Manappuram Finance Limited
Company overview
Manappuram Finance's primary product is gold loans which are offered to individuals who pledge their gold ornaments as collateral. This service caters particularly to customers from low-income households and small businesses who may not have access to traditional banking services.
In addition to its core product of gold loans, Manappuram Finance also provides microfinance services aimed at empowering underprivileged communities through small-scale financial assistance for entrepreneurial ventures. One key factor that sets Manappuram Finance apart from its competitors is its innovative use of technology in the lending process. The company employs advanced appraisal techniques and secure storage facilities for the pledged gold assets, ensuring transparency and security for its customers. With over 4,600 branches across 28 states in India, Manappuram Finance has established a strong presence nationwide. It has garnered a reputation for efficient loan processing and customer-centric operations, enabling it to stand out among its peers within the NBFC sector. Furthermore, Manappuram Finance has collaborated with various banks and financial institutions to expand its reach and enhance its offerings. These partnerships have enabled the company to diversify its portfolio while maintaining high standards of service delivery.