What we do Manba Finance Ltd is an NBFC providing tailored financial solutions including new and electric two and three-wheeler loans, used car loans, small business loans, and personal loans across India. |
Founded in 1,996 |
Market share Strong presence in six states with a dealer network of over 1,400, recognized for rapid loan approvals and low NPAs. |
Problem solved Addresses the financing needs of retail customers and small businesses for vehicle purchases and personal credit with quick, paperless loan disbursal. |
Top clients or who we serve Serves retail customers, small business owners, vehicle dealers; operates in B2C and B2B segments through dealer network and co-lending partnerships. |
Key management Manish K. Shah, Managing Director; Monil M. Shah, Whole-Time Director; Jay K. Mota, Chief Financial Officer; supported by an experienced board. |
Our journey and innovations Started in 1996; scaled vehicle financing from 2009; IPO in 2024 raised INR 150.84 crore; expanded across multiple states and launched new loan products including EV financing. |
Where we operate Active in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh with 113 branch locations. |
Top products or what we offer Financial products include two/three-wheeler loans (new & electric), used car loans, small business loans, and personal loans with fast approval processes. |
Top brands Manba Finance is the flagship NBFC brand focusing on vehicle and personal financing across multiple states with strong dealer partnerships. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Primarily recurring revenue from interest on loan portfolio, with growth driven by disbursements and asset under management expansion. |
Our industry position Growing NBFC with CARE BBB+ rating, notable for low credit losses, strong capital adequacy, and efficient loan sourcing from diversified banks and NBFCs. |
Financial highlights FY25 revenue INR 250.45 Cr, profit INR 37.8 Cr; 3-year CAGR ~39% AUM growth and ~57% PAT growth. |
Geographical revenue split Revenues mainly from Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. |
Order book - |
Whats driving growth Growth driven by vehicle financing expansion, EV loans, new product launches, digital onboarding, and strategic partnerships like with TVS Motor Company. |
Our future plans Further geographic expansion, technology investments, increased dealer network, enhancement of product portfolio and digital customer experience. |
Our green promise Focus on financing electric vehicles supporting environmental sustainability and reduced carbon emissions. |
Our people and values 1,690+ employees focused on customer service excellence with strong training programs and merit-based work culture. |
Key challenges ahead Managing asset quality amid rapid expansion and maintaining competitive cost of funds in evolving regulatory landscape. |
Interesting facts Strong IPO oversubscription of 224 times in 2024; 1 million customers reached; rapid loan approvals with 60% sanctioned in under one minute. |
Risks and strategy Credit risk managed via strong collection infrastructure; diversified funding mitigates liquidity risk; strategic focus on technology and co-lending to sustain growth. |
