Manappuram Finance
Manappuram Finance Limited is a non-banking financial company based in Thrissur, India, established in 1949. The company specializes in providing a diverse range of retail credit products and financial services, primarily focusing on loans secured by household and used gold jewelry. Its offerings include microfinance loans for low-income individuals, housing loans for construction and improvement, vehicle loans, and loans for the hospitality sector. Additionally, Manappuram Finance provides life and non-life insurance products, IT solutions, and various financial services such as money transfers and foreign exchange. With a significant presence, the company operated 3,531 branches across 23 states and 5 union territories as of March 31, 2020. Formerly known as Manappuram General Finance and Leasing Limited, it rebranded in 2011. The company is led by Shri V.P. Nandakumar, who holds a substantial equity stake.
Indian School Finance Company
Acquisition in 2018
Indian School Finance Company Private Limited is a non-banking finance company based in New Delhi, India, that specializes in providing financial solutions to educational institutions and the entrepreneurs managing them. Established in 1994, the company offers a range of loan products, including loans for schools, colleges, vocational institutes, coaching centers, and play schools, as well as loans for teachers, buses, small and medium enterprises, and student education. Indian School Finance Company focuses on enhancing the infrastructure and quality of education in schools through its financial assistance programs, enabling educational institutions to expand and improve their services. The company commenced operations in December 2008 from Hyderabad and has since expanded its reach to various cities across India.
Asirvad Microfinance
Acquisition in 2015
Asirvad Microfinance is a microfinance institution based in Chennai, India, that focuses on providing financial services to women from poor and low-income households. The company specializes in offering microloans, which are small loans designed to support entrepreneurial activities and uplift the financial status of its clients. In addition to microloans, Asirvad also provides housing loans and festival loan services, catering to the specific needs of low-income women. Through its targeted financial products, Asirvad aims to empower women and facilitate their economic independence.
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