We were incorporated on January 1, 1991 as Maxi Motors Financial 
 Services Limited and received certificate of commencement of business
  on February 19, 1991. The name was changed to Mahindra & Mahindra 
 Financial Services Limited on November 3, 1992. We are registered
 with  the RBI as an NBFC with effect from September 4, 1998 under
 Section 45IA of the Reserve Bank of India Act 1934.
 
 Key Events in our business history
 
 Calendar Year    Event
 
 1993                  Commenced financing of M&M UVs
 1995                  First branch opened outside Mumbai, at Jaipur
 1996                  Commenced financing M&M dealers for purchase of
 tractors
 1998                  Launched pilot project for retail tractor
 financing
 1999                  Commenced tractor retail financing in rural and
 semi-urban areas
 2001                  Total Assets crossed Rs. 10 billion
 2002                  Commenced financing of non-M&M vehicles
                           Received Tier II debt from International
 Finance Corporation
                           Our first securitisation transaction of Rs.
 434.8 million
 2004                  Long term credit rating of AA+/Stable
                           Branch opened in Port Blair
                           Listing of non convertible debentures on
 BSE on the wholesale 
                             debt market segment
                           Securitisation of tractor assets of Rs.
 256.6 million
 2005                  Tie-up with HPCL
                           MIBL became our wholly owned subsidiary
                           Commenced distribution of third party
 mutual funds
 
 2006
 
 -Following a successful IPO, subscribed nearly 27 times more,
 Mahindra & Mahindra Financial Services Ltd (MMFSL) priced its shares
 at Rs 200 each. The original price band for the issue of two crore
 shares of Rs 10 each, for cash at a premium decided through the
 book-built process, had been fixed at Rs 170-200 a share.
 
 -Mahindra & Mahindra Financial Services Limited has informed that Mr.
 Narayan Shankar has ceased to be the Company Secretary of the company
 with effect from October 26,2006. Ms. Angarika Baviskar would
 continue to hold the post of Deputy Company Secretary and Compliance
 Officer of the company.
 
 -Tied up with Maruti Udyog Limited.
 -Reached a new benchmark with 400 branches.
 
 2007
 -Commenced Home Loans Business through our subsidiary Mahindra Rural
 Housing Finance Limited.
 
 2008
 -Received 12.5% equity participation from NHB for our Subsidiary
 Mahindra Rural Housing Finance Ltd.
 -Preferential allotement of shares to Standard Chartered Private
 Equity Ltd. & TPG Axon Private Equity Ltd.
 
 2009
 -Commenced Fixed Deposits Program.
 
 2010
 
 - More than 2 lakh new customer contracts in a financial year for the
 first time.
 
 - Branch network crosses 550 branches.
 
 
 2011
 
 - Maiden QIP Issue.
 
 - Joint Venture with Rabobank subsidiary for tractor financing in
 USA.
 
 2012
 
 - Mahindra Finance wins the inaugural Porter Prize in the category of
  Creating Distinctive Value.
 
 - Mahindra Finance are first runners up at CNBC TV18 Best Bank &
 Financial Institution awards.
 
 - Ranked 9th in the prestigious Dun & Bradstreet's India's Top 500
 Companies 2011(released on 1st June, 2012), based on the total income
 in the FIs/ NBFCs/ Financial Services Sector.
 
 2013
 -Company has splits its Face value of Shares from Rs 10 to Rs 2