Manba Finance has informed that the company has achieved highest ever AUM of 1200 Crores till date and growing. Company has recently raised 150 Crores from IPO in the Month of September, 2024 and is listed on both the Stock Exchanges. The Company is a leader in Auto Finance (2-Wheeler) for last 15 years and has a 97% portfolio of secured assets. During the current festive season, the company has disbursed 250 Crores of loan in its auto business which it’s highest ever. Company’s credit loss is consistently below 1% which is lowest in this industry. This is mainly because of its robust collection infrastructure, ensuring maintenance of company’s asset quality. Company is now focussing on leveraging its existing branch and location set up by adding new products.
The above information is a part of company’s filings submitted to BSE.
