Manappuram Finance Ltd was formerly known as Manappuram General Finance & Leasing Ltd. It is a non-banking finance company offering gold loans, vehicle finance, insurance, foreign exchange services, distribution of mutual funds and other financial products. The company operates in three segments — asset finance, gold loans and fee-based activities. Manappuram Finance Ltd has a strong pan-India presence with its network of over 5,000 branches serving over 58 lakh customers across the country. The company has assets under management (AUM) of over ₹37,086 crore and a workforce of more than 45,000 employees. The company operates in the housing finance business through its subsidiary Manappuram Home Finance Limited (MAHOFIN).
Business operations
The company;s origins go back to 1949 when it was founded by VC Padmanabhan in Kerala's Thrissur district. The company was incorporated in 1992 and it soon became the first NBFC in Kerala to receive a certificate of registration issued by the Reserve Bank of India.
The company entered into the forex business in 2002. As part of its portfolio expansion bid, Manappuram Finance began acting as a corporate agent for life and general insurance and ventured into vehicle finance, share trading and other similar businesses through its subsidiaries. The company started an instant money transfer facility in collaboration with Xpress Money Coinstar Instant Cash Zoha Ezremit and MoneyGram.
In 2006, the company's 100% subsidiary Manappuram Insurance Brokers Pvt Ltd received the insurance broking licence from the Insurance Regulatory and Development Authority (IRDA). The company became the first Kerala-based NBFC to receive investment from foreign institutional investors (FIIs) after the PE fund, Sequoia Capital, invested in Manappuram Finance along with Hudson Equity Holdings in 2007.
The next year, the company sold their entire investment in their subsidiary Manappuram Insurance Brokers Pvt Ltd to one of the directors.
As per the scheme of amalgamation Manappuram Finance Tamil Nadu Ltd was amalgamated with the company during 2009-10. In 2011, the company was renamed Manappuram Finance Ltd from Manappuram General Finance and Leasing Ltd.
In 2014, Manappuram Finance acquired Milestone Home Finance Limited from Jaypee Hotels Limited and renamed it Manappuram Home Finance Private Limited.
In 2020, Manappuram’s first-ever issue of US Dollar bonds was listed on the Singapore Stock Exchange. The company's consolidated net profit crossed ₹1,000 crore for the first time during FY 2019-20.
Manappuram Finance Ltd's promoter, VP Nandakumar controls nearly 35% of the company and a similar share is held by various Indian and foreign private equity funds. The remainder is dispersed among the public. The shares of Manappuram Finance are traded both on BSE and National Stock Exchange.
Manappuram Finance Ltd's market capitalisation stood at over ₹ 14,900 crores as of January 9, 2024. Manappuram Finance Ltd's share price has grown by close to 1% in the last three years.
Manappuram Finance Financial Highlights
- Revenue: Manappuram Finance reported revenue of ₹9,509.39 crore in FY26 vs ₹10,011.21 crore in FY25. It showed a decrease of 5.01% on a yearly basis.
- Operating Profit: Manappuram Finance reported an operating profit of ₹1,270.19 crore in FY26 vs ₹1,665.64 crore in FY25. It showed a decrease of 23.74% on a year-on-year basis.
- Net Profit: Manappuram Finance reported a net profit of ₹993.14 crore in FY26 vs ₹1,203.88 crore in FY25. It showed a decrease of 17.51% on a yearly basis.
Manappuram Finance Quarterly Result Highlights
- Manappuram Finance reported revenue of ₹2,613.83 crore in Mar 2026, compared with ₹2,354.11 crore in Dec 2025, representing an increase of 11.03% on a quarter-on-quarter (QoQ) basis.
- Manappuram Finance reported an operating profit of ₹563.81 crore in Mar 2026, compared with ₹302.86 crore in Dec 2025, representing an increase of 86.16% on a quarter-on-quarter (QoQ) basis.
- Manappuram Finance reported a profit of ₹404.79 crore in Mar 2026, compared with ₹238.56 crore in Dec 2025, reflecting an increase of 69.68% on a QoQ basis.
- The earnings per share (EPS) of Manappuram Finance stood at ₹14.22 during Mar 2026.
