Thanks for your inputs. You are Right. Dr. Sumitha Nandan was appointed as ED, Hence, yes – we can say next generation there in board.
But as a minority shareholder – I am concerned if the Promoter Family cum management is serious in growing the company (and generating sustainable risk adjusted return) – if not better than the competition – then atleast at par with competition.
If not, why not to have a professional management – who have the fire in belly for growth.
For Ex: Aditya Birla Capital (ABC) – They brought in ex-ICICI ED to run the show and not some Birla family kid.
Manappuram & ABC – both NBFC – hence comparing.
Note: My thoughts are just to discover the reasons for continuous under-performance of Manappuram, and not to pin-point anything negative about an individual or group. Thanks.
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