- Business
- Manipal Finance Corporation Ltd. (MNPLFIN.BO) operates with minimal business activity, focusing primarily on the recovery and repayment of its outstanding dues and debts. Incorporated in 1984 and headquartered in Manipal, Udupi District, Karnataka, India, the company previously functioned as a non-banking financial company (NBFC) registered with the Reserve Bank of India, offering hire purchase financing and lease financing services to the general public, including financing for industrial and commercial goods, vehicles, general finance, agency guarantees, and indemnity. It maintains a small market capitalization of approximately ₹8 crore with low promoter holding at 34.3% and reports limited revenue alongside a recent one-time profit boost to ₹7.24 crore in fiscal 2025 from debt recovery efforts. The company's NBFC license was canceled by the RBI, restricting operations to legacy asset recovery without active lending or new financial products; it conducts no significant geographic expansion beyond India and has no reported subsidiaries or parent affiliations. Recent developments include compliance filings such as the SEBI Regulation 74(5) certificate for the quarter ended September 30, 2025, and the successful 42nd annual general meeting on September 26, 2025, approving audited financials, director reappointments, and secretarial auditor appointment, alongside a 61% stock price rise over the past year amid low interest coverage.