Manba Finance Ltd., a leader in the two-wheeler auto finance segment, saw its shares trading 2.07% higher at ₹152 on the NSE as of 9:48 AM. The company recently announced its highest-ever Assets Under Management (AUM) of ₹1,200 crore and plans to leverage its robust collection infrastructure and branch expansion for future growth.
Highlights from the company’s announcement:
- AUM Milestone: Achieved ₹1,200 crore in AUM, the highest in the company’s history.
- Festive Season Success: Disbursed ₹250 crore in auto loans during the festive season, marking its best performance yet.
- Credit Quality: Maintained a credit loss consistently below 1%, a standout achievement in the industry.
- Expansion Strategy: Focused on adding new products and leveraging its existing 71 branches across six states, with plans for further growth.
About Manba Finance Ltd.: The Mumbai-based Non-Banking Financial Company (NBFC) specializes in financing two-wheelers (2Ws), three-wheelers (3Ws), electric vehicles (EV2Ws and EV3Ws), used cars, and small business loans. With partnerships across 1,100+ dealers and 190+ EV dealers in states like Maharashtra, Gujarat, and Uttar Pradesh, the company provides quick loan sanctions and disbursements.
This milestone follows the company’s successful IPO in September 2024, where it raised ₹150 crore.
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