MANAPPURAM FINANCE LIMITED Company Profile Details at KooCapital.Com – Stock Market News Portal.
Manappuram Finance Limited is a non-banking financial company, which provides financial services, including gold loans, foreign exchange services, and remittances. The firm offers cash loan against gold pledge and also offers its customers with money transfers and foreign exchange services. It also ventures into the foreign exchange business with the Reserve Bank of India having granted an authorized dealer. The company was founded by V. C. Padmanabhan in 1949 and is headquartered in Thrissur, India.
manappuram finance limited company operating in Finance Sector and dealing in Finance/Rental/Leasing. manappuram finance limited is SEBI Listed Company (India) and having:-
ISIN (An International Securities Identification Number): INE522D01027
Equity Stock (National Stock Exchange) Symbol: MANAPPURAM
NSE Link IS: https://www.nseindia.com/get-quotes/equity?symbol=MANAPPURAM
BSE Link IS: https://www.bseindia.com/stock-share-price/manappuram-finance-ltd/MANAPPURAM/531213/
Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).(Source : 202003 Annual Report Page No:120)
Fast growth period (FY08-FY12) Due to rapid increase in gold prices, Manappuram grew their branch network > 6.5x in a period of 4-years, from 436 branches in FY08 to 2,908 in FY12. During this period, AUM grew at >90% CAGR reaching 11,532 Cr. and gold tonnage increased to 65.6 ton. As a result, RBI removed priority sector status for gold financiers in March 2012 and further reduced loan to value ratio to 60% for NBFCs vs 85% for banks. This was later normalized to the previous limit in September 2013.
Manappuram Finance Ltd. is one of India’s largest and most trusted gold loan companies, with 4,199 branches across the length and breadth of the country. It currently has nearly Rs. 157.65 billion worth assets under management (AUM), and 20,185 employees.
Promoted by Shri. V.P. Nandakumar, the current MD & CEO, the company was founded in the modest coastal village of Valapad (Thrissur District) by his late father Mr. V.C. Padmanabhan in 1949. The first non-banking financial company (NBFC) in Kerala to receive a Certificate of Registration issued by the RBI, it was also among the earliest to go for an IPO in 1995. In 2007 Sequoia Capital invested Rs.700 million along with Hudson Equity Holdings, heralding a period of accelerated growth, and in 2010 it became the first NBFC in Kerala to obtain the highest short term credit rating of A1+ from ICRA. In 2010, it became the first Kerala-based NBFC to offer ESOPs (Employee Stock Option Plan) to its middle and senior management functionaries.
As a pioneer and trailblazer, Manappuram Finance Ltd. has always been an innovator par excellence in the gold loan product and the adoption of technology. Besides focus on the business, the cause of the wider community is central to the vision of the company. The Manappuram Foundation was established in October 2009 to drive the company’s initiatives in Corporate Social Responsibility (CSR).
In recent years, the company has diversified into new business areas like micro-finance, vehicle and housing finance, and SME lending through the subsidiaries Manappuram Home Finance Ltd, Manappuram Insurance Brokers Ltd, and Asirvad Microfinance Limited.
Our mission is to make life easy for common people of India with instant and easy loans, with a vision of unlocking the value of their savings in gold jewellery.
Manappuram Finance Limited stand with [Welcome to Manappuram Finance Limited! one of India’s leading gold loan NBFCs.]
Company Website: https://www.manappuram.com/
Company Website2: http://www.manappuram.com/
LinkedIn page URL: https://in.linkedin.com/company/manappuram-finance-limited
Wiki Profile URL: https://en.wikipedia.org/wiki/Manappuram_General_Finance_and_Leasing
Popular Search Keywords: manappuram finance limited , company management , company history , company profile , company information , business directory , Stock Market News , annual report , quarterly results , profit and loss , Koo Capital , KooCapital.Com , KooCapital News , Finance Sector Company , Finance/Rental/Leasing industry
#manappuram #finance #limited #company #management #company #history #company #profile #company #information #business #directory #stock #market #news #annual #report #quarterly #results #profit #and #loss #koo #capital #koocapital #com #koocapital #news #finance #sector #company #finance #rental #leasing #industry
