Manappuram Finance Limited Wins Honour for CSR

Manappuram Finance Ltd., a leading gold loan company, has been honoured with a 'Special Commendation' at the Golden Peacock Award for Corporate Social Responsibility for the year 2014.

The award was presented by The Rt. Hon. Baroness Verma, Minister for Energy & Climate Change, Govt. of UK., and received by Mr. V. P. Nandakumar, MD & CEO, Manappuram Finance Ltd., in the presence of a distinguished gathering of business leaders at the "9th International Conference on Corporate Social Responsibility", held on 19 - 20 January, 2015 in Mumbai. The Awards Jury was chaired by Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India.

Commenting on this occasion, Mr. V. P. Nandakumar, MD & CEO, Manappuram Finance Limited said, “It is an honor to be recognized for the work we have been doing under our CSR initiatives. We have long been committed to building a business that delivers market value as well as social value.”

The Golden Peacock Awards are bestowed annually under various categories since 1991 and are recognised worldwide as the hallmark of corporate excellence in areas of innovation, quality, training, governance, environment management and corporate social responsibility. The rigorous selection process includes expert evaluation of applications by members from various sectors, benchmarking against best management practices, site visits and presentations from the shortlisted organisations.

About Manappuram Finance Ltd.:

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.   

As of September 30, 2014, Manappuram Finance had 3,293 branches across 23 states and 4 UTs with Assets under management (AUM) of Rs. 85.30 billion. The company’s net worth stood at Rs. 25.68 billion.