Mas Financial Services Ltd. · NSE:MASFIN
Mas Financial Services — Investor Day (February 2026)
84 slides from Mas Financial Services's investor day presentation, Feb 16, 2026
Slide 1: Cover letter to stock exchanges
MFSL/SEC/EQ/2026/17 February 16, 2026 To, To, The Manager, General Manager BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Plot No. C/1, G Block Mumbai – 400001 Bandra-Kurla Complex Bandra (East) Mumbai – 400051 Scrip Code: 540749, 947381 Tr
Slide 2: MAS Investor Day – February 2026
MAS INVESTOR DAY – FEBRUARY 2026 2024-25 1995-96
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of MAS Financial Services Limited (together with its subsidiary MAS Rural Housing & Mortgage Finance Limited and MASFIN insurance broking private limited ). By accessing this presentation, you are agreeing to be bound b
Slide 4: Speakers of the Day
Speakers of the Day Vintage with 30 11 29 MAS(Years) Mr Kamlesh Gandhi Mrs Darshana Pandya Mr Dhvanil Gandhi Mr. Saumil Pandya Chairman & Managing Director Executive Director & CEO Executive Director President – Retail Assets 15 8 8 16 Mr. Vivek Vyas Mr. Himanshu Kanakhara Mr. Nishant Jain Mr. Ankit
Slide 5: Agenda
Agenda Sr No Topic Speaker 1. Vision 2036: Proven Performance. Compounding with Prudence Mr Kamlesh Gandhi, Chairman & Managing Director 2. Journey over last 30 years Mrs Darshana Pandya, Executive Director & CEO 3. Journey going forward with SME Vertical being leading growth driver Mr Dhvanil Gandh
Slide 6: Mr Kamlesh Gandhi
Mr Kamlesh Gandhi Chairman & Managing Director ✓ Mr. Kamlesh Chimanlal Gandhi, is the Founder, Chairman, and Managing Director of MAS with over three decades of industry expertise, driving consistent company performance ✓He is the first-generation entrepreneur and has an experience of more than 30 y
Slide 7: MAS: Key Differentiators – Building a Solid Foundation for Sustainable Growth
MAS: Key Differentiators – Building a Solid Foundation for Sustainable Growth 1. Consistency - Courageous to be patient - pursuing the strategic intent relentlessly 2. Approach to Asset Creation - Extending credit where it is due 3. Growing Predominantly through Internal Accruals - Profit as the ind
Slide 8: Leading the Vision: Proven Performance. Compounding with Prudence
Leading the Vision : Proven Performance. Compounding with Prudence Proven Performance Asset Under Management (AUM) 1,20,998 (In ₹ Mn) 1,01,256 80,926 62,468 53,384 59,663 53,724 41,570 31,561 20,052 25,650 10,123 13,910 1,510 2,312 2,597 2,682 3,884 5,118 6,909 20 4Q 44Q 48Q 52Q 56Q 60Q 64Q 68Q 72Q
Slide 9: Vision 2036: Rs 1,00,000 Crore AUM
Leading the Vision : Proven Performance. Compounding with Prudence Compounding with Prudence VISION 2036 To reach a milestone of Rs 1,00,000 Crore AUM prioritizing Risk Management & Profitability 8
Slide 10: Mrs. Darshana Pandya
Mrs. Darshana Pandya Executive Director & CEO ✓ Mrs. Darshana is the Executive Director and CEO of MAS Financial Services and has been associated with the company since 1996. ✓ She is responsible for leading the operations at MAS. She is also the driving force behind forging relationships between th
Slide 11: MAS Financial at a Glance (Consolidated)
MAS Financial at a Glance (Consolidated) MAS Financial Services was established in 1995 visualizing : “Huge opportunity in addressing the financial needs of the underserved segments of the country.” 30+ Diversified Product Portfolio Years of Endeavours Micro Enterprise Loans SME Loans ₹ 1,46,415Mn 1
Slide 12: A decade of robust growth despite macroeconomic and industry headwinds
A decade of robust growth despite macroeconomic and industry headwinds Asset Under Management (AUM) (In ₹ Mn) 1,20,998 1,01,256 80,926 Period marked by significant 62,468 53,384 59,663 53,724 challenges 41,570 31,561 20,052 25,650 Year Challenge FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19
Slide 13: Growth through internal accruals & capital raised from marquee Long Term Investors
Growth through internal accruals & capital raised from marquee Long Term Investors Standalone Net worth (as of 31-12-2025) : Rs 2,865 Crore. ~66% of the growth driven by internal accruals 1995 2008 2012 2017 2024 Started with Capital Raise Capital Raise Capital raise Raised fresh initial capital fro
Slide 14: Credit Rating by CARE Ratings
Credit Rating by CARE Ratings 2009 2024 BBB A− A+ AA AAA BBB A AA− AA+ + 13 13
Slide 15: Products Expansion
Products Expansion 2025 as on December 31st, 2025 1995 Micro Enterprise Loans AUM : ₹ 55,297 Million SME Loans AUM : ₹ 49,255 Million Two Wheeler Loans AUM : ₹ 10,224 Million GNPA : 2.87% GNPA : 1.49% GNPA : 3.35% NNPA : 1.64% NNPA : 1.15% NNPA : 2.34% Consumer Durable MAS Financial Services Limited
Slide 16: Power of Distribution
Power of Distribution 1 2025 1995 Punjab 2 2 Uttarakhand Haryana 2 Delhi 47 1 1 Uttar Pradesh Rajasthan Gujarat 63 42 208 Gujarat Madhya Pradesh 2 Chhattisgarh Branches Maharashtra 30 4 215 7 Telangana Presence through Branches and NBFC Partners Karnataka NBFC Partners 15,500+ Presence through NBFC
Slide 17: Way Forward
Way Forward ✓ Endeavour to bring about a compassionate growth → Catalyst for: ─ Higher productivity ─ Resilience ─ Loyalty among all the stakeholders ✓ Talent & Culture Building → Create a performance-driven yet value-based culture → Develop next level of leadership across all departments ✓ Leading
Slide 18: Mr Dhvanil Gandhi
Mr Dhvanil Gandhi Executive Director ✓ Mr Dhvanil Gandhi, Executive Director has been associated with the company for more than 10 years. He is leading the SME Vertical of the company and played an instrumental role in developing it through branches across India. ✓ He plays an active role in driving
Slide 19: Philosophy over the years – Pillars of robust performance
Philosophy over the years – Pillars of robust performance over the years Determination Consistency Discipline • Established by first-generation • Committed to sustainable and calibrated • Growth driven by prudence, consistency, entrepreneur with a long-term vision to growth of 20% to 25% and resilie
Slide 20: Challenges
Challenges Rapidly Evolving Financial Regulatory and Balancing Legacy and Services Landscape Compliance Complexity Transformation → Regulatory scrutiny → Legacy is our strength → Rapid introduction of new technologies Intensifying → Lead selectively in adopting → Shift towards greater → Future deman
Slide 21: Enablers
Enablers Expanding Opportunity Vintage & Trust Capital Consistency in Vision & Culture • Growth, Formalization and Credit Gap • Our legacy is defined by • True to the vision & mission from Day 1 • Bullish on Bharat navigating multiple economic • Large Market Size cycles • Culture of responsibility •
Slide 22: SME - Product Offerings & Touching the Market
SME - Product Offerings & Touching the Market
Slide 23: MSME - Credit Gap
MSME - Credit Gap ❖ Addressable Credit Gap: As per the study conducted, total addressable debt demand of MSME sector is Rs 64 lakh crore while formal debt supply (by Banks and NBFCs) is only Rs 34 lakh crore. Hence, there is addressable credit gap of ~₹30 lakh crore of the sector. ❖ Sector & Area Wi
Slide 24: How NBFCs are placed within the SME Lending Ecosystem
How NBFCs are placed within the SME Lending Ecosystem Large Banks (Private & Public) are well placed to cater to SME Borrowers with: ❑ Requirement of working capital lines – CC / OD ❑ Audited financials and strong bureau history ❑ Collateral heavy or transaction backed lending NBFCs are well placed
Slide 25: Specialized SME Branches
Specialized SME Branches 27 Specialized SME 1 Punjab 1 Branches 1 Uttarakhand Haryana 1 Delhi 3 Rajasthan 4 2 Gujarat Madhya Pradesh Maharashtra 7 2 Telangana SME Loans are also distributed 2 through all other branches apart Karnataka from Specialized branches 3 Tamil Nadu 24 *As of December,2025 Ma
Slide 26: Product Offering
Product Offering Average Type of Loan Yield Ticket Size Tenure Security Ticket Size Mortgage of Collateralised Backed 12% - 15% Upto Rs 5 Crore ₹ 37 Lacs Upto 180 Months Immovable Property NACH, Cash Flow Supply Chain 13% - 16% Upto Rs 3 Crore ₹ 40 Lacs 12 Months Control through Escrow Mechanism Hyp
Slide 27: Industry Wise Breakup – SME Loans
Industry Wise Breakup – SME Loans Top 12 Industries contributing ~78% Other Major Industries Sr. No. Industry POS (%) Sr. No. Industry POS (%) 1 PLASTIC PRODUCTS 2.65% 1 STEEL & METAL PRODUCTS 11.54% 2 FURNITURE 1.99% 3 MANPOWER 1.82% 2 ELECTRONIC PRODUCTS 9.80% 4 PETROL PUMP / GAS AGENCY 1.56% 3 FM
Slide 28: Touching the Market - SME Products
Touching the Market - SME Products Retail Distribution Channels Branch-Led Channel Eco - System Channels Direct Digital Channel 208 Branches Digital Media Direct Selling Agents Marketing 13 States / Union Territory Referrals Call Centers Anchors 27
Slide 29: Internal Stakeholders
Internal Stakeholders Stakeholder Description Sales Business origination, first bounce portfolio management Credit Underwriting, portfolio monitoring Portfolio Management Recovery Supporting sales on various MIS for business monitoring and improvement, Sales Operations inter departmental coordinatio
Slide 30: SME Vertical - One of the key growth drivers
SME Vertical - One of the key growth drivers SME Loan Segment will be one of the major growth drivers for the company over medium to long term Targeting to grow in the range of 20% to 25% Expanding into newer Large & Expanding over medium term geographies Market Government initiatives (GST, Gradual
Slide 31: Mr Saumil Pandya
Mr Saumil Pandya President and Head of Retail Assets ✓ Mr Saumil Pandya is President and Head of Retail Assets at MAS and responsible for managing Micro Enterprise, Two-Wheeler, Commercial Vehicle and Salaried Personal Loan product of the company. ✓ He has played an instrumental role in expanding th
Slide 32: Product Offering
Product Offering Average Type of Loan Yield Ticket Size Tenure Security Ticket Size Unsecured / Current Micro Enterprise 17% - 24% Upto Rs 10 Lacs ₹ 0.8 Lacs Upto 60 Months Assets Hypothecation Two Wheeler 18% - 21% Upto Rs 1.5 Lacs ₹ 0.8 Lacs Upto 36 Months Vehicle Hypothecation Used Commercial 18%
Slide 33: Micro Enterprise Loans
Micro Enterprise Loans Top 12 Nature of Business contributing ~67% Target Customer & Touching the Market Sr. No. CATAGORY POS (%) Target Customers: Retailers, traders, small manufacturers and service providers having Udyam Registration. 1 GENERAL STORE 19.56% 2 LABOUR CONTRACTOR 9.29% 3 CLOTH STORE
Slide 34: Two-Wheeler Loans
Two-Wheeler Loans Top OEMs Target Customer & Touching the Market Sr. No. OEM Approx. Target Customers: Farmers, self-employed, salaried Share (%) individuals & professionals majorly in Tier-2 & 3 towns. 1 HERO MOTOCORP 60% 2 HONDA 24% 3 TVS 8% 4 BAJAJ 5% 5 SUZUKI 2% *For Q3FY26 Sourcing through 750
Slide 35: Used Commercial Vehicle Loans
Used Commercial Vehicle Loans Sourcing Mix Target Customer & Touching the Market Sr. No. Sourcing Through % Share Target Customers: Small road transporters, used cars to 1 Brokers / Direct Selling Agent (DSA) ~50% to 55% small traders, manufactures, service providers and professionals 2 Direct Sales
Slide 36: Salaried Personal Loans
Salaried Personal Loans Sourcing Mix Target Customer & Touching the Market Sr. No. Sourcing Through % Share Target Customers: Salaried individuals (having own house & banking-based salary) of the approved companies for their 1 Fintechs ~50% to 55% personal need. 2 Direct Sales Team ~15% to 20% Touch
Slide 37: Collection & Recovery Process
Collection & Recovery Process 100% Cashless Collections via ENACH & UPI Payment Gateway Tie-up Leveraging on Inhouse built Recovery Management Application for end-to-end process NPA Stage (>90 DPD) Late Delinquency (61-90 DPD) ✓ Legal notice Mid ✓ Arbitration - Section 138 Delinquency (31-60 DPD) ✓
Slide 38: Two-Wheeler & Commercial Vehicle to enable Next Phase of Growth
Two-Wheeler & Commercial Vehicle to enable Next Phase of Growth Share of Two- Wheeler to increase in AUM given increased focus & digital lending and share of Commercial Vehicle in AUM to increase given our strategic intent of moving towards higher ticket size and asset-backed lending over medium to
Slide 39: Mr Vivek Vyas
Mr Vivek Vyas COO- Retail Asset Channel ✓ Mr. Vivek Vyas is the Chief Operating Officer – Retail Asset Channel at MAS, with over 15 years of experience in the financial services industry. ✓ He is involved in NBFC relationship management and business operations, supporting the growth and stability of
Slide 40: Extended Distribution Arm
Extended Distribution Arm ❖ Strategic Intent: “To address the financial needs of underserved segments across the country & capitalize on opportunities while promoting financial inclusion, job creation, and support for MSMEs.” ❖ Extended Arm: NBFCs partnerships (Retail Asset Channel) are an extended
Slide 41: Established and Proven Framework for Onboarding
Established and Proven Framework for Onboarding Our proven track record of more than ₹30,000 cr cumulative disbursement through NBFC partners with total loss less than 0.50% over a decade across various tough periods assures our confidence on the distribution model. Promoter Due Diligence Proven Tra
Slide 42: Monitoring Framework
Monitoring Framework Field Audit at Regular Intervals ❖ Field-level validations are conducted to ensure robust control over the underlying portfolio and safeguard assigned book debts. The following are the criteria undertaken during the field audits: Underlying Asset Verification Data & System Valid
Slide 43: How do we Differentiate
How do we Differentiate ❖ The philosophy and approach to NBFC lending differs significantly—traditional lenders underwrite balance sheets, while MAS underwrites business models and execution capability. Conventional Lender Approach MAS Approach Evaluates business model, customer segment, Primarily d
Slide 44: Way Forward – Retail Asset Channel
Way Forward – Retail Asset Channel ❑ NBFCs will continue to play an important role in credit dispensation - timely and adequate liquidity will be very important for them - offering huge opportunity ❑ With increase in our size our propensity to add value will also increase ❑ This distribution in the
Slide 45: Mr Himanshu Kanakhara
Mr Himanshu Kanakhara Executive Vice President - MRHMFL ✓ Mr Himanshu has been the Executive Vice President of the company since March 2018. He has 25 years of experience in leading and executing various sales and distribution roles. ✓ Prior to MRHMFL he has worked for HDFC Bank Ltd for more than 13
Slide 46: About MRHMFL
About MRHMFL MAS is targeting affordable housing finance segment through its subsidiary MAS Rural Housing & Mortgage MRHMFL provides loans for MRHMFL provides housing loans in With its continued focus on the rural Finance Limited (“MAS Housing” or purchase of new and old houses, rural and semi-urban
Slide 47: MRHMFL Journey
MRHMFL Journey Asset Under Management (AUM) (In ₹ Mn) 7,681 5,963 4,133 3,141 2,712 2,865 2,832 1,764 2,040 1,341 650 938 53 227 407 39 105 4Q 8Q 12Q 16Q 20Q 24Q 28Q 32Q 36Q 40Q 44Q 48Q 52Q 56Q 60Q 64Q 68Q Profit After Tax (PAT) (In ₹ Mn) 96 76 63 49 32 29 25 27 14 20 19 15 4 6 0 3 2 Q 0-4 Q 5-8 Q 9
Slide 48: Distribution Network & Marketing
Distribution Network & Marketing Marketing & Sourcing through: 1. Direct sales team 2. Builder tie-ups 3. Third party channels 6 4. Outreach marketing programs 101 Rajasthan 5. Loan melas 72 8 6. Social media Branches* Gujarat Madhya Pradesh Dedicated Village Branches: Maharashtra 15 Rural focus thr
Slide 49: Product Offerings
Product Offerings HOME PURCHASE HOME HOME EXTENSION CONSTRUCTION COMMERCIAL LOAN CONSTRUCTION AND RENOVATION LOAN PROPERTY LOAN LOAN LOAN Loans for purchase of Loans for construction of Loans for extending or Loans for purchase of Construction finance to Description new/old and ready/under home on n
Slide 50: Key Growth Strategies - MRHMFL
Key Growth Strategies - MRHMFL Strong Industry Growth Expansion of Branch Network The housing industry especially affordable The company will focus on segment is poised to grow strongly given increasing the branch network and continued urbanization, Government leverage on the presence of the policie
Slide 51: Mr Nishant Jain
Mr Nishant Jain Chief Risk Officer ✓ Mr Nishant Jain, a qualified Chartered Accountant with over 15 years of experience in credit & risk management in financial service industry . ✓ He is responsible for managing the overall risk, defining the product, policies and risk frameworks for the company. ✓
Slide 52: Risk Oversight & Discipline
Risk Oversight & Discipline ❖ Key risk management tools adopted by the company: Policy and Process Periodic evaluation of gaps and emerging trends to strengthen alignment and effectiveness. Defined Risk Risk Scenario & Frameworks Appetite & Data Risk Registries & Checklists Tolerance Analysis Limits
Slide 53: Risk Oversight & Discipline
Risk Oversight & Discipline ❖ The Company continues to maintain strong risk oversight & discipline supported by prudent risk management across liquidity, capital, asset quality, and profitability metrics. Liquidity & ALM Discipline Capital Management • No negative cumulative mismatches across maturi
Slide 54: Structured Lending Approach
Structured Lending Approach ❖ The company has a structured lending approach and following are the key parameters/ highlights: Loan Origination Underwriting: Risk Pricing: Portfolio Recovery & System Monitoring: Collections: Customer registration The company has The company has The company MAS has a
Slide 55: Credit Assessment Framework
Credit Assessment Framework ❖ Credit assessment and underwriting are carried out within a defined policy governance framework supported by multiple control mechanisms. Product-specific credit norms Defined underwriting criteria aligned to product risk & borrower profile. Evaluation of income stabili
Slide 56: Credit & Operational Journey
Credit & Operational Journey ❖ MAS has established a structured and efficient journey, to ensure the overall process is streamlined for better customer engagement and onboarding. Lead Customer Profiling Automated Application Login in Document Generation & KYC Collection system checks the system Veri
Slide 57: Monitoring Framework
Monitoring Framework ❖ The company adopts a proactive approach to portfolio monitoring by regularly tracking key risk parameters and initiating timely corrective actions to safeguard portfolio quality. Following are the key risk parameters monitored: Early Warning Stress & Gross and Net NPA: Collect
Slide 58: Best-in-Class Asset Quality Across Cycles and Resilience Through Systematic Shocks
Best-in-Class Asset Quality Across Cycles and Resilience Through Systematic Shocks Catalyst in growth of entrepreneurs, not creating just borrowers GROSS STAGE 3 ASSETS NET STAGE 3 ASSETS 7.2% 2nd Wave 2.49% 2.53% 2.56% 2.36% 2.41% 2.44% 2.35% 6.4% 2.21% 2.30% 2.28% 2.27% 2.26% 2.23% 2.15% 2.13% 2.1
Slide 59: Way forward – Risk Management
Way forward – Risk Management Continuous review and improvement Strategic alignment Regular monitoring, update risk assessments, and align the Aligning the process and policies of the company as per the framework with evolving business objectives and external strategic goals of the company. environm
Slide 60: Mr Ankit Jain
Mr Ankit Jain Chief Financial Officer ✓ Mr. Ankit Jain has been the CFO of the company since November 2019. He has several years of experience in financial services industry. ✓ His areas of responsibilities include Liabilities management, Investor relations and Treasury functions ✓ He holds a bachel
Slide 61: Pillars of Capital and Liability Management
Pillars of Capital and Liability Management Robust Asset Adequately Liability Capitalised Management Maintaining Cost of Diversified Borrowing and resource mix Generating Healthy ROE 60
Slide 62: Capital Management
Capital Management Capital adequacy ratio, as on 31st December 2025 Raised Rs. 500 Crore fresh Capital through QIP in is 22.84% against regulatory norms of 15%. Tier-I 1. capital is 21.48% as against requirement of 10%. 2. June 2024, which was subscribed more than six times by marquee investors. Tie
Slide 63: Liability Management
Liability Management The composition of our liability mix ensures healthy ALM and well diversified resource mix. The cashflow in all the Rating Details 1. cumulative buckets is positive. AA- (Stable) The total Cash credit limit available to the Company is ₹ 1409 Crore. spread across 13 banks. The 2.
Slide 64: Breakup of Sources of fund as on December 31st, 2025
Breakup of Sources of fund as on December 31st, 2025 INSTRUMENT WISE BREAKUP LENDER TYPE WISE BREAKUP 0.50% Term Loan Public Sector Banks 2.51% 3.22% 3.97% Direct Assignment 9.65% Private Sector Banks 7.74% (Including Co-Lending) Non-Convertible 16.06% 49.29% Capital Market 16.15% Debentures 55.56%
Slide 65: Diversified Lenders as on December 31st, 2025
Diversified Lenders as on December 31st, 2025 NO. OF LENDERS TOP THREE LENDERS – CATEGORY WISE No. of Sr. No. Lender Type Lenders PUBLIC SECTOR BANKS PRIVATE SECTOR BANKS 1 PUBLIC SECTOR BANKS 13 2 PRIVATE SECTOR BANKS 17 3 FOREIGN BANKS 5 4 INDIAN DFIs 3 INDIAN DFIS FOREIGN BANKS 5 NBFCS 6 TOTAL NO
Slide 66: ALM – December 2025
ALM – December 2025 (In ₹ Mn) Cumulative Inflows & Outflows Cumulative Surplus 10,422 Upto 3 Months 28,061 Rs 17,640 19,490 Upto 6 Months Rs 29,396 48,885 49,483 Upto 1 Year Rs 31,131 80,614 91,577 Upto 3 Year Rs 26,237 1,17,814 99,616 Upto 5 Year Rs 23,774 1,23,390 Liabilities Assets 65
Slide 67: Way Forward – Liability Management
Way Forward – Liability Management To remain adequately capitalized at about 20% in To ensure the required liability is raised adequately lines with our strategic intent and timely Further Diversification of Sources of fund with focus Target to maintain around 20%-25% as off book to reduce dependenc
Slide 68: Mr Hitesh Ganatra
Mr Hitesh Ganatra Head – Human Resource ✓ Mr. Hitesh Ganatra is Head – Human Resources at MAS with 30 years of HR experience. He holds Bachelor's degree in Commerce from Gujarat University and an MBA from ICFAI University. ✓ He has been associated with the company since June 2022. ✓ Area of responsi
Slide 69: AIM: Build a winning team
AIM : Build a winning team Role of all the HR Functions in “Building a winning team” Learning and Employee Talent Acquisition HR Operations Payroll Development Engagement ❖ Approach - right ❖ Manages payroll person for the right job ❖ Handles diverse HR ❖ Inductions processing. ❖ Focuses on Employee
Slide 70: Values - What we believe – How we do
Values - What we believe – How we do Empowerment and Collaboration – Crucial values, playing a significant role in its success and customer relationships. Agility and Performance – Vital values for MAS, influencing its ability to adapt to market dynamics and achieve its strategic objectives. Honesty
Slide 71: Team MAS
Team MAS Board of Directors 07 Core Team Senior Leaders - 35 Execution Team 4309 There are more than 700 team members associated with MAS for more than 3 years Average Age of the workforce is 33 years Consolidated Workforce : 5045 70
Slide 72: MAS Financial – Celebrating Excellence
MAS Financial – Celebrating Excellence MAS Financial Services Limited was selected as MAS Rural Housing & Mortgage Finance Limited Great Place to work - Consistently for last the winner and is honoured to receive the Financial (Subsidiary of MAS Financial) has been recognized 4 years with increasing
Slide 73: Initiatives to Strengthen Employee Engagement
Initiatives to Strengthen Employee Engagement Christmas Diwali Ganesh Chaturthi Independence Day Celebrating patriotism through Celebrating with our Little MAScots Decoration + Traditional Dress + Gift Welcoming Bappa to the MAS Office cultural performances Sports Day Navratri Women's Day Rewards &
Slide 74: Mr Rajen Shah
Mr Rajen Shah Chief Technology Officer ✓ Mr. Rajen Shah is CTO at MAS with 30 years of IT experience. He holds Bachelor's degree in Science from Gujarat University and an MCA from IGNOU. ✓ Brings strong technical expertise and strategic leadership to drive scalable and secure IT solutions at MAS. ✓
Slide 75: Technology Foundation & Capability Strength
Technology Foundation & Capability Strength ❖ Our technology ecosystem is anchored in market aligned standards, strong internal ownership, and a scalable architecture designed for long-term growth. Certified & Standards-Driven Environment • ISO-aligned information security and IT governance framewor
Slide 76: Technology Governance
Technology Governance ❖ The company’s technology governance framework supports secure, resilient, and well-governed digital operations. Information → Network perimeter protection and threat prevention through security layers management & → Endpoint protection and malware defence Cyber Security → Aut
Slide 77: Overall Digital Landscape
Overall Digital Landscape ❖ The company emphasizes on “Build and Operate” Strategy by minimizing reliance on external resources. Customer sourcing through Employee, File login to Accounting & Internal Agent, Channel, Digital Platforms & disbursement journey Audit Digital Partner Post disbursement se
Slide 78: Tech Driven – Credit & Operations
Tech Driven – Credit & Operations ❖ MAS leverages advanced, tech-enabled processes to ensure a seamless and accelerated customer journey. From onboarding to disbursement, the company has a robust digital infrastructure that minimizes friction and reduces turnaround time: Lead Creation Customer On bo
Slide 79: In House Built IT Applications Driving Operational Excellence
In House Built IT Applications Driving Operational Excellence ❖ Developed 10+ in-house mobile applications along with software solutions across all major organizational functions, enabling seamless operations, rapid adaptability to change, and enhanced operational efficiency. Customer Application Po
Slide 80: Way Forward
Way Forward ❖ The Company continues to strengthen its technology and security framework to support efficiency, resilience, and informed decision-making. Security-first digital ecosystem with enhanced cyber resilience and data protection Enhancing adaptive security capabilities to stay ahead of dynam
Slide 81: Mr Darshil Thakkar
Mr Darshil Thakkar Head of Credit ✓ Mr Darshil Thakkar is a qualified Chartered Accountant, Company Secretary and Certified Management Accountant. ✓ He is the Credit Head for Retail Asset Channel (RAC) and SME Lending at MAS ✓ Working with the company for more than 11 years. 80
Slide 82: Credit Assessment Live Demonstration
Credit Assessment Live Demonstration ✓ Business Rule Engine (BRE) enabled LOS System ✓ Video of AI driven personal discussion for Credit Assessment ✓ Showcasing Credit Appraisal Memo (CAM) report 81
Slide 83: ₹1,00,000 crore AUM
Team MAS remains dedicated to realizing its vision of reaching a milestone of ₹1,00,000 crore AUM in the next decade, leveraging a track record of “Proven Performance” over the past three decades and pursuing “Compounding with Prudence” in the years ahead, following the dictum of excellence through
Slide 84: Best Wishes
MAS Financial Services Limited Registered Office 6, Ground Floor, Narayan Chambers, Ashram Road, Ahmedabad-380009 www.mas.co.in Investor Contact Mr. Ankit Jain BEST WISHES Chief Financial Officer 079-41106682 ankit_jain@mas.co.in Mr. Meet Chande Assistant Vice President 079-41106551 meet_chande@mas.
MAS Financial Services — Investor Day (February 2026) on 6ix