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MAS Financial Services Strengthens Senior Management Bandwidth

Posted On: 2019-11-07 09:01:39

MAS Financial Services (MAS), a specialised retail financing services company headquartered in Ahmedabad has announced that in a move to strengthen its senior management bandwidth, the company has created certain new senior positions and has elevated some of the existing key management personnel (KMPs). All the new appointments were approved by the board in its meeting held on November 6, 2019.

MAS Financial's current board member and Chief Operating Officer (COO), Mrs. Darshana Pandya is now elevated to a newly carved role of Chief Executive Officer (CEO) and member of the board. In her new role as the CEO, Mrs. Pandya will lead the organisation under the guidance of the board and will be responsible for MAS Financial's strategic growth initiatives. Mrs. Pandya has been with MAS Financial for the past 23 years.

The company has elevated the current Vice President - Finance, Mr. Ankit Jain to the position of Chief Financial Officer (CFO). Mr. Jain will continue to lead the company's debt and capital raising programs and will play a key role in value creation for stakeholders. Mr. Jain is with the company since 2010.

Besides these appointments, filA!ii Financial has also elevated the current Head - Risk Monitoring, Mr. Nishant Jain to a new position of Chief Risk Officer; and the current Vice President - Retail Asset Channel, Mr. Dipak Dangar to a new role of Chief Operating Officer - Retail Asset Channel (COO - RAC).

This management team will support and work closely with Mr. Kamlesh Gandhi, Chairman & Managing Director and Mr. Mukesh Gandhi, Wholetime Director, along with other board members. "With their rich experience and a long track record of working with MAS Financial Services, these promotions are well deserved and in-line with our endeavour of recognizing and promoting the personnel from the ranks and to have a succession roadmap by creating a strong senior level bandwidth. I congratulate them on their new roles and look forward to working with them to make MAS Financial Services one of the most efficient distributors of financial services and create value on a very large scale." said Mr. Kamlesh Gandhi, Chairman & Managing Director, MAS Financial Services limited.

Shares of MAS Financial Services Ltd was last trading in BSE at Rs.717.4 as compared to the previous close of Rs. 704.3. The total number of shares traded during the day was 581 in over 85 trades.

The stock hit an intraday high of Rs. 722 and intraday low of 696. The net turnover during the day was Rs. 416311.


Source: Equity Bulls

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