M & M Financial Services:

• ·         51.2% subsidiary of M&M
• ·         Provides finance for purchase of New / Old Auto and Utility vehicles, Tractors, Cars, Cmmercial Vehicles, Construction equipments, Rural Housing Finance, Insurance and other financial services.
• ·         50% business comes from M&M : 29% M&M Auto and 19% M&M Tractors.
• ·         Gross NPA @ 3%, Net NPA @ 1%
• ·         Net Interest Spread: 4%
• ·         Automobile Finance Market : to grow @ 19% to 21% over next 5 years.
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• ·         Expanding geographically : over lat 5 years, branch network grew 4 times.