Running to the school bus to get the first seat , Running to the Ration shop and be first in the line during the growing days immediately comes to mind when you talk of racing. All about being competitive and winning #IndiaLovesAGoodRace
MRHFL a unique Rural Housing business with high returns & huge social impact built from scratch now manages approx 7000crores AUM with close to 1million customers. Anuj retired handing over the company to Rajnish Great business Anuj Tku very much for your contribution @mehranuj
Raul Rebello Joins the Mahindra Finance Core team as COO to take the company to greater heights. With his vast Rural, Digital and Banking experience I am confident we as a Team will work towards capitalising on the huge emerging opportunities. @anishshah21
Pain seen in our results is a reflection of pain our customers in Rural India went thru in 1st qtr. Earn&Pay segment worst hit.We partnered our customers in tough times.They will emerge victorious soon and make us a winner. Sure they will bounce back so will we too.
Rural worst hit in this wave of pandemic Confident they will bounce back quickly. Any disruption almost immediately slows down rural activities & economy but they bounce back with same speed.Good Agri Cash flow & with infra opening up expecting post Aug to be extremely Good.
Very Sad to hear the passing away of MrJagdish Khattar Ever willing to guide was his leadership style Man who gave us an opportunity to enter Maruti Financing. Talked to me recently of his dream to provide Bicycle to villagers so that they drive to place of work&earn better. RIP.
On the auspicious occasion of Republic Day feel extremely pleased to announce strategic tie up of @mahindraFin&@CSCegov_It was a honour to launch the MMFSL EMI cash coll in CSC along with @dintya15 MD CSC. Initiative will transform Rural India.
Co Lending announced by RBI will help widen customer base and help customers get well designed products. Big Thank You to RBI.
Our Rights Issue closed successfully Generating Total Demand exceeding 4000 crores against issue size of 3000 crores. Want to Thank All our Investors for their full support & Confidence. All set to Embark on the emerging Rural Opportunity.@anandmahindra
Our Rights Issue closed successfully Genarting Total demand exceeding 4000crores against issue size of 3089 crores. Want to Thank All our Investors for their full support & Confidence.All set to embark on the emerging rural opportunity.
Mahindra Finance welcomes @rohitpandharkar.A former MIT Grad will lead AI driven lending strategy. MMFSL with rich 25 years of Rural Data & Vast knowledge will launch multiple tailor made products.Rohit will also help data analysed recovery strategy.@anandmahindra @anishshah21
Feel Extremly Proud to Lead a Team to have made Financial Services Sector a Great Place to Work. MIBL Ranked 10th MRHFL Ranked 19th & MMFSL Ranked 25th. A Big Thank You to all Employees.
Feel Encouraged after interacting with FM and Secretary ( FS) Very Open Minded and receptive meeting. Great support will reach MSME once some of the suggestions given are considered and Clarification offered to doubts raised.
Good Harvest followed by Forecast of a Good Monsoon leading to another Good season. Rural Infra to open up. With Farm & Infra Cash flow expected to improve will drive the rural turnaround story. MMFSL all set to capitalise.
Extremely Excited to note 85% of Branches functional and Executives already on field. Customer foot fall increasing daily registering increasing business & collections. MMFSL directly linked to Rural prosperity.
Demand picking up and sentiments turning positive in Rural India. NBFCs with deeper penetration can lead the turnaround story in Rural. Need of the hour is sufficient liquidity support with matching period.
TKU for Moratorium however one time restructuring would have helped better. Customers ask for revised EMI size, Extended Period,Temporary postponement etc Customers could have been given tailor made solution thru restructuring.
We definitely see Rural India turn around. Our 900 branches opened with dedicated employees serving the customers & Dealers. Tractor business and collections showing upswing.Expecting other vehicle demand to pickup.Sentiments & confidence returning .Tku Team MMFSL.
Thank You FM Providing Liquidity & Guarantee Support To NBFCs who Lend to MSME will go a long way to kick start the Sector. Given June Sept would be monsoon for better utilisation Scheme will need extension to March 21.Eagerly awaiting other announcements.