For the latest full year (FY25), insurance broking contributes a mid‑single‑digit share to Mahindra & Mahindra Financial Services (Mahindra Finance) at the consolidated level, via its wholly owned subsidiary Mahindra Insurance Brokers Ltd (MIBL):

- MIBL – FY25 (standalone)

- Total income: ₹1,239.6 crore

- Profit after tax (PAT): ₹88.8 crore (mahindra.com)

- Mahindra Finance – FY25 (consolidated)

- Total income: ₹18,530 crore

- PAT: ₹2,261 crore (mahindra.com)

- Implied contribution of insurance broking (MIBL) to Mahindra Finance (FY25):

- As % of consolidated total income:

- ≈ 6.7% (₹1,239.6 cr / ₹18,530 cr)

- As % of consolidated PAT:

- ≈ 3.9% (₹88.8 cr / ₹2,261 cr)

For context, in FY24 MIBL’s contribution was roughly:

- Total income: ₹1,095.0 crore (≈ 6.9% of FY24 consolidated total income ₹15,970 crore)

- PAT: ₹123.5 crore (≈ 6.4% of FY24 consolidated PAT ₹1,943 crore) (mahindra.com)

So, insurance broking currently contributes about 6–7% of consolidated revenues and low‑to‑mid single‑digit (≈4–6%) of consolidated profits for Mahindra Finance, with FY25 showing a lower PAT share due to weaker broking profitability.

Note: These percentages are based on comparing MIBL’s standalone numbers with Mahindra Finance’s consolidated numbers; minor consolidation/elimination effects are ignored but typically not material. This also does not include the still‑nascent corporate agency insurance fee income that Mahindra Finance has indicated could be around 0.1–0.2% of standalone average assets over 1–3 years. (business-standard.com)

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