Manba Finance Limited has entered into a strategic partnership with Sreesastha (Nammaloan) to expand its vehicle-financing operations into South India. The partnership marks a significant step in the company's national growth strategy, initiating operations in Karnataka and Tamil Nadu within the current financial year. The companies have identified over 100 potential locations across these regions for progressive activation based on market readiness.

Partnership Highlights

The collaboration is underpinned by a leadership team bringing more than 100 years of combined experience in automobile lending, covering origination, credit, collections, and distribution. The partnership will launch Manba Finance's core product suite, including new and used two-wheeler loans, three-wheeler loans, and used car loans. The phased rollout prioritizes building a durable, well-underwritten book over rapid expansion.

Manba Finance's lending platform supports the expansion with in-principle approvals in as little as one minute and a fully digital, paperless customer journey. This capability aims to provide faster decisions and reduced friction for customers and dealer partners in the new markets.

Leadership Perspective

Manish Shah, Managing Director of Manba Finance Limited, emphasized the strategic value of the partnership, noting that the local team's experience combined with Manba's technology provides confidence for the expansion. Monil Shah, Chief Business Officer & Executive Director, highlighted the disciplined approach to building the business state by state. V Gopalakrishnan, Director of Sreesastha Ins-Corp Advisory Private Ltd (Nammaloan), expressed confidence that the tie-up would accelerate high-quality disbursements while upholding service standards.

Company Overview

As of 31 March 2026, Manba Finance reported Assets Under Management (AUM) of over ₹1,700 crore, with a presence across 6 states and 130+ locations. The company serves a network of 1,500+ dealer points supported by 1,800+ employees. The following table summarizes the key details of the partnership and the company's current scale:

Manba Finance Limited has entered into strategic partnerships with AMU Leasing Pvt. Ltd. and BRMP Leasing & Finance Private Limited (operating under the brand “SHFIN”) to strengthen its presence in the electric mobility and rural financing segments. The collaborations aim to improve credit access for driver-owners, MSMEs, and first-time borrowers across specific regions in India, accelerating the adoption of clean mobility and deepening financial inclusion in underserved markets.

Through its partnership with Gurugram-based AMU Leasing, Manba Finance will support the financing of electric three-wheelers and other commercial electric vehicles (EVs) across Uttar Pradesh and Madhya Pradesh. This initiative focuses on enabling faster disbursements and simplified loan processes to facilitate the transition to zero-emission mobility. In parallel, the company has partnered with SHFIN to expand two-wheeler financing solutions in the Vidarbha region of Maharashtra, providing transparent and technology-driven financial solutions to rural and semi-urban markets.

Partnership Overview

The two partnerships collectively target distinct geographies and customer segments, as outlined below:

Strategic Objectives and Leadership Commentary

Mr. Manish Shah, Managing Director of Manba Finance Limited, stated that these collaborations reflect the company's commitment to building a future-ready and inclusive lending ecosystem. He noted that while the partnership with AMU Leasing supports India's transition towards sustainable mobility, the association with SHFIN enables the company to deepen its reach in rural Bharat.

Ms. Nehal Gupta, Managing Director of AMU Leasing Pvt. Ltd., emphasized that the collaboration is a step forward in making sustainable mobility accessible, adding that joining hands with Manba Finance strengthens their ability to create impact at scale while supporting the transition to clean transportation. Mr. Gurinder Singh Sehmbey, CEO of SHFIN, remarked that the partnership marks a significant step in their growth journey and will enable SHFIN to deepen its reach in underserved markets, empowering communities through reliable and responsible financial services.