Manappuram General Finance and Leasing Ltd

Manappuram Finance Limited
Type Private
BSE
Industry Non-banking financial company (NBFC)
Founded 1949
Headquarters Valappad, Thrissur, Kerala, India
Key people Vazhappully Padmanabhan Nandakumar, Chairman
Products Gold loan, Money transfer, Insurance, Security Loan, Foreign Exchange, Deposits, Chits, and vehicle loans.
Website http://www.manappuram.com

Manappuram Finance Ltd (BSE: 531213) or MFL is a non-banking financial company (NBFCs) situated in Valapad, Thrissur, Kerala state.[1] Manappuram has over 1,000 branches across 15 states, a staff strength of over 6,500 people and a customer base of over 5,000.[2]

History

The company was founded in 1949 by late V.C. Padmanabhan in Thrissur District. The company commenced its operations at Valapad, mainly with money lending activity on a very modest scale. The group's flag-ship company, MAGFIL, was established in 1992 in the wake of economic reforms launched by the Government of India.[3]

References

  1. ^ "Manappuram Gen Fin to expand operations". The Hindu. http://www.hinduonnet.com/businessline/blnus/17051931.htm. Retrieved 2010-05-07. 
  2. ^ "PE firms take stock, use uptrend to exit". Economic Times. http://economictimes.indiatimes.com/markets/stocks/market-news/PE-firms-take-stock-use-uptrend-to-exit/articleshow/5870408.cms. Retrieved 2010-05-07. 
  3. ^ "Manappuram General Finance & Leasing". moneycontrol. http://www.moneycontrol.com/company-facts/manappuramgeneralfinanceleasing/history/MGF01. Retrieved 2010-05-07.