About Mas Financial Services
Mas Financial Services is a company based in Ahmedabad (India) founded in 1988 by Kamlesh Gandhi.. Mas Financial Services has raised $24.4 million across 5 funding rounds from investors including FMO, ICICI Venture and DEG. The company has 1,760 employees as of March 31, 2024. Mas Financial Services operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
- Headquarter Ahmedabad, India
- Employees 1760 as on 31 Mar, 2024
- Founders Kamlesh Gandhi
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mas Financial Services Ltd.
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Annual Revenue
$186.92 M (USD)24.23as on Mar 31, 2024
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Net Profit
$36.21 M (USD)23.63as on Mar 31, 2024
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EBITDA
$155.49 M (USD)22.27as on Mar 31, 2024
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Total Equity Funding
$24.4 M (USD)
in 5 rounds
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Latest Funding Round
$59.83 M (USD), Post-IPO
Jun 24, 2024
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Investors
FMO
& 3 more
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Employee Count
1760
as on Mar 31, 2024
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IPO & Listings of Mas Financial Services
Mas Financial Services is a publicly listed company on the NSE with ticker symbol MASFIN in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Mas Financial Services
Mas Financial Services has successfully raised a total of $24.4M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $59.83 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $59.8M
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First Round
First Round
(17 Aug 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Post-IPO - Mas Financial Services | Valuation |
investors |
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| May, 2016 | Amount | Angel Round - Mas Financial Services | Valuation |
investors |
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| Aug, 2012 | Amount | Series C - Mas Financial Services | Valuation | DEG |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mas Financial Services
Mas Financial Services has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include FMO, ICICI Venture and DEG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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Alternative asset management and investment services in India.
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mas Financial Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Mas Financial Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mas Financial Services Comparisons
Competitors of Mas Financial Services
Mas Financial Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
|
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Mahindra Finance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mas Financial Services
Frequently Asked Questions about Mas Financial Services
When was Mas Financial Services founded?
Mas Financial Services was founded in 1988 and raised its 1st funding round 18 years after it was founded.
Where is Mas Financial Services located?
Mas Financial Services is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Mas Financial Services?
Darshana Pandya is the current CEO of Mas Financial Services.
Is Mas Financial Services a funded company?
Mas Financial Services is a funded company, having raised a total of $24.4M across 5 funding rounds to date. The company's 1st funding round was a Series C of $12.3M, raised on Aug 17, 2006.
How many employees does Mas Financial Services have?
As of Mar 31, 2024, the latest employee count at Mas Financial Services is 1,760.
What is the annual revenue of Mas Financial Services?
Annual revenue of Mas Financial Services is $186.92M as on Mar 31, 2024.
What does Mas Financial Services do?
Mas Financial Services was founded in 1988 and is headquartered in Ahmedabad, India. Operations focus on the financial sector, where various loan products are offered, including micro enterprise loans, personal loans, and financing for small and medium-sized enterprises. Additional services cover commercial vehicles, two-wheelers, and housing loans. Credit access is extended to diverse customers through a distribution network across the region.
Who are the top competitors of Mas Financial Services?
Mas Financial Services's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Is Mas Financial Services publicly traded?
Yes, Mas Financial Services is publicly traded on NSE under the ticker symbol MASFIN.
Who are Mas Financial Services's investors?
Mas Financial Services has 4 investors. Key investors include FMO, ICICI Venture, DEG, and unknown.
What is Mas Financial Services's ticker symbol?
The ticker symbol of Mas Financial Services is MASFIN on NSE.
What is Mas Financial Services's valuation?
The valuation of Mas Financial Services is $109.74M as of May 2016.
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