Manba Finance: Revolutionising Two-Wheeler Loans with Technology and Trust

Manba Finance: Two-Wheeler Loan Provider

Manba Finance Limited (MFL) is an RBI-registered NBFC based in Mumbai, specialising in two-wheeler financing since 1996. The company mainly operates in Mumbai and nearby areas but has expanded to Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh, with services in 64 locations. Led by its Promoter and Managing Director, Manish Shah, MFL has partnered with over 850 dealers to offer easy and reliable loan solutions to its customers.

MFL uses advanced technology to provide fast, paperless, and hassle-free financial services. The company is known for its transparency and commitment to customer satisfaction. With a strong focus on ethical business practices, Manba Finance aims to help people across India achieve their dreams by offering quick access to finance while building long-term, trustful relationships.

Board Of Directors Of Manba Finance

• Manish Shah - Managing Director 
• Nikita Shah - Whole-Time Director 
• Monil Shah - Whole-Time Director 
• Jay Mota - Whole-Time Director & Chief Financial officer 
• Neelam Tater - Independent Director 
• Anshu Shrivastava - Independent Director & Chairman 
• Abhinav Sharma - Independent Director

Products Offered By Manba Finance

Manba Finance offers a variety of loan products to meet different financial needs:

1. Two-Wheeler Loans: Specialising in financing for new two-wheelers, Manba Finance provides up to 100% funding with competitive interest rates and flexible repayment terms ranging from 6 to 48 months. The loan approval process is quick, often within a minute, ensuring a smooth and hassle-free experience for customers.
2. Personal Loans: Designed to help individuals meet personal financial goals, these unsecured loans range from INR 20,000 to INR 15 lakhs, with repayment periods between 12 to 60 months. The application process is streamlined and paperless, offering instant approval and quick disbursal to cater to needs such as weddings, education, or unexpected expenses.
3. Manba Vyapar Loans (Small Business Loans): Aimed at small businesses like kirana stores, medical shops, and manufacturing units, these collateral-free loans range from INR 75,000 to INR 10 lakhs, with a maximum tenure of 48 months. The digital application process ensures loan disbursal within four days, providing timely support for business growth and operational needs.
4. Used Car Loans: For customers looking to purchase pre-owned vehicles, Manba Finance offers loans with flexible options tailored to individual needs. The eligibility criteria are straightforward, ensuring an easy and smooth process to help customers drive their dream pre-owned cars.

Source: Manba Finance¹

By offering these diverse loan products, Manba Finance aims to provide accessible and efficient financial solutions to a wide range of customers, supporting both personal aspirations and business ventures.

Technology And Innovation At Manba Finance

Manba Finance has established itself as a leader in the financial services sector by integrating innovation and technology into its operations. The company has adopted an integrated approach to lending, with technology infrastructure and related back-end support functions similar to that of a retail bank. This strategy has enabled Manba Finance to manage increasing business volumes and optimise overall efficiencies.

One of the company's key technological advancements is its rapid loan approval process. Manba Finance boasts one of the fastest turnaround times in the industry, with over 60% of loans sanctioned in just one minute and 92% within a single day. This efficiency is achieved through a seamless digital journey that minimises paperwork and streamlines the approval process.

Source: Manba Finance¹

Key Strengths Of Manba Finance

1. 97% Secured Loan Book: Manba Finance’s main strength comes from its 97% secured loans, mostly for 2-wheelers. This shows the company’s strong approach to managing risks and its stability in a high-demand market. The small share of unsecured MSME loans helps maintain regulatory compliance and offers some diversity. Also, borrowers tend to repay on time because they don’t want to lose their vehicle.
2. High AUM per Branch: The company's Assets Under Management (AUM) per branch is among the best in the industry, standing at INR 26.4 Cr for FY’23. This is only slightly behind MAS Financial (Rated A+), which has an AUM per branch of INR 54.3 Cr.
3. Extensive 2W Financing Experience: With 27 years of experience in financing 2-wheelers, Manba Finance has built up a lot of expertise. It works with more than 850 dealers, including over 250 authorised ones, which strengthens its position in the market.
4. Decade-Long Profitability Track Record: The company has consistently made profits over the past 10 years. Its Profit After Tax (PAT) grew 12 times, from INR 2.6 Cr in FY’14 to INR 31.2 Cr in FY’24. This growth comes from increased loan disbursements and better control over operational costs.

Source: Audited financial statements of FY’24 and credit rating reports of Manba Finance Limited and management information².

Financial Snapshot Of Manba Finance Limited

Source: Manba Finance Annual Report FY’24³

To arrange the capital, Manba also offers corporate bonds. These bonds from the company are secured and are rated by the credit rating agencies. On Grip Invest, investors invested in BBB+ rated bonds of the company that offered fixed returns of up to 13%. To invest in similar, rated, regulated and secured corporate bonds sign-up on Grip Invest today and start earning fixed returns:

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References:

1. Manba Finance, accessed from: https://www.manbafinance.com/
2. Manba Finance Annual Report, accessed from: https://www.manbafinance.com/wp-content/uploads/2024/12/MFL-Annual-Report-2023-2024.pdf
3. CRISIL Ratings, accessed from: https://tinyurl.com/CRISILRating

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