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An overview of the Company

Manappuram Finance Limited, has in recent years, emerged as a leading non-banking financial company
(NBFC) in India under the stewardship of Shri V.P. Nandakumar, MD & CEO of the Company.

Manappuram's origins go back to 1949 when it was founded in Valapad (a coastal village in the
Thrissur District of Kerala) by the late V.C. Padmanabhan, father of Shri Nandakumar. Its activity
was mainly pawn broking and money lending carried out on a modest scale. The principal asset of
the company was the integrity and foresight of its Founder and among the people of the area it
soon acquired a reputation as a safe-haven for their investments.

The expansion: Shri Nandakumar took over the reins of this one Branch business in the year 1986 when
his father expired. Since then, it has been a story of unparalleled growth, with new milestones being
crossed every year. Manappuram Finance Ltd. was incorporated in 1992 (the original name was
Manappuram General Finance and Leasing Limited) with its registered office at Valapad, in the Thrissur
District of Kerala. It is India's first listed and highest credit rated gold loan company and widely recognised
as a leading wealth creator in the Indian stock market. Since inception, the Company has maintained a
consistently rapid pace of growth. Today, it has around 3,300 branches across 26 states and UTs with
Assets under Management (AUM) of about Rs.10,000 crores, a workforce of about 18,000 and a live
customer base of 15 lakhs (Data as of 31 March, 2013).

The many achievements: Soon after it commenced its operations, Manappuram Finance Limited
gathered several "firsts" to its credit. The company was the First NBFC in Kerala to receive a Certificate of
Registration issued by the RBI. It was the first Kerala based NBFC to get a Credit Rating in 1995 of "MA"
(current rating MA+) from ICRA, recognising the company's ability to make timely repayments of the
principal and interest under its then existing public deposits programme. Manappuram Finance was one
of the very first NBFCs from Kerala to go for a Public Issue of its shares in 1995. In fact, the company has
been consistently making profits and consistently paying dividends from the very first full year of

The company was also the first NBFC from Kerala to issue bonus shares in the ratio of 1:1 in 2007 and
then, repeat the feat twice, in 2010 and in 2011 (making it three such instances in five years). Moreover,
in 2007, Manappuram Finance Ltd became the first Kerala based NBFC to receive foreign Investment
from FIIs, and also get the highest short term credit rating of A1+ from ICRA. In 2010, it became the very
first Kerala-based company to offer ESOPs (Employee Stock Option Plan) to its middle and senior
management functionaries. In April 2011, it became only the second listed company from Kerala to have
its shares traded in the "A-Group" at the Bombay stock exchange.

Other activities: As part of its diversification, Manappuram Finance Limited has also ventured into the
Foreign Exchange business with the Reserve Bank of India having granted an Authorised Dealer - II
licence to the Company which permits it to effect outward remittances for a variety of purposes such as
overseas medical treatment, higher education abroad, business travel, conferences etc. The Company
has also commenced Instant Money Transfer in collaboration with UAE Xchange, Wallstreet and

Human Resources: As an organization that prides itself as a pioneer and innovator, Manappuram
Finance Ltd derives its strength from the dedication of its highly motivated staff. Right from inception, the
company has been keen to spot and nurture the best available talent. The HR department of the company
places emphasis on professionalism and in honing the skills of employees to maintain the edge in a
competitive world. The company has a full-fledged training establishment where in-house training courses
are regularly conducted in a professional manner to upgrade skills and to enhance functional efficiency.
Moreover, the company sponsors an MBA degree programme for its employees who have completed five
years of service keen to upgrade their professional skills and qualifications.

The vision: Within the next decade, Manappuram Finance Limited hopes to emerge as the largest player
in the gold loan sector in India and also to expand its footprint beyond national borders. The long term
vision of the company is to unlock the value of India's large stock of privately held gold (estimated at
about 18,000 tonnes) to the benefit of the common people of India, most of who possess savings in the
form of gold jewellery. This is neatly summed up in the Company's corporate tagline, "Energising gold,
empowering people".

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