Manappuram Finance Limited , a leading non-banking financial company (NBFC), has taken a step to bolster its financial resources. The company's Financial Resources and Management Committee has approved the issuance of secured, non-cumulative, redeemable, non-convertible debentures worth up to Rs 500 crores on a private placement basis.

Key Details of the Debenture Issuance

• Issue Size: Up to Rs 500 crores
• Face Value: Rs 1 lakh per debenture
• Nature: Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible, Taxable
• Placement: Private

Financial Snapshot

Based on the company's consolidated balance sheet as of March 2025, Manappuram Finance's financial position is as follows:

The company's total assets have grown by 5.26% year-over-year, reaching Rs 49,204.70 crores. This growth is accompanied by a 7.53% increase in total equity, now standing at Rs 12,448.90 crores. Current assets have seen a rise of 23.22%, while investments have increased by 8.45%.

Strategic Implications

The decision to issue debentures worth Rs 500 crores may be aimed at:

1. Expanding lending capabilities
2. Refinancing existing debt
3. Funding potential growth opportunities

This debenture issuance could provide Manappuram Finance with capital to support its future strategies in the NBFC sector.

Manappuram Finance Limited, a leading non-banking financial company (NBFC) in India, has announced a significant addition to its senior management team. Effective December 3, 2025, Ashish N Chandak will join the company as Group Chief Compliance Officer and Senior Management Personnel, bringing with him nearly three decades of extensive experience in the Banking, Financial Services, and Insurance (BFSI) sector.

Key Highlights of the Appointment

• Position: Group Chief Compliance Officer and Senior Management Personnel
• Effective Date: December 3, 2025
• Experience: Nearly 30 years in the BFSI sector

Ashish N Chandak's Professional Background

Chandak's impressive career spans various crucial areas within the financial industry:

• Previous Role: Chief Compliance Officer at YES Bank during its post-reconstruction phase
• Expertise: Business Development, Credit Risk Management, Advisory, Governance, Compliance, Anti-Money Laundering (AML), and Fraud Risk Management
• Notable Achievement: Structured over 200 transactions across Infrastructure, Real Estate, and Manufacturing sectors, facilitating financing exceeding ₹100 billion

Impact on Manappuram Finance

The appointment of Ashish N Chandak comes at a time when Manappuram Finance is showing strong financial performance. Based on the company's recent balance sheet data:

This appointment is likely to strengthen Manappuram Finance's compliance framework and governance practices, which is crucial for maintaining investor confidence and regulatory compliance in the rapidly evolving NBFC sector.

Chandak's Potential Contributions

Given his extensive experience, particularly in his previous role at YES Bank, Chandak is expected to:

1. Enhance the company's compliance and governance framework
2. Improve fraud risk management practices
3. Contribute to strategic decision-making in complex financial transactions
4. Strengthen the company's position in regulatory matters

As Manappuram Finance continues to grow, Chandak's expertise in evaluating and structuring large transactions could prove invaluable in the company's expansion strategies and risk management efforts.

The appointment of Ashish N Chandak as Group Chief Compliance Officer signals Manappuram Finance's commitment to maintaining robust compliance standards and strengthening its senior management team. This move is likely to be viewed positively by stakeholders and could contribute to the company's continued growth and stability in the competitive NBFC sector.