MAS Financial Services

In 1995, Kamlesh Gandhi and Mukesh Gandhi embarked on a mission to provide financial services to those often overlooked by traditional banks. They founded MAS Financial Services, a non-banking financial company (NBFC) with a focus on India's lower and middle-income individuals and micro, small, and medium enterprises. The company started by offering loans for two-wheelers and expanded its portfolio over time. Their core business model centered on a B2B2C approach, partnering with a vast network of other financial institutions to reach customers in rural and semi-urban areas. This strategy allowed them to manage risk effectively while scaling their reach across the country, financing everything from homes and commercial vehicles to business machinery. A pivotal moment in their journey came in October 2017 when MAS Financial Services launched its Initial Public Offering (IPO). The offering was a success, getting subscribed over 128 times and demonstrating strong investor confidence in their business model and the underserved market they catered to. This event marked a significant milestone, providing the capital needed to further expand their loan book and solidify their position in the Indian financial landscape. Today, the company continues on its path of providing 'last-mile' credit delivery to a crucial segment of the Indian economy.