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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 ₹ 5,303 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
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Headline
Published On
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Alteration Of Capital and Fund Raising-XBRL. Filed on 30-Jun-2026 12:52:07.
Announcements
30 Jun, 2026 12:52 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Allotment of Securities. Filed on 30-Jun-2026 10:54:10.
Announcements
30 Jun, 2026 10:54 AM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Credit Rating. Filed on 29-Jun-2026 19:38:53.
Announcements
29 Jun, 2026 07:38 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Trading Window-XBRL. Filed on 26-Jun-2026 19:05:37.
Announcements
26 Jun, 2026 07:05 PM
MAS FINANCIAL SERVICES LIMITED has informed the Exchange regarding Trading Window. Filed on 26-Jun-2026 19:02:00.
Announcements
26 Jun, 2026 07:02 PM
Market News New
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Source:
Investors Presentation, Information Memorandum & Rating Rationale of MAS Financial Services Limited
