• AUM growth targets: MAS Financial's balance sheet has expanded from ₹2 crore in 1995 to ₹16,000 crore at a 34% to 35% CAGR, with management targeting ₹18,500 to ₹19,000 crore by March and ₹1 lakh crore over the next decade.
• Bond liability mix: Listed bonds currently account for 15% to 17% of total liabilities, supported by increased retail investor participation and market liquidity that now allows debt placements of 2 to 3-year tenures.
• Cost management focus: Profitability is driven by strictly controlling operational costs and credit costs, as overall borrowing costs remain largely dependent on repo rates and broader market liquidity.
• Credit market outlook: Management projects that sustaining 7% national economic growth will require credit expansion of 20% to 21%, creating multi-decade growth headroom for prudent MSME lenders.