During the late 1990s the Group compelled to diversify very aggressively and to branch out into Fee Based Activities. The opening up of insurance sector in India for private participation during the year 2001 also gave a further fillip to the fee based activities of the Group. Considering the wide range of such activities it was considered desirable to float a subsidiary company to look after the fee based activities of the group in their entirety. Consequently MIABRO was formed as subsidiary of Manappuram General Finance and Leasing Limited in the year 2003. Company has been granted Insurance Broking Licence by IRDA to provide a wide range of insurance products of various Insurance companies to its customers.

Considering the potential for instant money transfer having regard to the large number of expatriates from Kerala, Manappuram Group has gone in a big way in this area. Presently, the Company has tied up with Xpressmoney, Money Gram, Zoha, EzRemit, Coinstar and Instant Cash for the money transferring activity.