Manappuram Finance Share is an Indian gold loan company. It was founded in 1949 by V.P. Nandakumar in Kerala, India. The company is headquartered in Thrissur, Kerala. As of March 2019, the company had a network of 3,345 branches and 4,239 ATMs across India.
The company offers gold loans to individuals and businesses in need of quick financing. Manappuram Finance charges interest on the loaned amount at 2% per month. The loan can be repaid over a period of 12 to 36 months.
Manappuram Finance has been growing steadily over the years. In FY 2018-19, the company’s revenue increased by 16% to Rs 2533 crore while net profit rose by 18% to Rs 576 crore. The growth was driven by an increase in gold loan disbursements which grew by 21% to Rs 2086 crore during the fiscal year.
The company’s shares are listed on the Bombay Stock Exchange and National Stock Exchange of India. As of May 2019, the market capitalisation of Manappuram Finance stood at Rs 11,836 crore (US$1.7 billion).
