Mahindra & Mahindra Financial Services Ltd, the wholly-owned subsidiary of automotive giant Mahindra & Mahindra, has posted a net profit of Rs 109.95 crore for the quarter ended March 31, 2009 as compared to Rs 76.90 crore for the quarter ended March 31, 2008.
In addition, the company has also registered jump in its total income from Rs 364.09 crore for the quarter ended March 31, 2008 to Rs 401.50 crore for the quarter ended March 31, 2009.
Akshaya Prasad, the infrastructure head of financial services bigwig Goldman Sachs, has resigned after his nine-year stint at the company. He has joined private equity firm Greater Pacific Capital, where he has been appointed the co-head of Greater Pacific's India business.