In the past year AUM has expanded by 35.7% and with consistent capital infusion we believe that company will achieve 10,000 Cr. The campaign was successful in growing the gold loan category as a whole and benefits were reaped by players across the sector. The company was set up in 2007 by its present Managing Director, Mr. S.V. Shri Nandakumar took over the reins in 1986 after his father expired. It is not designed for 100 percent certainty. It was also the first to come up with “one-day interest” where borrowers have the option to settle a gold loan at their earliest convenience, even within a day, at a time when the norm was to recover a minimum interest of seven days, or even a month. Since then, the company has regularly received foreign investment. Nandakumar who controls approximately 35% of the total equity of the company. Manappuram Finance Ltd is an India-based non-banking financial company. The company does not accept any deposit, is registered with the Reserve Bank of India and has a diversified lending portfolio spread between retail, microfinance, SME and commercial customers. and they were used to target different geographies; Mohanlal for Kerala, Akshay Kumar for the Hindi speaking belt, Vikram for Tamil Nadu etc. Manappuram Finance reported a profit growth of 38% mainly led by the strong growth in the gold loan business but slightly offset by the slowdown in the non-gold portfolio. in the next 3 years. Promoted by Shri. Asirvad, an NBFC operating as a micro finance institution (NBFC- MFI), is a majority-owned subsidiary of Manappuram Finance Ltd. (MAFIL). The company is managed by a Board consisting of eleven directors headed by Shri Jagdish Capoor, Chairman. Manappuram Home Finance Limited; Manappuram Insurance Brokers Limited; Asirvad Microfinance Limited; Manappuram Comptech and Consultants Ltd; Products. The firm was involved in pawn broking and money lending carried out on a modest scale. At Manappuram Finance Limited, we are a 25,000 strong family of passionate, energetic individuals driven by the ambition to bring the power of formal credit to every corner of the country. Critical to the success of a large scale gold loan business is the ability to weed out spurious and substandard gold at the pledge stage itself. The company was honoured with a 'Special Commendation' at the Golden Peacock Awards for Corporate Social Responsibility for the year 2014. 37.9 cr: Arihant Capital Net Interest Income (NII) is expected to increase by 3 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. It was implemented through the IT platform which generates alerts to management upon any suspicious or abnormal transactions at the branches. In keeping with its record of technology led innovations, the company launched its latest product “Online Gold Loans” in 2015. Gold AUM increased by 33% YoY to Rs 17,736.8 crores indicating the increased demand for gold loans. Soon after it commenced its operations, Manappuram Finance Limited gathered several "firsts" to its credit. The picture was to change only after the company hit upon unconventional ways to raise funds. Innovative Marketing Campaign with multiple celebrity Brand Ambassadors: Despite the vast amount of gold in private hands in India, the gold loan business is yet to grow to its true potential even today. Manappuram Finance Limited, has in recent years, emerged as a leading non-banking financial company (NBFC) in India under the stewardship of Shri V.P. Rather than use their gold to raise money, many preferred to go to moneylenders and borrow at exorbitant rates. Were reaped by players across the sector Limited or MAFIL is a listed entity with Indian stock exchanges acquired Microfinance! Its other Products and financial services Ltd ; Products the two QIPS in 2010 when total... 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