Manba Finance Ltd. Company History and Annual Growth Details

The Company was originally incorporated as ‘Manba Finance Private Limited’, a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated May 31, 1996, issued by the Registrar of Companies, Maharashtra at Mumbai (“RoC”). Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders as on January 31, 2005 and consequently, the name of the Company was changed to ‘Manba Finance Limited’. A fresh certificate of change of name, consequent upon conversion to a public limited company was issued by RoC on April 11, 2005. The RBI granted a certificate of registration dated April 7, 1998 to the Company for registration as a NBFC under Section 45-IA of the Reserve Bank of India Act, 1934 (“RBI Act”). Subsequently, the RBI granted a revised certificate of registration dated January 27, 2022, to carry on business of non-banking financial institutions without accepting public deposits. The Company’s Corporate Identity Number is U65923MH1996PLC09938.

Major Events and Milestones:

1998

-Received certificate of registration from RBI for registration of the Company as a NBFC.

2009

-Scaled up the operations in vehicle financing.

2013

-AUM of the Company crossed Rs.5,000 lakhs.

2014

-AUM of the Company crossed Rs.10,000 lakhs.

2018

-Expansion of the operations to Pune.

-AUM of the Company crossed Rs.25,000 lakhs.

-Expansion of the operations to Nashik and Satara in the state of Maharashtra and to Ahmedabad in the state of Gujarat.

2020

-AUM of the Company crossed Rs. 50,000 lakhs.

2021

-Listing of first tranche of non-convertible debentures on the BSE.

-Opened branch in Jaipur in the state of Rajasthan.

2022

-Expansion of the operations to Nagpur, Vidarbha region in the state of Maharashtra and to Raipur in the state of Chhattisgarh.

2023

-Employee strength of the Company crossed 1,000 employees.

-Entered into a co-lending arrangement with Muthoot Capital Services Limited.

-AUM of the Company crossed Rs.80,000 lakhs as on December 31, 2023.

-Expanded the network to more than 850 dealers, including more than 60 EV dealers.

-30,000 customers onboarded during the months of September, October and November with Rs.25,000 lakhs disbursement amount.

-Expanded operations to the state of Madhya Pradesh by opening a branch in Indore.

-Launched new products such as Small Business Loans, Used Car Loans and Personal Loans.

2024

-AUM of the Company cross Rs.90,000 lakhs

-Expanded operations to the state of Uttar Pradesh by opening a branch in Lucknow.