The incredible rise of Manappuram Finance is closely linked to the leadership of VP Nandakumar, who transformed a village-based gold loan business into a national NBFC. Started in 1949 by V.C. Padmanabhan, the company now provides a range of services from personal loans to vehicle financing. With an AUM of ₹42,070 crore and thousands of branches, the journey reflects resilience and vision.

When VP Nandakumar took over in 1986, he focused on formalizing the gold loan sector. By 1995, the company was publicly listed, a major milestone. His strategic acquisition of Asirvad Microfinance brought a stronghold in the microfinance sector. His focus remains on serving the underbanked while delivering consistent business growth and social impact.

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How VP Nandakumar Turned a Village Dream into a Financial Powerhouse

Shakshi Malik