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Co poised to grow at CAGR of 20% in next few years: Manappuram

Tuesday, April 26, 2016
The company is poised to grow at a compounded annual growth rate of 20 percent in the next few years, said VP Nandakumar, MD & CEO Of Manappuram General Finance in an interview with CNBC-TV18. 
The non-banking finance company's collections have improved, even as its growth has been robust, he said. 
Manappuram is betting on new initiatives such as micro finance, home finance and commercial vehicle finance segments to drive its performance. 
As on March 31, the assets under management of its microfinance business is over Rs 1000 crore. And Nandakumar is hoping he could grow the MFI segment to Rs 3000 crore in the next two-three years. 
As some of the microfinance companies are reshaping into small finance banks, big ones like Manappuram will gain in the near-term, he said. 
Companies such as Manappuram will be able to source funds at cheaper rates once competition moves away, he said. With some help from a good monsoon, he said, the company can loan to customers at a cheaper rate.

Link:  http://www.moneycontrol.com/news/business/co-poised-to-grow-at-cagr20next-few-years-manappuram_6401821.html?utm_source=ref_article