12 August 2026 at 2:20 am
Summary
Manappuram Finance is transitioning to professional management after Bain Capital gained joint control, with VP Nandakumar becoming non-executive chairman and Ashish Singh taking over as MD and CEO from January 2027. The company also reported a four-fold increase in first-quarter profit to ₹585 crore.
Manappuram Finance Q1 profit surges four-fold to Rs 585 crore
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