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
Locked
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Website
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Social
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- Legal Name Mas Financial Services Ltd.
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Annual Revenue
$187.28 M (USD)24.23as on Mar 31, 2025
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Net Profit
$36.29 M (USD)23.63as on Mar 31, 2025
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EBITDA
$155.79 M (USD)22.27as on Mar 31, 2025
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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.
People of Mas Financial Services
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on growth equities
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Alternative asset management and investment services in India.
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Investor details for Mas Financial Services
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Investments & Acquisitions by Mas Financial Services
Investment portfolio details for Mas Financial Services
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Financial Statements - Mas Financial Services
Detailed financials for Mas Financial Services
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Mas Financial Services Comparisons
Peer comparison for Mas Financial Services
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer and SME loans are provided by Manappuram Finance.
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Diversified lending services are provided as a non-banking financial institution.
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Financial solutions including loans and insurance are offered.
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Online gold, home, personal, and business loans are provided.
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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Consumer and SME loans are provided by Mahindra Finance.
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Detailed competitors of Mas Financial Services
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Latest news on Mas Financial Services
Complete news archive for Mas Financial Services
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Frequently Asked Questions about Mas Financial Services
Mas Financial Services was founded in 1988 and raised its 1st funding round 18 years after it was founded.
Mas Financial Services is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Darshana Pandya is the current CEO of Mas Financial Services.
Mas Financial Services is a funded company, having raised a total of $24.4M across 5 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Mas Financial Services is 1,760.
Annual revenue of Mas Financial Services is $187.28M as on Mar 31, 2025.
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.
Mas Financial Services's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Yes, Mas Financial Services is publicly traded on NSE under the ticker symbol MASFIN.
Mas Financial Services has 4 investors. Key investors include FMO, ICICI Venture, DEG, and unknown.
The ticker symbol of Mas Financial Services is MASFIN on NSE.
The valuation of Mas Financial Services is $109.74M as of May 2016.