March 14 2016, 18.43 PM IST || Pocket News Alert
Chandigarh, March 14, 2016: Mr. V.P. Nandakumar, MD and CEO of Manappuram Finance Ltd., has taken over as the new Chairman of CII's Kerala State Council for the year 2016-17. He was elected to the prestigious position at the CII annual members meet held at Kochi.
Mr. Nandakumar has been closely associated with the CII as the Vice Chairman of its Kerala State Council for the period 2015-16. He is also associated with various other industry bodies and is a managing committee member of the Finance Industries Development Council (FIDC), Mumbai.
The Confederation of Indian Industry (CII) is a non-government, not-for-profit, industry-led and industry-managed organization that plays a proactive role in India's development process. Founded in 1895, India's premier business association has around 8,000 members from the private as well as public sectors and an indirect membership of over 2,00,000 enterprises from around 240 national and regional sectoral industry bodies.
About Manappuram Finance Ltd.
Manappuram Finance Ltd. is one of India’s leading gold loans NBFCs engaged in providing finance against used household gold ornaments. Incorporated in 1992, the company has been promoted by Mr. V.P. Nandakumar (current MD & CEO) whose family has been involved in gold loans since 1949. It is headquartered at Valapad in the Thrissur District of Kerala. The company went public in August 1995 and its shares are listed on the BSE and NSE stock exchanges.
As of December 31, 2015, Manappuram Finance Ltd. had 3,293 branches across 24 states and 4 UTs with Assets under management (AUM) of Rs.105.79 billion. The company’s net worth stood at Rs.27.18 billion.
