|₹224.5 / ₹139.1|
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Manappuram Finance Limited (Formerly known as Manappuram General Finance and Leasing Ltd) is one of the largest NBFCs in India predominantly dealing in gold loans. It is the second largest listed player in the gold loan segment with a consolidated AUM of Rs 15765 crore (FY2018), of which gold loans account for Rs 11735 crore. It has a strong pan-India presence through its 4,199 strong branch network, spread across 24 states and 4 union territories, serving a customer base of more than 3. 8 million. In addition to gold finance, the company 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). Manappuram General Finance and Leasing Ltd was incorporated on July 15, 1992 in the wake of economic reforms launched by the Government of India mainly to take advantage of the importance assigned to Leasing as a vehicle to promote decentralized pattern of Economic Growth through small and medium enterprises. During the year 1994-95, the company opened new branches in Calicut, Guruvayur, Ernakulam and Thriprayar.