Mahindra & Mahindra Financial Services Ltd (MMFSL)
Coupon (interest rate) up to 9.50% p.a.
About Mahindra Finance NCD-Debentures
- Mahindra & Mahindra Financial Services Limited (MMFSL) is part of the Mahindra group, which is one of the largest business conglomerates in India.
- MMFSL Company was incorporated on 1 January 1991 under the name of Maxi Motors Financial Services Limited as a public limited company under the provisions of the Companies Act 1956.
- Mahindra & Mahindra Financial Services Limited is one of the leading non-banking finance companies with customers primarily in the rural and semi-urban markets of India. MMFSL is primarily engaged in providing financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles. MMFSL also provides housing finance, manage mutual funds, personal loans, financing to small and medium enterprises, insurance broking and mutual fund distribution services.
- MMFSL has established a pan-India presence, spanning 27 states and five union territories through 1,296 offices as of 30 September 2018. MMFSL caters to the financing needs of retail customers and small and medium-sized enterprises. MMFSL primarily focuses on providing financing for purchases of auto and utility vehicles, tractors, cars, commercial vehicles and construction equipment, pre-owned vehicles, and others which accounted for 26 %, 18 %, 20 %, 13 %, 23% and 9 % of estimated total value of the assets financed by MMFSL, respectively, for the financial year 2018.
- For the half-year ended 30 September 2018, financing for purchases of auto and utility vehicles; tractors; cars; commercial vehicles and construction equipment; and pre-owned vehicles, SME and others accounted for 23%, 18%, 20%, 18% and 21% of estimated total value of the assets financed by the Company, respectively.
- Mahindra & Mahindra, the promoter and the flagship company of the Mahindra group, had a market capitalisation of Rs. 90,600 crore as of 30 September 2018. The Mahindra group has a strong presence in the utility vehicles, tractors, information technology, financial services, aerospace, real estate, and hospitality and logistics sectors.
- In October 2007, MMFSL commenced housing finance business through registered subsidiary, Mahindra Rural Housing Finance Limited (MRHFL). MMFSL hold 89.0% of the outstanding equity shares of MRHFL and on 20 June 2013, Mahindra Asset Management Company Private Limited was incorporated and was appointed as the asset management company of the Mahindra Mutual Fund. The Mahindra Mutual Fund was constituted as a trust and was registered with SEBI.
STRENGTHS
- Knowledge of Rural and Semi-Urban Markets : MMFSL has over 20 years of operating experience primarily in rural and semi-urban markets, which has led to a significant understanding of the local characteristics of these markets and has allowed MMFSL to address the unique needs of its customers. MMFSL has adapted to markets that are affected by the limitations of rural infrastructure and have developed a diversified customer base of farmers, car owners, transport agencies, small businessmen and home owners.
- Extensive Network of Offices : MMFSL operate an extensive network of 1,296 offices spanning across 27 states and 5 union territories, as of 30 September 2018. The reach of MMFSL’s offices allows them to service existing customers and attract new customers as a result of personal relationships cultivated through proximity and frequent interaction by its employees. Geographic diversification of the company also mitigates some of the regional, climatic and cyclical risks, such as heavy monsoons or droughts.
- Streamlined Approval and Administrative Procedures and Effective Use of Technology : MMFSL believe that they benefit from streamlined company-wide approval and administrative procedures that are supplemented by employee training and integrated technology. Local offices are responsible for appraisal, disbursement, collection and delinquency management of loans. Typically, MMFSL approve loans within two business days from receiving the complete loan application. As part of application process, MMFSL also require that the customer provides a guarantor prior to disbursing the funds, a process which they believe acts as a social enforcement mechanism for timely repayment by the customer.
- History of Strong Customer and Dealer Relationships: MMFSL believe that they can benefit from strong relationships with their customers, developed from long-term in-person customer contact, the reach of their office network, local knowledge and continued association with automotive, farm equipment and car dealers. As part of MMFSL’s customer centric approach, it recruits employees locally to increase familiarity with the local customers and area. Company’s close relationship with dealers helps it develop and maintain strong customer relationships.
- Brand Recall and Synergies with the Mahindra Group :M&M, the Promoter and the flagship company of the Mahindra group, has been selling automotive and farm equipment in semi-urban and rural markets for over six decades. The Mahindra group is one of the largest business conglomerates in India and has a strong presence in the utility vehicles, tractors, information technology, financial services, aerospace, real estate, and hospitality and logistics sectors. MMFSL’s relationship with the Mahindra group provides brand recall and the company will continue to derive significant marketing and operational benefits.
- Access to Cost-Effective Funding: MMFSL believe that they are able to access cost-effective borrowings due to strong brand equity, stable credit history, superior credit ratings and conservative risk management policies. Historically, MMFSL has secured cost- effective funding from a variety of sources. The company maintains borrowing relationships with several banks, mutual funds and insurance companies. For the period ended 30 September 2018 and the financial year 2018, Company’s average annualised interest cost of borrowed funds was 8.2% and 8.1%, respectively.
- Experienced Management Team :MMFSL has an experienced management team, which is supported by a capable and motivated pool of employees. Senior managers have diverse experience in various financial services and functions related to business. Senior managers have an in-depth understanding of the specific industry, products and geographic regions they cover, which enables them to appropriately support and provide guidance to their employees.
Mahindra Finance Ltd latest NCD/Series Details Interest Rates (%)
NCD/Series Details
| Issuer |
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED |
| Issuer |
Base Issue Size ₹ 500 Crore, With an Option to retain over subscription up to ₹ 3000 Crs, Aggregating Up to ₹ 3500 Crs |
| Rating |
“CARE AAA: Stable” by CARE and “IND AAA: Stable” by India Ratings |
| Issue Opens |
January 4, 2019 |
| Issue Closes |
January 25, 2019 |
| Issue Price |
₹ 1000 per NCD |
| Minimum Application |
₹ 10,000 (10 NCD) |
| Mode of Allotment & Trading |
Compulsorily in DEMAT form. |
| Listing |
The NCDs are proposed to be listed on BSE. |
- SPECIFIC TERMS FOR EACH SERIES OF NCDs
| Series |
I |
II |
III |
IV |
| Frequency of Interest Payment |
Annual |
Annual |
Annual |
Annual |
| Minimum Application |
Rs. 10,000 (10 NCDs) across all Series collectively |
| In Multiples of thereafter |
Rs. 1,000 (1 NCD) |
| Face Value of NCDs (Rs./ NCD) |
Rs. 1,000 |
| Issue Price (Rs./ NCD) |
Rs. 1,000 |
| Mode of Interest Payment |
Through various options available |
| Tenor |
39 months |
60 months |
96 months |
120 months |
| Coupon (%) for NCD Holders in Category I and Category II |
9.00 |
9.10 |
9.20 |
9.35 |
| Coupon (%) for NCD holders in Category III and Category IV |
9.05 |
9.15 |
9.30 |
9.50 |
| Effective Yield (per annum) for NCD holders in Category I & II |
9.02 |
9.12 |
9.21 |
9.35 |
| Effective Yield (per annum) for NCD holders in Category III & IV |
9.07 |
9.17 |
9.31 |
9.50 |
| Put Option |
NA |
NA |
NA |
NA |
| Call Option |
NA |
NA |
NA |
NA |
| Redemption Date (from the Deemed Date of Allotment) |
39 months |
60 months |
96 months |
120 months |
| Nature of Indebtedness |
Secured |
Secured |
Secured |
Secured |
| Redemption Amount (Rs./NCD) |
Rs. 1,000 |
Application Submission Procedure and Form Submission / Collection Centers
Please take print of the Application Form A4 paper size. Click here to download Application form of Mahindra Finance NCD 2019
Attach following document along with the application form : –
1] PAN Card and Demat Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD not require as it is ASBA application
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 2 weeks time form date of allotment.
10] Free Home Service available *
Who can invest in Mahindra Finance Ltd NCD?
The following categories of persons are eligible to apply in the Issue:
Category I (Institutional) 20% of the overall issue size
- Public financial institutions scheduled commercial banks, Indian multilateral and bilateral development financial institution which are authorized to invest in the NCDs; Provident funds, pension funds with a minimum corpus of Rs. 2,500 lakh, superannuation funds and gratuity funds, which are authorized to invest in the NCDs;
- Mutual Funds registered with SEBI;
- Resident Venture Capital Funds/ Alternative Investment Fund registered with SEBI subject to investment conditions applicable to them under Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;
- Insurance Companies registered with IRDA;
- State industrial development corporations;
- Insurance funds set up and managed by the army, navy, or air force of the Union of India;
- Insurance funds set up and managed by the Department of Posts, the Union of India; Systemically Important Non-Banking Financial Company, a nonbanking financial company registered with the Reserve Bank of India and having a net worth of more than Rs. 50,000 lakh as per the last audited financial statements; and
- National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India published in the Gazette of India.
Category II (Non Institutional) 20% of the overall issue size
- Companies within the meaning of section 2(20) of the Companies Act, 2013; Statutory bodies/ corporations and societies registered under the applicable laws in India and authorised to invest in the NCDs;
- Co-operative banks and regional rural banks;
- Public/private charitable/ religious trusts which are authorised to invest in the NCDs;
- Scientific and/or industrial research organisations, which are authorised to invest in the NCDs;
- Partnership firms in the name of the partners;
- Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009);
- Association of Persons; and
- Any other incorporated and/ or unincorporated body of persons.
Category III (HNI) 30% of the overall issue size
- High Net-worth individuals which include Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating to above Rs 10 lacs across all series of NCDs in Issue.
Category IV (Individuals) 30% of the overall issue size
Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating up to and including Rs. 10 Lakh across all series of NCDs in Issue.
Registrar/allotment Status
KARVY FINTECH PRIVATE LIMITED
Karvy Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda,Serilingampally, Hyderabad – 500 032
Tele No.: +91 40 6716 2222; Fax No.: +91 40 2343 1551
email Id: mmfsl.ncdipo3@karvy.com
Website: www.karvyfintech.com
Investor Grievance Id: einward.ris@karvy.com
Click here to check your allotment status
Company Contact Details
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
Registered Office:Gateway Building, Apollo Bunder, Mumbai 400001, Maharashtra
Tel: +91 22 2289 5500; Fax: +91 22 2287 5485
Company Secretary and Compliance Officer:Ms. Arnavaz M. Pardiwalla;
Tel: +91 22 6652 6000Fax: +91 22 2495 3608
E-mail:investorhelpline_mmfsl@mahindra.com
Website:www.mahindrafinance.com
Profits & Dividend of Mahindra & Mahindra Financial Services Ltd.
Profits & Dividend
Mahindra & Mahindra Financial Services Limited (MMFSL) Profits & Dividend (in Lakhs)
| Year ended on 31 March | Profit Before Tax | Profit After Tax | Dividend |
| 2017-18 | 1,37,274.83 | 89,188.43 | 200% |
| 2016-17 | 62,006.83 | 40,023.49 | 120% |
| 2015-16 | 103,818.13 | 67,259.60 | 200% |
| 2014-15 | 125,364.40 | 83,177.59 | 200% |
| 2013-14 | 134,576.84 | 88,722.75 | 190% |
| 2012-13 | 127,919.88 | 88,269.18 | 180% |
Stock Watch / Financial Info
Stock Watch / Financial Info
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– ROORKEE (UTTARAKHAND) Dehradun, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Delhi- Pitampura, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Delhi-Green Park, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Dhanbad, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor ERODE (TAMIL NADU) Coimbatore, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Faridabad, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Ghaziabad – Vasundhara, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor GHAZIABAD (RDC), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor GUNTUR (ANDHRA PRADESH), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Gurugram, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor HALDWANI (UTTRAKHAND), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor HARIDWAR (UTTARAKHAND), ,, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor HOSUR (TAMIL NADU) Chennai, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Hubli, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor HYDERABAD (GACHIBOWLI), ,, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Hyderabad- Lakdikapul, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Hyderabad(Banjara Hills), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor HYDERABAD(KUKATPALLY), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Indore, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor INDORE (VAISHALI NAGAR), ,, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Jaipur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Jaipur – BHILWARA (RAJASTHAN) Jaipur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Jalandhar, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor JAMSHEDPUR, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Jodhpur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor JUNAGADH(GUJARAT), ,, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Kakinada visakhapatnam, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Kanpur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Karnal, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Kolahpur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor KOLKATA (West Bengal), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Kolkata- Purna Das Road, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Kolkatta, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor KOLLAM (Kerala), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor KOTA (RAJASTHAN) Jaipur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor KOTTAYAM (KERALA) Cochin, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor KOZHIKODE (Kerala), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Lucknow, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor lucknow – ALLAHABAD (Lucknow) lucknow, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Ludhiana, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Madurai, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor madurai – Tirunelveli madurai, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor MANGALORE (Karnataka), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Meerut, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Mumbai, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Mumbai – Ghatkopar, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor MUMBAI (Borivali), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor MUMBAI (Kalyan), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Mumbai- Prabhadevi, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor MYSORE (Karnataka), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Nagpur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Nashik, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Navi Mumbai, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor NELLORE (Andhra Pradesh), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor New Delhi, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor NEW DELHI (Janakpuri), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Noida – Sector 18, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Noida – Sector 63, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Odhav, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Panjim, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Panvel, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Patna, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune – JM Road, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune – Pimpri, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune- Kharadi, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune- Kondhwa, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune- Warje, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Pune-Hinjewadi, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Raipur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Rajkot, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Ranchi, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor RANCHI (Jharkhand), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor ROHTAK (HARYANA), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor ROHTAK (HARYANA) Karnal, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor SALEM (Tamil Nadu), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Surat, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Tambaram (Tamil Nadu), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Thane, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Thiruvananthapuram, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Thrissur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Trichy, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor TRICHY (Tamil Nadu), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor TUTICORIN (Tamil Nadu), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Udaipur, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor UJJAIN (MADHYA PRADESH) Indore, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Vadodara, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor VAPI (Gujarat) surat, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Varanasi, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Vijayawada, Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor Virar (West), Mahindra Finance NCD Debenture agents-brokers-advisors-ifa-distributor WARANGAL(TELANGANA) Hyderabad
