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Manba Finance Limited
Equity Listed on BSE & NSE
Manba Finance Ltd (MFL) specializes in Two-Wheeler Financing, Used Two-Wheeler Financing, and Used Car Financing. It has also expanded into Personal Loans and Inventory Funding for two-wheeler dealers.
Sector Focus
Finance (NBFC)
Highest Credit Rating
BBB+ Positive by CARE
Listing (Debt)
BSE
Date of NBFC License by RBI
1996
Business & Products
EV 2W Loans, 2W Loans, Pre owned car Loan, 3W Loan
Promoter
Mr. Manish K. Shah
Key Management Personnel
Mr. Manish Kiritkumar Shah
MD
Mr. N. R. Parameswaran
Chairperson & Independent Director
Mr. Monil Manish Shah
Whole Time Director and CBO
Mr. Jay Khushal Mota
Whole Time Director and CFO
Bonds issued by Manba Finance Limited
Financial Performance
| Particulars | H1 FY26 (₹ in cr) | FY25 (₹ in cr) | FY24 (₹ in cr) |
|---|---|---|---|
| AUM | 1500.8 | 1331.4 | 939.6 |
| NET WORTH | 388.83 | 368.89 | 200.6 |
| REVENUE | 146.58 | 250.44 | 191.63 |
| PAT | 21.14 | 37.8 | 31.17 |
| CRAR% | 26.54 | 30.09 | 19.71 |
| GNPA% | 3.78 | 3.70 | 3.98 |
| NNPA% | 2.90 | 2.83 | 3.21 |
| GEARING (times) | 3.76 | 2.91 | 3.75 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CARE Ratings | BBB+ | Positive | as on 26th September, 2025 |
Top Lenders to Manba Finance Limited
IDFC FIRST Bank
Jana Small Finance Bank
ICICI Bank
Capital Small Finance Bank
IndusInd Bank
Strength
Strong experience in two-wheeler financing
Improving scale of operations along with adequate profitability metrics
Adequate resource profile
Comfortable capitalisation levels
Weakness
Moderate asset quality metrics
Geographical and product segment concentration
News & Announcement
Important Links
Source:
Investor Presentation, Information Memorandum & Rating Rationale of Manba Finance Limited
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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