Non banking finance company, Mahindra Finance is planning to increase its profit this fiscal by as much as 30-35%.

"Reach is our strength. We have opened another 80 branches and we are spread across the country," said Ramesh Iyer, Managing Director of the NBFC.

He said that the company is also increasing its hold in the heavy commercial vehicles and construction equipment segment.

The fiscal last ended saw non performing assets (NPAs) of the company dip to 0.5% as compared to 0.8% in the year prior to that.

The company also plans to hire more employees this fiscal. It currently has an employee strength of 10,300 to which it plans to add 1000 more employees.