Manappuram Finance appoints Dr Sumitha Nandan as Executive Director

Thrissur: Manappuram Finance Ltd has appointed Dr Sumitha Nandan as Executive Director. Earlier, she had worked in the company as Executive Assistant to MD & CEO and Senior Vice President in charge of Corporate Coordination. She was also in charge of Online Gold Loan in the capacity of CEO-OGL till 1st September 2018 and led the digitalisation initiatives of the company.

“We are pleased to inform you that Dr Sumitha Nandan has joined Manappuram Finance Ltd in the capacity of Executive Director effective 1st January 2023. We look forward to her inspiring leadership and contribution to take our business to the next level,” said VP Nandakumar, MD and CEO of Manappuram Finance.

“It gives me great pleasure to take up this new responsibility in Manappuram Finance. I thank the management for showing faith in me and the entire staff for their rousing welcome. I am sure that together; we will make Manappuram not only one of the best places to work but also a company that constantly strives for excellence.”

Dr Sumitha is a medical professional with a postgraduate degree (MS) in Obstetrics & Gynecology) from Sree Ramachandra University, Chennai.

About Manappuram Finance Ltd.

Manappuram Finance Ltd. is one of India’s leading gold loans NBFCs engaged in providing finance against used household gold ornaments. Incorporated in 1992, the company has been promoted by Mr. V.P. Nandakumar (current MD & CEO) whose family has been involved in gold loans since 1949. It is headquartered at Valapad in the Thrissur District of Kerala. The company went public in August 1995 and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi. As of March 31, 2022, Manappuram Finance Ltd. had 5,068 branches across 24 states and 4 UTs with Assets under management (AUM) of ₹307.60 billion. The company’s net worth stood at ₹85.76 billion.