Manappuram Finance, a gold loan NBFC, has signed an MoU with JCB India, a construction equipment manufacturer, to provide financing for JCB’s range of equipment and engineering products.
The agreement, signed by Kamal Parmar of Manappuram Finance and a representative from JCB India, will offer financing options nationwide.
Both companies expect this partnership to result in increased business volumes and leverage each other’s strengths in their respective markets.
V.P. Nandakumar, the MD and CEO of Manappuram Finance, sees this agreement as an opportunity to expand their dealership network across India and diversify their portfolio to drive growth in the construction equipment finance sector.
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