What we do Manappuram Finance Ltd is a leading Indian NBFC primarily engaged in gold loans, microfinance, housing finance, vehicle loans, and SME financing. |
Founded in 1,992 |
Market share Among the largest NBFCs in India with a diversified loan portfolio and presence across 5,350 branches serving over 2.5 million customers. |
Problem solved Provides quick, collateral-backed credit solutions to underserved retail and SME customers, enhancing financial inclusion in semi-urban and rural India. |
Top clients or who we serve Serves retail gold loan customers, microfinance clients (primarily women), affordable housing borrowers, vehicle finance customers, and SMEs. Mix of B2C and B2B. |
Key management Shailesh J. Mehta (Chairman), Nandakumar V.P. (Managing Director & CEO), Dr. Sumitha Nandan (Executive Director) with strong financial sector experience. |
Our journey and innovations Started in 1949 as a money lender; expanded branch network, diversified into microfinance, housing, vehicle loans and insurance; pioneered shorter tenure gold loans. |
Where we operate Pan-India presence with major markets in southern and eastern India; subsidiaries serving broader microfinance and housing finance sectors. |
Top products or what we offer Gold loans, microfinance (via Asirvad MFI), home loans (Manappuram Home Finance), vehicle and SME loans, insurance broking. |
Top brands Manappuram Gold Loans (#1 in category, extensive reach), Asirvad Microfinance (pan-India MFI), Manappuram Home Finance (growing affordable housing), MAIBRO Insurance broking. |
Raw materials needed Not applicable as a financial services company. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Revenue predominantly recurring from interest on loans; microfinance and gold loans are major contributors. |
Our industry position Strong position as a top gold loan NBFC with growing microfinance and housing finance businesses. |
Financial highlights FY 2024-25 consolidated revenue approximately Rs 10,007 crore with PAT of Rs 1,216 crore; steady growth in AUM and profitability. |
Geographical revenue split Primary revenue from Indian operations across multiple states, especially southern markets. |
Order book Not applicable; revenues driven by ongoing loan portfolio and interest income. |
Whats driving growth Growth driven by gold loan demand, expansion of microfinance and housing finance, digital initiatives and branch network growth. |
Our future plans Expand in microfinance, affordable housing, and vehicle finance; enhance digital lending platforms and branch footprint. |
Our green promise Committed to ESG with initiatives in community development and environmental sustainability via Manappuram Foundation. |
Our people and values Over 5,000 branches employing thousands; focus on ethics, transparency, employee engagement, and learning with CHRO-led HR initiatives. |
Key challenges ahead Managing asset quality amid economic cycles, regulatory compliance, intense competition, and operational risks including cybersecurity. |
Interesting facts Manappuram holds over 59 metric tonnes of household gold under custody; first MFI with AA- rating by CRISIL in India. |
Risks and strategy Focused on risk management via Enterprise Risk Framework; mitigates credit, operational, and market risks with strong governance. |
