For Starters, we are part of the Manappuram Group. The Manappuram Group one of India’s largest NBFC’s with interests in Gold Loans, Micro Finance, Home finance, Vehicle and Equipment Finance, Project Finance, SME Finance, LAP and School finance has been in Business since 1947. From Life insurance to child plans, Health cover to Retirement Benefits, from a compliant Sales process, policy issuance to servicing claims we have been there with our customers. Through our experience in servicing 1.6 million customers and our strong partnerships with various insurance companies, we ensure smiles of our customer by taking care of every need. Our journey began as Manappuram Financial Services on 17th Oct 2002, as a corporate agent to the then leading private sector Insurance companies. In 2003, it was renamed as Manappuram Insurance agents and broker ltd. The main activities then included representing the products of the manufacturers to the customers. Realizing that the needs of the customers aren’t fulfilled by standard products by the manufacturer, we shifted our focus to representing the customers to the manufacturer and serving the needs of the customers. Thus, in 2006, the company became a licensed Broker with IRDAI and changed its identity to Manappuram Insurance broker pvt. ltd. acting as a link between the manufacturer and customers. Since then our growth has been steady. In 2017, with a change in management and new leadership, we moved our base to Valapad, Kerala and announced the change of identity as Manappuram Insurance broker limited a.k.a MAIBRO. From then we have served the needs of 2 million satisfied customers till date. Our strength has been our presence Pan – India through the branch network of the Manappuram group companies. We source our business mainly through Retail, embedded and the group platforms. We also opened up a customer care contact center at Hyderabad to address the queries, requests and complaints of customers. Today, we are one of the largest distributors in the retail segment and is one of the most sought after partner for various insurance companies.
To be the Preferred Insurance Partner due to our strong ethics, efficient workforce and unparalleled customer experience
To create awareness about Insurance to the masses and distribute the beneﬁts of Risk Management to all
We are strong in Retail and Corporate insurance
We are fuelled with Qualiﬁed and Experienced professionals from insurance ﬁeld
We have more than 16 years of expertise in insurance retailing
We have strong brand name in the country
Ensuring Smiles and Bringing Happiness through nation-wide presence, access through all platforms including branches / online / on-air / direct, simplified insurance, quick settlement.
Our objectives are to enhance the degree of professionalism in the insurance selling interface and to provide risk management and professional consultancy guidance to the customer that helps strengthen our clients' balance sheets thereby fostering higher levels of investor and customer conﬁdence.
For much of its life, the Manappuram name was strongly identified with the village of Valapad where it was established in 1949, and where it functioned as a single branch business involved in money lending and pawn broking on a modest scale. This was how remained until 1986, when its founder Shri V.C. Padmanabhan (father of Shri V.P. Nandakumar) passed away.
Remarkably, even as it remained a business with strictly limited reach, it had managed to become a highly successful and greatly trusted brand with deep roots in the local community.Read more..
Manappuram was founded in 1949 by late V.C. Padmanabhan, father of Mr. Nandakumar, and Mr. Nandakumar took over the reins of this one branch business in 1986 after his father passed away. Since then, it has been a story of unprecedented growth, and his visionary leadership was instrumental in scripting the saga of success.
Mr. Nandakumar promoted Manappuram Finance Ltd. in 1992 and today the company has a pan-India presence with over 4185 branches across 23 states and 4 union territories with Assets under management (AUM) of nearly Rs. 16,000 crore and an employee count of close to 25,000. In recent years, he has steered the company’s diversification into microfinance, vehicle and housing finance, and SME lending where a promising start has been made. The move into microfinance followed the acquisition of the Chennai based Asirvad Microfinance in February 2015.Read more
She holds a Masters Degree in Science and have more than 15years of rich experience and in-depth of knowledge in managing the aﬀairs of NBFCs. She is also serving as Managing Director of Manappuram Nidhi Limited and as Director in Manappuram Chits (India) Limited Manappuram Jewellers Limited, Manappuram Chit Funds Company Private Limited and Manappuram Chits (Andhra) Private Limited
Mr. B.N. Raveendra Babu is an M.com Rank Holder from Calicut University in ﬁnancial Management in the year 1975.He has completed inter level of Institute of Cost & Management Accounting in the year 1977. He is currently also serving as Executive Director of Manappuram Finance Limited and as Director of Asirvad Micro Finance Limited. During the Professional career he had served as Finance Manager in Blue Marine International (UAE).Read More
Mr. V.R. Ramachandran is an eminent lawyer of Thrissur Bar and is well versed with the provisions of Civil as well as Criminal laws. He has long standing relationship with the Company and has been handling civil/ criminal cases of the company.
Mr. Sooraj Nandan holds Msc Risk Management, University of East London, UK, BA Honours Business Studies, University of East London, UK
Mr. M.N. Gunavardhanan is a Retd. IAS Oﬃcer. He is a post graduate in MA (English Literature) from Kerala University. He holds bachelor's degree in Law from Kerala University and have also secured PGDM from IIM-BIAS. During his professional career he has served as District collector of Alappuzha, as Director of The Kerala State Co-operative Coir Marketing Federation Ltd.(COIRFED) No. 679, P.B. No. 4618 H.P.Read More
Shri. P.K. Vijayakumar is an oﬃcer of the 1978 batch of IRS (Indian Revenue Service). He is a Postgraduate in Chemistry and also a BEd degree holder from Calicut University with ﬁrst rank. He retired as Director General of Income Tax (Inv.), Kochi (Kerala) on 30.09.2011. This post is equivalent to Addl. Secretary to Govt. of India. He has worked as Commissioner of Income Tax in three Metropolitan cities of Chennai, Kolkata and Mumbai.Read More
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Manappuram Finance Ltd. is one of India’s leading gold loan NBFCs. Promoted by Shri. V.P. Nandakumar, the current MD & CEO, its origins go back to 1949 when it was founded in the coastal village of Valapad (Thrissur District) by his late father Mr. V.C. Padmanabhan. The firm was involved in pawn broking and money lending carried out on a modest scale. Shri Nandakumar took over the reins in 1986 after his father expired. Since then, it has been a story of unparalleled growth with many milestones crossed. Incorporated in 1992, Manappuram Finance Ltd. has grown at a rapid pace. Today, it has 4208 branches across 28 states/UTs with assets under management (AUM) of Rs. 166.18 billion and a workforce of 24,717
MAHOFIN, a wholly own subsidiary of Manappuram Finance, was incorporated as Milestone Home Finance Company Pvt. Ltd. (Milestone). Manappuram Finance acquired Milestone in 2014 and renamed it. The company started operations in January 2015 and operates in the affordable housing finance segment in Tier-II and Tier-III cities. It had an AUM of Rs. Rs 3.75 billion as on March 31, 2018 (Rs. 3.1 billion as on March 31, 2017). Currently, there are 35 branches across 6 states: Maharashtra, Gujarat, Tamil Nadu, Kerala, Andhra Pradesh, and Karnataka. Western region contributes the largest share of the loan portfolio. Considering the increasing urbanization and the rise of tier II and tier III cities, the company is also planning to cover nearby states and locations. The company has more than 400 dedicated staff who have been trained in Sales, Collections, KYC & AML, IT Security, Policy & Credit Processing etc to enhance their capabilities. The business is scalable and expected to grow substantially over the medium term. Manappuram Finance holds 100 percent equity in MAHOFIN.
Asirvad, an NBFC operating as a micro finance institution (NBFC- MFI), is a majority-owned subsidiary of Manappuram Finance Ltd. (MAFIL). The company was set up in 2007 by its present Managing Director, Mr. S.V. Raja Vaidyanathan. In February 2015, Manappuram Finance acquired an 85% stake in Asirvad and subsequently increased it to 90%. Asirvad had 832 branches spread across 20 states as on March 31, 2018. It had Assets under Management (AUM) of Rs 24,372 million as on March 31, 2018, as compared to 17,960 million as on March 31, 2017. As the largest business after gold loans, microfinance is strategically important to MAFIL. The business is both scalable and profitable and therefore will be a key growth driver for MAFIL. Mr. V P Nandakumar (MD & CEO of MAFIL) and two other directors of MAFIL are on the Board of Directors of Asirvad, with Mr. V.P. Nandakumar holding the Chairman’s position.