Manappuram Finance Ltd
Manappuram Finance Ltd Company History
Manappuram Finance is a Non-Banking Finance Company (‘NBFC’), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND). The Company is registered with the Reserve Bank of India (RBI).
1992
The Company was incorporated on 15th July, and the Certificate of Commencement of Business was obtained on 31st July.
1992
1999
The company proposes to diversify to two wheeler finance, consumer durables etc.
1999
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.
2000
2006
Manappuram General Finance & Leasing Ltd has appointed Mr I Unnikrishnan, Additional Director, as the Managing Director of the Company.
2006
2007
The Company has issued Bonus Shares in the Ratio of 1:1.
2007
2008
Manappuram General Finance & Leasing Ltd has appointed Mr. Ashvin Chadda as an Additional Director of the Company.
2008
2009
Manappuram General Finance & Leasing Ltd has appointed Mr. B. N. Raveendra Babu as an additional Director w.e.f. August 17, 2009.
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
2010
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
2011
2012
Manappuram Finance Ltd has recommended to pay a final dividend of Re.1.00 per share
2012
2013
Manappuram Finance Ltd has appointed Mr. Rajiven. V.R as an Additional Director of the Companies .
2013
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.
2014
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.
2018
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.
2019
2021
Manappuram Finance has acquired 2.72% of Equity Shares of Asirvad Micro Finance Ltd.
2021
2022
Manappuram Finance sees increasing demand for credit from the bottom of the pyramid.
2022
