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Manappuram Finance
3.9
based on 4k Reviews
Company Overview
Associated Companies
Company Locations
Working at Manappuram Finance
Company Summary
Manappuram Finance is a Kerela-based NBFC that provides Online Gold loans at low-Interest rates, with No Hidden Charges and Minimum Documentation.
Overall Rating
3.9/5
based on 4k reviews
On-Par
with industry average
Highly rated for
Skill development, Promotions
Work Policy
Work from office
86% employees reported
Monday to Saturday
90% employees reported
Strict timing
62% employees reported
Within city
51% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
161 employees reported
Health insurance
78 employees reported
Professional degree assistance
50 employees reported
Office cab/shuttle
36 employees reported
View all benefits
About Manappuram Finance
Founded in1949 (76 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersThrissur/Trichur, Kerala, India
Office Locations
--
Websitemanappuram.com
Primary Industry
Other Industries
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Manappuram Finance Ltd. is one of India’s leading gold loan NBFCs. Promoted by Shri. V.P. Nandakumar, the current MD & CEO, its origins go back to 1949 when it was founded in the coastal village of Valapad (Thrissur District) by his late father Mr. V.C. Padmanabhan. The firm was involved in pawn broking and money lending carried out on a modest scale. Shri Nandakumar took over the reins in 1986 after his father expired. Since then, it has been a story of unparalleled growth with many milestones crossed. Incorporated in 1992, Manappuram Finance Ltd. has grown at a rapid pace. Today, it has 3,747 branches across 28 states/UTs with assets under management (AUM) of nearly Rs.13,0140 million and a workforce of 19,372.
Mission: Manappuram Finance Limited is dedicated to the mission of bringing convenience to people’s lives and making their lives easier. We offer secured and unsecured credit to meet their varied financial needs from instant gold loans to microfinance, affordable home loans, vehicle finance and more.
Vision: To become the preferred choice of financial services partner for India’s aspiring classes, meeting the full range of their credit requirements, and helping India become a financially inclusive society where every citizen has ready access to formal channels of finance.
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Manappuram Finance Ratings
based on 4k reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
1.9k
4
1k
3
509
2
203
1
419
Category Ratings
3.8
Skill development
3.8
Promotions
3.7
Work-life balance
3.7
Job security
3.7
Salary
3.7
Company culture
3.6
Work satisfaction
Manappuram Finance is rated 3.9 out of 5 stars on AmbitionBox, based on 4k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Manappuram Finance
based on 3.8k reviews
3.8
Rated by 474 Women
Rated 3.8 for Skill development and 3.8 for Job security
3.9
Rated by 3.3k Men
Rated 3.8 for Skill development and 3.8 for Career growth
Work Policy at Manappuram Finance
based on 414 reviews in last 6 months
Work from office
86%
Permanent work from home
8%
Hybrid
6%
Manappuram Finance Reviews
Top mentions in Manappuram Finance Reviews
+ 5 more
Compare Manappuram Finance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 4k reviews | 4.1/5 based on 6.9k reviews | 3.6/5 based on 4.8k reviews | 4.0/5 based on 6.4k reviews |
Highly Rated for | Skill development Promotions | Job security Work-life balance Skill development | No highly rated category | Salary Skill development Job security |
Critically Rated for | No critically rated category | No critically rated category | Promotions Work satisfaction Salary | No critically rated category |
Primary Work Policy | Work from office 86% employees reported | Work from office 88% employees reported | Work from office 92% employees reported | Work from office 78% employees reported |
Rating by Women Employees | 3.8 Good rated by 474 women | 4.1 Good rated by 649 women | 3.8 Good rated by 887 women | 3.9 Good rated by 561 women |
Rating by Men Employees | 3.9 Good rated by 3.3k men | 4.1 Good rated by 5.8k men | 3.6 Good rated by 3.6k men | 4.0 Good rated by 5.5k men |
Job security | 3.7 Good | 4.1 Good | 3.7 Good | 3.9 Good |
View more
Manappuram Finance Salaries
3.7
rated by 4k employees for salariesJunior Assistant
(515 salaries)
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₹0.5 L/yr - ₹5 L/yr
Branch Head
(462 salaries)
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₹1.4 L/yr - ₹5.3 L/yr
Assistant Branch Head
(346 salaries)
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₹1 L/yr - ₹4 L/yr
Branch Manager
(225 salaries)
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₹1.8 L/yr - ₹6 L/yr
Senior Assistant
(221 salaries)
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₹1.2 L/yr - ₹3.5 L/yr
Junior Officer
(194 salaries)
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₹1.1 L/yr - ₹4.5 L/yr
Relationship Officer
(162 salaries)
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₹1.6 L/yr - ₹4 L/yr
Palo Alto TAC Engineer
(148 salaries)
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₹5.9 L/yr - ₹7.6 L/yr
Relationship Executive
(140 salaries)
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₹1 L/yr - ₹3.5 L/yr
Assistant Branch Manager
(131 salaries)
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₹1.2 L/yr - ₹4 L/yr
Manappuram Finance Interview Questions
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Manappuram Finance Jobs
Manappuram Finance News
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Bandu’s Blockbusters for January 19, 2025
- Bandu, an aspiring investor and trader, picks five stocks each week.
- This week's stock picks by Bandu: IDBI Bank, Minda Corp, L&T Technology Services, Manappuram Finance, and Bharat Dynamics.
- Last week's winner of Bandu's challenge was Kunal Sridhar, who had correctly picked UNO Minda stock.
- Return on UNO Minda stock from Jan 10 to Jan 17 was -1.78%.
HinduBusinessLine | 19 Jan, 2025
Bandu’s Blockbusters for January 19, 2024
- Bandu picks five stocks each Sunday that he believes will be blockbusters over the next week.
- Bandu's picks for the week are IDBI Bank, Minda Corp, L&T Technology Services, Manappuram Finance, and Bharat Dynamics.
- Last week's winner of Bandu's Blockbusters was Kunal Sridhar, with the winning stock being UNO Minda.
- The return on the winning stock from Jan 10 to Jan 17 was -1.78 percent.
HinduBusinessLine | 18 Jan, 2025
Manappuram Finance Share Price Surges After Ban Lift, Target Price Hike
- Manappuram Finance's share price surged after the RBI lifted restrictions on its unit Asirvad MFI.
- Jeffries maintains a 'hold' rating on Manappuram Finance, citing concerns about near term pressure on consolidated earnings due to stress in the non-gold portfolio.
- Morgan Stanley removed the valuation assigned to Asirvad MFI in its SOTP valuation and awaits management guidance on loan growth, margins, credit costs, and structural profitability for the MFI business.
- Manappuram Finance stock rose as much as 6.40% to Rs 191.50 on the NSE, and analysts have a mix of buy, hold, and sell ratings on the stock.
Bloomberg Quint | 9 Jan, 2025
Manappuram Finance - RBI Lifts Ban On Asirvad With Immediate Effect; A Positive Development: Motilal Oswal
- The Reserve Bank of India (RBI) has lifted the ban on Asirvad, a subsidiary of Manappuram Finance, with immediate effect.
- This is a positive development as it happened in less than three months, shorter than the initial assumption of six months.
- Asirvad is expected to see a gradual improvement in new business volumes, but it will still face challenges due to the industry-wide asset quality stress in the MFI sector.
- The ban was lifted due to the constructive efforts made by Asirvad to work with the regulator.
Bloomberg Quint | 9 Jan, 2025
Manappuram Finance shares surge after RBI lifts ban on unit
- Manappuram Finance shares surge after RBI lifts ban on unit.
- The Reserve Bank of India (RBI) lifted the ban on Manappuram's unit Asirvad Micro Finance and three other NBFCs.
- Manappuram's shares had fallen 21% following the ban but recovered to pre-ban levels in December.
- Analysts expect near-term earnings drag due to stress in the microfinance portfolio.
HinduBusinessLine | 9 Jan, 2025
Stocks that will see action today: January 7, 2025
- Coal India Ltd (CIL) and IREL (India) Ltd signed a non-binding MoU for mutual cooperation in critical mineral development.
- Persistent Systems acquires identified assets of Soho Dragon Solutions India Private Limited for $5.94 million.
- Manappuram Finance reports a robbery incident at its Sambalpur branch in Odisha, with an estimated loss of ₹20 crore.
- Reliance Consumer Products Ltd (RCPL) ventures into the re-hydrating beverage category to expand product offerings.
HinduBusinessLine | 7 Jan, 2025
RBI Slaps Rs 20 Lakh Fine On Manappuram Finance For Non-Compliance Of Key Norms
- The Reserve Bank of India (RBI) has imposed a fine of Rs 20 lakh on Manappuram Finance for non-compliance of key Know Your Customer (KYC) norms.
- Manappuram Finance was found to have violated the norms by not verifying customer PAN details and by issuing multiple customer identification codes instead of a unique code.
- The RBI conducted a statutory inspection of Manappuram Finance in March 2023 and decided to impose the penalty after considering the company's response to its show cause notice.
- The RBI has been urging banks and non-bank lenders to update their KYC norms and has emphasized the importance of compliance with regulatory guidelines.
Bloomberg Quint | 20 Dec, 2024
Manappuram Group to recruit over 5,000
- Manappuram Group plans to recruit over 5,000 employees across India.
- The job openings span multiple roles within Manappuram Finance, Asirvad Microfinance, and its subsidiaries.
- Available positions include junior assistant, field assistant, operations assistant, and housekeeping roles.
- Interested individuals can apply through the official website of Manappuram Finance in the 'careers section'.
HRKatha | 21 Nov, 2024
Manappuram Finance Says No Discomfort From Lenders On Asirvad, Collections Key
- Manappuram Finance has stated that lenders have not expressed any discomfort with its subsidiary Asirvad Microfinance, despite the lending restrictions imposed by the RBI.
- The company's focus will be on collections, with plans to implement advanced tracking systems and increase the number of loan officers.
- Asirvad Microfinance was barred from conducting lending operations by the RBI due to material supervisory concerns on high lending rates.
- Manappuram Finance expects repayments of Asirvad to improve from January-March and assures a reduction in rates to comply with regulations.
Bloomberg Quint | 6 Nov, 2024
Manappuram Finance post 2% rise in Q2 net profit at ₹572 crore
- Manappuram Finance reported a 2% rise in Q2 net profit at ₹572 crore.
- The consolidated assets under management (AUM) for Q2 reached ₹45,716.3 crore, with a 17.4% YoY increase.
- The standalone net profit for the quarter, excluding subsidiaries, was ₹474.9 crore.
- The company's gold loan portfolio saw a 17.1% increase to ₹24,365 crore.
HinduBusinessLine | 6 Nov, 2024
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Manappuram Finance Subsidiaries
Asirvad Microfinance
3.9
• 755 reviews
Manappuram Home Finance
4.0
• 182 reviews
Manappuram Comptech and Consultants
3.3
• 34 reviews
Manappuram Insurance Brokers
3.7
• 21 reviews
Manappuram Jewellers
4.4
• 8 reviews
Manappuram chits
3.8
• 8 reviews
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Manappuram Finance Offices
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Manappuram Finance FAQs
When was Manappuram Finance founded?
Manappuram Finance was founded in 1949. The company has been operating for 76 years primarily in the NBFC sector.
Where is the Manappuram Finance headquarters located?
Manappuram Finance is headquartered in Thrissur/Trichur, Kerala.
How many employees does Manappuram Finance have in India?
Manappuram Finance currently has more than 22,000+ employees in India. Finance & Accounting department appears to have the highest employee count in Manappuram Finance based on the number of reviews submitted on AmbitionBox.
Does Manappuram Finance have good work-life balance?
Manappuram Finance has a Work-Life Balance Rating of 3.7 out of 5 based on 4,000+ employee reviews on AmbitionBox. 72% employees rated Manappuram Finance 4 or above, while 28% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Manappuram Finance work-life balance reviews for more details
Is Manappuram Finance good for career growth?
Career growth at Manappuram Finance is rated fairly well, with a promotions and appraisal rating of 3.8. 72% employees rated Manappuram Finance 4 or above, while 28% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Manappuram Finance promotions/appraisals reviews for more detailed insights.
What are the pros of working in Manappuram Finance?
Working at Manappuram Finance offers several advantages that make it an appealing place for employees. The company is highly rated for skill development and promotions / appraisal, based on 4,000+ employee reviews on AmbitionBox.
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