VP Nandakumar on the Everlasting Popularity of Gold Loans in the Indian Financial Market

The rise of digital banking and financial technology has created a great opportunity for gold lenders to reach new customers and simplify their operations," says VP Nandakumar, CEO and Managing Director of Manappuram Finance. "By adopting these technologies, companies can provide more personalized and efficient services, strengthening their role in India's organized lending market."

In India, gold has always been valued not just as a symbol of wealth, but also as an important financial asset. Traditionally, Indian households have used gold as a way to store value and as a safety net during tough financial times. It has also been a popular tool for informal borrowing, where people would pledge their gold to get quick loans from local moneylenders.

However, the gold financing industry has changed significantly over the years, especially with the introduction of new financial products and more organized lending options. In this evolving landscape, Manappuram Finance, led by Nandakumar, has been a key player in modernizing gold loans and reaffirming their importance in India's financial system.

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VP Nandakumar Shares Insights on NBFCs and India’s Credit Access Challenge

India’s banking sector has changed significantly with the growth of Non-Banking Financial Companies (NBFCs). These companies have transformed the way people and businesses access credit across the country. Unlike traditional banks, NBFCs focus on providing flexible and customized financial solutions. They help groups that are often ignored by banks, such as small businesses, rural entrepreneurs, and individuals without a formal credit history. VP Nandakumar , Managing Director of Manappuram Finance, explains how NBFCs are creating new opportunities by making credit more accessible and inclusive. Their role has been crucial in supporting economic growth at the grassroots level. The NBFC sector in India has grown rapidly and has become an important part of the financial system. As of December 2024, NBFCs had provided loans worth around ₹52 trillion. This figure is expected to cross ₹60 trillion by the financial year 2026. Read More

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Polyhalite is a naturally occurring mineral that contains a rare combination of potassium, magnesium, sulfur, and calcium—all vital for healthy plant growth. According to P.S. Gahlaut , “Polyhalite was formed about 260 million years ago and is found 1,200 meters below the northeastern coast of England. It is a unique crystal with amazing properties.” This mineral acts like a nutrient powerhouse for plants. Because of its crystalline structure, it releases nutrients slowly and steadily, ensuring long-lasting benefits. “Once it dissolves in the soil, each nutrient in polyhalite works in a special way to improve soil health,” explains Gahlaut. This unique feature helps the fertilizer meet the different nutritional needs of crops and correct deficiencies in sulfur, potassium, magnesium, and calcium effectively. Read More

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