Manba Finance Limited , a trusted name in India's non-banking financial company (NBFC) sector, has announced a significant achievement in its 29-year journey. The company has reached the landmark of serving 1 million customers across India, marking a pivotal moment in its growth trajectory since its establishment in 1996.

Key Highlights

Diverse Financial Services

Manba Finance has built its reputation by offering a range of financial products tailored to meet the diverse needs of its customers:

• Vehicle Financing
• Business Loans
• Personal Loans

This milestone underscores Manba Finance's commitment to financial inclusion and its ability to adapt to the changing needs of India's growing economy. The company's extensive network of 1,300 dealership partners, coupled with its presence in 100 locations across 7 states, has been instrumental in reaching this significant customer base.

Strategic Growth

The achievement of 1 million customers is not just a number for Manba Finance; it represents the trust and confidence that individuals and businesses have placed in the company over nearly three decades. This growth also reflects the increasing demand for accessible and reliable financial services in India, particularly in the NBFC sector.

As Manba Finance celebrates this milestone, it stands poised for further expansion and innovation in the financial services landscape. The company's journey from its inception in 1996 to serving a million customers today is a testament to its resilience, customer-centric approach, and understanding of the Indian financial market's dynamics.

Moving forward, Manba Finance is likely to leverage this milestone to strengthen its market position, potentially explore new geographical territories, and continue innovating its product offerings to meet the evolving financial needs of India's diverse population.

This achievement not only marks a significant chapter in Manba Finance's history but also contributes to the broader narrative of India's growing financial inclusion and the crucial role played by NBFCs in bridging the credit gap in the country.

Manba Finance Limited , a non-banking financial company (NBFC) specializing in two-wheeler financing, has reported a robust performance for the first half of fiscal year 2026. The company's profit after tax (PAT) grew by 26% year-on-year to INR 21.00 crores, while its net interest income rose by 21% to INR 68.00 crores.

Strong Growth in AUM and Disbursements

The company's Assets Under Management (AUM) witnessed a significant increase of 36% year-on-year, reaching INR 1,500.00 crores as of September 30, 2025. Manba Finance achieved record monthly disbursements of INR 175.40 crores in October, following GST rate cuts on two-wheelers. This surge in disbursements has positioned the company to potentially exceed its previous growth estimates.

Financial Highlights

Outlook and Expansion Plans

Manba Finance maintains its guidance of 30-35% CAGR growth and is targeting an AUM of INR 1,700.00-1,750.00 crores by the end of the fiscal year. The company is focusing on deepening its presence in existing markets, particularly in Uttar Pradesh, where it plans to add 10-15 new locations in the coming quarters.

Product Mix and Market Trends

Two-wheeler financing remains the core product, constituting about 82% of the company's loan book. However, Manba Finance is seeing growing opportunities in the used two-wheeler segment, which currently accounts for only 1% of its portfolio but offers higher yields of around 26% compared to 21.5% for new two-wheelers.

Geographical Expansion and Partnerships

The company has entered into three new business correspondence partnerships with BT Finance Private Limited, EV FinServ Private Limited, and Inslab Private Limited. These collaborations aim to enhance Manba Finance's distribution capabilities and deepen customer access across various geographies without directly incurring additional operational expenses.

Technology Initiatives

Manba Finance continues to invest in digital initiatives to improve efficiency and customer experience. Recent launches include:

• Instant disbursement via JustPay
• Straight-through process for used two-wheeler loans
• Integration with DigiLocker for paperless loan documentation

Asset Quality and Capital Adequacy

The company maintains a strong asset quality with Stage 1 assets accounting for 92.80% of the total portfolio. The capital adequacy ratio stands at a robust 26.54%, well above regulatory requirements, providing ample cushion for future growth and expansion plans.

Manish Shah, Managing Director of Manba Finance Limited, commented on the results, stating, "Our strong performance in the first half of FY26 reflects our focus on sustainable and profitable expansion. The recent GST rate cuts on two-wheelers have significantly boosted demand, and we are well-positioned to capitalize on this growth opportunity."

As Manba Finance continues to expand its reach and diversify its product offerings, the company remains optimistic about maintaining its growth trajectory in the coming quarters, supported by favorable market conditions and strategic initiatives.