Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited

Quarter Result Update

DECEMBER - 2015

Corporate Office: Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India

Tel: +91 22 66526000 Fax: +91 22 24953608 Email: Investorhelpline_mmfsl@

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Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001 India

Tel: +91 22 2289 5500 Fax: +91 22 2287 5485 CIN - L65921MH1991PLC059642

Company overview

Transforming rural lives across the country

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Background

? Mahindra & Mahindra Financial Services Limited ("MMFSL") is a subsidiary of Mahindra and Mahindra Limited (Mcap: Rs 715 billion)*, one of India's leading tractor and utility vehicle manufacturers

? MMFSL (Mcap: Rs 125 billion)* is one of India's leading non-banking finance companies focused in the rural and semi-urban sector

? Primarily in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipments and SME Financing

? MMFSL's vision is to be a leading provider of financial services in the rural and semi-urban areas of India

? Has 1179 offices covering 25 states and 5 union territories in India, with over 4.0 million customer contracts since inception, as of December 31, 2015

? India Ratings has assigned AAA(ind)/Stable, CARE Ratings has assigned AAA, Brickwork has assigned AAA/Stable and CRISIL has assigned AA+/Stable rating to the Company's long term and subordinated debt

*Source: Market capitalisation as of January 20, 2016 from BSE website

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MMFSL Group structure

Mahindra & Mahindra Limited

51.20%

Mahindra & Mahindra Financial Services Limited

85%(1) 87.5%(2) 49% 100%

Mahindra Insurance Brokers Limited ("MIBL")

Mahindra Rural Housing Finance Limited ("MRHFL")

Mahindra Finance USA LLC

(Joint venture with

Rabobank group subsidiary)

Mahindra Asset Management

Company Pvt. Ltd

100%

Mahindra Trustee Company Pvt. Ltd

Note: 1. Balance 15% with Inclusion Resources Pvt. Ltd.,a subsidiary of Leapfrog Financial Inclusion Fund, incorporated in Singapore. 2. Balance 12.5% with National Housing Bank (NHB) 3. Pursuant to the scheme of amalgamation of erstwhile Mahindra Business & Consulting Services Private Ltd. (MBCSPL), a wholly owned subsidiary,

with the Company, all the assets and liabilities, including reserves, of MBCSPL were transferred and vested in the Company effective from appointed date 01st April, 2014. The Scheme became effective upon filing with the Registrar of Companies on 18th April, 2015

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Our Journey Thus Far

Long term debt rating upgraded to AAA by India Ratings and Brickwork CARE Ratings assigned AAA rating to long term debt Reach extended to over 1100 offices

FY 15

Crossed 3 million cumulative customer contracts

Stake sale in MIBL to Inclusion Resources Pvt. Ltd.

QIP Issue of Rs. 8.67 Bn

FY 13

FY 14

Received 12.5% equity participation

from NHB for MRHFL

Recommenced Fixed Deposit

FY 09

Program

FY 07

FY 11 Maiden QIP Issue of Rs.4.26 Bn JV with Rabobank subsidiary for tractor financing in USA

Commenced housing finance business through MRHFL FY 08 Raised Rs. 4.14 Bn through Private Equity Reach extended to over 400 offices

Completed IPO, subscribed nearly 27 times

FY 06

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