As part of its diversification plans, Manappuram Finance will shift its focus from single product lending company to multi products marketing entity. In this regard, the company will soon start lending to housing, SME business, vehicles, microfinance loans within a year by earmarking an initial investment Rs 100 crore.
Moreover, the company has chalked out a vision 2020 wherein it aims to garner a business revenue of Rs 50,000 crore and to upgrade its assets under management to Rs 30,000 crore.
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.
