Manappuram Finance Ltd. is one of India’s leading gold loans NBFCs engaged in providing finance against used household gold ornaments. Incorporated in 1992, the company has been promoted by Mr. V.P. Nandakumar (current MD & CEO) whose family has been involved in gold loans since 1949. It is headquartered at Valapad in the Thrissur District of Kerala. The company went public in August 1995 and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi
Tie-up to expand remittance payout services in India under RBI’s Money Transfer Service Scheme
Service available at nearly 3,300 Manappuram Finance branches, including 80 locations in Punjab and Chandigarh &nbs... (more)
Manappuram Finance Ltd. has declared improved first quarter results. Consolidated Net profit for the quarter ended June 30, 2015 is reported at Rs. 59.30 crore, an increase of 34.3 percent compared to Rs.44.15 crore recorded in Q1 of the previous fiscal year. Total consolidated operating income dur... (more)
The sixth V.C. Padmanabhan Memorial Awards for Excellence for 2015 were announced today. Prominent winners for the year include the eminent musician and sarod player, Ustad Amjad Ali Khan, the renowned film maker Shri Adoor Gopalakrishnan, and the eminent scientist and former Chairman of ISRO, Dr. ... (more)
MMP Mobi Wallet Payment Systems, a subsidiary of Tata Teleservices, announced a tie up today with Manappuram Finance Ltd., one of India’s leading gold loan NBFCs, for providing a convenient and secure alternative physical and online repayment option to its customers.
Comments by Mr. V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd. on RBI Rate Cut
Today’s rate cut is on expected lines, although we did hope for something like 50 bps. Now, the onus is on the banks to begin passing on the benefits of the lower rates to their borrowers. We feel t... (more)
Manappuram Finance Ltd., the gold loan NBFC, has reported encouraging results for FY 2014-15. Net profit for the year ended March 31, 2015 has gone up to Rs. 271.31 crores, an increase of 20 percent, compared to Rs. 225.98 crores reported in FY 2013-14.
Operating income for the year stood a... (more)
Manappuram Finance Ltd., a leading gold loan company, has announced that it is in an advanced stage of developing a range of technology driven innovations that can fundamentally transform the way the gold loan business model operates presently.
NextGen eLockers: At the heart of the innovati... (more)
Manappuram Finance Ltd., the leading gold loan NBFC, has announced the appointment of Dr. Amla Samanta as an independent Woman Director on the Board of the Company in compliance with Section 149 (1) of the Companies Act, 2013. The decision was made at a meeting of the Board of Directors of the Comp... (more)
Mr. V.P. Nandakumar, MD & CEO of Manappuram Finance Ltd., a leading gold loan company, has been conferred with the ‘Legend of Service’ award by the Lions Club International 316C. The award was presented at a function held on January 27, 2015, at Hotel Marriott, Secunderabad.
... (more)
The one major step we would like to see is the restoration of priority sector lending status for eligible gold loans. In February 2011, the RBI had withdrawn priority sector status to gold loans given by NBFCs. As a result, banks that were earlier refinancing eligible gold loans of NBFCs within the... (more)
