Mas Financial Services Ltd. Company History and Annual Growth Details

The Company was incorporated as ÂMAS Financial Services LimitedÂ, a public limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat (Dadra & Nagar Haveli) on May 25, 1995 at Ahmedabad. Our Company received a certificate for commencement of business on May 29, 1995 from the Assistant Registrar of Companies, Gujarat (Dadra & Nagar Haveli).

Our Company was initially registered as a Category A (public deposit taking) NBFC pursuant to a certificate of registration (bearing registration number 01.00241) dated May 8, 1998, issued by the RBI. Subsequently, upon conversion of our Company to a Category B (non-public deposit taking) NBFC, our Company received a certificate of registration (bearing registration number B-01-00241) dated January 15, 2007, issued by the RBI.

Major events and milestones

1995

- Incorporation of our Company

1998

- Registered as a public deposit taking non-banking financial company with the RBI

2006

- Received investment from Bellwether Microfinance Trust

- Incorporation of MAS Rural Housing & Mortgage Finance Limited, our Subsidiary

2007

- Registered as a non-public deposit taking non-banking financial company with the RBI

2008

- Received investment from FMO

- Received investment from ICICI Venture Fund Management Company Limited

2010

- Developed and implemented customised Enterprise Resource Planning system called ÂMASEXÂ

2012

- Received investment from DEG

2013

- AUM crossed Rs.10,000 million

2014

- Sarva Capital, then known as Lok Capital II LLC, purchased 21,735,545 compulsorily convertible cumulative preference shares of our Company from FMO

2015

- AUM crossed Rs. 20,000 million

- NCDs issued by our Company listed on BSE Limited

2016

- India Ratings & Research upgraded the rating of our bank loans to ÂInd AÂ, with stable outlook.

2017

- AUM crossed Rs.30,000 million

2021
-MAS Financial announces strategic partnership with Bank of Maharashtra for MSME loan.
-MasÂ Financial Services Partners With Credavenue For Co-Lending Platform.
-Bank Of India Ties-Up With Mas Financial Services For Co-Lending.

2022
-MasÂ Financial'S ServicesTie Up with Arya. Ag to Offer Agri Finance To Small Farmers & Fpos.
-Mas Financial'S Announces Strategic Partnership With Bank Of Maharashtra For Msme Loan.
-Loantap Announces Partnership With Arkafincap Ltd. AndÂ MasÂ Financial'S Services For New Digital Lending Models.

2024

-The Company has issued Bonus Shares in the Ratio of 2:1.

-The Company Informed about acquisition of Equity Shares in MAS Rural Housing and Mortgage Finance Limited,

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