Mahindra & Mahindra Financial Services Limited — Updates, 13-02-2025: Press Release

The Board of Mahindra & Mahindra Financial Services Limited has approved a rights issue to raise up to ₹3,000 Crore, targeting eligible shareholders. This move aims to enhance the company’s Tier 1 capital by over 200 basis points, supporting its growth aspirations in tandem with India’s rising domestic consumption. Over the last 21 months, MMFSL has maintained a robust growth trajectory in its secured asset portfolio with a compound annual growth rate (CAGR) of 21%. The company’s asset quality is reflected by a gross stage three (GS3) ratio remaining below 4% in FY25, with credit costs kept under 2%. With a strong focus on high-quality asset growth, this capital raise positions MMFSL favorably to capitalize on future opportunities, reaffirming a positive outlook for the company.