Manappuram Finance Ltd (BSE

Bombay Stock Exchange

The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...

: 531213) or MFL is a non-banking financial company (NBFCs) situated in Valapad, Thrissur

Thrissur

This article is about the city in India. For the district, see Thrissur district. For the urban agglomeration area of Thrissur see Thrissur Metropolitan Area...

, Kerala

Kerala

or Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....

 state. Manappuram has over 1,000 branches across 15 states, a staff strength of over 6,500 people and a customer base of over 5,000.

History

The company was founded in 1949 by late V.C. Padmanabhan in Thrissur District

Thrissur district

Thrissur is a revenue district of Kerala situated in the central part of that state. Spanning an area of about 3,032 km2, Thrissur district is home to over 10% of Kerala’s population. Thrissur district was formed on July 1, 1949, with the headquarters at Thrissur City. Thrissur is known as...

. The company commenced its operations at Valapad, mainly with money lending activity on a very modest scale. The group's flag-ship company, MAGFIL, was established in 1992 in the wake of economic reforms launched by the Government of India

Government of India

The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...

.