Avendus Capital Advises MAS Financial Services Ltd on Raising Growth Capital From Deg – Deutsche Investitions- Und Entwicklungsgesellschaft Mbh.

MAS Financial, a leading retail non-banking financial company (NBFC) in Gujarat, has raised growth capital from DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH. With over two decades of experience in doorstep financing, MAS caters to the specialised financial needs of MSME’s. It also provides loans for financing two wheelers, CVs and affordable housing.

Avendus Capital was the exclusive financial advisor to MAS Financial Services Ltd for this transaction.

Deal Value

Undisclosed

Service

Structured Finance

Sector

Financial Institutions Group

Date

August 2012

Our in depth understanding of the local needs and repayment capabilities along with a robust network spread across six states, has helped us grow a sound portfolio. We are happy that DEG was able to see immense value in our business model and will work with us towards creating a national footprint.

Mr. Mukesh Gandhi

Promoter and Director Finance MAS Financial

NBFCs focusing on retail-MSME lending are one of the fastest growing sectors in the Indian financial services industry. MAS Financial is a leading NBFC in Gujarat and is expanding into other logical commercial hubs across India. With a sound business model, prudent capital raising, robust risk management strategy and flawless execution, it has all the constituents required to create a leadership position in the NBFC segment.

Kaushal Aggarwal

Co-founder, Avendus

About MAS Financial | DEG – Deutsche Investitions- Und Entwicklungsgesellschaft Mbh

MAS Financial is a leading retail Non Banking Finance company with presence across Gujarat, Maharashtra and Rajasthan, focusing on micro enterprises/MSME loans, two wheelers loans, commercial vehicle and affordable housing finance.

DEG, a subsidiary of KfW and one of Europe's largest development finance institutions, finances investments of private companies in developing and transition countries. DEG has been committed to private-sector investments in India since 1964. Drawing upon its many years of experience in India as well as in other developing countries, it provides valuable assistance to companies in realizing their investment projects. DEG invests in companies across the sectors that contribute to sustainable development of the economy. DEG’s India portfolio currently stands at over EUR 500 million spread across about 50 companies.