Manba Finance Partners with Sreesastha (Nammaloan) for Strategic Expansion into South India Market

Manba Finance Partners with Sreesastha (Nammaloan) for Strategic Expansion into South India Market​

Manba Finance Limited, an established vehicle-financing NBFC in India, has announced a significant move into the South Indian market. The company is partnering with Sreesastha (Nammaloan) to launch operations across Southern states, marking a major milestone in its national growth trajectory.

The collaboration will begin by focusing on Karnataka and Tamil Nadu within the current financial year, followed by a phased entry into other South Indian states. As part of this expansion effort, both parties have identified over 100 potential locations across these target regions for progressive activation based on operational readiness and market requirements.

Building on Expertise​

A defining characteristic of this partnership is the deep domain expertise brought to the venture. The business initiative is steered by a core team comprising four senior leaders who collectively hold more than 100 years of experience in automobile lending. This extensive experience spans the entire vehicle-finance value chain, including origination, credit management, collections, and ground distribution.

This concentration of knowledge aims to provide the South India business with an immediate advantage, including established local market understanding, strong relationships within the dealer ecosystem, and a disciplined credit culture from the start.

Products and Operational Focus​

The partnership will introduce Manba's full range of vehicle-finance products into the new region. The initial product rollout includes:

• New two-wheeler loans
• Used two-wheeler loans
• Three-wheeler loans
• Used car loans

The company emphasizes that this phased approach—starting with Karnataka and Tamil Nadu and a focused set of offerings—is intended to build the business on sound operational readiness and underwriting quality rather than prioritizing speed alone.

Underpinning these offerings is Manba’s renowned customer experience commitment. The lending platform is designed for maximum efficiency, capable of delivering in-principle approvals in as little as one minute. Customers benefit from a fully digital and paperless journey, stretching from the initial application through documentation and final disbursal.

Leadership Perspective on Disciplined Growth​

Manish Shah, Managing Director of Manba Finance Limited, stated that "South India is one of the most dynamic vehicle markets in the country, and entering it the right way matters more to us than entering it quickly." He added that partnering with Sreesastha (Nammaloan) provided access to decades of experience, which complements Manba’s products, technology, and balance sheet.

Monil Shah, Chief Business Officer & Executive Director at Manba Finance Limited, affirmed the company's commitment to disciplined growth. "We are starting in Karnataka with the products we know best," he said, noting that expansion will be handled state by state as the business earns the requisite stability. His focus is on developing a "durable, well-underwritten book in the South" rather than achieving rapid volume increases.

V Gopalakrishnan, Director at Sreesastha Ins-Corp Advisory Private Ltd (Nammaloan), expressed enthusiasm for the association, noting that the partnership aligns with their vision of bridging the gap between quality financial products and underserved customers in South India. He noted that the team's experience in tech enabled retail finance distribution will accelerate high-quality disbursements while maintaining high standards of compliance and service.

Company Profiles​

Manba Finance Limited
Established in 1996, Manba operates across six states with a network covering over 130 locations and serving more than 1,500 dealer points. The company employs over 1,800 individuals. As of March 31, 2026, Manba’s Assets Under Management (AUM) stood at over ₹1,700 crore, and the organization has served more than 1 million customers.

The portfolio offered by Manba Finance Limited includes:

Sreesastha (Nammaloan)
The company is guided by senior leadership with decades of experience in the finance and BFSI space. The team specializes in connecting individuals, small businesses, professionals, and self-employed people with tailored loan solutions. Their offerings range from personal loans and home loans to business loans, car financing, and commercial vehicle financing.

MANBA Stock Price Movement​

Shares of Manba Finance Limited are edging higher to ₹123.97 as of 9:55 AM, reflecting a 0.9% gain this morning. The stock maintains significant intraday momentum, with trading currently ranging between the low of ₹120.99 and a high of ₹125.57.