M&M Financial Services has announced its strategic financial targets and cost projections, outlining a phased approach to achieving enhanced profitability metrics. The company has set clear objectives for return on assets while maintaining disciplined cost management.

Return on Assets Strategy

The financial services company has established a two-tier approach to its ROA targets. The initial focus involves achieving a 2% Return on Assets, which will serve as a foundation for the company's broader profitability goals.

Credit Cost Management

M&M Financial Services has provided guidance on its expected credit costs, projecting these expenses to remain within a specific range. The company anticipates credit costs will stay between 1.5% and 1.7%, reflecting a controlled approach to risk management.

Management Outlook

The company's management has demonstrated confidence in their ability to maintain the projected credit cost range. This confidence suggests robust risk assessment capabilities and effective portfolio management strategies that support the achievement of their stated financial objectives.

M&M Financial Services has announced a key senior management appointment, naming Jaspreet Singh Chadha as Chief Business Officer - Mortgages effective February 1, 2026. The appointment was approved by the Board of Directors during their meeting held on January 28, 2026, following a recommendation from the Nomination and Remuneration Committee.

Appointment Details

The company has disclosed the appointment in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The following table summarizes the key appointment details:

Professional Background

Jaspreet Singh Chadha brings approximately 24 years of extensive experience across prominent financial institutions. His career spans multiple leading organizations including Mahindra Finance, Bajaj Finance, Citibank NA India, ICICI Bank Ltd., Birla Management Corporation, and Swaraj Mazda.

In his most recent role, Chadha has been serving as Chief Executive Officer of Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra & Mahindra Financial Services Limited, since February 1, 2025. During his tenure at MRHFL, he has played a pivotal role in growing the mortgage business, particularly in housing loans.

Educational Qualifications

Chadha holds strong academic credentials that complement his professional experience:

• Post Graduate Diploma in Management from IIM Kozhikode
• BE (Mechanical) from Punjab University

Transition Arrangements

As part of the transition to his new role at Mahindra Finance, Chadha will be stepping down from his position as CEO of MRHFL with effect from January 31, 2026. This strategic move positions him to leverage his mortgage business expertise in his expanded role as Chief Business Officer - Mortgages at the parent company.

The appointment reflects the company's focus on strengthening its mortgage business segment by bringing in experienced leadership with proven track record in housing finance and mortgage operations.