Manba Finance Ltd Company Summary

Manba Finance Limited was originally incorporated as Manba Finance Private Limited, dated May 31, 1996, with the Registrar of Companies, Mumbai. Thereafter, the Company was converted into a Public Limited named Manba Finance Limited dated April 11, 2005. The Company commenced business activities in April, 1998 as a NBFC from Mumbai, Maharashtra and scaled up the operations from2009 by way of growth in vehicle financing across states.

The Company established relationships with more than 1,500+ Dealers, including more than 190 EV Dealers.The Company is engaged in the business of providing finance. It deals in the financing of New 2Ws, 3Ws, EV2Ws, EV3Ws and personal loan. It secure the funding from diversified sources including term loans and cash credit facilities from public sector banks, private sector banks, small finance banks & other financial institutions and PTC and issuance of privately placed listed and unlisted NCDs to meet capital requirements.The Company in 2018, expanded the Pune operations; further expanded the operations to Nashik and Satara in the state of Maharashtra and to Ahmedabad, Gujarat in 2018.

It opened branch in Jaipur, Rajasthan in 2021; expanded the operations to Nagpur, Vidarbha region in Maharashtra and to Raipur in the state of Chhattisgarh in 2022. It further expanded the network of more than 850 dealers, including more than 60 EV dealers in 2023; and further made business expansion in Madhya Pradesh by opening a branch in Indore. The Company launched Small Business Loans, Used Car Loans and Personal Loans in 2023 and has expanded the business in Uttar Pradesh by opening of branch in Lucknow in 2024.

The Company floated an IPO of 1,25,70,000 Fresh Issue Equity Shares by raising funds of Rs 150.84 Crore in September, 2024.In 2026, the Company launched instant loan disbursement through Juspay, implemented Straight Through Processing (STP) for used two wheeler loans, and integrated DigiLocker for seamless loan documentation, resulting in improved operational efficiency and customer experience. Further, the Company signed a strategic Memorandum of Understanding with TVS Motor Company to become the preferred financier for TVS three wheeler vehicles across India.