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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 ₹ 5,748 crores as of July 29, 2026.
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
Executive Director & CEO
Mr. Dhvanil Gandhi
Executive Director
ISB Alumnus
Bonds issued by MAS Financial Services Limited
Financial Performance
| Particulars | FY26 (₹ in cr) | FY25 (₹ in cr) | FY24 (₹ in cr) |
|---|---|---|---|
| NET WORTH | 2952.63 | 2585.80 | 1768.96 |
| REVENUE | 1900.33 | 1520.45 | 1229.28 |
| PAT | 363.65 | 305.93 | 247.75 |
| CRAR% | 22.84 | 24.72 | 24.05 |
| GNPA% | 2.57 | 2.44 | 2.25 |
| NNPA% | 1.70 | 1.62 | 1.15 |
| GEARING (times) | 3.31 | 3.37 | 4.00 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CARE Ratings | AA- | Stable | as on 26th June, 2026 |
Top Lenders to MAS Financial Services Limited
SBI
SIDBI
Bank of Baroda
Union Bank of India
Canara Bank
IndusInd Bank
Indian 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
Moderate asset quality parameters; supported by a demonstrated track record
Stable earnings profile
Weakness
Moderately concentrated customer profile and geographical diversification
Exposure to relatively riskier segments
Important Links
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Headline
Published On
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Analyst/Investor Meet Para A-XBRL. Filed on 10-Aug-2026 18:44:02.
Announcements
10 Aug, 2026 06:44 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates. Filed on 10-Aug-2026 18:42:57.
Announcements
10 Aug, 2026 06:42 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Copy of Newspaper Publication. Filed on 10-Aug-2026 11:54:11.
Announcements
10 Aug, 2026 11:54 AM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Analyst/Investor Meet Para A-XBRL. Filed on 05-Aug-2026 20:04:16.
Announcements
05 Aug, 2026 08:04 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates. Filed on 05-Aug-2026 20:00:14.
Announcements
05 Aug, 2026 08:00 PM
Market News New
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Source:
Investors Presentation, Information Memorandum & Rating Rationale of MAS Financial Services Limited
