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Manappuram Finance Reviews

Thrissur, Kerala

4.0/ 5

2 reviews

Manappuram Finance Limited is a prominent Indian Non-Banking Financial Company (NBFC) headquartered in Valapad, Thrissur, Kerala. Established in 1949 by the late V.C. Padmanabhan as a modest pawn-broking and money-lending enterprise, the company has grown into one of India’s leading institutional gold loan providers. The company underwent significant institutionalization after Shri V.P. Nandakumar, the current Managing Director and CEO, took over the family business in 1986. Manappuram Finance was formally incorporated in 1992 and successfully launched its Initial Public Offering (IPO) in 1995. As a pioneer in the organized gold loan sector, Manappuram Finance holds the distinction of being the first NBFC in Kerala to receive a Certificate of Registration from the Reserve Bank of India (RBI) and the first to secure the highest short-term credit rating of A1+ from ICRA. It also led product innovation by introducing tiered loan models and pioneering 24x7 Online Gold Loan (OGL) services, allowing customers instant digital access to credit against their gold collateral. Over the decades, the company has diversified well beyond its core gold loan business into a comprehensive financial services provider. Through targeted acquisitions and dedicated subsidiaries, its portfolio now encompasses microfinance (via Asirvad Microfinance Limited), housing finance (via Manappuram Home Finance Private Limited), commercial vehicle financing, MSME loans, digital personal loans, and foreign exchange/money transfer services. As of recent fiscal developments, Manappuram Finance commands a massive pan-India infrastructure with over 5,000 branches (including subsidiaries) spanning 28 states and 8 union territories. The company leverages an extensive operational workforce exceeding 42,000 employees to service its millions of active retail and business customers. Financially, the company is publicly listed on both the National Stock Exchange (NSE: MANAPPURAM) and the Bombay Stock Exchange (BSE: 531213). It maintains a robust capital position, with a standalone capital adequacy ratio (CAR) of 24.62% and a consolidated tangible net worth exceeding INR 12,915 crore recorded as of December 31, 2025. Under the executive guidance of MD & CEO V.P. Nandakumar, along with newly appointed executive leadership including CEO Deepak Reddy and Group CFO Buvanesh Tharashankar, the company continues to advance its digital transformation strategies. Furthermore, the organization coordinates its corporate social responsibility and community welfare efforts through the Manappuram Foundation, emphasizing its long-term vision of unlocking the economic value of local household savings to provide sustainable credit access to underbanked populations across India.