MAS Financial Services Limited (MAS Financial) has appointed Dhvanil Gandhi as executive director of its subsidiary MAS Rural Housing & Mortgage Finance Limited (MRHMFL), the company said on twelve May 2026. The appointment is effective immediately and adds to the board and leadership team at MRHMFL as it expands its rural housing and mortgage finance operations. The parent company, MAS Financial, is listed on BSE and NSE and specialises in MSME financing.

Gandhi brings more than a decade of experience with MAS Financial, where he has helped strengthen the small and medium enterprise lending business across India and driven initiatives in the insurance vertical. He was instrumental in obtaining the insurance broking licence which expanded the group’s capacity to serve a wider customer base and support insurance penetration. He is also active in investor relations and contributes to the company’s technology led initiatives.

He holds a bachelor of business administration from Ahmedabad University and a postgraduate degree from the Indian School of Business, Hyderabad, and has participated in executive programmes at Kellogg School of Management, IE Business School, London School of Economics and Political Science and the National University of Singapore. The appointment follows the company’s strategic focus on building leadership depth and enhancing product capability for rural markets. The company recorded steady growth in its lending franchises and said leadership appointments are part of its ongoing governance and expansion plans.

The founder, chairman and managing director noted that the appointment will strengthen the board and leadership at MRHMFL and support its strategic objectives. The board authorised the appointment at its meeting and disclosed the change in regulatory filings on the same date. The company signed and filed the formal appointment documents and updated statutory records to reflect Gandhi’s new role.