Skip to main content

VP Nandakumar MD Manappuram Finance Aims for 20% CAGR and ROE in 2024


VP Nandakumar, the Managing Director of Manappuram Finance, said that the company has not been affected by the RBI's new regulations. In fact, he sees it as a positive change because they were well-prepared with their online gold loan schemes and other services. Their profitability has stayed strong, and for the coming year, they expect to maintain a 20% CAGR (compound annual growth rate) and similar levels of profitability.


VP Nandakumar added: "We had been aiming for 20% growth but achieved 19%, just 1% lower. Our performance hasn’t been bad, but we plan to improve. The RBI's new regulation hasn't impacted us, and we see it as a positive step since we were ready with our online gold loan offerings."

Read More
Labels:

Comments

Post a Comment

Popular posts from this blog

Kudos Finance And Investments Private Limited

Kudos Finance And Investments Private Limited (KFAIPL) is a well-established Indian private company, founded on April 25, 2009, with over 15 years of experience. It is based in Pune, Maharashtra, and operates in the finance and insurance sector. The company is currently active and has submitted its annual returns and financial statements up to March 31, 2021. KFAIPL is a company limited by shares, with an authorized capital of Rs 4.30 crore and a paid-up capital of Rs 3.28 crore. Visit Us
Post a Comment
Read more

Kwality Dairy to Invest $50 Million in Expansion Efforts

Kwality Dairy runs six plants in Haryana, Uttar Pradesh, and Rajasthan, processing 3 million liters of milk daily. Sanjay Dhingra, CMD of Kwality Ltd., said: “We currently collect about 2.8 million liters of milk daily, with 500,000 liters coming directly from our 22 milk chilling centers. We aim to improve our milk collection capacity further.” Read More
Post a Comment
Read more

Exploring the Legacy of Sidhant Gupta at Kwality Ltd

Sidhant Gupta is a well-known Indian entrepreneur, recognized for his time as Director of Kwality Ltd from 2011 to 2018. During his leadership, he helped drive the company’s growth, achieving a turnover of over ₹6,000 crore and expanding its reach to 20 countries. He also led the setup of a fully owned subsidiary in the UAE, strengthening Kwality Ltd's global presence. Sidhant Gupta graduated in Finance from Shri Venkateswara College, University of Delhi. As a forward-thinking leader, he promoted new technologies and improved management practices at Kwality Ltd, making it a top player in the dairy industry. With deep experience working with government agencies like the Food Corporation of India, Ministry of Agriculture, and Ministry of Defence, Sidhant built successful partnerships with major brands like Adani Wilmar, Cadbury, Britannia, and Markfed. His strategic approach and business skills helped Kwality Ltd become one of the most respected names in the dairy sector during his ...
Post a Comment
Read more