ncorporated under The Companies Act,1956 on 29th Aug, 2007. Obtained NBFC License from Reserve Bank of India on 14th Dec, 2007. Started forming groups from Dec 15, 2007 and first lending operations with effect from 21st Jan, 2008.
In February 2015 Manappuram Finance Ltd took over the Company with the stake of 85%. At present the stake is 93.33%.
Microfinance Scene in India
Our country has a population of 116.60 Crores and a population growth rate of 1.548%.About 71% live in rural areas, while 29% live in urban areas. India’s diverse economy encompasses traditional village farming, modern agriculture, handcrafts, a wide range of modern industries, and a multitude of services. Services are a major source of economic growth, accounting for more than half of India’s output with less than one third being the labor force. Slightly more than half of the work force is in agriculture, leading the government to articulate a rural economic development programmer that includes creating basic infrastructure to improve the lives of the rural poor and boost economic performance.
The government has relaxed controls on foreign trade and investment. Higher limits on foreign direct investment were permitted in a few key sectors, such as telecommunications. However, tariff spikes in sensitive categories, like agriculture and incremental progress on economic reforms still hinder foreign access to India’s vast and growing market.
The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. India achieved 8.5% GDP growth in 2006, 9.0% in 2007 and 7.3% in 2008, thereby significantly expanding the manufacturing processes. India is also capitalizing on its large number of English educated people, and is becoming a major exporter of software jobs and services.
Strong growth combined with easy consumer credit, a real estate boom and fast-rising commodity prices fueled inflation concerns from mid-2006 to August 2008. Rising tax revenues and economic expansion helped the government make progress in reducing its fiscal deficit for three straight years before skyrocketing global commodity prices more than doubled the cost of government energy and fertilizer subsidies. The ballooning subsidies amidst slowing growth brought the return of a large fiscal deficit in 2008. In the long run, the huge growing population is fundamentally a social, economic and environmental problem.
1. Filing of quarterly compliance to stock exchange / debenture trustee 2. Compliance of SEBI / LODR 3. Filing of returns with RBI 4. Conduct...
Disbursement of loan. Collection of loan. Timely meeting with customer Extensive travel by two wheeler. Perks and Benefits PF, Esic, Incent...
Job Description * Handling 12-15 Branches and 40 -50 employees * Achieving the sales and disbursement target decided by the organiz...
Job Description Disbursement of loan. Collection of loan. Timely meeting with customer Extensive travel by tw...
1. Filing of quarterly compliance to stock exchange / debenture trustee 2. Compliance of SEBI / LODR 3. Filing of returns with RBI 4. Conducting Board...
Desired Candidate Profile 1. Primarily responsible for achieving Area performance targets 2. Fee income growth 3. Arrears and dishonour management 4....
Disbursement of loan. Collection of loan. Timely meeting with customer Extensive travel by two wheeler. Perks And Benefits PF, Esic, Incentive, Gratui...
1. Responsible for end to end recruitment 2. Sourcing candidates through internal references, database, job portals, social media etc.3. Prepare re...
Conducting Training Need Analysis (TNA)2. Training Scheduling and Preparing Training Calendar in coordination with all the concerned departments3. T...
1. Conducting Training Need Analysis (TNA)2. Training Scheduling and Preparing Training Calendar in coordination with all the concerned department...
1. Debt & Equity Fund raising Term loan, NCD, CP, Securitization, Direct Assignment, ECB and other structured instrument.2. Liquidity and ALM...
1. Responsible for end to end recruitment 2. Sourcing candidates through internal references, database, job portals, social media etc.3. Prepare re...
1.Lead generation into secured leaning 2.Dynamic of ensuring achieving the targets timely 3.Base knowledge into banking & financial sales ba...
1. Design internal newsletter with rich graphics and layouts2. Liaise with internal stakeholder to create Posters, mailers and other brand collate...
