MAS Rural Housing and Mortgage Finance Limited
- Introduction
- Vision & Mission
- Founders
- Board of Directors
- Downloads
MAS Rural Housing & Mortgage Finance Ltd. (MRHMFL) is a housing finance company registered with the National Housing Bank. It is proudly promoted by MAS Financial Services Ltd. (MFSL), a distinguished institution with over 30 years of excellence in financial services.
Initially operating solely in Gujarat, MFSL has expanded its presence across 13 states with a network of over 200 branches and a combined Assets Under Management (AUM) of ₹11,600 crore, reflecting its strong financial foundation and extensive reach. Committed to delivering dependable financial solutions, MFSL also fosters growth opportunities for its employees.
MFSL began its journey with two-wheeler financing and gradually diversified into MSME, SME, Housing, Commercial Vehicle, Auto, Business, and Personal loans. To cater specifically to housing finance, MAS Rural Housing & Mortgage Finance Ltd. (MRHMFL) was established in 2007, marking a significant milestone in its expansion.
MAS is dedicated to helping millions of Indians achieve their dream of homeownership, focusing on the middle-income segment—an essential driver of the housing industry. This segment, often informal yet creditworthy, spans urban, semi-urban, and rural areas. With over three decades of deep market expertise, MAS is well-positioned to serve this sector and act as a catalyst in fulfilling the aspiration to "OWN A HOME."
Staying true to its core principle of "Credit where it is due," MAS continues its legacy of building quality assets and empowering individuals with financial access, reinforcing its commitment to responsible and inclusive lending.
Vision
Together realize the dream of every individual to “OWN A HOME.”
Mission
To be a very significant provider of efficient financial services in the housing loan segment, thereby being the catalyst in realizing the dreams of the millions of households, especially among the LIG and MIG class in semi urban and rural areas and create value on a very large scale.
Founders
Mr. Kamlesh Gandhi
Founder
Mr. Kamlesh C. Gandhi is a proficient and experienced industry practitioner with a brilliant track record, which includes over two decades of managing and propelling the MAS Group’s growth. He manages the Company with the guidance and support of the Board and his own understanding and vision are among the key enablers for the consistent performance of the Company. He is the member of Banking and Finance taskforce of Gujarat Chambers of Commerce and Industry, Vice Chairman of Gujarat Finance Company Association, Co-Chairman of FIDC, an industry body of NBFCs, Co-Chairman of ASSOCHAM MSME Development Council and a member of SME Chamber of India. He is also the Managing Trustee of Smt. Urmilaben Chimanlal Gandhi Foundation. The Foundation currently contributes towards the financial needs in health care and education.
Mr. Mukesh Gandhi
Co-founder
Shri Mukesh Gandhi (October 20, 1957 – January 19, 2021) was the Whole time Director & CFO of the Company and played an important role in bringing the Company to its present level from a humble beginning in the year 2007, based on very strong fundamentals. He was filled with positivity, enthusiasm, zeal, kindness and pragmatism. During the course of his entrepreneurial mission, he had set a number of revolutionary precedents. The Company had and is immensely benefitted from his vision and vigilance. Further he was a well-known industry expert and a popular public speaker on various issues on Finance.
Board of Directors
Mr. Kamlesh Gandhi
Chairman & Managing Director
Mr. Kamlesh C. Gandhi is a proficient and experienced industry practitioner with a brilliant track record, which includes over two decades of managing and propelling the MAS Group’s growth. He manages the Company with the guidance and support of the Board and his own understanding and vision are among the key enablers for the consistent performance of the Company. He is the member of Banking and Finance taskforce of Gujarat Chambers of Commerce and Industry, Vice Chairman of Gujarat Finance Company Association, Co-Chairman of FIDC, an industry body of NBFCs, Co-Chairman of ASSOCHAM MSME Development Council and a member of SME Chamber of India. He is also the Managing Trustee of Smt. Urmilaben Chimanlal Gandhi Foundation. The Foundation currently contributes towards the financial needs in health care and education.
Mrs. Darshana Pandya
Director & COO
Mrs. Darshana S. Pandya is responsible for leading the operations at MAS. She is also the driving force behind forging relationships between the Company and its partners which amount to over 100 NBFC-MFIs and NBFCs. After completing her graduation in Commerce, she joined the MAS group in 1996 as a junior executive. Through her hard work and determination to excel and with support from the management, she has risen to the level of Director & COO.
Mr. Umesh Shah
Director
Mr. Umesh R. Shah is a qualified Chartered Accountant. He has over three decades of experience in diverse fields connected with Finance, Accounting, Auditing and Taxation. He also has 5 years of hands-on experience of working in an NBFC.
Mr. Subir Nag
Independent Director
Mr. Subir Nag is an electrical engineer from Jadavpur University and MBA in finance from XLRI Jamshedpur. He is having more than 15 years of experience in Project Management, Investment Banking and Corporate Finance. Previously he was Director and Head-Mezzanine Fund at ICICI Venture Fund Management Limited.
Mrs. Daksha Niranjan Shah
Independent Director
Mrs. Daksha Niranjan Shah is a business graduate from Indian Institute of Management (IIM), Ahmedabad, where she specialized in Finance and Marketing; she is also a student of Economics and Statistics. She has rich experience of more than three decades in diversified fields of Textiles, Chemicals and Financial services. She has undergone various courses such as the course in Microfinance at the Economic Institute, Boulder, Colorado, USA.
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