VP NANDAKUMAR
Festive fever checks in early: Hotel bookings, room rates rise as Indians plan longer getaways
Hotels are experiencing a strong festive season with increased bookings and revenue. Travelers are prioritizing family experiences and local cuisine during their stays. Many are combining festivals and holidays for longer travel itineraries. Search volumes indicate travelers are planning festive and wedding season trips earlier. Demand is expected to remain healthy across leisure and visiting friends segments.
Manappuram to end family-led era as Bain brings in a professional MD
Manappuram Finance will shift to professional management after Bain Capital gained joint control, with VP Nandakumar becoming non-executive chairman and Ashish Singh taking over as MD and CEO from January 2027. First-quarter profit jumped over four-fold to ₹585 crore.
We continue to expect CAGR of 20% and 20% ROE this year: VP Nandakumar, Manappuram Finance
Manappuram Finance MD, VP Nandakumar, remains unaffected by RBI regulations, with strong profitability and 19% AUM growth. NIMs fell to 15%. Nandkumar says: "We have a level playing field even when we introduced that. So, it has not affected the business negatively. We are right on track as far as our guidance is concerned."
Manappuram aims to de-risk cyclicality and allocation stress with microfin arm listing
The separation of microfinance from the parent will mean that the company will take at least five years to get to its aspired 50:50 mix of gold and non-gold loans. Gold loans make up 56% of its assets under management (AUM) of ₹37,086 crore at the end of June. Nandakumar said that the pace of growth in gold loans will be half the average growth.
Manappuram Finance shares tumble over 14% after ED freezes promoter assets
VP Nandakumar, the promoter of Indian NBFC Manappuram Finance, has had his personal assets frozen after Enforcement Directorate (ED) raids as part of a money-laundering investigation. Shares in Manappuram fell almost 14%, driven by the asset freeze, including 19,29,01,996 equity shares in the company held by Nandakumar himself. He said the concerns had to do with a previous firm, Manappuram Agro Farms, which no longer exists.
Manappuram Finance clarifies, says ED action against promoter, not company
Kerala-based non-bank lender Manappuram Finance Ltd, in a stock exchange filing on Friday clarified that the Enforcement Directorate's action against its promoter VP Nandakumar is not linked to the affairs of the listed entity. Manappuram's promoter, V.P. Nandakumar, said in the notification that the probe was not related to the company but a private entity called Manappuram Agro Farms, which is no longer in existence.
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Took conservative approach while phasing out NPAs: VP Nandakumar, Manappuram Finance
"In microfinance we have provided adequately and we have been very conservative with the write off after 180 days."
Manappuram Finance Q4 results: Net profit rises 35% to Rs 458 cr
Opportunity for lending against gold as collateral remained high as availability of other personal loans fell as lenders in general turned risk averse, Manappuram Finance managing director VP Nandakumar told ET.
Manappuram Finance forecasts loan growth at 20%
Nandakumar said that non-gold loan disbursements, which were almost non-existent in the first three-four months of the lockdown, have now started picking up.
Expect gold loans to grow by 8% in third and fourth quarter: Manappuram Finance
‘Gold loan growth last year was much better than expected’
We are focusing on North India for gold loans: VP Nandakumar, Manappuram Finance
VP Nandakumar, MD & CEO, Manappuram Finance, says there was a tonnage growth of about 11% in gold loans but the volume growth was higher. The rise in gold prices also helped the company attain 63% profit growth.
Manappuram Finance on track to achieve 10% loan growth in FY20: VP Nandakumar
The Bimaru states are showing better growth because of lower competition amongst organised lenders.
Mannapuram Finance gold business is expected to grow 15% this year: CEO
Our risk weight has come down from 100 per cent to 30 per cent, says VP Nandakumar
AUM growth up 7-8% in gold loan against expected 18%: VP Nandakumar, Mannapuram Finance
We had factored in the cost going down by at least 60 bps but it has not come down, says the CEO.
Targeting a consolidated growth of 20% next year: VP Nandakumar, Manappuram Finance
Next year, we are trying to double our housing finance portfolio to Rs 2,000 cr, says Mannapuram CEO.
Asset growth and falling NPAs boosted Q2 growth: VP Nandakumar, Manappuram Finance
The companies borrowing short and lending long can be an issue, says Mannapuram Fin CEO
We expect a 20% AUM growth for FY18: VP Nandakumar, Manappuram Finance
We are prioritising affordable housing finance as we have a large customer base there, spanning around 3.5 mn people: VP Nandakumar
Gold loan companies expect demand to rise next quarter
Disbursements and repayments are already better than the initial weeks of demonetisation, said VP Nandakumar, MD, Manappuram Finance.
Gold-loan NBFCs prefer epayments
The diminished role of cash in business will also lower operating expenses. Thomas George Muthoot, director, Muthoot Fincop, said they were asking customers to remit money directly into their account.
Price rise spells well for gold loans
Manappuram Finance and Muthoot Fincorp said India's gold loan business, or lending against gold, could grow by 10-20% from last fiscal.
Manappuram Finance Looks to Acquire microfinance companies in North and East
Reserve Bank of India has put up bank licences on-tap, and said that new banks should maintain 40 per cent priority sector target from the beginning.
Consolidated AUM will grow to more than Rs 14,000 crore: VP Nandakumar, Manappuram Finance
Very optimistic about maintaining a steady growth
Gold loan firm Manappuram Finance can't collect money for chit funds
PE firms have barred the firm from using its branches to collect money for chit funds run by promoter; less than 5% of branches were used for this.
Huge potential available in the gold finance market: Manappuram General Finance & Leasing
In an interview with ET Now, VP Nandakumar, CMD, Manappuram General Finance & Leasing Ltd., talked about the impact of RBI policy on gold loans and expected growth of loans for this fiscal.
We are well capitalised for next 1.5-2 yrs : VP Nandakumar, Manappuram General Finance
aVP Nandakumar, Executive Chairman, Manappuram General Finance discusses the company's recent QIP issue on a chat with ET Now.
Manappuram NP at Rs 120 cr
Gold loan major Manappuram General Finance and Leasing has reported a net profit of Rs 119.72 crore for the year ended March 31, 2010.
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