MAS Financial Services Limited held a comprehensive investor and analyst meeting on February 16, 2026, presenting its ambitious Vision 2036 strategy to achieve INR1 lakh crores Assets Under Management (AUM) within the next decade. The meeting, conducted at Mumbai, showcased the company's commitment to "Proven Performance Compounding with Prudence" while maintaining its strategic focus on sustainable growth.

Vision 2036: Strategic Roadmap

Chairman and Managing Director Kamlesh Gandhi outlined the company's Big Hairy Audacious Goal (BHAG) of reaching INR1 lakh crores AUM by 2036, prioritizing risk management and profitability. The vision builds upon the company's 30-year track record of consistent performance since turning corporate in 1995.

Robust Financial Performance

Executive Director and CEO Darshana Pandya highlighted the company's resilience during challenging periods over the last decade, including demonetization (2016-17), GST implementation (2017-18), NBFC crisis (2018-19), COVID-19 pandemic (2019-21), regulatory overhang (2023-24), and overleveraging concerns (2024-25).

Diversified Product Portfolio

The company operates across six major product categories with strong asset quality metrics:

MSME Segment (70-72% of Portfolio)

• Micro Enterprise Loan: INR5,500+ crores portfolio, 2.87% GNPA, 1.64% NNPA
• SME Loan: INR4,900+ crores portfolio, 1.49% GNPA, 1.15% NNPA

Wheels Portfolio (14% of Portfolio)

• Two-Wheeler Loan: INR1,022 crores portfolio, 3.35% GNPA, 2.34% NNPA
• Commercial Vehicle Loan: INR1,055 crores portfolio, 4.14% GNPA, 3.22% NNPA

Consumer Finance

• Salaried Personal Loan: INR1,185 crores portfolio, 3.45% GNPA, 2.61% NNPA
• Housing Loan: INR859 crores portfolio, 0.97% GNPA, 0.67% NNPA

Technology Leadership

The company demonstrated its advanced in-house developed Loan Origination System (LOS) featuring:

• Business Rule Engine (BRE): Algorithmic decision-making with real-time data triangulation
• AI-Powered Features: Real-time personal discussions with multi-language translation
• Digital Integration: GST API integration, Aadhaar-based OCR, face-match verification
• End-to-End Digitization: Single-day TAT for retail products, 1-3 days for SME/MEL

Growth Drivers and Strategy

SME Vertical Leadership

Executive Director Dhvanil Gandhi outlined SME's contribution target of 25-30% in Vision 2036, growing from current INR5,000 crores to approximately INR25,000 crores AUM. The strategy includes:

• Expansion from 27 to 50 specialized SME branches
• Product suite ranging from INR10 lakhs to INR5 crores
• Yield matrix spanning 12% to 19%
• Focus on collateralized, supply chain, business loans, and embedded finance

Retail Asset Channel Excellence

Chief Operating Officer Vivek Vyas emphasized the 15-year track record of the NBFC partnership model:

Housing Finance Growth

Executive Vice President Himanshu Kanakhara presented the housing subsidiary's robust performance:

Risk Management and Capital Strategy

Chief Risk Officer Nishant Jain outlined the comprehensive risk framework maintaining GNPA at 2.56% and NNPA at 1.72% as of December 2025. Chief Financial Officer Ankit Jain presented the capital management strategy:

Future Outlook

The management expects 2-3 capital raises during the Vision 2036 journey, with immediate targets reaching INR20-22,000 crores AUM. The strategy emphasizes maintaining 20-25% off-book transactions through direct assignment and co-lending arrangements for capital efficiency.

The company's approach combines proven fundamentals with technological innovation, positioning it to achieve sustainable growth while maintaining risk discipline and stakeholder value creation over the next decade.

MAS Financial Services Limited has officially announced its upcoming Investor & Analyst Day, scheduled to take place on February 16, 2026. The company has informed both major stock exchanges about this significant corporate event as part of its regulatory compliance obligations.

Event Details and Schedule

The Investor & Analyst Day has been strategically planned to provide comprehensive insights to the investment community. The event details are structured as follows:

Regulatory Compliance and Information Sharing

The company has emphasized its commitment to regulatory compliance by notifying the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MAS Financial Services has clearly stated that all discussions during the event will be based exclusively on publicly available information.

The company has specifically noted that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions, ensuring full compliance with securities regulations and maintaining transparency standards.

Exchange Notifications

MAS Financial Services has formally communicated the event details to both major Indian stock exchanges:

• BSE Limited (Scrip Codes: 540749, 947381)
• National Stock Exchange of India Limited (Trading Symbol: MASFIN)

The notification was signed by Riddhi Bhaveshbhai Bhayani, Company Secretary and Chief Compliance Officer (ACS No.: 41206), and digitally authenticated on February 09, 2026.

Important Considerations

The company has included a disclaimer noting that changes may occur due to exigencies on the part of investors, analysts, or the company itself. This flexibility clause ensures that the event can be adapted if necessary while maintaining the commitment to stakeholder engagement and transparency in corporate communications.