manappuram finance limited type private bse industry non banking financial company nbfc founded 1949 headquarters valappad thrissur kerala india key people v.p. nandakumar chairman products gold loan money transfer insurance security loan foreign exchange ncd . website http www.manappuram.com manappuram finance ltd bse 531213 or mafil is a non banking financial company nbfcs situated in valapad thrissur kerala state . 1 manappuram has over 3200 branches across 25 states a staff strength of over 15 000 people 2 contents 1 history 2 the expansion 3 other activities 4 management team 4.1 mr. jagdish r. capoor non executive chairman 4.2 v.p. nandakumar managing director & ceo 4.3 mr. i. unnikrishnan non executive director 4.4 mr. b.n. raveendrababu executive director 4.5 mr. a.r. sankaranarayanan irs retd 4.6 mr. p. manomohanan 5 references history edit the company was founded in 1949 by late v.c.padmanabhan in thrissur district . the company commenced its operations at valapad mainly with money lending activity on a very modest scale . the group s flagship company magfil was established in 1992 in the wake of economic reforms launched by the government of india . manappuram s origins go back to 1949 when it was founded in valapad a coastal village in the thrissur district of kerala by the late v.c. padmanabhan father of nandakumar . its activity was mainly pawn broking and money lending carried out on a modest scale . the expansion edit shri nandakumar took over the reins of this one branch business in the year 1986 when his father expired . since then it has been a story of unparalleled growth with new milestones being crossed every year . manappuram finance ltd. was incorporated in 1992 the original name was manappuram general finance and leasing limited with its registered office at valapad in the thrissur district of kerala . it is india s first listed and highest credit rated gold loan company and widely recognised as a leading wealth creator in the indian stock market . since inception the company has maintained a consistently rapid pace of growth . today it has around 3000 branches across 26 states and uts with assets under management aum of about rs .41 600 crores a workforce of about 52 000 and a live customer base of 16 lakhs data as of 31 march 2012 . soon after it commenced its operations manappuram finance limited gathered several firsts to its credit . the company was the first nbfc in kerala to receive a certificate of registration issued by the rbi . it was the first kerala based nbfc to get a credit rating in 1995 of ma current rating ma from icra recognising the company s ability to make timely repayments of the principal and interest under its then existing public deposits programme . manappuram finance was one of the very first nbfcs from kerala to go for a public issue of its shares in 1995 . in fact the company has been consistently making profits and consistently paying dividends from the very first full year of operations . the company was also the first nbfc from kerala to issue bonus shares in the ratio of 1 1 in 2007 and then repeat the feat twice in 2010 and in 2011 making it three such instances in five years . moreover in 2007 manappuram finance ltd became the first kerala based nbfc to receive foreign investment from fiis and also get the highest short term credit rating of a1 from icra . in 2010 it became the very first kerala based company to offer esops employee stock option plan to its middle and senior management functionaries . in april 2011 it became only the second listed company from kerala to have its shares traded in the a group at the bombay stock exchange . other activities edit as part of its diversification manappuram finance limited has also ventured into the foreign exchange business with the reserve bank of india having granted an authorised dealer ii licence to the company which permits it to effect outward remittances for a variety of purposes such as overseas medical treatment higher education abroad business travel conferences etc. the company has also commenced instant money transfer in collaboration with uae xchange wallstreet and moneygram . management team edit mr. jagdish r. capoor non executive chairman edit mr. jagdish r. capoor is a former deputy governor of reserve bank of india . he has been the chairman of agricultural finance corporation ltd and assets care enterprise ltd ; chairman of hdfc bank chairman of bse ltd chairman of deposit insurance and credit guarantee corporation chairman of bharatiya reserve bank note mudran ltd additional director of entegra director of the indian hotels company limited director of vikas globalone limited director of agricultural finance corporation and assets care enterprise limited . he also serves on the boards of the lic pension fund ltd. quantum trustee co. pvt. ltd lic housing finance ltd. he is on the board of governors of indian institute of management indore . jagdish capoor has been a director of manappuram finance ltd. since july 20 2010 . 3 v.p. nandakumar managing director & ceo edit mr. v.p. nandakumar is a post graduate in science with additional qualifications in banking & foreign trade . immediately after completion of his education he joined the erstwhile nedungadi bank limited . in 1986 after 10 years of service as an officer of the nedungadi bank he resigned from the bank to take over the family business upon the demise of his father and the founder of manappuram mr. v.c. padmanabhan . his encouraging leadership and motivational qualities were helpful for the company s growth time to time mr. i. unnikrishnan non executive director edit mr. i. unnikrishnan is a chartered accountant from thrissur . mr. b.n. raveendrababu executive director edit mr. b.n. raveendra babu is a post graduate in commerce with additional qualification in management accounting from the u.k. prior to joining manappuram group mr. raveendra babu occupied senior positions in finance and accounts in various organizations in the middle east . citation needed mr. a.r. sankaranarayanan irs retd edit mr. a.r. sankaranarayanan is an irs retired . he has adorned several important positions in and outside the govt such as md sail international ltd director of prime minister s secretariate and former director of federal bank ltd. at present he is the general manager of kottakkal arya vaidya sala . mr. p. manomohanan edit mr. manomohanan is a central banker with a professional qualification in banking . he has got over 38 years of experience in banking including directorships in the south indian bank ltd and the federal bank ltd. he retired as the general manager reserve bank of india department of banking supervision trivandrum . citation needed on feb 7 2012 the reserve bank of india rbi has issued a warning to the general public against placing deposits with manappuram finance or a group company . the central bank has said that acceptance of deposits either by manappuram finance or by manappuram agro farms magro is punishable with imprisonment . 4 shares of the company plunged 20 % following this news . on feb 14 2012 the company announced an immediate compliance to any of rbi s concerns . to enhance governance and better manage growth to the next level the board also decided to constitute an independent committee under the chairmanship of mr jagdish capoor former deputy governor of rbi and former chairman of hdfc bank . this committee will review relevant aspects of operations systems controls and organizational structure including board composition and effectiveness . 5 references edit manappuram gen fin to expand operations . the hindu . retrieved 2010 05 07 . pe firms take stock use uptrend to exit . economic times . 2010 04 29 . retrieved 2010 05 07 . jagdish capoor executive profile . manappuram raising deposits illegally rbi the times of india . the times of india . http www.thehindubusinessline.com industry and economy banking article2889848.ece homepage 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