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The Company was incorporated on Oct­ober 07, 2010 as ‘Milestone Home Finance Company Private Limited’, as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by Registrar of Companies, Mumbai. The name of our Company was changed to ‘Manappuram Home Finance Private Limited’ pursuant to a resolution passed by the shareholders of our Company at the EGM held on August 11, 2014 and a fresh certificate of incorporation dated September 04, 2014 issued by the by Registrar of Companies, Mumbai. Further, the name of our Company was changed to ‘Manappuram Home Finance Limited’ as consequence of its conversion from private company to public company  pursuant to a resolution passed by the shareholders of our Company at the EGM held on December 3, 2016 and a fresh certificate of incorporation dated July 31, 2017 issued by the RoC.

Originally, Company had obtained a certificate of registration dated March 12, 2012 bearing registration No. 03.0097.12 issued by NHB to commence the business of housing finance institution without accepting public deposits in accordance with Section 29A of NHB Act. Pursuant to the change of name from ‘Milestone Home Finance Company Private Limited’ to ‘Manappuram Home Finance Private Limited’ we had obtained a certificate of registration dated September 11, 2014 bearing registration No. 09.0116.14 from NHB. Thereafter, as consequence of the conversion from private company to public company the name of our Company was changed to ‘Manappuram Home Finance Limited’ and consequently we have obtained certificate of registration dated August 22, 2017 bearing registration no. 08.0158.17 from NHB to carry on the business of a housing finance institution without accepting public deposits under Section 29A of the NHB Act.

Leadership Team


V.P.Nandakumar (Chairman)


Mr. V.P. Nandakumar is a post-graduate in Sci ence with additional qualifications in Banking and Foreign Trade. He started his career with the erstwhile Nedungadi Bank. In 1986, he resigned to take over the family business, following the demise of his father, V.C. Padmanabhan. In 1992, he promoted Manappuram Finance Limited and has been a Director of the Company since then. He is a managing committee member of leading trade and industry associations such as Associated Chambers of Commerce (ASSOCHAM) and Federation of Indian Chambers of Commerce (FICCI). He is also a former Chairman of the Kerala State Council of the CII. He has been associated with our Company since March, 2014

Mr. T.Balakrishnan: Independent Director

DIN: 00052922

A former member of Indian Administrative Service Mr Balakrishnan retired as Additional Chief Secretary, Industries and IT Departments Kerala. He has rich experience in various fields including Public Administration, Regulations, Industry, Tourism, Infrastructure, IT and Local Self Government. He has worked in TN, Kerala, Delhi and New York in his long career. He has served in more than 40 Boards including State PSUs, Central PSUs, Statutory Boards and reputed Private Sector Companies, as Director. During his illustration career as an IAS officer, he has held a various key administrative position in Kerala Government. He has been associated with our Company since June 18, 2014 as an Independent Director.

Nandakumaran Puthezhath


He holds a Master's degree. Formerly Managing Director of State Bank of Travancore and President/CEO of State Bank of India (Canada).
He served the State Bank of India group for 38 years in India and Canada in various capacities.
He represented SBI, as a nominee in the Board of Credit Information Bureau of India. Presently President of MobME Wireless Solutions Ltd and Honorary Advisor to Alpha Palliative Care.

Mr. Shailesh J Mehta – Independent Director

DIN: 01633893

He holds a degree in Mechanical Engineering from Indian Institute of Technology, Mumbai, M.S. - Operations Research and Ph.D. in Operations Research and Computer Science from Case Western Reserve University in Cleveland, USA.
He also has honorary Ph.D. from California State University.
He has 40 years of expertise in Financial Services, Banking, Insurance, Investments and Advisory.
e is Managing General Partner of Granite Hill Capital Partners LLC, Private Equity Fund.
He was previously Chairman of the Board and CEO of Providian Financial Corporation and also served as President and COO of Capital Holding Dr. Mehta served as a Trustee of the California State University System.
He is founder and is on the Advisory Board of Shailesh J Mehta School of Management at IIT, Mumbai. He serves on the Board of Heritage Fund of IIT Alumni in USA.
He is the member of IIT Bombay Advisory Council and is the Chairman of the board of PANIIT USA alumni association.

Mr. Gautam Saigal- (Non Executive Director)


Mr. Gautam Saigal is founder partner of Pachira Financial Services LLP. He has over 30 years of experience in financial services covering Investment Banking, Private Equity Investments and Advisory Services. Gautam was the Managing Director of AA Indian Development Capital Advisors Ltd., advisors to the India dedicated mid-market focussed private equity fund launched by the Ashmore Group and A lchemy Partners, UK (2006-2013).Prior to this he was Vice President, AIG Global Investment Group (Asia) and Co-Head of its India Private Equity advisory practice, responsible for leading several private equity investments across various sectors (1997-2006). Earlier to this he was in Investment Banking for 6 years. From September 2013 till August 2021, he was an Advisor to Manappuram Finance Ltd. He is presently a member of the Board of Directors of Asirvad Microfinance Ltd. He has been associated with our Company since May 13, 2015. He is a chartered accountant and post graduate in Commerce.

Mr. Munish Dayal- (Director)


Munish Dayal: aged 53 years is a Non-Executive Director. He holds a bachelor’s degree in commerce from the University of Delhi. He is a Senior Partner with Barings Private Equity Partners India since May 2007 and heads the investment practice in Banking, Financial Services & Insurance (BFSI) and also serves as an Operating Partner. He has been associated with our Company since November 03, 2017.

Mr. Jeevandas Narayan– Non Executive Director

DIN: 07656546

Mr. Jeevandas Narayan is a graduate in Commerce from University of Mysore. He has over 40 years of vast experience in Banking and finance sector. He is a career Banker who retired from State Bank of India as Deputy Managing Director and his last posting was Managing Director in State Bank of Travancore. After retirement from SBI, he was the Nominee Director of the SBI on the Board of Soma Enterprises Ltd. for a short stint in the year 2017. He was ranked among the top 40 CEOs by the BT-PwC list of India’s Top 40 CEOs from the BFSI Sector 2016. Mr. Jeevandas Narayan is also serving on the Governing Body of MSNIM, a leading Management Institute based at Mangaluru and is currently nominated as its Correspondent. Both these positions as Governing Body member and Correspondent are “Pro bono” positions. He is also holding directorship in the Karnataka Bank Ltd as an Independent Director. He has been associated with our Company since February 2, 2017.

Mr. Subhash Samant- Chief Executive Officer

Mr. Subhash Samant has completed his MBA from the Institute of Management Education- IME Pune. He has more than 20 years of experience in HL and LAP, his experience across diverse facets such as Strategic Planning, Marketing and Business Development, Credit Risk Management in the areas of Mortgage lending, Deposits, and Branch Banking operations in the Retail Banking industry.
Prior to joining us he was associated with L&T Housing Finance Ltd., DHFL, ICICI Bank Ltd & GIC Housing Finance.

Mr. Shrinivas Poojary - Head Credit

Mr. Shrinivas Poojary is a qualified Chartered Accountant. He is having 15 years of experience in Credit & Risk, Accounts & Finance and Audit. His last assignment was with L&T Housing Finance Co Ltd and ICICI Bank Ltd.

Mr. Aloke Ghosal- Chief Executive Officer

He holds B.Com (Hons) degree from St. Xavier's college, Calcutta.
He has completed the Advanced Diploma in Management.
He has in-depth knowledge of primary residential mortgages in India, spanning over more than 20 years, and spearheaded mortgage initiatives of large financial groups.
He has held senior managerial positions (Head Operations, Chief Marketing Officer, General Manager) for the past 15 years.
He has served IDBI Home Finance Ltd from 2001 to 2011. Earlier (1994 to 2000) he was with LIC Housing Finance LTD. In the last assignment, held the position of Head Operations of Muthoot Housing Finance Co. Ltd.

Suveen P.S :- Chief Executive Officer

Mr. Suveen.P.S , CEO is a B.Tech graduate in Applied Electronics and Instrumentation engineering and Masters in Embedded System .
He has also done the Executive development programme in operation management from IIM-Raipur. He is having more than 6 years overall experience in the field of operation. Earlier he was associated with the Manappuram Finance limited.

Robin Karuvely :- Chief Financial Officer

Mr. Robin Karuvely is a qualified Chartered Accountant with more than 13 years of professional experience in Finance & Accounts, Audit and Taxation. He has completed Master’s in Commerce from University of Madras and ICWAI inter. Earlier assignment covers NBFC, Manufacturing and construction companies. From 2010 December to 2013, was associated with Manappuram Finance & Group of Companies. 

Mrs. Sreedivya – Company Secretary

Ms. Sreedivya S. is Fellow member of the Institute of Company Secretaries of India with a master’s degree in business administration in Finance. She has also completed Executive development programme in strategic management from IIM, Certificate Programme in Corporate Governance from IICA and Anti Money Laundering certification from BSE. Presently, she is working as the Company secretary and Compliance officer of M/s. Manappuram Home Finance Limited.
Her experience in Secretarial & Compliance functions spans over 20 years now. Her last assignment was with M/s. Manappuram Finance Limited, as its Assistant Company Secretary. Prior to it, she has worked as the Company Secretary of M/s. Manappuram Finance Tamilnadu Limited. She joined our company on 14th March 2014.

Mr.Ashwani Tyagi - Head-Sales

He is a qualified B.E. (Electronics) and Post Graduate Diploma in Business Management (Marketing) and having 19 years of professional experience in Sales & Business Development of Financial Products.
His last assignment was with Shriram Housing Finance Ltd as Dy.Vice President- Business Development, and also worked with Axis Securities, Bharti AXA Life Insurance, Max New York Life Insurance & Edutech Informatics India Ltd.

Mr. Achuta Rama Murthy- Head Credit

He holds Master degree in Commerce from Ravi Shankar University, Raipur, LLB from Rajasthan University, Jaipur and also he is Associate Member of Institute of Company Secretaries of India (ICSI).
He is having 22 years of exposure at various positions with various companies like LIC Housing Finance Ltd.
Dewan Housing Finance Limited, Mahindra Rural Housing Finance Limited and Fullerton Credit India Limited.

Mr.Rajesh Kuwar

Mr.Vishal Likhi

He holds B.Com degree from Mumbai University and has more than 20 years of professional experience in Collection, Risk & Fraud Management. His last assignment was with India Infoline Finance Ltd as Head- Fraud Control Unit, and also worked with Karvy Financial Services Ltd, Family Credit Ltd, HDFC Bank Ltd, Development Credit Bank Ltd, E-Serve International Ltd, BNP Paribas, HBL Global Pvt Ltd and RS Chhabra & Co.

Prasad C Bendre - Head Operation & Collection

He is Commerce graduate from Garware College, Pune University. He did Diploma in Financial Management, Advance Diploma in Business Administration, PGDBA in International Business from Welingkar Institute of Management, Mumbai University.
He also did MDP from IIM, Ahmadabad, Alumni Nos. 2011700175. He is having 22 years of experience at various positions with various companies such as Dewan Housing Finance Ltd., IDBI Home Finance Limited, Gruh Finance Limited and Global Housing Finance Limited respectively.
He is 43 years old.

Chittaranjan Datar - Head Legal

He is graduate in Law ( BSL LLB ) from ILS Law College, Pune and also holds a PGDBM from Pune University as also a Diploma in Corporate Laws from Asian Cyber Institute, Pune.
Hailing from a family of small scale business-people, he has 20 years of work - experience, post qualification with various companies at various positions like Housing Development Finance Corporation ("HDFC") Ltd , Nishith Desai Associates, Credila Financial Services Pvt. Ltd.
His last assignment was with e-Nxt Financial Ltd. (A Tata Enterprise )

Mr.Suresh Deshpande - Head HR

He is a science graduate and is holds a MBA HR and having more than 12 years of professional experience in Human Resources. He has experience in handling HR functions including HR Strategy, Policy design, Talent Acquisition, Talent Management, Performance Management, Rewards and Recognition and Compensation & Benefits.
> His last assignment was with YES Bank Ltd as Vice President-Human Resources, and also worked with Emkay Global Financial Services Ltd, Robo Silicon Pvt Ltd, Cushman & Wakefield and ACE Biomed Pvt Ltd.
First will be hightest graduate
Bachelors of Engg

Pratima Ram -Independent Director


Ms. Pratima Ram is an experienced banker with three decades in Corporate, International, Investment & Retail Banking. She has worked in India, USA and South Africa. Pratima held the position of Country Head & Chief General Manager of the United States Operations of State Bank of India, in New York, and prior to this she was the CEO of the South African operations of the Bank based at Johannesburg. At SBI Capital Markets, she assisted companies in raising funds through capital market instruments and led the Corporate Advisory, M&A, & Project Appraisal business. She also led the training initiatives of SBI as head of the SBI Academy. On leaving the public sector, she joined private sector in the infrastructure and Oil & Gas space as Group President Finance at Punj Lloyd Group having diversified operations then in more than 15 countries and thereafter held the position of CEO and Whole Time Director of India Infoline Finance Ltd. Currently she is holding directorship in various companies as independent director. Pratima graduated from University of Virginia, USA and Bangalore Uni versity

V S Radhakrishnan – Independent Director

DIN-08064705 V S Radhakrishnan is an experienced Banker having more than 30 years of well-rounded Banking experience in India’s largest Bank -State Bank of India. His last assignment with the Bank was as Deputy Managing Director. He is having experience in commercial lending comprising of setting business goals, leading teams for business origination and recommending business for sanction apart from credit administration, resolution of stressed assets, active participation in bank level policy making, building and sustaining a strong network of relationships with other large commercial banks including Foreign and Private sector Banks, Financial Intermediaries, Investment Bankers and Private Equity firms etc. He was a member of Sanctioning Committee for loans. Currently he is holding directorship in various companies as independent director viz M/s Tata Capital Limited, M/s Tube Investments of India Ltd and M/s Orocorp Finance Private Limited
V.S. Radhakrishnan has post-graduation of master’s in business administration (MBA) & master’s in commerce and has Certified Associate of Indian Institute of Bankers (CAIIB). And also has Executive Education - Effective Execution of Organizational Strategy at The Wharton School, Pennsylvania & Authentic Leader Development at Harvard Business School, Boston, USA.

Ms. Mayurakshi Ray – Independent Director

Ms. Mayurakshi Ray is the first qualified Cybersecurity Woman Independent Director in India, entrepreneur, Big 4 consulting leader, CISO, CCO, CRO. A Chartered Accountant by qualification, and domain expertise in cyber security, governance, risk and compliance by profession, is having more than 25 years’ professional experience working across India, US, Switzerland, Singapore, Sri Lanka, Bangladesh and Philippines.
Her key clients and organizations include some of the largest private sector banks in India and US, insurance companies, telecom giants, manufacturing organizations and the leading ITeS companies of India.
She is in the Standing Committee on Technology, NCDEX and also a Co-author for Global Technology Audit Guide (GTAG) on ‘Information Technology Outsourcing’ for IIA, Florida (7th Edition). She is an active Speaker in CISO, CFO platforms and actively contributing in DSCI, Cyber Express and other Security Magazines