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MAS Financial Services shareholders and shareholding pattern

NSE: MASFINBSE: 540749FinanceSmall Cap

Last close ₹247.40down ₹7.55 (2.96%)BSE ₹247.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹254.95.

52-week range of traded prices to 23 Oct 2026
₹243.55Low, 23 Oct 2026₹358.85High, 4 May 2026
Market cap
₹4,489 Cr740th largest listed
P/E
11.4
P/B
1.5
Dividend yield
0.81%
ROE
14.1%
NIM
6.51%
Cost of funds
9.31%
Credit cost
1.77%
ROA
2.90%
Leverage
4.56times net worth
Volume, NSE
1,84,63051.4% delivered

Who owns MAS Financial Services, filing by filing

Per cent of the company's shares. Every filing on record, from Dec 2017; the latest is the filing for Sep 2026.

Sep 2026 filing

  • Promoters66.66%
  • Foreign institutions2.67%
  • Indian institutions19.99%
  • Individuals and others10.68%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Indian institutions
  • Individuals and others
Per centDec 2017Filed 17 JanMar 2018Filed 19 AprJun 2018Filed 18 JulSep 2018Filed 17 OctDec 2018Filed 5 JanMar 2019Filed 12 AprJun 2019Filed 11 JulSep 2019Filed 14 OctDec 2019Filed 13 JanMar 2020Filed 2 MayJun 2020Filed 7 JulSep 2020Filed 13 OctDec 2020Filed 5 JanMar 2021Filed 8 AprJun 2021Filed 14 JulSep 2021Filed 13 OctDec 2021Filed 20 JanMar 2022Filed 12 AprJun 2022Filed 19 JulSep 2022Filed 20 OctDec 2022Filed 17 JanMar 2023Filed 19 AprJun 2023Filed 17 JulSep 2023Filed 13 OctDec 2023Filed 9 JanMar 2024Filed 17 AprJun 2024Filed 16 JulSep 2024Filed 18 OctDec 2024Filed 17 JanMar 2025Filed 14 AprJun 2025Filed 19 JulSep 2025Filed 18 OctDec 2025Filed 20 JanMar 2026Filed 20 AprJun 2026Filed 18 JulSep 2026Filed 12 Oct
73.24%73.32%73.35%73.39%73.47%73.47%73.47%73.47%73.47%73.59%73.60%73.60%73.60%73.60%73.60%73.60%73.62%73.64%73.71%73.73%73.73%73.73%73.73%73.73%73.73%73.73%66.63%66.63%66.63%66.63%66.63%66.63%66.63%66.65%66.65%66.66%
Indian promoters73.24%73.32%73.35%73.39%73.47%73.47%73.47%73.47%73.47%73.59%73.60%73.60%73.60%73.60%73.60%73.60%73.62%73.64%73.71%73.73%73.73%73.73%73.73%73.73%73.73%73.73%66.63%66.63%66.63%66.63%66.63%66.63%66.63%66.65%66.65%66.66%
26.76%26.68%26.65%26.61%26.53%26.53%26.53%26.53%26.53%26.41%26.40%26.40%26.40%26.40%26.40%26.40%26.38%26.36%26.29%26.27%26.27%26.27%26.27%26.27%26.27%26.27%33.37%33.37%33.37%33.37%33.37%33.37%33.37%33.35%33.35%33.34%
Shares in issue5,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,0435,46,62,04316,39,86,12918,14,53,37718,14,53,37718,14,53,37718,14,53,37718,14,53,37718,14,53,37718,14,53,37718,14,53,37718,14,53,37718,14,53,377
Shares locked in4,46,22,7664,46,22,7664,46,22,7664,46,22,7661,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,410–––000000000000000––––––
Promoters' shares locked in4,00,13,3584,00,29,5014,00,29,5014,00,29,5011,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,4101,09,32,410–––000000000000000––––––
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of MAS Financial Services shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

ShareholdersDec 2017Filed 17 JanMar 2018Filed 19 AprJun 2018Filed 18 JulSep 2018Filed 17 OctDec 2018Filed 5 JanMar 2019Filed 12 AprJun 2019Filed 11 JulSep 2019Filed 14 OctDec 2019Filed 13 JanMar 2020Filed 2 MayJun 2020Filed 7 JulSep 2020Filed 13 OctDec 2020Filed 5 JanMar 2021Filed 8 AprJun 2021Filed 14 JulSep 2021Filed 13 OctDec 2021Filed 20 JanMar 2022Filed 12 AprJun 2022Filed 19 JulSep 2022Filed 20 OctDec 2022Filed 17 JanMar 2023Filed 19 AprJun 2023Filed 17 JulSep 2023Filed 13 OctDec 2023Filed 9 JanMar 2024Filed 17 AprJun 2024Filed 16 JulSep 2024Filed 18 OctDec 2024Filed 17 JanMar 2025Filed 14 AprJun 2025Filed 19 JulSep 2025Filed 18 OctDec 2025Filed 20 JanMar 2026Filed 20 AprJun 2026Filed 18 JulSep 2026Filed 12 Oct
All shareholders25,70923,07521,67120,96320,34319,98419,03917,64717,32419,29919,38622,37822,58223,89923,54425,84327,73430,49729,68125,81625,76124,76723,83728,99931,51444,54445,41550,51051,14849,59946,49643,23742,01640,10739,68539,282
566666666777777777777777777777777777
Indian promoters566666666777777777777777777777777777
25,70423,06921,66520,95720,33719,97819,03317,64117,31819,29219,37922,37122,57523,89223,53725,83627,72730,49029,67425,80925,75424,76023,83028,99231,50744,53745,40850,50351,14149,59246,48943,23042,00940,10039,67839,275
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

MAS Financial Services promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Shweta Kamlesh Gandhi, 27.01%. The filing names 13 more members with no shares.Promoter buying and selling

Holder
Shweta Kamlesh GandhiIndividuals and Hindu undivided families27.01%4,90,15,350
Kamlesh Chimanlal GandhiIndian companies, trusts and others26.71%4,84,70,442
Kamlesh Chimanlal GandhiIndividuals and Hindu undivided families10.51%1,90,75,572
Prarthana Marketing Private LimitedIndian companies, trusts and others2.18%39,52,671
Anamaya Capital LlpIndian companies, trusts and others0.17%2,99,982
Dhvanil K GandhiIndividuals and Hindu undivided families0.06%1,05,831
Dhriti Kamlesh GandhiIndividuals and Hindu undivided families0.02%36,162
No promoter shares are reported as pledged.

Largest public holders of MAS Financial Services, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding MAS Financial Services

HolderDec 2017Filed 17 JanMar 2018Filed 19 AprJun 2018Filed 18 JulSep 2018Filed 17 OctDec 2018Filed 5 JanMar 2019Filed 12 AprJun 2019Filed 11 JulSep 2019Filed 14 OctDec 2019Filed 13 JanMar 2020Filed 2 MayJun 2020Filed 7 JulSep 2020Filed 13 OctDec 2020Filed 5 JanMar 2021Filed 8 AprJun 2021Filed 14 JulSep 2021Filed 13 OctDec 2021Filed 20 JanMar 2022Filed 12 AprJun 2022Filed 19 JulSep 2022Filed 20 OctDec 2022Filed 17 JanMar 2023Filed 19 AprJun 2023Filed 17 JulSep 2023Filed 13 OctDec 2023Filed 9 JanMar 2024Filed 17 AprJun 2024Filed 16 JulSep 2024Filed 18 OctDec 2024Filed 17 JanMar 2025Filed 14 AprJun 2025Filed 19 JulSep 2025Filed 18 OctDec 2025Filed 20 JanMar 2026Filed 20 AprJun 2026Filed 18 JulSep 2026Filed 12 Oct
Business Excellence Trust Iii - India Business Excellence Fund IiiAlternative investment funds–––––––––––––––––––––––––7.40%6.69%6.69%6.69%6.69%6.69%5.58%5.58%4.60%4.19%4.19%
Bavaria Industries Group AgForeign portfolio investors, category II––––––––––––––––––––––––––––1.20%1.33%1.33%1.33%1.39%1.70%1.72%1.77%
M3 Investment Private LimitedCompanies–––––––––––––––––––––––––––––––––––1.42%
Business Excellence Trust IiiOther non-institutions––––––––––––––––––––––7.40%7.40%7.40%–––––––––––
Vistra Itcl I Ltd Business Excellence Trust Iii India BusinessOther non-institutions––––7.30%7.30%7.30%7.30%7.30%7.33%7.40%7.40%7.40%7.40%7.40%7.40%7.40%7.40%7.40%7.40%7.40%7.40%––––––––––––––
Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110Insurance companies––1.19%1.38%1.38%1.38%1.38%1.38%1.38%1.30%1.23%1.23%1.17%1.16%1.15%1.09%1.05%1.01%1.10%1.11%1.11%–––––––––––––––
Vistra Itcl I Ltd Business Excellence Turst Iii Inidia BusinessOther non-institutions7.36%7.30%7.30%7.30%––––––––––––––––––––––––––––––––
Timf HoldingsInstitutions Foreign Portfolio Investor1.39%1.14%––––––––––––––––––––––––––––––––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.