About MAS Financial Services Ltd 
MAS Financial Services Ltd
Small Cap
Finance/NBFC
MAS Financial Services Limited is a Gujarat-headquartered NBFC with more than two decades of business operations. The Company operates out of Ahmedabad and specialises in providing retail financing services to the lower and middle-income groups of society. The Company offers financial services for Micro Enterprises Loans, SME Loans, Home Loans, Two Wheeler Loans, Used Car Loans, Salaried Personal Loan, Housing Loans and Commercial Vehicle Loans to satisfy their varied needs.
Company Coordinates 
Company Details
6 Narayan Chambers Ground Flr, Behind PatangHotel Ashram Road Ahmedabad Gujarat : 380009
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai
Capital Structure 
Present Equity Capital
INR 181.45 Cr
Number of Shares
18.15 Cr
Face Value
INR 10.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
21-Jun-2024
18.15
181.45
17467248
10
Qualified Institutional Placement
22-Feb-2024
16.4
163.99
109324086
10
Bonus Issue
18-Oct-2017
5.47
54.66
5092829
10
Public Issues
12-Sep-2017
4.57
45.73
1739865
10
Conversion of Preference Shares
12-Sep-2017
4.7
47.01
1280723
10
Conversion of Preference Shares
12-Sep-2017
4.71
47.10
87716
10
Conversion of Preference Shares
12-Sep-2017
4.96
49.57
2470175
10
Conversion of Preference Shares
19-Apr-2017
4.4
43.99
1034553
10
Allotment of Equity To Others
30-Mar-2017
4.3
42.96
2955869
10
Allotment of Equity To Others
18-Nov-2016
4
40.00
24000188
10
Bonus
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
None
Mutual Funds
Held by 6 Schemes (12.75%)
FIIs
Held by 79 FIIs (3.01%)
Promoter with highest holding
Shweta Kamlesh Gandhi (27.01%)
Highest Public shareholder
Business Excellence Trust Iii - India Business Excellence Fund Iii (6.69%)
Individual Investors Holdings
7.86%
Management
Designation
Remuneration
KAMLESH CHIMANLAL GANDHI
Chairman & Managing Director
5.08 cr
Darshana Saumil Pandya
Director & Chief Executive Off
66.53 lacs
BALABHASKARAN
Independent Director
3.25 lacs
CHETAN RAMNIKLAL SHAH
Independent Director
2.55 lacs
Umesh Rajanikant Shah
Independent Director
2.25 lacs
Riddhi Bhaveshbhai Bhayani
Company Sec. & Compli. Officer
0
Daksha Niranjan Shah
Independent Director
1.2 lacs
NARAYANAN SADANANDAN
Independent Director
0
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
No Data Available for Raw Material Segmentation
No Data Available
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
Interest
464.52
81.16%
Gain on Assignment of Financial Assets
94.14
16.45%
Fees and Commission Income
13.67
2.39%
Interest
Interest
Gain on Assignment of Financial Assets
Gain on Assignment of Financial Assets
Fees and Commission Income
Fees and Commission Income
Revenue and Profits:
Net Sales:
410 Cr
(Quarterly Results - Dec 2024)
Net Profit:
79 Cr
Finance/NBFC
INR 4,696 Cr (Small Cap)
16.00
20
0.59%
3.38
11.63%
1.92