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Mahindra & Mahindra Limited (MAHMF) Shareholder/Analyst Call Transcript

Anish Shah MD, Group CEO, Member of the Group Executive Board & Director Good morning, everyone. It’s a pleasure to be here with you today. And we have an exciting announcement, as you’ve seen, something that we feel will add significant value for our shareholders. And let me start with outlining some of the reasons for it and how we’re going to go about it. So let’s start with a question that we asked first and that you may have today. Why life insurance? As we looked at various opportunities, we felt that this is a very compelling one. And in fact, one that I had mentioned about 1. 5 years ago when we were looking at various different options saying this could be a potential for us to look at. It’s one that can create meaningful value, which you will see. It was important for us to ensure we had a strong right to win. And many of you will recall the criteria that we had put out saying anything new that we do, we’ll follow this criteria, and we will show that criteria again. But in many ways, this is not something new. This is an extension of financial services for us as we strive to be the financial services provider of choice, insurance is an important part. And that’s the reason why we feel it will be very positive for Mahindra Finance from a financial services standpoint. It’s going to be accretive to ROA. And from an investment.
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