ಮಹಿಂದ್ರಾ ಫೈನಾನ್ಸ್ನಲ್ಲಿ, ನಮ್ಮ ದೂರದೃಷ್ಟಿಯು ಯಾವಾಗಲೂ ಗ್ರಾಹಕರ ಅಗತ್ಯತೆಗಳನ್ನು ಪೂರೈಸುವುದು ನಮ್ಮ ಮುಖ್ಯ ಕೇಂದ್ರೀಕರಣದ ವಿಷಯವಾಗಿದೆ. ನಮ್ಮ ಕುಟುಂಬವನ್ನು ವಿಸ್ತರಿಸಲು ಮತ್ತು ಉನ್ನತ ಸೇವೆಗಳೊಂದಿಗೆ ನೀಡಲಾಗುವ ಪರಿಣತಿಯ ಮೂಲಕ ನಮ್ಮ ಗ್ರಾಹಕರಿಗೆ ಹೆಚ್ಚಿನ ಮೌಲ್ಯವನ್ನು ತಲುಪಿಸಲು ಇದು ನಮಗೆ ಸ್ಫೂರ್ತಿ ನೀಡುತ್ತದೆ. ನಮ್ಮ ಬೆಳೆಯುತ್ತಿರುವ ಕುಟುಂಬದ ಭಾಗವಾಗಿರುವ ನಾವು ಹೆಮ್ಮೆಪಡುವಂತಹ ಮಹಿಂದ್ರಾ ಇನ್ಶುರೆನ್ಸ್ ಬ್ರೋಕರ್ಸ್ ಲಿಮಿಟೆಡ್ ಮತ್ತು ಮಹಿಂದ್ರಾ ರೂರಲ್ ಹೌಸಿಂಗ್ ಫೈನಾನ್ಸ್ ಲಿಮಿಟೆಡ್ ಎಂಬ ಎರಡು ಯಶಸ್ವಿ ಉದ್ಯಮಗಳ ಬಗ್ಗೆ ಇಲ್ಲಿ ವಿವರಣೆ ನೀಡಲಾಗಿದೆ.
We live in a day and age where staying protected against the uncertainties of tomorrow is of paramount importance. Understanding this very requirement, Mahindra Insurance Brokers Ltd. (MIBL), our subsidiary, provides 360o insurance solutions, tailor-made for the diverse needs and risk profiles of our varied consumer base. While providing direct insurance broking for the retail customer base of around 1.3 million and catering to a large number of corporate customers, the company also offers a range of plans for the Life as well as Non-life insurance segments.
MIBL is committed to provide value to its customers by understanding their insurance needs and risk profile in a highly detailed and systematic manner. This helps in chalking out more innovative, cost-effective and customised insurance solutions. And its uncompromising adherence to the highest standards of quality is evident from the fact that it is one of the few insurance broking companies in India to have been awarded the prestigious ISO 9001:2008 Certification for Quality Management Systems.
MIBL was granted a Direct Broker's Licence by the Insurance Regulatory and Development Authority (IRDA) in May 2004, enabling it to undertake direct insurance broking in Life and Non-life businesses. In addition, MIBL has empanelled itself with various public and private insurance companies to fulfil its promise of delivering customised solutions to customers. In September 2011, MIBL was granted a Composite Broker licence by the IRDA, thus foraying into the Reinsurance Broking business along with Direct Broking. As a Total Insurance Risk Solutions provider, MIBL also plays an integral role in the Risk Management portfolio of customers.
"To be India's no.1 Insurance Broker in revenue by 2015."
In September 2012, Mahindra Insurance Brokers Limited (MIBL) has entered into Definitive Agreements with Inclusion Resources Private Limited (IRPL), a subsidiary of LeapFrog Financial Inclusion Fund, incorporated in Singapore and Mahindra & Mahindra Financial Services Limited (MMFSL), its parent company to expand the Company's services to consumers in rural and semi-urban areas of India, by bringing in IRPL's international knowledge and experience, especially in using low cost technology solutions to provide insurance in mass markets. In addition, given IRPL's expertise and association in reinsurance globally, IRPL would help the Company to connect with various global reinsurers to assist in the Company's reinsurance broking business.
LeapFrog Financial Inclusion Fund is the world's first and largest investor in companies that insure under-served people in Asia and Africa, and has International Finance Corporation (IFC), European Investment Bank (EIB), KfW Development Bank, Germany, FMO Development Bank of The Netherlands, etc. as its investors. LeapFrog Financial Inclusion Fund has a specialist focus on mass market insurance and invests in companies that provide insurance to the "Next Billion" emerging market consumers. LeapFrog Financial Inclusion Fund is unusual in two respects, first its focus on social impact and secondly, its focus on insurance.
Your Company has received the necessary approvals from the Insurance Regulatory and Development Authority and the Foreign Investment Promotion Board as well as the Reserve Bank of India for the aforesaid transaction.
Consequent to the above, MIBL is now a 85% subsidiary of MMFSL. IRPL has acquired a stake of 15% in MIBL.
It could take a lifetime to create a place you can call home. At Mahindra Rural Housing Finance Ltd. (MRHFL), the intent is to make the journey to your dream home a little shorter.
MRHFL, India's largest rural housing finance company, was incorporated with an objective to transform the rural and semi-urban landscape by providing cost-effective and flexible home loans. So be it home construction, purchase, extension or improvement, MRHFL provides loans for most home finance requirements. Today, it successfully serves over 1 lakh customers and operates in more than 17,500 villages across states like Maharashtra, Madhya Pradesh, Rajasthan, Gujarat, Bihar, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala.
In fact, MRHFL has been responsible for some major transformations in rural India. People in the remote villages have very little chance of getting loans from established financial institutions due to lack of documents. And local money lenders prove too expensive. This is where MRHFL comes into the picture and provides affordable home loans with minimum documentation.
It has facilitated the upgradation of many 'Kuccha' and unstable structures made of mud to 'Pucca' houses made of bricks and mortar, changing the flooring of houses from rough cement base to tiles. In short, huts have turned into homes, and dreams into realities.
A subsidiary of MMFSL, Mahindra Rural Housing Finance was incorporated on April 9, 2007 and obtained a certificate of registration to commence the business of a Housing Finance Institution from the National Housing Bank on August 13, 2007. Mahindra & Mahindra Financial Services Limited (MMFSL) holds 87.5% of the equity of MRHFL and the National Housing Bank (NHB) holds the remaining 12.5%. NHB, in turn, is a fully owned subsidiary of the Reserve Bank of India (RBI).
"Transforming rural lives. Together"
Please visit the Mahindra Home Finance website to view the entire range of services offered.
Mahindra Trustee Company Private Limited, a company incorporated under the Companies Act, 1956, is the trustee for Mahindra Mutual Fund. On our Board of Trustees, we have Mr. Manohar G Bhide -former Chairman and Managing Director of Bank of India, Mr. Narendra Mairpady -former Chairman and Managing Director of Indian Overseas Bank, Mr Gautam G. Parekh - Fellow Member of the Institute of Chartered Accountants of India and Mr. Debabrata Bandyopadhyay - Founder & CEO of Touchstone Consulting. (Click here to view their full profile)
The Trustee Company plays a significant role or overseeing the process and systems applied by the Asset Management Company and it acts in the interest of the investors.
Mahindra Asset Management Company Private Limited, a company incorporated under the Companies Act, 1956, is the Investment Manager for Mahindra Mutual Fund. It is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL). The Board of Directors of MAMCPL is adorned by Mr. V Ravi – Executive Director and CFO of MMFSL, Mr. Gautam Divan - Fellow Member of the Institute of Chartered Accountants of India (ICAI), Prof. G. Sethu – Dean IIM Trichy and Mr. Ashutosh Bishnoi – MD & CEO, MAMCPL. (Click here to view their full profile.)
Mahindra Finance CSR Foundation is incorporated as a wholly-owned subsidiary of Mahindra & Mahindra Financial Services Limited on 2nd April, 2019 as a not for profit company limited by shares under Section 8 of the Companies Act, 2013 to inter alia, support, promote and enhance education, employment, vocational skills, and sustainable livelihood, curative and preventive healthcare measures; sanitation and availability of safe drinking water; measures eradicating hunger, poverty and malnutrition; sustainability environmental and ecological balance, etc.
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