ROOTED IN TRUST, RISING WITH INDIA
Dear Stakeholders,
Charles Darwin famously observed that "It's not the strongest of
the species that survives, nor the most intelligent, but the one most responsive to
change."
The past year has witnessed an accelerated rate of change across the
global order. In a world of transition ranging from global geopolitical developments to
tightening financial condition,
India has not just stood strong but has also shown remarkable
resilience. Inflation has eased below 4%, fiscal deficit remains under control, and the
strength of our services, exports and remittances has helped maintain a healthy current
account. These are signs of an economy with deep, structural stability.
A moderation in domestic consumption and government expenditure has led
to more cautious growth forecasts from institutions, including the Reserve Bank of India.
However, when we look closer at the economic indicators, it's clear that India's
long-term growth story remains intact. Non-Banking Financial Company (NBFCs) have been
instrumental in driving this growth at grassroot levels and fostering financial inclusion,
particularly in underserved rural and semi-urban markets.
At Mahindra Finance, we remain optimistic, we believe change brings
opportunity. In addition, with resilience at our core, we are well-positioned to serve the
evolving needs of our customers and communities. It is with great pride and gratitude that
I extend my appreciation to the Mahindra Finance family, our Board of Directors,
leadership team, employees across 1,365 branches, our network of over 6,000 dealers, and
most importantly, our valued customers and shareholders. Your trust and commitment are the
foundation of everything we have accomplished.
Delivering with Discipline and Purpose:
In a year that demanded prudence, we took a measured stance,
prioritising quality, sustainability, and long-term value creation. We continued to expand
thoughtfully, strengthening our presence in existing markets while entering new ones with
clarity and purpose.
Our Assets Under Management (AUM) stood at
~ 1.2 lakh crore at the end of fiscal year and we remain
well-capitalised to support the future growth aspiration. We have fulfilled our commitment
of consistent and stable asset quality with credit cost below the guidance threshold. All
major rating agencies have reaffirmed a AAA/Stable rating for our long-term and
subordinated debt, reflecting our strong financial position and consistent performance.
With a clear emphasis on operational efficiency, we are advancing firmly toward delivering
on our profitability commitment.
At Mahindra Finance, we remain steadfast in our belief that growth must
be underpinned by disciplined risk management and enduring impact. Through strong
governance, robust risk frameworks, and transformative digital initiatives, we are
establishing a resilient and scalable platform – one that embodies trust, dedication,
and purpose while unwaveringly serving Bharat.
Focussed Strategy, Future-Ready Thinking:
Looking ahead, our focus is clear; we are building a company that is
governed by strong values, powered by technology, and driven by operational excellence. We
are embedding digital transformation at the heart of our operations, implementing a
distinctive front-to-back initiative powered by AI and emerging technologies. This
transformative effort is advancing with purpose, enabling us to redefine customer
experience through simplicity and intuitiveness, while keeping us competitive through
reduced delivery times. at Mahindra
In parallel, we are strengthening our governance, controls, and risk
frameworks to ensure we grow responsibly. We believe that decisions made with discipline
today will become the foundation of scalable, sustainable growth tomorrow.
Synergies That Empower Rural India:
At the Mahindra Group, we believe true impact lies in addressing the
diverse and evolving financial needs of our customers across Bharat. Our ecosystem
approach, anchored by Mahindra Finance, Mahindra Insurance Brokers, and Mahindra Rural
Housing
Finance, enables us to offer integrated solutions spanning credit and
insurance. This synergy strengthens our ability to engage with customers across
geographies, support them through different life stages, and deliver financial services
that are accessible, secure, and future-ready.
Investing in People and Culture:
Our people remain our greatest strength. We're actively developing
future-ready leaders who are equipped to thrive in a rapidly changing world. We're
proud that Mahindra Finance continues to be recognised for its governance, transparency,
and service orientation values that are deeply embedded in our DNA.
Driving Positive Change with Purposeful Action:
Beyond business, we are deeply committed to making a meaningful
difference in the communities we serve. Our flagship initiative, Dhan Samvaad, is leading
the way in financial and digital literacy, touching the lives of nearly 2,00,000
individuals, 37% of whom are women. We are empowering women by enabling new livelihood
opportunities through e-rickshaw driver training and skilling them in areas such as
agriculture, tally, and coding through Mahindra Pride. Our Saksham initiative is
supporting students in their educational journeys with scholarships, while the Nanhi Kali
programme continues to champion girl child education, opening doors to brighter futures.
Looking Forward with Optimism:
Today, we see a new India taking shape. This India is where young
people from rural and semi-urban backgrounds are evolving as first-generation
entrepreneurs. They are ambitious, digitally aware, and looking for partners who believe
in their dreams.
At Mahindra Finance, we are committed to being that partner, one who
not only lends, but empowers. One who understands Bharat, believes in its future, and
rises with it.
The journey ahead will require resilience, innovation, and empathy. And
with our purpose as our compass, I amconfident will continue to shape a more inclusive and
prosperous tomorrow.
Thank you for being part of this journey.