Manappuram Finance Limited was initially incorporated as 'Manappuram General Finance and Leasing Limited' on July 15, 1992 in Valapad, Thrissur, Kerala. The Company's name was changed to Manappuram Finance Limited on June 27, 2011. Established in 1949, the Company began as a modest money-lending operation. Over the decades, it has evolved into a diversified financial services provider, offering products including gold loans, microfinance, housing finance, vehicle loans, and SME financing.
Manappuram Finance is one of the largest NBFCs in India predominantly dealing in gold loans. It has a diversified lending portfolio encompassing retail, microfinance, SME and commercial customers. The Company makes credit against the security of used household gold jewelery.
The Company operate a branch network of 5,350 serving a customer base of 2.58 million. In addition to gold finance, it is focusing on affordable housing finance, vehicle and equipment finance, which includes commercial vehicle loans, two-wheeler loans, tractor & car loans, microfinance, SME finance, project and industrial finance, corporate finance and insurance broking. The company operates its housing finance business under its subsidiary, Manappuram Home Finance Limited (MAHOFIN).
During the year 1994-95, the company opened new branches in Calicut, Guruvayur, Ernakulam and Thriprayar. In the year 2002, they started Forex business as a part of its diversification. During the year 2002-03, the company opened ... 8 new branches in various places.
During the year 2003-04, the company entered into various diversified activities as acting as corporate agents for life and general insurance, vehicle finance, acting as full-fledged money changers, online share trading, instant money transfer, etc, through and with their 100% subsidiary. Also, they commenced instant money transfer facility, in collaboration with Xpress Money, Coinstar, Instant Cash, Zoha, Ezremit and MoneyGram.
During the year 2004-05, the company acquired 100% equity shares in Manappuram Insurance Agents and Brokers Ltd. Also, they widened their activities further, by opening 14 new branches in various places.
During the year 2006-07, the company was granted the prestigious Authorized Dealer Category II license by the Reserve Bank which will enable the company to undertake a wide range of non trade remittances apart from currency exchange transactions. In November 2006, the company's 100% subsidiary, Manappuram Insurance Brokers Pvt Ltd received the insurance Broking Licence from the Insurance Regulatory and Development Authority (IRDA).
During the year 2008-09, the company strengthened their IT infrastructure and systems to support their operations. The connectivity to branches was also upgraded so as to provide improved information flow to branches and to further support the collection system. The company acquired the entire assets and liabilities of Manappuram Printers, a sole proprietorship, which is in the business of trading in stationery items, for a total consideration of Rs 10 million. In November 4, 2008, the company sold their entire investment in their subsidiary, Manappuram Insurance Brokers Pvt Ltd to one of the directors' of the company for an amount of Rs 5.86 million.
During the year 2009-10, as per the scheme of amalgamation, Manappuram Finance Tamilnadu Ltd was amalgamated with the company. Also, they opened their 1001st branch in Thrissur.
During 2011, the company adopted a new name of Manappuram Finance Ltd in place of earlier name Manappuram General Finance and Leasing Ltd. The company also came with a Bonus issue in the Ratio of 1:1 In 2012, Manappuram Finance's assets under management (AUM) crossed Rs 10000 crore mark. The company's branch network reached 2,908, with more than 850 branches added in FY 2012.
In 2014, Manappuram Finance pioneered the introduction of shorter tenure loan products (3 to 9 months) with lower LTV for longer tenure loans. During the year, Manappuram Finance acquired full ownership of Milestone Home Finance Limited from Japyee Hotels Limited and renamed it as Manappuram Home Finance Private Limited. During the year, equity shares of Manappuram Finance were listed on the National Stock Exchange.
The Board of Directors of Manappuram Finance at its meeting held on 23 September 2014 considered and approved the commencement of business of Micro Financing either as a separate division of the company or by acquiring existing companies in micro financing activity. The Board also approved commencement of Commercial Vehicles financing business and depository participant business.
The Board of Directors of Manappuram Finance at its meeting held on 23 December 2014 approved the acquisition of 70% stake in Asirvad Micro Finance Pvt. Ltd., Chennai subject to approvals from Reserve Bank of India and to execute necessary agreements to conclude the transaction. The company intends to increase its stake up to 85% by infusion of additional capital. The total capital commitment will be close to Rs 136 crore.
In February 2015, the company acquired Chennai based Asirvad Microfinance Pvt. Ltd. having assets under management (AUM) of a little short of Rs 300 crore. Asirvad is an NBFC operating as a micro finance institution (NBFCMFI). The company is carrying on the business of micro finance with about 115 branches spread across Tamil Nadu, Kerala and Karnataka. The Board of Directors of Manappuram Finance Ltd at its meeting held on 14 August 2015 approved the acquisition of Manappuram Insurance Brokers Pvt Ltd for the consideration of Rs 1.55 crore subject to the approval of RBI and IRDAI.
On 2 January 2016, Manappuram Finance Ltd informed the stock exchanges that the company has acquired 100% equity shares of Manappuram Insurance Brokers Pvt. Ltd (MIBPL) by way of transfer of shares from existing shareholders of MIBPL for the total consideration amount of Rs 1.55 crore. MIBPL is acting as brokers for insurance companies in India doing life insurance and general insurance and having valid license issued by IRDAI and is also a member of Insurance Brokers Association of India, Hyderabad. MIBPL clocked turnover of Rs 1.02 crore in FY 2014-15.
The Board of Directors of Manappuram Finance at its meeting held on 2 November 2017 approved equity infusion of up to Rs 50 crore in its subsidiary Asirvad Microfinance Limited. The Company commenced SME business in November 2017 to serve the under served segment and help them grow their businesses.
In Jul' 18, Manappuram Finance through the securities purchase agreement acquired 85.39% of the share capital of Indian School Finance Company Private Limited (ISFC).
In 2019, the Company acquired a new subsidiary company, Manappuram Comptech and Consultants Limited [MACOM]. Company holds 93.33% equity shares of Asirvad Microfinance Limited, 100% equity shares of Manappuram Home Finance Limited, 100% equity shares of Manappuram Insurance Brokers Limited and 81.07% of Manappuram Comptech and Consultants Limited as on 31 March, 2019. A new loan product called 'Gold Loan' was launched in Odisha and West Bengal on March 10, 2021.
The Company's consolidated AUM grew by 17.20% to Rs 3,54,523 million during the year 2023 owing to rapid growth in the microfinance
(39.70%), housing finance (29.60%) and vehicle finance (49.40%) AUMs.
As on March 31, 2025, the Company's Gold Loan Branches stood at 3,524. The Company holds 97.60% equity shares of M/s. Asirvad Microfinance Limited, 100% equity shares of M/s. Manappuram Home Finance Limited, 100% equity shares of M/s. Manappuram Insurance Brokers Limited and 99.81% of Manappuram Comptech and Consultants Limited as on March 31, 2025.
FAQs on Manappuram Finance Ltd
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2. Does Manappuram Finance Ltd pay dividends? ›
Yes, Manappuram Finance Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Manappuram Finance Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Manappuram Finance Ltd ? ›
As of
09-Feb-2026 , 15:59:27 the share price for Manappuram Finance Ltd. is ₹ 306.7 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Manappuram Finance Ltd ? ›
The 52-week high and low of Manappuram Finance Ltd share price is ₹ 168.83 - ₹ 321.6 as of
09-Feb-2026 , 15:59:27 .
