Search
<
MAS Financial Services Limited
MAS Financial Services Limited (MFSL) is a RBI-registered non-deposit-taking NBFC headquartered in Ahmedabad, Gujarat. MFSL is a publicly listed company on NSE and BSE, with a market capitalization of approximately ₹ 5,303 crores as of June 01, 2025.
Sector Focus
Secured MSME (NBFC)
Highest Credit Rating
AA- Stable by CARE
Listing (Debt)
BSE
Date of NBFC License by RBI
1995
Business & Products
Lending- Micro & SME Loan, 2 wheeler & CV Loan, Housing Finance Loan, Salaried Person Loan
Promoter
Mr. Mukesh Gandhi
Mr. Kamlesh Gandhi
Key Management Personnel
Mr. Kamlesh Gandhi
Chairman & MD
Ms. Darshana Pandya
Director & CEO
Mr. Dhvanil Gandhi
Director
ISB Alumnus
Bonds issued by MAS Financial Services Limited
Financial Performance
| Particulars | H1 FY26 (₹ in cr) | FY25 (₹ in cr) | FY24 (₹ in cr) |
|---|---|---|---|
| NET WORTH | 2786.71 | 2585.80 | 1768.96 |
| REVENUE | 902.38 | 1520.45 | 1229.28 |
| PAT | 173.60 | 305.93 | 247.75 |
| CRAR% | 24.57 | 24.72 | 24.05 |
| GNPA% | 2.53 | 2.44 | 2.25 |
| NNPA% | 1.69 | 1.62 | 1.15 |
| GEARING (times) | 3.39 | 3.37 | 4.00 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CARE Ratings | AA- | Stable | as on 28th July, 2025 |
Top Lenders to MAS Financial Services Limited
SBI
SIDBI
Bank of Baroda
Union Bank of India
Canara Bank
IndusInd Bank
Indian Bank
HDFC Bank
Punjab National Bank
Strength
Long-standing track record of promoters and experienced senior management team with established credit appraisal systems
Comfortable capitalisation with diversified resource base
Diversified loan portfolio
Comfortable asset quality parameters
Stable financial risk profile
Weakness
Moderately concentrated customer profile and geographical diversification
Exposure to relatively riskier segments
Important Links
Market News
Stay updated with the latest market developments.
Discover company announcements, financial results, board updates, corporate actions, and more — all organized for your Portfolio and custom Watchlists.
Headline
Published On
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Credit Rating. Filed on 01-May-2026 16:49:23.
Announcements
01 May, 2026 04:49 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Copy of Newspaper Publication. Filed on 01-May-2026 11:22:03.
Announcements
01 May, 2026 11:22 AM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates. Filed on 30-Apr-2026 19:10:23.
Announcements
30 Apr, 2026 07:10 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Investor Presentation. Filed on 29-Apr-2026 18:28:00.
Announcements
29 Apr, 2026 06:28 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding General Updates. Filed on 29-Apr-2026 16:37:24.
Announcements
29 Apr, 2026 04:37 PM
Market News New
>
Source:
Investors Presentation, Information Memorandum & Rating Rationale of MAS Financial Services Limited
