Mahindra & Mahindra Ltd.

Mahindra and Mahindra Financial Services’ rural housing finance arm aims to increase its loan book up to Rs 1,000 crore by the end of the fiscal. It is doubling the book almost every year and currently it is at around Rs 700 crore right now and it will grow to Rs 900-1,000 crore by end of the fiscal. The company is expected to take the book up to Rs 4,000 crore by end of FY15 as there is good demand for the company’s offering.

MMFSL is a subsidiary of Mahindra & Mahindra (M&M). It provides finance for purchase of utility vehicles (UV), tractors and cars, two/ three-wheeler, refinance, commercial vehicle, construction equipments and home loans.