Key Quantitative Figures

  • Assets Under Management (AUM): ₹1,700 crore as of 31 March 2026
  • Current presence: 6 states, 130+ locations, 1,500+ dealer points
  • Employee strength: 1,800+ employees
  • Customer base: Over 1 million customers served to date
  • Target locations in South India: Over 100 potential locations identified
  • Leadership experience: Core team of four leaders with 100+ years combined automobile lending experience

Dates of Action

  • Disclosure date: 16 June 2026
  • Partnership announcement date: 16 June 2026
  • Expansion timeline: Karnataka and Tamil Nadu entry within current financial year (FY 2026-27), followed by phased expansion to other South Indian states

Parties Involved

  • Manba Finance Limited (Disclosing entity)
  • Sreesastha Ins-Corp Advisory Private Limited (Nammaloan) (Strategic partner)
  • National Stock Exchange of India Ltd. and BSE Limited (Recipients of disclosure)
  • Key personnel:
  • Manish Shah, Managing Director, Manba Finance Limited
  • Monil Shah, Chief Business Officer & Executive Director, Manba Finance Limited
  • V Gopalakrishnan, Director, Sreesastha Ins-Corp Advisory Private Limited (30+ years experience in BFSI, TVS Group)
  • S. Manthralaya Nivasan, Director - Sales, Sreesastha (30 years experience in B2C/B2B sales)
  • M Jayasankar, Director, Debts & Capital Markets, Sreesastha (30 years expertise in financial services)
  • Bhavisha Ashish Jain, Company Secretary and Compliance Officer, Manba Finance Limited

Purpose and Rationale

Strategic expansion into South Indian markets to grow national presence. Partnership aims to leverage Sreesastha's local market expertise and Manba's product suite and technology platform. Focus on building durable, well-underwritten book with disciplined approach rather than rapid expansion.

Product Offerings

Initial product rollout in South India includes:

  • New two-wheeler loans
  • Used two-wheeler loans
  • Three-wheeler loans
  • Used car loans

Full Manba product portfolio includes 6 major products:

  • Two-wheeler loans
  • Three-wheeler loans
  • Used car loans
  • Small business loans
  • Personal loans
  • Micro LAP (Loan Against Property)

Operational Details

  • Digital lending platform offers in-principle approvals in as little as one minute
  • Fully digital, paperless customer journey from application to disbursal
  • Phased geographic approach starting with Karnataka, then Tamil Nadu
  • Progressive activation of locations based on market readiness and operational priorities

Forward-Looking Statements

Disclosure contains forward-looking statements regarding South India expansion strategy, plans, and expectations. Statements subject to risks, uncertainties, and assumptions including regulatory, market, operational, and execution factors. No representation, warranty, or guarantee as to future performance, timelines, geographic rollout, product launches, or results. Company undertakes no obligation to publicly update or revise forward-looking statements except as required by law.

Additional Information

Press release available on company website: www.manbafinance.com