Manba Finance

Mumbai, India Founded: 1996 • Age: 30 yrs Listed
Provider of two-wheeler and three-wheeler loans, and other personal and small business loans
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About Manba Finance

Manba Finance is a publicly listed company based in Mumbai (India) founded in 1996. Provider of two-wheeler and three-wheeler loans, and other personal and small business loans. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Manba Finance has raised $856.86 thousand across 2 funding rounds. The company has 1,480 employees. Its website manbafinance.com draws about 37 thousand monthly visits. Its Indian entity Manba Finance Limited reported revenue of ₹330 Cr. Manba Finance offers products and services including New Two Wheeler Loan, EV Two Wheeler Loan, Second Hand Bike Loan, Personal Loan, and Small Business Loan. Its focus areas include Consumer and SME Loans, Diversified, Auto and Auto Retail & Aftersales. Its competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed competitors has raised funding.

Company details

Manba Finance was established in 1996 in Mumbai, India, within the financial services sector. Financing is provided for new and used two-wheelers and three-wheelers, including electric models. Personal loans and small business loans are also extended. Operations rely on technology to facilitate loan applications and approvals, serving customers across India.

  • Headquarters Mumbai, India
  • Employees 1,480
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Financial Services
  • Website category Finance · Accounting and Auditing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website manbafinance.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Manba Finance Limited
Operational Areas
Transportation, Automotive & Logistics → Automotive Retail & Aftersales
Financial Services → Consumer and SME Loans
Key Metrics
  • Market Cap
    ₹724 Cr

    MANBA · NSE

  • Share Price
    ₹142.89

    -0.87% today

  • Revenue
    ₹328 Cr

    FY 2025-26 · +30.8% YoY

  • EBITDA
    ₹216 Cr

    Margin 65.9%

  • Net Profit
    ₹45.36 Cr

    FY 2025-26 · +19.9% YoY

  • P/E (TTM)
    14.0x

    P/B 1.7x

  • ROE
    11.7%

    ROCE 12.5%

  • Debt / Equity
    3.39

    Interest cover 71.8x

  • Total Equity Funding
    $856.86K (USD)

    in 2 rounds

  • Latest Funding Round
    $611.5K (USD), Angel Round

    Nov 2022

  • Employee Count
    1,480

Products & Services of Manba Finance

Manba Finance offers a comprehensive portfolio of products and services, including New Two Wheeler Loan, EV Two Wheeler Loan, Second Hand Bike Loan, Personal Loan, and Small Business Loan.

New Two Wheeler Loan
Vehicle Financing

Loan for purchasing new two-wheelers with quick approval

EV Two Wheeler Loan
Vehicle Financing

Financing for electric two-wheelers up to 100% funding

Second Hand Bike Loan
Vehicle Financing

Loan for pre-owned bikes with flexible tenures

Personal Loan
Personal Financing

Unsecured loan up to Rs 5,00,000 for individual needs

Small Business Loan
Business Financing

Loan for small businesses to support operations

Funding Insights of Manba Finance

Manba Finance has successfully raised a total of $856.86K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $611.5 thousand completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $856,864
  • Total Rounds 2
  • Last Round Angel Round — $611,501
  • First Round $245,363

    (Mar 2012)

All 2 funding rounds of Manba Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 2022$611,501Angel Round––
–
Mar 2012$245,363Seed––
–

Board of directors of Manba Finance Limited (Manba Finance)

Manba Finance Limited is the primary company behind Manba Finance. The boards of the 2 registered companies of Manba Finance currently have 8 directors; the longest-serving is Nikita Manish Shah, appointed in 1996. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Nikita Manish Shah
DIN 00171306
Whole-time director31 May 199630 yrs 5 moManba Finance Limited
Manish Kiritkumar Shah
DIN 00979854
Managing Director01 Feb 201016 yrs 9 moManba Finance Limited
Abhinav Sharma
DIN 07641980
Director02 Sep 20197 yrs 2 moManba Finance Limited
Jay Khushal Mota
DIN 03105256
Designated Partner07 Oct 20206 yrs 1 moApollo Realsol Llp, Manba Finance Limited
Monil Manish Shah
DIN 07054772
Designated Partner25 May 20224 yrs 5 moApollo Realsol Llp, Manba Finance Limited
Neelam Tater
DIN 07653773
Director25 Oct 20233 yrsManba Finance Limited
Nallepilly Ramaswami Parameshwaran
DIN 00820931
Director17 Dec 20241 yr 10 moManba Finance Limited
Sujay Shantilal Jagani
DIN 07257603
Director18 Feb 20251 yr 8 moManba Finance Limited

People of Manba Finance

9 people are tracked at Manba Finance (6 in leadership, 3 in team); the tracked headcount is 1,480.

NameRoleGroup
Manish K Shah
Managing DirectorLeadership
Manish Kirit Shah
Managing DirectorLeadership
Amit Saroha
Cluster HeadLeadership
Jay Mota
Executive Director & CFOLeadership
Monil M. Shah
Chief Business OfficerLeadership
Pankaja Renoy
Business HeadLeadership
Shreya Rathod
Senior Executive Human ResourcesTeam
Neha Karvir
HR ManagerTeam
Atish Surve
Deputy ManagerTeam
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Complete people profiles for Manba Finance

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  • Team structure
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IPO & Listings of Manba Finance

Manba Finance is a publicly listed company on the NSE with ticker symbol MANBA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date30 Sep 2024
  • Listed onNSE: MANBA · BSE: 544262
  • Listed entityManba Finance Limited
  • Exchange sectorFinance
  • ISININE939X01013
  • Share price₹140.06 (-0.43% on the day) · 2026-10-14
  • Market capitalisation₹704 Cr
  • Price to earnings14.4
  • EPS (diluted, trailing year)₹9.73
  • Dividend yield0.71%
  • Volume (last session)100,741

Financials of Manba Finance

Exchange-reported figures of Manba Finance Limited, the listed company behind Manba Finance (NSE: MANBA).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹328 Cr
+30.8% YoY
EBITDA
₹216 Cr
+33.0% YoY
Profit After Tax
₹45.36 Cr
+19.9% YoY
Net Worth
₹410 Cr
+11.1% YoY
Total Assets
₹1,965 Cr
+35.3% YoY
Total Debt
₹1,556 Cr
+43.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue328251192133107105118
Revenue growth+30.8%+31.0%+43.7%+25.1%+1.1%-10.5%-
EBITDA21616312581.5661.9766.2875.40
EBITDA margin+65.9%+64.8%+65.2%+61.2%+58.1%+62.9%+64.0%
Profit before tax61.5050.1138.6521.0212.0212.0623.90
Net profit45.3637.8231.1515.2214.8812.6820.61
Net profit margin+13.8%+15.1%+16.3%+11.4%+14.0%+12.0%+17.5%
EPS (₹)9.037.528.2812.127.517.2214.49
Balance sheet
Total assets1,9651,453963774548522530
Net worth410369201167152143136
Total debt1,5561,084763608395379394
Cash & bank26724012510950.0413.7510.81
Net working capital29324913311050.3126.24517
Cash flow
Cash from operations(378)(320)(141)(124)18.3872.716.58
Cash from investing(59.68)(14.65)1.10(18.92)(0.71)(1.19)(0.64)
Cash from financing46545015620218.61(68.57)(13.17)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue97.7592.6093.4190.0377.6267.0068.0168.87
Revenue growth (YoY)+25.9%+38.2%+37.4%+30.7%+20.2%+36.7%--
Other income0.020.000.010.01(0.06)2.020.000.00
Total expenses34.3631.7832.6829.5926.3423.2926.5722.98
EBITDA63.3960.8260.7360.4451.2843.7141.4445.89
EBITDA margin+68.4%+71.5%+65.7%+70.1%+70.9%+69.3%+62.7%+71.3%
Depreciation1.211.211.181.201.181.161.231.14
Interest40.4743.5242.6242.1234.8032.3929.0128.29
Profit before tax21.7316.0916.9417.1315.2412.1811.2016.46
Tax7.992.845.814.063.852.433.173.50

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue97.7592.6093.4190.0377.6267.0068.0168.87
Revenue growth (YoY)+25.9%+38.2%+37.4%+30.7%+20.2%+36.7%--
Other income0.020.000.010.01(0.06)2.020.000.00
Total expenses34.3631.7832.6829.5926.3423.2926.5722.98
EBITDA63.3960.8260.7360.4451.2843.7141.4445.89
EBITDA margin+68.4%+71.5%+65.7%+70.1%+70.9%+69.3%+62.7%+71.3%
Depreciation1.211.211.181.201.181.161.231.14
Interest40.4743.5242.6242.1234.8032.3929.0128.29
Profit before tax21.7316.0916.9417.1315.2412.1811.2016.46
Tax7.992.845.814.063.852.433.173.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue328251192133107105118
Revenue growth+30.8%+31.0%+43.7%+25.1%+1.1%-10.5%-
Other income1.960.000.030.530.430.460.68
Total expenses11288.4366.6251.7644.6239.1442.42
Employee cost59.5250.0238.4228.0022.8718.9316.47
EBITDA21616312581.5661.9766.2875.40
EBITDA margin+65.9%+64.8%+65.2%+61.2%+58.1%+62.9%+64.0%
Depreciation4.724.594.494.453.793.631.94
Interest15210881.8756.6246.5951.0550.24
Profit before tax61.5050.1138.6521.0212.0212.0623.90
Tax16.1412.307.475.802.602.995.71
Net profit45.3637.8231.1515.2214.8812.6820.61
Net profit margin+13.8%+15.1%+16.3%+11.4%+14.0%+12.0%+17.5%
EPS (₹)9.037.528.2812.127.517.2214.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital50.2450.2437.6712.5612.5612.5612.56
Reserves & surplus360319163154140130123
Shareholders' funds (net worth)410369201167152143136
Secured loans1,5241,059755596394357331
Unsecured loans31.9024.527.3211.671.0421.5563.44
Total debt1,5561,084763608395379394
Total liabilities1,9651,453963774548522530
Assets
Gross block44.2842.3630.1641.7928.4028.3821.16
Net block15.3318.0219.7621.6712.7915.8213.78
Capital work in progress0.000.000.000.000.000.000.00
Investments93.8437.8926.6718.360.080.050.05
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances26724012510950.0413.7510.81
Loans & advances40.1022.1018.6615.6316.7218.91516
Total current assets30726214412466.7632.66527
Total current liabilities13.8813.2110.3614.7016.456.4210.31
Net working capital29324913311050.3126.24517
Total assets1,9651,453963774548522530
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash24012510950.0413.7510.8118.04
Net cash from operating activities(378)(320)(141)(124)18.3872.716.58
Net cash from investing activities(59.68)(14.65)1.10(18.92)(0.71)(1.19)(0.64)
Net cash from financing activities46545015620218.61(68.57)(13.17)
Net change in cash27.2611516.3058.5936.292.95(7.23)
Closing cash26724012510950.0413.7510.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+30.8%+31.0%+43.7%+25.1%+1.1%-10.5%-
EBITDA growth+33.0%+30.1%+53.2%+31.6%-6.5%-12.1%-
PBT growth+22.7%+29.7%+83.9%+74.9%-0.3%-49.5%+14.0%
Net income growth+19.9%+21.4%+104.7%+2.3%+17.4%-38.5%-
Revenue CAGR (3Y)+35.0%+33.0%+22.0%+4.2%+6.8%+52.9%-
EBITDA CAGR (3Y)+38.4%+37.9%+23.5%+2.7%+4.3%+57.4%-
Profitability & leverage
Net income margin+13.8%+15.1%+16.3%+11.4%+8.8%+8.6%+15.4%
Return on capital employed+12.5%+13.1%+13.9%+11.7%+12.3%+13.0%+15.4%
Return on net worth+11.7%+13.3%+17.0%+9.5%+10.1%+9.1%+17.3%
Debt / equity3.393.243.733.142.622.773.21
Long-term debt / equity3.283.173.733.142.622.773.21
Interest cover71.8468.2767.9573.4380.0881.4868.39
Efficiency & per share
Fixed asset turnover7.626.925.333.813.774.275.72
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)9.037.528.2812.127.517.2214.49
Dividend per share (₹)1.000.750.000.000.000.000.00
Book value per share (₹)81.5673.4353.25132.83121.39113.83108.29

Timeline of Manba Finance

4 dated milestones of Manba Finance across 28 years, from founding to its latest funding, stage changes and deals.

  1. Founded Manba Finance is founded.
  2. Funding First funding round of $245K.
  3. Funding Latest funding round, Angel Round, of $612K.
  4. IPO Lists on the stock exchange (IPO).

Competitors of Manba Finance

Manba Finance has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Manappuram Finance
manappuram.com1992Valapad, India$39.98M32,076
Consumer and SME loans are provided by Manappuram Finance.
L & T Finance Holdings
ltfs.com1994Mumbai, India39,216
Diversified lending services are provided as a non-banking financial institution.
IIFL Finance
iifl.com1995Mumbai, India16,076
Online gold, home, personal, and business loans are provided.
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Detailed competitors of Manba Finance

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Web traffic of Manba Finance

The website of Manba Finance (manbafinance.com) receives about 36.9K visits a month and ranks #435,562 among all websites worldwide, #1,090 in Accounting and Auditing.

  • Monthly visits
    36.9K

    ▼ 9.6% vs previous month

  • Unique visitors
    13.3K

    per month

  • Global rank
    #435,562

    among all websites

  • Category rank
    #1,090

    Finance · Accounting and Auditing

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Top companies in Automotive Retail & Aftersales

3 companies that operate in the same segment as Manba Finance (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Digit Insurance
General and life insurance products are provided across multiple categories.
2016Bengaluru, Karnataka, IndiaUSD 462.45 MUSD 1.12 B4,589
ACKO
Insurance products for vehicles, health, travel, and life are offered.
2016Bengaluru, Karnataka, IndiaUSD 746.17 MUSD 216.04 M1,306
Spinny
Retailer of inspected, certified pre-owned vehicles with service and finance options
2015Gurugram, Haryana, IndiaUSD 741.46 MUSD 446.48 M5,812
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Related news about Manba Finance

MANBA: Q2 SL NET PROFIT 137M RUPEES VS 114M (YOY)
Exchange Update • 13 days ago
MANBA: Q2 REVENUE 977M RUPEES VS 776M (YOY)
Exchange Update • 13 days ago
Manba Finance Limited’s Board Approves Fundraise of ₹99.99 Crore through a Preferential Issue; Marquee Family Offices and Investors Come on Board - The Wire
The Wire • 1 month ago
Manba Finance to Raise ₹99.99 Crore to Strengthen Capital Base and Support Financing Operations
Hello Entrepreneurs • 1 month ago
Manba Finance: Company's Board Approves ₹99.99 Crore Fundraising Through Special Share Issue.
Exchange Update • 1 month ago
Manba Finance: Co Approves Securities Issue Worth Up to 1 Billion Rupees
Exchange Update • 1 month ago
Manba Finance: Co Plans to Issue Fully Convertible Warrants and Equity Shares, Reappoints Manish Kiritkumar Shah as Managing Director.
Exchange Update • 1 month ago
Manba Finance reports strong Q1 FY27; revenue up ~34% and profit up ~36% year-on-year, with improving asset quality - The Wire
The Wire • 3 months ago
Manba Finance reports strong Q1 FY27; revenue up ~34% and profit up ~36% year-on-year, with improving asset quality
Business Standard • 3 months ago
Manba Finance Ltd Enters EV Battery Financing
Reuters • 3 months ago
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Frequently Asked Questions about Manba Finance

Manba Finance was founded in 1996 and raised its 1st funding round 16 years after it was founded.

Manba Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Manba Finance is a funded company, having raised a total of $856.86K across 2 funding rounds to date. The company's 1st funding round was a Seed of $245.36K, raised on Mar 2012.

Manba Finance has 1,480 employees.

The primary company behind Manba Finance, Manba Finance Limited, reported revenue of ₹330 Cr for FY 2026, up 31% year on year.

Manba Finance was established in 1996 in Mumbai, India, within the financial services sector. Financing is provided for new and used two-wheelers and three-wheelers, including electric models. Personal loans and small business loans are also extended. Operations rely on technology to facilitate loan applications and approvals, serving customers across India.

Manba Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.

Manba Finance offers New Two Wheeler Loan, EV Two Wheeler Loan, Second Hand Bike Loan, Personal Loan, and Small Business Loan.

Yes, Manba Finance is publicly traded on NSE under the ticker symbol MANBA.

Manba Finance is associated with 2 legal entities: Manba Finance Limited, Apollo Realsol Llp.

The legal entities of Manba Finance currently have 10 directors, including Jay Khushal Mota, Monil Manish Shah, Jay Mota and others.

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