RR Investors

* - Senior Citizens will get an additional rate of 0.25% per annum

# - Interest payment half-yearly on 30th September and 31st March.

^ - Interest payable through electronic clearing service (ECS) only

** Compounded Annualy

  • It has a AA+ rating from CRISIL indicating High Safety.


  • Mahindra Finance is one of India’s leading non-banking finance companies focused on the rural and semi-urban areas providing finance for the acquisition of utility vehicles, tractors and cars.


  • It also has one of the largest networks among NBFC’s and over 450 branches all across India.


  • Mahindra Finance is a subsidiary of M&M, a leading tractor and UV manufacturer with over 60 years of experience in the Indian market.


  • The Company is presently engaged in leasing, hire purchase and loan, financing of plant and machinery, vehicles and equipment, bills discounting, corporate finance, and related financial services.
Some brief financials of Mahindra Finance are given below :
(Rs. in Lakhs)

YEAR ENDED

PROFIT BEFORE DEPRECIATION AND TAX

PROFIT BEFOR TAX

PROFIT AFTER TAX

DIVIDED ON EQUITY SHARES

2005 – 06

16654.11

16215.44

10827.24

35 %

2006 - 07

20932.36

20274.01

13288.34

40 %

2007 – 08

27951.06

27198.80

17702.40

45 %


Mahindra Finance has launched a Fixed Deposit Scheme and will be accepting fixed deposits from public from January 2009. The brief details of the FD scheme are as below: -

Non Cumulative Half-Yearly Scheme:

Minimum
Amount

Period
(Months)

Interest *#^
p.a.

Rs. 25,000

12

8.75%

24

9.25%

36

9.75%


Cumulative Scheme:

Minimum
Amount

Period
(Months)

Amount
Payable

Interest*
p.a.

Effective **
Yield p. a.

Rs. 10,000

12

Rs. 10,900

9.00%

9.00%

18

Rs. 11,430

9.25%

9.53%

24

Rs. 11,990

9.50%

9.95%

36

Rs. 13,310

10.0%

11.03%

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