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March 30, 2015 7:06 PM ET

Consumer Finance

Company Overview of Manappuram Finance Limited

Company Overview

Manappuram Finance Limited, a non banking financial company, provides fund and fee based services in India. The company offers loans against pledging of gold ornaments and jewelries; and money transfer and foreign exchange services, as well as housing finance services. It operates 3,293 branches in 26 states and union territories. The company was formerly known as Manappuram General Finance and Leasing Limited and changed its name to Manappuram Finance Limited in 2011. Manappuram Finance Limited was founded in 1949 and is headquartered in Thrissur, India.

Manappuram House

P.O - Valapad

Thrissur,  680567

India

Founded in 1949

16,794 Employees

Phone:

91 48 7305 0108

Fax:

91 48 7239 9298

Key Executives for Manappuram Finance Limited

Chief Executive Officer, Managing Director, Director, Member of Nomination, Compensation & Corporate Governance Committee and Member of Risk Management Committee
Age: 59
Total Annual Compensation: $33.6M
Executive Director
Age: 61
Total Annual Compensation: $8.1M
Compensation as of Fiscal Year 2014.

Manappuram Finance Limited Key Developments

Manappuram Finance Limited, Board Meeting, Mar 17, 2015

Manappuram Finance Limited, Board Meeting, Mar 17, 2015. Agenda: To appoint the Dr. Amla Samanta, women director on the board.

Manappuram Finance Ltd Appoints Amla Samanta to the Board

Manappuram Finance Ltd. announced that the board of directors of the company at its meeting held on March 17, 2015, appointed Dr. Amla Samanta, Women Director on the board in compliance with the provisions of Section 149 (1) of the Companies Act, 2013.

Manappuram Finance In Talks For Acquisition

Manappuram Finance Limited (BSE:531213) is in talks for acquiring a stake in microfinance institutions. "We are in discussions with good MFI companies for acquiring a stake. These companies are in the North, North-East or Central India. We intend to have reasonable portfolio in the medium term. The people and technology of MFI companies are very important," said V P Nandakumar, Managing Director & Chief Executive Officer of Manappuram Finance. Manappuram Finance may not acquire 100% stake in MFIs as they would like to retain the promoters and people of the companies. For acquisition size may be around INR 1 billion to INR 5 billion, Nandakumar informed.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 30, 2014
Asirvad Micro Finance Private Ltd.
 

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