| Our Company was incorporated as `MAS Financial Services Limited', a public limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat (Dadra & Nagar Haveli) on May 25, 1995 at Ahmedabad. Our Company received a certificate for commencement of business on May 29, 1995 from the Assistant Registrar of Companies, Gujarat (Dadra & Nagar Haveli).
Our Company was initially registered as a Category A (public deposit taking) NBFC pursuant to a certificate of registration (bearing registration number 01.00241) dated May 8, 1998, issued by the RBI. Subsequently, upon conversion of our Company to a Category B (non-public deposit taking) NBFC, our Company received a certificate of registration (bearing registration number B-01-00241) dated January 15, 2007, issued by the RBI.
Major events and milestones
1995
- Incorporation of our Company
1998
- Registered as a public deposit taking non-banking financial company with the RBI
2006
- Received investment from Bellwether Microfinance Trust
- Incorporation of MAS Rural Housing & Mortgage Finance Limited, our Subsidiary
2007
- Registered as a non-public deposit taking non-banking financial company with the RBI
2008
- Received investment from FMO
- Received investment from ICICI Venture Fund Management Company Limited
2010
- Developed and implemented customised Enterprise Resource Planning system called `MASEX'
2012
- Received investment from DEG
2013
- AUM crossed Rs.10,000 million
2014
- Sarva Capital, then known as Lok Capital II LLC, purchased 21,735,545 compulsorily convertible cumulative preference shares of our Company from FMO
2015
- AUM crossed Rs. 20,000 million
- NCDs issued by our Company listed on BSE Limited
2016
- India Ratings & Research upgraded the rating of our bank loans to "Ind A", with stable outlook.
2017
- AUM crossed Rs.30,000 million
2021
-MAS Financial announces strategic partnership with Bank of Maharashtra for MSME loan.
-MasÿFinancial Services Partners With Credavenue For Co-Lending Platform.
-Bank Of India Ties-Up With Mas Financial Services For Co-Lending.
2022
-MasÿFinancial'S ServicesTie Up with Arya. Ag to Offer Agri Finance To Small Farmers & Fpos.
-Mas Financial'S Announces Strategic Partnership With Bank Of Maharashtra For Msme Loan.
-Loantap Announces Partnership With Arkafincap Ltd. AndÿMasÿFinancial'S Services For New Digital Lending Models.
2024
-The Company has issued Bonus Shares in the Ratio of 2:1.
-The Company Informed about acquisition of Equity Shares in MAS Rural Housing and Mortgage Finance Limited,
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