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Manappuram Finance to foray home finance business in 6 months: Report

26 Dec 2013 Evaluate

Manappuram Finance is reportedly planning to enter into home finance business in 6 months. Moreover, the company is also planning to start secured lending to small and medium enterprises (SMEs) in coming 6 months. At present, the company is mainly engaged in providing retail advances against bullion asset collaterals, in the form of household used jewellery.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and had 2,908 branches across India at the end of FY’12.

Manappuram Finance Share Price

266.55 -0.85 (-0.32%)
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