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MAS FINANCIAL SERVICES LIMITED
Sector Focus
Secured MSME
Highest Credit Rating
AA- (Stable) by CARE RATINGS LIMITED
Dec 19, 2024
Yield
10.0333% XIRR
Coupon
9.6000 % p.a
Rating
AA- (Stable)
ISIN
INE348L07241
Maturity Date
23 Dec, 2026
Key Strengths
Equity Infusion by Marquee Investors
In June 2024, the company raised ₹500 crores through a Qualified Institutional Placement (QIP) with participation from renowned investors, including Nippon India Mutual Fund, ICICI Prudential MF, Aditya Birla Sun Life MF, Bandhan MF, Baroda BNP Paribas MF, and White Oak Capital Management
Experienced Promoters
Promoters Mr. Kamlesh Gandhi and Mr. Mukesh Gandhi bring over two decades of expertise in the lending business. Together, they hold approximately 67% of the company’s stake
Adequate Liquidity Comfort
The company maintains a robust liquidity position with a Capital to Risk-Weighted Assets Ratio (CRAR) of 26.5%, well above the RBI’s minimum requirement of 15%. Its asset quality remains stable, with Net NPA (NNPA) consistently between 1.5% and 1.6% from March 2023 to September 2024
Scaling Profitability
MFSL achieved its highest-ever profit of ₹247 crores in FY24 and ₹147 crores in H1 FY25
Diversified Resource Base
The company has established borrowing relationships with over 40 banks, NBFCs, and financial institutions, enabling timely fund-raising at competitive interest rates and providing significant financial flexibility
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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