The MAS Financial Services initial public offering (IPO) opens for subscription today and most brokerages have given a subscribe rating.
In an interview to CNBC-TV18, Kamlesh Gandhi, Founder and CMD, MAS Financial Services spoke about the latest happenings in his company and sector.
Company has been able to understand market and therefore, grow at sustainable growth rate, he said.
Loan growth has been at a compounded annual growth rate (CAGR) of 35 percent in last 20 years, he added.
We give business for development. The ones we fund, should be in the business for two-three years, said Gandhi.
On goods and services tax (GST), he said that this is a massive transformation from unorganised to the organised space. There is definitely a disruption in the market place but it is not so as perceived that the business has come to a standstill.
We have been in position to maintain the portfolio despite of the fact that GST and demonetisation were at place, he further mentioned.For full interview, watch accompanying video...