Overview
Empowering Your Homeownership Dreams with Trust and Innovation.
![Overview](./../assets/images/inner/overview.webp)
The Evolution of Manappuram Home Finance: From Incorporation to Public Company
Incorporation and Early Years
The company was incorporated on October 7, 2010, under the name 'Milestone Home Finance Company Private Limited.' It was registered as a private limited company under the Companies Act, 1956, with its certificate of incorporation issued by the Registrar of Companies, Mumbai. This marked the official beginning of the company's journey in the housing finance sector.
Rebranding and Expansion
In 2014, significant changes were made. Following a resolution passed by shareholders at an Extraordinary General Meeting (EGM) on August 11, 2014, the company was renamed 'Manappuram Home Finance Private Limited.' This change in name reflected a strategic rebranding, aligning the company with the broader Manappuram brand. A fresh certificate of incorporation was issued on September 4, 2014, by the Registrar of Companies in Mumbai, cementing this new identity.
Transition to a Public Company
The company's growth trajectory continued as it transitioned from a private limited company to a public limited company. This shift was approved through a resolution passed by shareholders at an EGM on December 3, 2016. Consequently, the company's name was changed to 'Manappuram Home Finance Limited.' A new certificate of incorporation reflecting this conversion was issued on July 31, 2017, by the Registrar of Companies.
Regulatory Compliance and NHB Registration
To operate as a housing finance institution, the company required approval from the National Housing Bank (NHB). Originally, it obtained a certificate of registration on March 12, 2012, with registration number 03.0097.12, allowing it to conduct housing finance business without accepting public deposits, in accordance with Section 29A of the NHB Act. This certificate was issued under its former name, 'Milestone Home Finance Company Private Limited.'
Following the company's rebranding in 2014, a new certificate of registration was issued by NHB on September 11, 2014, with registration number 09.0116.14, acknowledging the name change to 'Manappuram Home Finance Private Limited.' This certificate maintained the company's status as a housing finance institution operating without accepting public deposits under Section 29A of the NHB Act.
Subsequently, after the company's conversion to a public limited company, a further certificate of registration was obtained from NHB on August 22, 2017, with registration number 08.0158.17. This certificate officially recognized the company's new name, 'Manappuram Home Finance Limited,' and its continued authorization to operate as a housing finance institution without accepting public deposits.
Conclusion
The transformation of Manappuram Home Finance from its early days as a private limited company to its current status as a public limited company reflects a journey of growth, rebranding, and adherence to regulatory requirements. Through these changes, the company has maintained its commitment to providing reliable housing finance solutions while complying with the necessary legal and regulatory frameworks.