Manappuram Finance Limited or MAFIL is a listed entity with Indian stock exchanges. It is engaged in business of lending and is recognized as the second largest provider of capital against Gold in the country. 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.
Manappuram Home Finance Limited, Registered with the National Housing Bank as a Housing Finance Company (HFC).
Company provides home loans in affordable housing space to mid-income and low-income groups. Average loan sized offered in Rs.10 Lakhs. Business is slowly expanding as the AUM has grown by 20%. With 35 branches across 6 states we hope to achieve an AUM of Rs.1000 Cr. in the next 3 years.
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Manappuram Insurance Brokers Limited, registered with Insurance Regulatory and Development Authority as an insurance broking company.
Manappuram Insurance Brokers Limited is a 100% subsidiary. Its achieved maiden profit last year and is rapidly gaining scale through entering into partnerships with insurance companies. As it builds scale, the profitability is also expected to improve.
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Asirvad Microfinance, registered with the Reserve Bank of India as a microfinance institution. Asirvad Microfinance was acquired by Manappuram in 2015. Since then company has returned double digit growth every year. While primarily based in South it is now rapidly building scale in North and Eastern parts of country. In the past year AUM has expanded by 35.7% and with consistent capital infusion we believe that company will achieve 10,000 Cr. valuation shortly.
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Manappuram Comptech and Consultants Limited began as a promoter group company engaged in providing cost effective and high-quality IT solutions to Manappuram Finance and other group companies. It began operation in the year 2000, was acquired earlier in the year and is now a fully owned subsidiary. MACOM offers full range of IT support services across both software, hardware and data center services. It also has a robust infrastructure management service division and offers consultancy services in domains of indirect taxation, financial management, accounting and other allied activities.
Since 2013 it has started servicing external clients other than Manappuram Group companies and established itself as a quality service provider in and around Thrissur region.
