From the Desk of Founder Chairman & MD
My Dear shareholders
I am delighted to present to you the financial results for FY 2018-19.MAS crossed र 5000 crores in Assets under Management one more important milestone in thejourney of the Company; creating an enabling base for the coming decades. A steady growthfrom hereon will make this Company very formidable in size.
While this being an important achievement we at MAS believe that wehave just started. The belief at MAS right from the inception is "Every time wereach a milestone we feel we have just begun". This attitude has and will continue toplay an important role in all our future achievements.
The year was marked by very significant events in the industry thetime where the fundamentals the resilience along with the prudence of the strategy wasput to test.
I am happy to share that the Company could not only achieve the desiredobjective in terms of Assets under Management and profitability with impeccable qualitybut grew immensely in confidence that the strategy followed over the years has thestrength to navigate through tough environment.
Through a very prudent liability management we could very successfullynavigate the situation without any negative impact on the profitability of the Company.
Execution is the key to success. The Company continues to pay immensefocus on the efficient execution of its strategy which is a continuous task to be workedupon and canRst be worked out. Focus on efficiency is a constant endeavour at MAS.
Serving the MSME segment through various distribution channelsdepending upon the demography remains the key area of our working. The customers we caterto requires not only credit but advisory which can potentially change the way theyunderstand their business from the financial perspective. We are committed to add value tothese segments and are confident to grow along with them besides adding new customerswhich is a huge opportunity. The Company also endeavours to extend credit to the
Two-Wheeler and the CV segment which once again is a huge market to beserved.
Serving the affordable housing segment through our subsidiary MAS RuralHousing & Mortgage Finance Ltd. is also one of the key focus areas of our working. Wefirmly believe that going forward this will contribute significantly in our overallgrowth.
Creating entrepreneurs and not just borrowers is the primary objectiveof the Company by "Extending credit where it is due" thus being catalyst inpromoting a very creditworthy ecosystem.
As an organisation grows the human resource also has to cope up withthe increased responsibilities. The Company is working tirelessly to train and empower thesenior personnel to have a 360 degree view of the business namely to define theobjectives strategise execute and lead by example to attain the objective defined.
The year ahead as always has challenges which we reckon asopportunities. Team MAS is looking forward to give its best in terms of effortsdedication and energy and I am confident that we will be able to realise the set objectiveof quality growth.
I sincerely acknowledge the support of the board team MAS and all thestakeholders.
Let me reiterate on behalf of team MAS the commitment to our missionof "Excellence through Endeavours" and maximising shareholder's value aware ofthe fact that we have miles to go and promises to keep and I trust together we can and wewill...
Kamlesh C. Gandhi
Chairman and Managing Director
Board of Directors
Mr. Kamlesh C. Gandhi
Founder Chairman & Managing Director
He manages the Company with the guidance and support of the Board. Heis a proficient and experienced industry practitioner with a brilliant track record. Hehas over two decades managed and propelled the Company's growth. His understanding andvision is among the key enablers for the consistent performance of the Company.
Mr. Mukesh C. Gandhi
Co-Founder Whole-Time Director & CFO
He is actively involved in the strategic decisions of the Company. Heis a well- known industry expert and a popular public speaker on various issues inFinance. He is an academician and Chairman of Gujarat Finance Company Association and alsothe Committee Member of Finance Industry Development Council (FIDC).
Mrs. Darshana S. Pandya
Director & COO
She is responsible for leading the operations at MAS and also therelationship of the Company with its more than 100 NBFC-MFI & NBFC Partners. She is acommerce graduate who joined the Company in 1996 as a junior executive and through herhard work immaculate working and determination to excel accompanied by enabling supportfrom the management; rose to the level of Director.
Mr. Balabhaskaran N. Nair
He is a management graduate with two decades of experience in theconsultancy and financial sector. He has a number of management consultancy inputs fromhis rich experience. He has done his engineering from IIT-Madras MBA from IIM-Bangaloreand CFA from ICFAI.
Mr. Chetan R. Shah
He holds bachelor's degrees in commerce and law (general) from GujaratUniversity. He is also a qualified chartered accountant registered with the Institute ofChartered Accountants of India. He has over 33 years of experience in the financialservices sector and has in the past worked with the Natpur Co-operative Bank as theManager - Finance.
Mr. Umesh R. Shah
He is a Chartered Accountant. He has more than 35 years of experiencein the diverse fields connected with Finance Accounting Auditing and Taxation. He alsohas 5 years hands-on experience of working in an NBFC.
Mrs. Daksha Niranjan Shah
She is a business graduate from Indian Institute of Management (IIM)Ahmedabad specialising in Finance and Marketing and also a student of Economics andStatistics. She has rich experience of more than three decades in diversified fields ofTextile Chemical and Financial services. She has undergone various courses such as thecourse in Microfinance at the Economic Institute Boulder Colorado USA.
|Mr. Kamlesh C. Gandhi ||Chairman & Managing Director |
|Mr. Mukesh C. Gandhi ||Whole-Time Director & Chief Financial Officer |
|Mrs. Darshana S. Pandya ||Director & Chief Operating Officer |
|Mr. Balabhaskaran N. Nair ||Independent Director |
|Mr. Chetan R. Shah ||Independent Director |
|Mr. Umesh R. Shah ||Independent Director |
|Mrs. Daksha N. Shah ||Additional Director |
|Mr. Mukesh C. Gandhi ||Chief Financial Officer |
|Ms. Riddhi Bhaveshbhai Bhayani ||Company Secretary & Compliance Officer |