MAS Financial Services Ltd.’s Consolidated AUM Crosses the Milestone of Rs. 10,000 Crore During Q3FY24
MAS Financial Services Ltd., a non-banking financial company registered with the Reserve Bank of India, has achieved a significant milestone during the third quarter of the financial year 2023-24. The company’s consolidated assets under management (AUM) have crossed the Rs. 10,000 Crore mark, reaching approximately Rs. 10,225 Crore as of December 31, 2023. This represents a robust year-on-year growth of 27%.
Furthermore, MAS Financial Services Ltd. maintains a healthy liquidity position, with approximately Rs. 800 Crore in liquidity as of the end of December 2023.
To reward its shareholders, the company’s board has declared an interim dividend of 30%, which amounts to Rs. 3.00 per share.
Commenting on this remarkable performance, Mr. Kamlesh Gandhi, the Founder, Chairman, and Managing Director of MAS Financial Services Ltd., expressed his satisfaction and optimism for the future. He stated, This milestone achieved reflects upon the consistent growth of the Company across cycles. We take this opportunity to take fresh guard for our next phase of growth. We trust that the next phase of growth will not only be exciting and successful but also create value for all its stakeholders on a very large scale. Team MAS remains committed to its mission of excellence through endeavors.
Established in 1995, MAS Financial Services Ltd. specializes in providing a wide range of retail finance options. With a focus on catering to the financial needs of lower and middle-income groups, the company offers services such as Micro Enterprises Loans, SME Loans, Home Loans, Two-Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans. Its target market includes both formal and informal sectors, spread across urban, semi-urban, and rural areas.
MAS Financial Services Ltd. has consistently exhibited its dedication to serving the vast lower and middle-income groups within society. This achievement of crossing the Rs. 10,000 Crore AUM milestone only further solidifies its position as a reliable and trustworthy financial institution.
As MAS Financial Services Ltd. looks towards the future, the company remains committed to achieving continued growth, ensuring value creation for all stakeholders, and maintaining its mission of excellence.
With its robust financial performance and commitment to meeting the diverse financial needs of various customer segments, MAS Financial Services Ltd. stands poised to continue its success in the financial services industry.
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