Manappuram Finance Welcomes Deepak Reddy as New CEO, V P Nandakumar Continues as Managing Director
Manappuram Finance Limited has appointed Deepak Reddy as CEO, effective August 1, 2025. V P Nandakumar's role changes from 'Managing Director & CEO' to 'Managing Director' as of July 31, 2025. Reddy will report directly to Nandakumar in the new structure. The company has disclosed these changes to relevant stock exchanges in compliance with SEBI regulations.

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Manappuram Finance Limited , a prominent player in the Indian financial services sector, has announced a significant leadership transition. Deepak Reddy has officially assumed the role of Chief Executive Officer (CEO) at the company, effective August 1, 2025. This appointment marks a new chapter in Manappuram Finance's corporate governance structure.
Leadership Transition
The appointment of Deepak Reddy as CEO was initially disclosed to the stock exchanges on May 9, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's board of directors had strategically planned this transition, setting August 1, 2025, as the effective date for Mr. Reddy to take the helm as CEO.
Changes in Executive Roles
Concurrent with Deepak Reddy's appointment, the company has also announced modifications to the role of V P Nandakumar, a key figure in Manappuram Finance's leadership:
- V P Nandakumar's designation has been changed from "Managing Director & CEO" to "Managing Director".
- This change became effective on July 31, 2025, at the end of business hours.
- Nandakumar will continue to serve as the Managing Director of Manappuram Finance Limited.
Reporting Structure
In the new organizational structure:
- Deepak Reddy, as the new CEO, will report directly to V P Nandakumar, the Managing Director.
- This arrangement ensures continuity in leadership while introducing fresh perspectives at the executive level.
Corporate Governance and Transparency
Manappuram Finance has promptly communicated these changes to the relevant stock exchanges, including:
- BSE Limited
- National Stock Exchange of India Limited
- India International Exchange (IFSC) Ltd
This timely disclosure aligns with the company's commitment to transparency and adherence to regulatory requirements.
The appointment of Deepak Reddy as CEO, coupled with the continued involvement of V P Nandakumar as Managing Director, signals Manappuram Finance's focus on blending experienced leadership with new executive talent. As the company moves forward under this new leadership structure, stakeholders will be keenly watching how this transition influences the company's strategic direction and operational performance in the competitive financial services landscape.
Historical Stock Returns for Manappuram Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-2.04% | -6.68% | -10.86% | +25.33% | +16.01% | +55.72% |