MAGFIL, a Non Banking Finance Company promoted by the Manappuram Group has its headquarters at Valapad, Thrissur District, Kerala. The company went public in August 1995 and has grown substantially since then. The shares of MAGFIL are listed at the Bombay, Chennai and Cochin Stock Exchanges and the company has paid dividends to shareholders every year since the first full year of its operations.

MAGFIL is managed by a broad-based Board consisting of eminent professionals who have excelled in their respective fields of activity - banking, business, legal, computer, finance and capital markets among others. The Chairman of the Company is Mr. V.P. Nandakumar.

One of the biggest assets of the company is its highly qualified and professional workforce comprising of Company Secretaries, Chartered Accountants, Cost Accountants, MBAs and Computer Engineers. Operations of the company are fully computerized.

The company has a number of achievements to its credit, some of which are listed below.

1.    It is the FIRST NBFC to be registered from the State of Kerala with Reserve Bank of India, fully complying with RBI Directions.

2.    It is the FIRST NBFC from Kerala to be rated by ICRA, a credit rating agency approved by the Reserve Bank of India and the rating awarded to its Public Deposit Programme as (MA+), which indicates adequate safety for deposits.   Further, ICRA granted `LA` rating for its working capital limit to the tune of Rs.1 Billion under BASEL II norms of RBI.

3.    It is the FIRST NBFC to go for Public Issue from Kerala.

4.    It is the FIRST NBFC from Kerala to have received Adequate Safety rating for its Secured Non- convertible Redeemable Debenture issue for Rs. 50 million.

5.    It is the FIRST NBFC from Kerala receiving AD (Authorised Dealer) - II category licence from RBI for its Forex operations.

6.    It is the FIRST NBFC from Kerala to come out with a Bonus issue of 1:1.

7.    First NBFC from Kerala to receive Foreign Direct Investment (FDI).

8.    First NBFC from Kerala to obtain Broker`s License from IRDA (Insurance Regulatory & Development Authority).

9.    First NBFC in the country to receive a Short-term rating of A1+ by ICRA and P1+ by CRISIL. These are the Highest Short Term Rating awarded by ICRA and CRISIL to any Corporate in India and Long term rating of LA+ for its working capital limit.