Manba Finance Limited, originally incorporated as a private entity in 1996, transformed into a public limited company in 2005. Operating as a Non-Banking Financial Company (NBFC) since 1998, it specializes in vehicle financing, including new and electric two-wheelers (2Ws) and three-wheelers (3Ws), as well as personal loans. The company has developed a robust network with over 1,100 dealers, including 190 EV dealers, and secures funding through diverse sources like banks and financial institutions.
The company has strategically expanded its operations across India, with significant growth in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh. In 2023, it launched Small Business Loans, Used Car Loans, and Personal Loans, further diversifying its offerings. Manba Finance also entered Uttar Pradesh in 2024 with a branch in Lucknow. In September 2024, it raised Rs 150.84 Crore through an IPO, issuing 1,25,70,000 fresh equity shares, indicating its growth trajectory and focus on expanding its financial reach.
