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Manappuram Finance Ltd. Company History and Annual Growth Details

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. Nandakumar, MD & CEO of the Company.

1992

-The Company was incorporated on 15th July, and the Certificate of Commencement of Business was obtained on 31st July.

1999
-The company proposes to diversify to two wheeler finance, consumer durables etc.

2000
-ICRA has reaffirmed the MA ratings assigned to the Fixed Deposit and Rs. 5 crore medium term debenture programmes of the company. An MA rating has also been assigned to its new Rs. 5 crore Debenture programme.

2006
-Manappuram General Finance & Leasing Ltd has appointed Mr I Unnikrishnan, Additional Director, as the Managing Director of the Company.

2007
-The Company has issued Bonus Shares in the Ratio of 1:1.

2008
-Manappuram General Finance & Leasing Ltd has appointed Mr. Ashvin Chadda as an Additional Director of the Company.

2009
- Manappuram General Finance & Leasing Ltd has appointed Mr. B. N. Raveendra Babu as an additional Director w.e.f. August 17, 2009.

2010
-MAGFIL opens its 1001st Branch at Thrissur town.
-Kerala superstar Mohanlal signs on to become the brand ambassador for MAGFIL in Kerala.
-Bollywood action-hero and superstar Akshay Kumar announces his endorsement of Brand Manappuram.
-Bollywood and Bengali film star Mithun Chakraborty signs on as Brand Ambassador for Bengal.
-Manappuram Finance has given the Bonus in the Ratio of 1:1
-Company has splits its Face value of Shares from Rs 10 to Rs 2

2011
-Company adopts a new name, Manappuram Finance Ltd., in place of the earlier name Manappuram General Finance and Leasing Ltd.
-Manappuram Finance has given the Bonus in the Ratio of 1:1

2012
-Manappuram Finance Ltd has recommended to pay a final dividend of Re.1.00 per share

2013
- Manappuram Finance Ltd has appointed Mr. Rajiven. V.R as an Additional Director of the Companies .

2014
-Manappuram Finance - Manappuram Finance Acquires Milestone Home Finance
- Manappuram Finance launched the fourteenth edition of Dun & Bradstreet IndiaÂs premium publication, ÂIndiaÂs Top 500 Companies 2014Â.
-The Registered office address of the Company has changed from V/104, Manappuram House, Valapad P. O, Thrissur-680567 to IV/470A (old) W/638A (new) Manappuram House, Valapad P.O, Thrissur-680567.

2018
-Mphasis Corporation, a wholly owned subsidiary of the Company has acquired Stelligent Systems, LLC a US based.
-Manappuram Finance launches Gold loan service at doorstep.

2019

-Manappuram Finance has completed acquisition of 99.81% of Equity Shares of Manappuram Comptech & Consultants Ltd.
-Manappuram Finance has Acquisition of 100% equity shares of Manappuram Asset Finance Limited.
-Manappuram Finance signs MoU with Autolite to finance electrical vehicles.

2021

-Manappuram Finance has acquired 2.72% of Equity Shares of Asirvad Micro Finance Ltd.

2022

-Manappuram Finance sees increasing demand for credit from the bottom of the pyramid.

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