In a strategic move aimed at reinforcing its leadership team, Mahindra Finance, one of India’s foremost non-banking financial companies, has announced two significant appointments. Bijoy Thaplial has been appointed Chief Business Officer – Leasing, Partnerships, and Payments, while Mod Narayan Singh has been named Chief Compliance Officer (CCO). These changes are set to drive innovation […]
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a prominent figure in India’s Non-Banking Finance sector, has obtained a pivotal corporate agency license from the Insurance Regulatory and Development Authority of India (IRDAI). This license marks a significant expansion in Mahindra Finance’s ability to offer customized insurance plans, further enhancing its customer-centric approach. Enhanced Service […]
Mahindra & Mahindra Financial Services Limited (MMFSL or Mahindra Financial), a non-banking finance company in India and part of the Mahindra Group, announced a strategic partnership with software products company Nucleus Software. The partnership aims to strengthen Mahindra Financial’s scalability and improve employee experiences by leveraging Nucleus Software’s flagship product, FinnOne Neo. Raul Rebello — […]
Mahindra & Mahindra Financial Services Limited (MMFSL or Mahindra Finance) has launched ‘Used Car Digi Loans’, a specialized end-to-end digital journey, in partnership with Mahindra First Choice Wheels’ Car&Bike and CarDekho’s Rupyy. According to the Mahindra Group company, the new integrated journey will enable users to obtain loan deals tailored to their needs through Mahindra […]
Mahindra & Mahindra Financial Services (Mahindra Finance) has registered a profit after tax (PAT) of INR 664 crores during the third quarter of the fiscal year 2023 (FY 2023 Q3), a decrease of 33% compared to a profit after tax of INR 992 crores during the corresponding quarter in the previous fiscal year. For the […]
Mahindra & Mahindra Financial Services (Mahindra Finance) has reported a profit after tax (PAT) of INR 601 crores for the fourth quarter of the fiscal year 2021-2022 (Q4FY22), a 300% increase compared to INR 150 crores in the same quarter of the previous fiscal year. The total income of the Indian financial services provider was […]
DLL, a financial solutions provider owned by Rabobank Group, has signed an agreement with Mahindra & Mahindra Financial Services Limited (MMFSL) to extend their long-standing joint venture in the US. The joint venture dubbed Mahindra Finance USA provides retail and wholesale financing in the US for Mahindra Ag North America (MAgNA), which is engaged in […]
Maruti Suzuki India has entered into a partnership with car subscription and leasing platform Quiklyz by Mahindra Finance for its Maruti Suzuki Subscribe program. As per the terms, Quiklyz will provide a white plate subscription for Maruti Suzuki vehicles. Turra Mohammed — SVP and Business Head of Quiklyz said: “Car subscription is gaining pace as […]
