Manappuram Finance Limited
Issuer Overview
Incorporated in July 1992 and promoted by Mr V P Nandakumar, Manappuram Finance is the flagship company of the Manappuram group. It is a non-deposit-taking NBFC that provides finance against personal gold ornaments. It had ~5,351 branches across India as on December 31, 2025. The company went public in August 1995, with shares listed on the stock exchanges of Chennai, Kochi and Mumbai (Bombay Stock Exchange and National Stock Exchange). Over the past three years, the Manappuram group has diversified into other businesses such as microfinance, vehicle finance, loans against property and affordable housing finance. It also entered the insurance broking business. Overall group’s AUM of Rs 63,798 crore as on March 31, 2026, includes gold loan (80%), microfinance (7%), commercial vehicle finance (5%), MSME (5%), Housing (2%), and lending to other NBFCs (1%). The gold loan portfolio is diversified across 28 states and Union Territories, while the microfinance, commercial vehicle and housing finance portfolios are diversified across 24 states, 22 states and nine states, respectively.