About Manba Finance Ltd.
Manba Finance Ltd. (MANBA) is an Indian non-banking financial company (NBFC) headquartered in Mumbai, Maharashtra. It was originally incorporated in 1996 and started operations in 1998, later becoming a public limited company in 2005. The company is registered with the Reserve Bank of India (RBI) as an NBFC-Base Layer (NBFC-BL) and does not accept public deposits.
The core business of Manba Finance revolves around providing financial solutions for the purchase of vehicles, especially two-wheelers, three-wheelers and electric variants (EV2Ws/EV3Ws). Over time, it has diversified into used car loans, small business loans, and personal loans as well. The company primarily serves salaried and self-employed customers, offering tailored loan products with competitive features and relatively quick turnaround times for loan approval and disbursement.
Manba Finance operates through a wide network of branches and dealer relationships across several states in western, central, and northern India, partnering with over 1,100 dealers, including more than 190 EV dealers to source business and expand its reach. The company emphasizes ethical and transparent practices, supported by technology infrastructure that enhances operational efficiency and customer service. Overall, Manba Finance aims to facilitate access to capital for individuals and businesses seeking vehicle or personal financing.
Business & Growth Highlights
About Manba Finance Ltd. had an AUM (Assets Under Management) of INR 16,308 million (₹1,630 crore). Strong growth over three years with
AUM three-year CAGR of 39.0%, net interest income (NII) three-year CAGR of 39.7%, and PAT three-year CAGR of 57.4%.
Disbursements increased from ₹6,715 million to ₹7,461 million. Net interest income was ₹1,104 million (up from ₹926 million). Net NPA was 2.57%. Gross NPA was 3.38%.
Operational Strength
Strong distribution network with 1,400+ dealers and 113 locations. Focus on quick loan turnaround times with many loans sanctioned rapidly). Diverse loan offering covering both secured and tailored products.