Manba Finance Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L65923MH1996PLC099938 Incorporated 31 May 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MANBA · BSE: 544262 Public Limited Company financial services MSME · Medium
Data last updated
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

About Manba Finance Limited

Data last updated:

Manba Finance Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Manba Investments And Semanba Investments And Se. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 31 May 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65923MH1996PLC099938. Its GSTIN is 27AAACM4681Q1ZU (Maharashtra). The company holds 8 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544262 and NSE: MANBA.

The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹50.24 Cr. It was formerly known as Manba Finance Private Limited. It is led by directors including Manish Kiritkumar Shah (Managing Director) and Monil Manish Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹328.24 Cr, a growth of 30.8% compared to the previous year. For the same year it recorded a net profit of ₹45.36 Cr (net margin 13.8%) and EBITDA of ₹216.19 Cr (EBITDA margin 65.9%). The net worth stands at ₹409.76 Cr (up 11.1% YoY). Total assets are valued at ₹1,965.36 Cr (up 35.3% YoY).

The company has about 1,078 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Manba Finance. As per MCA filings, the company has open charges of ₹2,059.42 Cr and satisfied charges of ₹1,887.09 Cr on record. Court records list 2,861 cases involving the company, including 2,842 filed by the company and 19 filed against it; 86 cases are pending. The company has 6 deals on record (5 market trades, 1 ipo); the latest was in July 2026. Its 6 peer companies in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 2 smaller; the largest is Save Microfinance Private Limited with revenue of ₹198.1 Cr. The company has 7 MSME Form 1 returns on record between 2021 and 2024, listing 49 overdue payments to 6 micro and small suppliers.

Manba Finance Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0132916). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manbafinance.com.

Company details

CIN L65923MH1996PLC099938
Registration Number 099938
Incorporation Date 31 May 1996
ROC Mumbai
Listing Status Listed - Listed on NSE (MANBA); Listed on BSE (544262)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Manba Investments And Semanba Investments And Se
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0132916

CIN history

Manba Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65923MH1996PLC099938, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L65923MH1996PLC099938Current
U65923MH1996PTC099938Previous
U65923MH1996PLC099938Previous

Recognitions & Rankings of Manba Finance

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0132916

Contact details

Manba Finance Limited's registered office is in Mumbai, Maharashtra. Its website is manbafinance.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    324 Runwal Heights Commercial Complex L.B.S Marg Opp. Nirmal Lifestyle Mulun, D (West), Mumbai, Maharashtra, India – 400080
  • Industry
    Financial Services, Investment & Credit NBFC, NBFC

To see the full contact details of Manba Finance Limited, buy the company report.

Comprehensive company report
Manba Finance Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Manba Finance operates one associated brand: Manba Finance. Each brand links to its own profile.

BrandDescriptionWebsite
Provider of two-wheeler and three-wheeler loans, and other personal and small business loansmanbafinance.com

Business activity

The main business activity of Manba Finance is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Manba Finance Limited, buy the company report.

Financials of Manba Finance Limited

FY 2025-26 filings available

Manba Finance Limited reported revenue of ₹328.24 Cr (up 30.8% YoY) for FY 2025-26.

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

To see the full year-wise statements and ratios of Manba Finance Limited, buy the company report.

Board of directors of Manba Finance Limited

Manba Finance has 8 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Monil Manish ShahWhole-Time Director07 Feb 20179 Years 9 MonthsCurrent
Jay MotaWhole-Time Director13 Feb 20233 Years 8 MonthsCurrent
Manish Kiritkumar ShahManaging Director01 Feb 201016 Years 9 MonthsCurrent
Nikita Manish ShahWhole-Time Director31 May 199630 Years 5 MonthsCurrent
Abhinav SharmaDirector02 Sep 20197 Years 2 MonthsCurrent
Nallepilly Ramaswami ParameshwaranDirector17 Dec 20241 Years 10 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Manba Finance Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Manba Finance Limitedthis company₹328.24 Cr (FY 2026)₹45.36 Cr13.8%30.8%1,078Mumbai, Maharashtra, India
Save Microfinance Private Limited₹198.1 Cr (FY 2025)-5.0%New Delhi, Delhi, India
U. Y. Fincorp Limited₹197 Cr (FY 2024)245.0%Kolkata, West Bengal, India
V I C Enterprises Private Ltd.₹192.43 Cr (FY 2018)110.0%New Delhi, Delhi, India
Icl Fincorp Limited₹191.69 Cr (FY 2025)32.0%Chennai, Tamil Nadu, India
Shamyak Investment Private Limited₹190.69 Cr (FY 2020)278.0%Mumbai, Maharashtra, India
Mekaster Finlease Limited₹189.21 Cr (FY 2019)499.0%New Delhi, Delhi, India

To see the full peer comparison of Manba Finance Limited, buy the company report.

Auditor

Manba Finance Limited is audited by ATMS & CO. LLP for the financial year 2021.

Auditor firmFinancial yearFirm registration number
ATMS & CO. LLPFY 2021W1001464

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 0.90%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 24.10%.

Promoters: 75.00%FII (Foreign Institutional): 0.90%Retail & Others: 24.10%
Sep 2026
QUARTER
75.00% Promoters
0.90% FII (Foreign Institutional)
24.10% Retail & Others
Promoter holding - history
Now 75.00% · Sep 2026High 75.00% · Dec 2025Low 75.00% · Dec 2025
74%74.5%75%75.5%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 75.00%Mar 2026: 75.00%Jun 2026: 75.00%Sep 2026: 75.00%75.00%75.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%

Charges & borrowings

Open charges
₹2,059.42 Cr
Satisfied charges
₹1,887.09 Cr
Breakdown by lending institutions
Others₹1,786.42 Cr
Sbicap Trustee Company Limited₹150.00 Cr
Axis Bank Limited₹73.00 Cr
State Bank of India₹50.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Sep 2026101403593Others₹50 CrOpen
21 Aug 2026101394698Others₹90 CrOpen
30 Jul 2026101355005Others₹25 CrOpen
29 Jul 2026101353471Others₹16 CrOpen
30 Jun 2026101334856Others₹15 CrOpen

To see the full charge records of Manba Finance Limited, buy the company report.

Total charge records: 249 View all charges

Deals & funding

Manba Finance Limited has 6 deals on record (5 market trades, 1 ipo); the latest was in July 2026.

Total deals
6
Market trades
5
IPO
1

Deals on record (5 of 6)

WhenDealAmountParties
Jul 2026Market trade₹4.9 CrBuyer: Ved Investments
Dec 2024Market trade₹5.38 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited
Dec 2024Market trade₹27.77 CrBuyer: Aakraya Research LLP , Hrti Private Limited , Qe Securities LLP
Seller: Aakraya Research LLP , Hrti Private Limited , Qe Securities LLP
Dec 2024Market trade₹4.4 CrBuyer: Qe Securities LLP
Seller: Qe Securities LLP
Oct 2024Market trade₹4.41 CrBuyer: NK Securities Research Private Limited
Seller: NK Securities Research Private Limited

To see the full deal history of Manba Finance Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Manba Finance Limited was last rated by Care on 25 Mar 2022.

Rating agencyRated onRating
Care25 Mar 2022

To see the full credit ratings and regulatory alerts of Manba Finance Limited, buy the company report.

MSME payment delays

Manba Finance Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 49 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 6)

SupplierAmount dueDue sinceReported on
Summit Integrated Facility Management Services Private Limited
an individual supplier
an individual supplier
3G Field Base Management
Venus Traders

To see the full MSME payment records of Manba Finance Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Manba Finance Limited has a workforce of 1,078 employees on its EPFO records as of Jan 21, 2026, across 1 active EPFO establishment.

Employee count
1,078
Active EPFO establishments
1
Employee growth
-4.94%

GST

Manba Finance has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.

Total GSTINs
8
Active
8
GSTINStateStatusRegistered on
27AAACM4681Q1ZUMaharashtraActive01 Jul 2017
27AAACM4681Q2ZTMaharashtraActive01 Dec 2022
24AAACM4681Q1Z0GujaratActive07 Sep 2018
08AAACM4681Q1ZURajasthanActive11 Feb 2020

To see the full GST registrations and return filing status of Manba Finance Limited, buy the company report.

Recent activity

Manba Finance Limited has 14 board changes on record since 1996: 11 appointments and 3 cessations. The latest: Anshu Shrivastava ceased to be Director on 31 Mar 2025.

Charges
A charge registered on 17 Jan 2025 via Charge ID 101193662 with Sbicap Trustee Company Limited was fully satisfied on 09 Oct 2026.
Charges
A charge registered on 28 Aug 2024 via Charge ID 100982730 with Others was fully satisfied on 24 Sep 2026.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101403593 was registered on 23 Sep 2026.
Charges
A charge registered on 30 Jul 2024 via Charge ID 100978266 with Others was fully satisfied on 16 Sep 2026.
Charges
A charge registered on 30 May 2023 via Charge ID 100739253 with Others was fully satisfied on 01 Sep 2026.
Charges
A charge registered on 30 Nov 2023 via Charge ID 100831107 with Others was fully satisfied on 25 Aug 2026.
Charges
A charge registered on 28 Jun 2024 via Charge ID 100941688 with Others was fully satisfied on 24 Aug 2026.
Charges
A charge with Others amounted to Rs. 90.00 Cr with Charge ID 101394698 was registered on 21 Aug 2026.
Charges
A charge registered on 27 Jul 2023 via Charge ID 100766044 with Others was fully satisfied on 19 Aug 2026.
Charges
A charge registered on 25 Jun 2024 via Charge ID 100940319 with Others was fully satisfied on 10 Aug 2026.
Charges
A charge registered on 26 Jun 2024 via Charge ID 100982063 with Others was fully satisfied on 07 Aug 2026.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101355005 was registered on 30 Jul 2026.

424 earlier events are in the company report.

News

MANBA: Q2 SL NET PROFIT 137M RUPEES VS 114M (YOY)
27 Oct 2026 · Exchange Update
MANBA: Q2 REVENUE 977M RUPEES VS 776M (YOY)
27 Oct 2026 · Exchange Update
Manba Finance: Company's Board Approves ₹99.99 Crore Fundraising Through Special Share Issue.
23 Sep 2026 · Exchange Update
Manba Finance: Co Approves Securities Issue Worth Up to 1 Billion Rupees
22 Sep 2026 · Exchange Update

Frequently asked questions

Manba Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 31 May 1996 (30+ years old) and is registered under CIN L65923MH1996PLC099938. Listed on BSE: 544262 and NSE: MANBA.

Manba Finance reported revenue of ₹328.24 Cr for FY 2025-26 (up 30.8% YoY) based on standalone financials.

Manba Finance has 8 current directors:

The latest financial statements of Manba Finance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Manba Finance is 27AAACM4681Q1ZU, registered in Maharashtra. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 27AAACM4681Q2ZT (Maharashtra), 24AAACM4681Q1Z0 (Gujarat), 08AAACM4681Q1ZU (Rajasthan).

The CIN (Corporate Identification Number) of Manba Finance is L65923MH1996PLC099938. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Manba Finance is a listed company as per MCA records. Its shares are listed on both BSE (code: 544262) and NSE (symbol: MANBA).

Manba Finance has 2,861 court cases on record: 2,842 filed by the company and 19 filed against it. 86 are pending. Most are in the district courts.

Manba Finance was incorporated on 31 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.

Manba Finance has 6 deals on record (5 market trades, 1 ipo); the latest was in July 2026.

The peers of Manba Finance by revenue are Save Microfinance Private Limited, U. Y. Fincorp Limited, V I C Enterprises Private Ltd, Icl Fincorp Limited, Shamyak Investment Private Limited and 1 more, all in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).

Anshu Shrivastava ceased to be Director on 31 Mar 2025. Sujay Shantilal Jagani was appointed as Director on 18 Feb 2025. Nallepilly Ramaswami Parameshwaran was appointed as Director on 17 Dec 2024. Manba Finance has 14 board changes on record in total.