We are building a new future


Everything is straightforward. Ensuring Smiles


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

Ensuring Smiles and Bringing Happiness through nation-wide presence, access through all platforms including branches / online / on-air / direct, simplified insurance, quick settlement.

Business Objectives

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.


Shri.V.C.Padmanabhan    (1916-1986)

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.

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The story of a True Leader



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.

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Board of Directors



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


Non-Executive and Independent Director

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.


Non Executive Director

Mr. Subrahmanyam Kollimarla holds Bsc Mathematics, Andhra University,An Associate of Institute and Faculty of Acturaies,London.A Fellow of the Institute of Acturaies of India,Mumbai. A Fellow of Insurance Institute of India.

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Non-Executive and Independent Director

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.

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Key Management Team

The strength of the team is each individual member.

The strength of each member is the team.

Our Promoter

manappuram finanace

Manappuram Finance Ltd.

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

Associate Companies

manappuram home finanace

Manappuram Home Finance Ltd.

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.

manappuram micro finanace. asirvad micro finance

Asirvad Micro Finance Ltd.

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.

Manappuram group companies

Fellow Subsidiary

Manappuram Home Finance Limited

Asirvad Micro Finance Limited

Manappuram Comptech and Consultants Limited

Group Companies

Manappuram Asset Finance Limited

Maben Nidhi Limited (Formerly Manappuram Benefit Fund Limited)

Manappuram Health Care Limited

Manappuram Jewellers Limited

Manappuram Construction and Properties Limited

Manappuram Chits India Limited

Manappuram Agro Farms Limited

Our Other Entities

Manappuram Foundation

Manappuram Travels

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