The Board of Directors of Manappuram Finance Ltd. has reappointed Mr. V.P. Nandakumar as the Managing Director and Chief Executive Officer, effective from April 1, 2024, until March 31, 2029. This reappointment follows the recommendations of the Nomination, Compensation, and Corporate Governance Committee and is subject to shareholder approval at the 31st Annual General Meeting.
Manappuram Finance Ltd., a leading non-banking financial company (NBFC) in India, specializes in providing finance against used household gold ornaments. Established in 1992, the company was promoted by VP Nandakumar, whose family has been involved in the gold loan business since 1949. Headquartered in Valapad, Thrissur District, Kerala, Manappuram Finance went public in August 1995 and is listed on the stock exchanges in Mumbai, Chennai, and Kochi.