Manappuram Finance Ltd. (India)

Manappuram Finance Ltd. is a gold loan non-banking financial company (NBFC) located in Thrissur, Kerala, India. It was founded in 1949 by Mr. V.C. Padmanabhan in the coastal village of Valapad. The company started as a pawn broking and money lending business. In 1986, Shri V.P. Nandakumar took over as the MD & CEO after his father's passing. Manappuram Finance Ltd. has experienced significant growth since its incorporation in 1992. It currently operates over 5000 branches across 28 states/UTs in India, with assets under management (AUM) of Rs. 354.52 billion and a workforce of over 45,000 employees. The company has achieved several milestones throughout its history. It was the first NBFC in Kerala to receive a Certificate of Registration from the RBI and to go for an IPO in 1995. In 2007, it became the first Kerala-based NBFC to receive investment from foreign institutional investors (FIIs). Manappuram Finance Ltd. also obtained the highest short-term credit rating of A1+ from ICRA. In 2010, it became the first Kerala-based NBFC to offer ESOPs to its middle and senior management. Manappuram Finance Ltd. is known for its technological innovations in the gold loan industry. It was one of the earliest adopters of the "core banking" platform and developed its own proprietary solutions for gold loans. The company's technology platform is one of its core strengths, enabling streamlined procedures, advanced risk management practices, and the launch of innovative products like "Online Gold Loans." In addition to gold loans, Manappuram Finance Ltd. has diversified into other business areas such as microfinance, vehicle and housing finance, and SME lending. The company aims to become a leading player in the financial services sector, offering a range of products including home loans, vehicle finance, microfinance, MSME loans, and gold loans. Manappuram Finance Ltd. is a professionally run company with Shri V.P. Nandakumar as the promoter and MD & CEO. The company is traded on both the BSE and NSE. It is managed by a Board of Directors headed by Shri Shailesh Mehhta as Chairman. The company also focuses on corporate social responsibility (CSR) initiatives through the Manappuram Foundation, which provides health insurance and professional education coaching to low-income households. The company's main products and services include gold loans, online gold loans, business loans, personal loans, doorstep gold loans, forex and money transfer, vehicle loans, digital personal loans, micro home finance, and other loans and services. Manappuram Finance Ltd. is headquartered at Manappuram House, Valapad, Thrissur, Kerala, India.