About Manappuram Finance Limited

Manappuram Finance Limited is one of India’s leading non-banking financial companies, with its roots tracing back to 1949 when Shri V. C. Padmanabhan began offering loans against jewellery in Valapad, Kerala. The company was incorporated as a public limited company on July 15, 1992, and its equity shares are listed on both BSE and NSE. It is registered with the Reserve Bank of India as a Systemically Important Non-Deposit Taking NBFC and is classified in the Middle Layer (NBFC-ML) under Scale Based Regulation.

The company offers a wide range of fund- and fee-based services, including gold loans, financing of commercial and passenger vehicles, construction and farm equipment, MSME loans, two-wheeler and personal loans, foreign exchange services, housing finance, microfinance, vehicle and equipment finance, insurance distribution and tech-enabled services through its subsidiaries. Its registered office is located at Valapad, Thrissur, Kerala.

Manappuram Finance has built a pan-India franchise with over 4,100 locations across 25 states, serving urban, semi-urban and rural customers. It operates four subsidiaries. Over the years, the company has achieved key milestones, including pioneering Online Gold Loans (OGL), deploying a cellular vaulting mechanism, and establishing itself as the country’s second-largest gold loan NBFC. As of March 31, 2025, 82 per cent of its gold loans were disbursed via OGL, underlining its tech-driven leadership.

Business Segment of Manappuram Finance Limited

Retail financial services form the backbone of the company’s operations, dominated by gold loans but diversified across MSME lending, vehicle and equipment finance, two-wheeler and personal loans, housing finance, microfinance, forex and insurance distribution.

Manappuram Finance Limited’s Key Management Team

• Shailesh J Mehta – Chairman

• V. P. Nandakumar – Managing Director & CEO

• Dr. Sumitha Nandan – Whole Time Director

• Bindu A. L – Chief Financial Officer

• Manoj Kumar V. R – Company Secretary & Compliance Officer

Latest Updates on Manappuram Finance Limited

Digital scale-up: Online Gold Loans accounted for 82 per cent of the gold loan book by March 31, 2025, enabled by multilingual, app-based access and instant disbursement.

Cybersecurity and technology: The company strengthened its digital stack and received ISO 27001:2022 certification for its cybersecurity framework.

Gold loan franchise: Gold loan AUM increased by 18.7 per cent year-on-year to ₹25,586 crore, with the Loan-to-Value ratio at 57 per cent as of March 31, 2025.

Microfinance recalibration: Disbursements were restricted to centres with less than 2 per cent PAR, biometric verification was made mandatory, and risk frameworks were strengthened to stabilise asset quality.

Housing finance momentum: The wholly owned housing finance subsidiary expanded its branch network from 65 to 89, achieved 20.8 per cent AUM growth, and maintained GNPA at 2.4 per cent.

Vehicle & equipment finance: This segment recorded 16.1 per cent AUM growth, with calibrated pullbacks in select categories to protect asset quality and support a sustainable recovery.

Leadership and governance: The Managing Director & CEO was re-appointed for a five-year term effective April 1, 2024. Independent Directors were also appointed and re-appointed during FY 2024-25.

Strategic capital: Bain Capital was inducted as a strategic investor, further strengthening the company’s capital base and strategic direction.