July 24, 2014 12:50 AM ET

Consumer Finance

Company Overview of Manappuram Finance Limited

Company Overview

Manappuram Finance Limited, a non banking financial company, provides fund and fee based services in India. The company offers loans against pledging of gold ornaments and jewelries; and money transfer and foreign exchange services, as well as housing finance services. It operates 3,293 branches in 26 states and union territories. The company was formerly known as Manappuram General Finance and Leasing Limited and changed its name to Manappuram Finance Limited in 2011. Manappuram Finance Limited was founded in 1949 and is headquartered in Thrissur, India.

Manappuram House

P.O - Valapad

Thrissur,  680567

India

Founded in 1949

16,794 Employees

Phone:

91 48 7305 0108

Fax:

91 48 7239 9298

Key Executives for Manappuram Finance Limited

Managing Director
Age: 59
Total Annual Compensation: $33.6M
Deputy Chief Executive Officer
Age: 50
Total Annual Compensation: $10.1M
Executive Director
Age: 61
Total Annual Compensation: $8.1M
Compensation as of Fiscal Year 2014.

Manappuram Finance Limited Key Developments

Manappuram Finance Plans to Raise Funds

Manappuram Finance is planning to raise funds up to INR 10,000 million through private placement of redeemable non-convertible debentures. In this regard, the company is seeking shareholders' approval at its annual general meeting on July 31, 2014.

Manappuram Finance Limited Proposes Final Dividend

Manappuram Finance Limited announced that the Annual General Meeting of the shareholders of the company will be held on July 31, 2014, to declare the dividend of INR 1.80 per share for the financial year 2013-2014 including the interim dividend declared by the board, aggregating INR 1.35 per equity share of INR 2 each and the final dividend of INR 0.45 per equity share of INR 2 each as recommended by the board on May 15, 2014.

Manappuram Finance Limited Appoints Pradeep Saxena to the Board as the Nominee of M/S. Hudson Holdings Limited

Manappuram Finance Limited announced that Mr. Pradeep Saxena is appointed to the Board as the Nominee of M/s. Hudson Holdings Limited in the Board Meeting held on May 15, 2014.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 13, 2014
Milestone Home Finance Company Private Limited
 

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