PasqualeCairnduf at 12:01, 24 September 2025

2025-09-24T12:01:47Z

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{{Short description|Indian financial services company}}
{{Use dmy dates|date=June 2018}}
{{Use Indian English|date=June 2018}}
{{Infobox company
| name = Manappuram Finance Limited
| logo =
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|531213}}|{{NSE|MANAPPURAM}}}}
| foundation = {{Start date and age|1949||}}
| location = [[Valapad]], [[Thrissur district|Thrissur]], [[Kerala]], India
| key_people = [[V. P. Nandakumar]]<br>{{small|(MD & CEO)}}
| industry = [[Non-banking financial company]]
| products = {{Bulleted_list|Gold loan|Forex & money transfer|SMS finance|Commercial vehicle loan}}
| num_employees = 17,500
| former_name = Manappuram General Finance and Leasing Ltd<ref>{{cite news |title=Manappuram General Fin renamed |url=https://www.thehindubusinessline.com/money-and-banking/Manappuram-General-Fin-renamed/article20258438.ece |access-date=25 June 2023 |work=The Hindu Businessline |date=24 June 2011 |language=en}}</ref>
| revenue = {{up}} {{INRconvert|6749|c}} (FY23)<ref name="fy23"/>
| profit = {{up}} {{INRconvert|1495|c}} (FY23)<ref name="fy23">{{cite news |title=Manappuram Finance Ltd reports consolidated PAT of Rs. 413.37 crores in Q4 FY2023 |url=https://www.equitybulls.com/category.php?id=331516 |access-date=25 June 2023 |work=EquityBulls |date=12 May 2023}}</ref>
| homepage = {{URL|https://www.manappuram.com}}
}}

'''Manappuram Finance Ltd''' is an Indian [[non-banking financial company]] (NBFC) based in [[Valapad]], [[Thrissur district|Thrissur]], [[Kerala]].<ref>{{cite web
|url = http://www.hinduonnet.com/businessline/blnus/17051931.htm
|title = Manappuram Gen Fin to expand operations
|newspaper = The Hindu
|access-date = 2010-05-07
|archive-url = https://web.archive.org/web/20110510070628/http://www.hinduonnet.com/businessline/blnus/17051931.htm
|archive-date = 10 May 2011
|url-status = usurped
|df = dmy-all
}}</ref> Manappuram has over 4190+ branches across 25 states.<ref>{{cite news
|url=http://economictimes.indiatimes.com/markets/stocks/market-news/PE-firms-take-stock-use-uptrend-to-exit/articleshow/5870408.cms
|title=PE firms take stock, use uptrend to exit
|newspaper=Economic Times
|access-date=2010-05-07
|date=2010-04-29}}</ref>

==History==
The company was founded in 1949 by late V. C. Padmanabhan in [[Thrissur district]]. The company commenced its operations at [[Valappad]], mainly with money lending activity on a very modest scale.

The group's flagship company, MAGFIL, was established in 1992 in the wake of economic reforms launched by the [[Government of India]]. Its activity was mainly pawn broking and money lending carried out on a modest scale.

In 2014, Manappuram Finance acquired Delhi-based Milestone Home Finance Company<ref>{{cite news |last1=Gooptu |first1=Biswarup |title=Manappuram Finance acquires Milestone Home Finance Company from Jaypee Hotels |url=https://economictimes.indiatimes.com/industry/banking/finance/manappuram-finance-acquires-milestone-home-finance-company-from-jaypee-hotels/articleshow/31944118.cms |access-date=25 June 2023 |work=The Economic Times |date=13 March 2014}}</ref> and subsequently renamed the company as Manappuram Home Finance.<ref>{{cite news |title=Manappuram Home Finance Limited |url=https://www.careratings.com/upload/CompanyFiles/PR/09092021064145_Manappuram_Home_Finance_Limited.pdf |access-date=25 June 2023 |work=CARE Ratings}}</ref> In 2015, Manappuram Finance acquired Asirvad Microfinance, a [[Chennai]]-based [[microfinance]] company.<ref>{{cite news |last1=Rebello |first1=Joel |title=Manappuram buys microfinance company Asirvad |url=https://www.livemint.com/Companies/5tnlqRGHd6sfICCjiKU0dJ/Manappuram-buys-microfinance-company-Asirvad.html |access-date=25 June 2023 |work=Mint |date=13 February 2015 |language=en}}</ref>

In March 2025, [[Bain Capital]] signed a definitive agreement to acquire an 18.6% stake in Manappuram Finance for {{INRconvert|4385|c}}.<ref>{{Cite news |date=2025-03-20 |title=Bain Capital to acquire 18% stake in Manappuram Finance for ₹4,385 crore |url=https://www.thehindu.com/business/bain-capital-to-acquire-18-stake-in-manappuram-finance-for-4385-crore/article69354383.ece |access-date=2025-05-20 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref> This transaction set off a mandatory [[tender offer|open offer]] by Bain Capital for an additional 26% stake.<ref>{{cite news |last1=Ray |first1=Atmadip |title=Sebi approves Bain Capital open offer for Manappuram Finance stake |url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-approves-bain-capital-open-offer-for-manappuram-finance-stake/articleshow/124071559.cms |access-date=24 September 2025 |work=The Economic Times |date=23 September 2025}}</ref>

== Controversies ==
In February 2012, the [[Reserve Bank of India]] (RBI) issued a warning to the general public against keeping deposits with Manappuram Finance.<ref>{{cite news| url=http://timesofindia.indiatimes.com/business/india-business/Manappuram-raising-deposits-illegally-RBI/articleshow/11786793.cms | work=The Times Of India | title=Manappuram raising deposits illegally: RBI}}</ref> In response, the company announced an immediate compliance to any of RBI's concerns and decided to constitute an independent committee under the chairmanship of [[Jagdish Capoor]] (former [[List of deputy governors of the Reserve Bank of India|Deputy Governor of RBI]] and former chairman of [[HDFC Bank]]) to review relevant aspects of operations, systems, controls and organizational structure, including Board composition and effectiveness.<ref>{{Cite web|url=http://www.thehindubusinessline.com/industry-and-economy/banking/article2889848.ece?homepage=true&ref=wl_home|archive-url=https://archive.today/20120911171520/http://www.thehindubusinessline.com/industry-and-economy/banking/article2889848.ece?homepage=true&ref=wl_home|url-status=dead|archive-date=2012-09-11|title = Manappuram Fin 'will ensure' compliance with RBI norms}}</ref>

==References==
{{Reflist}}

{{Thrissur topics}}
{{Nifty 200 companies}}

{{DEFAULTSORT:Manappuram Finance Limited}}
[[Category:Financial services companies in Thrissur]]
[[Category:Financial services companies established in 1949]]
[[Category:Indian companies established in 1949]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the National Stock Exchange of India]]

Manappuram Finance - Revision history

PasqualeCairnduf at 12:01, 24 September 2025