WHY Manappuram?
With the Trust, Commitment and Transparency extending over 61 years, Manappuram Group has emerged as a force to reckon with, under the stewardship of Mr. V.P. Nandakumar, the Chairman of the company.
Today, we have more than 1,350 branches spread across 16 States of India, with a total business of over Rs. 50 Billion, a workforce of over 9,500 and a customer base of over 3 Million, we are India`s Largest Listed and Highest Credit Rated Gold Loan Company, registered under Reserve Bank of India, founded in 1949.
We are involved in providing a wide range of financial solutions to our customers that will make their life easy.
Some of the remarkable credits or firsts received by the company includes:
1. First NBFC from Kerala to receive a Certificate of Registration issued by RBI mainly on the strength of the company`s ability to settle the depositors` claim in full.
2. First NBFC from Kerala to get a credit rating of "MA+" from ICRA, (a credit rating agency approved by RBI) which signifies the company`s ability to make timely repayment of the principal and interest under its Public Deposit Programme. Within a short span of time MAGFIL recorded a phenomenal growth to become a premier NBFC from South India.
3. 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.
4. First NBFC from Kerala to go for public issue.
5. First NBFC from Kerala to issue bonus shares at the ratio 1:1.
6. First NBFC from Kerala to receive Foreign Direct Investment (FDI).
7. First NBFC from Kerala to receive AD- II (Authorised Dealer - II) License from RBI.
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 rating 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. |
