Manba Finance Ltd. – Company Report
1. Company Overview
Manba Finance Ltd., incorporated in 1996 and headquartered in Mumbai, is an RBI-registered Non-Banking Financial Company (NBFC) focused primarily on vehicle financing. The company is a leader in two-wheeler, three-wheeler, electric vehicle, used car, and small business loans. With a strong foundation of ethics, transparency, and customer commitment, Manba Finance has expanded operations to six states—Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh—operating from 75+ branches and serving urban, semi-urban, and rural areas. The organization has over 1,300 employees and partners with more than 1,100 vehicle dealers, including advanced digital solutions for speedy, paperless loan approvals. The company is promoted and managed by Manish Shah (Managing Director), who has led its expansion and focus on financial inclusion for underserved markets.
- Incorporated: 1996
- Headquarters: Mumbai, Maharashtra, India
- Branches: 75+ (across 6 states)
- Dealer Network: 1,100+ (including 190+ EV dealers)
- Employees: 1,300+
- Executive Leadership: Manish Shah (Managing Director)
- Status: RBI-registered NBFC, public company
2. Products and Services
Manba Finance offers a broad portfolio of lending products:
- Two-Wheeler Loans: New and electric bikes and scooters, with up to 85% financing on the on-road price.
- Three-Wheeler and EV Loans: Financing for conventional and electric three-wheelers; special focus on entrepreneurship and EV adoption.
- Used Car Loans: Flexible loans for pre-owned cars, suitable for employed and self-employed customers.
- Micro & Small Business Loans (Vyapar Loan): Collateral-free business loans from ₹75,000 up to ₹5 lakh, with flexible tenures up to 48 months.
- Personal Loans: Fast, unsecured personal loans tailored to various personal and professional needs.
- Customized Financing Programs: Tailored schemes for salaried, self-employed, and small entrepreneurs.
All major loans are processed through a robust tech-backed system enabling fast approval, minimal paperwork, and exceptional customer experience.
3. Recent News and Financial Performance
Business Developments
- Record loan disbursement of ₹735 crore in FY2025 — 12% YoY growth.
- Expansion in electric mobility financing, including collaboration with OEMs like Piaggio.
- Launched special schemes for women entrepreneurs in the EV space.
- Strengthened digital lending capabilities and operational scalability.
- CARE Ratings revised outlook to ‘Positive’ in FY2025, highlighting robust fundamentals.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹250.45 crore |
| Net Profit (PAT) | ₹37.80 crore |
| Net Profit Margin | 15.1% |
| Basic EPS | ₹7.52 |
| AUM | ₹1,331 crore |
| Loan Disbursement | ₹735 crore |
| Net NPA | 2.45% |
| Gross NPA | 3.37% |