Mahindra & Mahindra
Finance Ltd – Fixed Deposit
CRISIL Rating
- FAAA which indicates a high level of safety.
Period
|
Interest
Rate
|
12Month
|
9.50%
|
18Month
|
10.00%
|
24Month
|
10.25%
|
36Month
|
10.50%
|
Scheme Highlights:
↗ 0.25% extra incentive
for senior citizen and employee.
↗ Min inv amt
is Rs10000 under cumulative option, Rs25000 under quarterly Non
cumulative and Rs50,000 under half yearly non cumulative
option.
Company Profile:
1.
Mahindra and
Mahindra Financial Services Limited is one of India’s leading non-banking
finance companies.
2.
Since 1945,
we, at the Mahindra Group, have remained and will continue to remain partners in
the progress of rural India, through both growth and turbulence.
3.
Given loans
to over 10,00,000 customers belonging to the low income groups have proved to be
a catalyst in helping rural India surge ahead in a big way.
4.
Currently
provide employment to over 6200 people who belong to the areas in which we
serve, ensuring that our employees truly understand their customers.
5.
The Company
is listed on BSE & NSE is Rs.617 as on 24-June-2011.
6.
Market
Capitalization is Rs.6419.40cr as on 24 – June-2011.
7.
Companies
profit grown from Rs.162cr in financial year 2007 to Rs.520cr in
financial year 2011.
8.
Company’s
sale has grown from Rs.829cr in financial year 2007 to Rs.1973cr in
financial year 2011.
9.
The company
has consistent dividend paying track record.
10. The MMFSL Fixed
deposit is given the Crisil rating FAAA which indicates a high level
of safety.
Promoter:
For over five decades, Keshub Mahindra has enabled Mahindra and its people to rise. He joined Mahindra & Mahindra in 1947 and became Chairman in 1963. He continues to be involved with the day-to-day activities of the company today and has literally been the backbone of the company.
For over five decades, Keshub Mahindra has enabled Mahindra and its people to rise. He joined Mahindra & Mahindra in 1947 and became Chairman in 1963. He continues to be involved with the day-to-day activities of the company today and has literally been the backbone of the company.
Anand Mahindra
started off at Mahindra
in 1981 when he joined Mahindra Ugine Steel Co (MUSCO), a major
producer of specialty steels, as Executive Assistant to the Finance
Director. In 1989, he was appointed President and Deputy Managing Director
of the company.
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