Manappuram Finance Ltd Investors Presentation 2016

Manappuram is the most apt example of how great companies find their beginnings with the simplest idea of helping people. When the Late Mr. V. C. Padmanabhan took his first steps in 1949 to provide financial solutions to solve the trials and tribulations of farmers and fishermen, he set in motion an intrinsic value system that became the bedrock of a great company in the making. This value system spoke of bringing convenience to the lives of the ordinary people of India, to “make life easy” for them. It also espoused Trust, Commitment and Transparency, in the way business was to be conducted. These values held true then, and continue to hold true now.

Progressively, lending against gold jewellery became a natural extension to the Company, as often, that would be the one key piece of locked wealth that people often possessed. With the dynamic stewardship of the business by the next generation promoter, Mr. V.P. Nandakumar, lending against gold jewellery has today become the hallmark business of the company. Fast forward to today, more than six decade later, Manappuram is India’s first listed and first credit rated gold loan company which has unlocked the value of this vast and idle asset base for thousands of low income group of people across India.

Today, the Company is in a midst of an another transformational change, that of becoming top-notch multi-product NBFC. It is de-risking itself from being a single product NBFC, to becoming one with a diversified portfolio in Microfinance, Home Loans and Commercial Vehicle Loans. True to its original value system of helping people, each of these businesses are in sync with the lower segments of the income pyramid and aligned with the Government of India’s big push towards financial inclusion for the underbanked population.