recognized as one of the '25 Best Large Workplaces in Asia 2019’, from an exhaustive list of 1200 nominations across the continent. The study was conducted by global research and consulting firm, Great Place to Work®. The company has been ranked 11 among this year’s Best Large Workplaces in Asia. More than 1.6 million employees participated in the survey studies in 8 Asia-region countries where Great Place to Work is represented.

Mahindra & Mahindra Financial Services Limited announces Public Issue of Secured and Unsecured Subordinated Redeemable Non-Convertible Debentures (NCDs)

• NCDs of face value of Rs.1000 each for an amount of Rs. 500 crores ("Base Issue Size")
• Option to retain oversubscription up to Rs. 3,000 crores aggregating up to Rs.3,500 crores ("Tranche I Issue")
• Tranche I Issue offers both secured and unsecured NCDs
• The amount reserved for Secured and Unsecured NCDs is Rs. 2,500 crores and Rs.
  2019-01-03

• IFC invests $25 million in Mahindra Rural Housing Finance for housing loans to rural poor

  August 02, 2018, New Delhi, India: IFC, a member of the World Bank Group, is investing INR 1.6 billion ($25 million) in Mahindra Rural Housing Finance Ltd. (MRHFL), one of the largest finance companies, focused on rural housing. MRHFL will use the proceeds to give loans to low-income borrowers in villages.

  2018-08-02

• Mahindra Finance, the first NBFC globally to be rated at Maturity Level 5 of the People CMM®

  - People-Capability Maturity Model (P-CMM®)’ is an organizational transformation model from the CMMI Institute, USA.
  - CMMI Institute is a global leader in the advancement of best practices in people, process, and technology.
  - An appraisal at maturity level 5 indicates that the organization is performing at an “Optimizing” level.

  2018-03-20