- Business
- Manba Finance Ltd (MANBA.NS), an RBI-registered non-systematically important non-deposit taking non-banking financial company headquartered in Mumbai, Maharashtra, India, specializes in providing retail vehicle financing and other loan products primarily to individual customers in semi-urban and rural markets across India. Incorporated on May 31, 1996, the company offers a diverse portfolio of loans including new two-wheeler loans, electric vehicle two-wheeler loans, second-hand bike loans, new three-wheeler loans, electric vehicle three-wheeler loans, pre-owned car loans, small business loans, and personal loans; it operates through an integrated technology-driven lending platform akin to retail banks, supporting operations in six states—Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh, and Chhattisgarh—with 75 locations, over 1,100 dealers, and a workforce exceeding 1,300 employees. Recent developments include strategic alliances formed in March 2025 with BGauss Auto to expand electric vehicle financing through dealer networks, Fin Coopers Capital for enhanced funding access and competitive vehicle loan rates, and ProsParity to broaden presence in Madhya Pradesh; additionally, in September 2025, the board approved the issuance of up to INR 200 crore in debt securities via private placement to bolster capital for growth, alongside a successful IPO listing in September 2024 that saw shares rise 27% on debut.