Edition:
India

Manappuram Finance Ltd (MNFL.NS)

MNFL.NS on National Stock Exchange of India

161.60INR
7 Aug 2020
Change (% chg)

Rs6.80 (+4.39%)
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Rs154.80
Open
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Rs155.65
Volume
16,332,608
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11,985,483
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Rs194.80
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Rs74.25

Summary

Name Age Since Current Position

Jagdish Capoor

81 2012 Independent Non-Executive Chairman of the Board

Vazhappully Nandakumar

66 2012 Chief Executive Officer, Managing Director, Executive Director

Bindhu L.

46 2019 Chief Financial Officer

Manoj V. R.

48 2019 Compliance Officer, Company Secretary

B. N. Raveendra Babu

2020 Executive Director

Harshan Kollara

2020 Additional Director

Gautam Narayan

2018 Non-Executive Director

Shailesh Mehta

71 2020 Additional Independent Director

Sutapa Banerjee

2019 Independent Non-Executive Director

P. Manomohanan

2003 Independent Non-Executive Director

V. Ramachandran

2002 Independent Non-Executive Director

Abhijit Sen

69 2020 Independent Non-Executive Director

Biographies

Name Description

Jagdish Capoor

Mr. Jagdish C. Capoor serves as Independent Non-Executive Chairman of the Board of the Company. He holds a Master’s degree in Commerce from the Agra University and a fellowship from the Indian Institute of Banking and Finance. He has over 40 years of experience in banking and finance. He is the former Deputy Governor of RBI, a former Chairman of HDFC Bank, Deposit Insurance and Credit Guarantee Corporation of India, Unit Trust of India and BSE, and also a Director on the Boards of several commercial banks. Currently, he is on the Boards of LIC Housing Finance, Nitesh Estates, HDFC Securities, Assets Care and Reconstruction Enterprise, LIC Pension Fund, LICHFL Trustee Company Private Limited and Banyan Tree Bank, Mauritius and is the Chairman of Quantum Trustee Company Private Limited.

Vazhappully Nandakumar

Shri. Vazhappully Padmanabhan Nandakumar serves as Chief Executive Officer, Managing Director, Executive Director of the Company. He is a post-graduate in Science with additional qualifications in Banking & Foreign Trade. Immediately after completing his education, he joined the erstwhile Nedungadi Bank. In 1986, he resigned from the Bank to take over the family business, following the demise of his father, V.C. Padmanabhan. In 1992, he promoted Manappuram Finance Ltd. and has been a Director of the Company since then. Mr. Nandakumar is a Managing Committee member of leading trade and industry associations such as Associated Chambers of Commerce (ASSOCHAM) and Federation of Indian Chambers of Commerce (FICCI). He is also a former Chairman of the Kerala State Council of the CII and a finalist at the EY Entrepreneur of the Year Awards 2017.

Bindhu L.

Ms. Bindhu A. L. serves as Chief Financial Officer of the Company. She holds a bachelors degree in commerce from the Calicut University and is also a certified Chartered Accountant from the Institute of Chartered Accountants of India. She has in the past worked with Mohandas and Associates. She has been working with the Company since June 15, 1998.

Manoj V. R.

B. N. Raveendra Babu

Mr. B. N. Raveendra Babu serves as Executive Director of the Company. He holds a Master’s degree in Commerce from the Calicut University and completed his internship from the Institute of Certified Management Accountants. Prior to joining the Manappuram Group, Mr. Babu occupied senior positions in Finance and Accounts in various organisations in the Middle East. He has been a Director of our Company since 1992. He was appointed Joint Managing Director in January 2010 and was made Executive Director in May 2012.

Harshan Kollara

Mr. Harshan Kollara serves as Additional Director of the Company. Experienced Financial Services professional, with over 40 years of experience in banking & Financial services in India and abroad. Has been with diverse institutions (Union Bank of India, ICICI bank (as EVP and Head of International banking), Union bank of California (as Vice president and Regional Head of South Asia Region) and Federal bank (as its Executive Director). Good project management experience in setting up institutions. Has been Non-Executive Director, Experian credit information co of India p ltd, has approved person status with UK regulator FCA. Extensive experience in foreign exchange, cross border trade Finance, payment business, consumer credit, Core banking application system implementation, and compliance including AML, CTF & financial crime prevention practices. Experience in global standards and best practices in Governance. Harshan is an alumnus of Mumbai University.

Gautam Narayan

Mr. Gautam Narayan serves as Non-Executive Director of the Company. He is a Chartered Accountant with a post-graduate Diploma in Management from IIM, Ahmedabad. Mr. Narayan is a Partner with Apax Partners and leads investments in financial services and business services in India. He is actively involved in the not-for-profit sector and contributes in a Board / Advisory capacity to Mann Deshi Foundation (focused on development of women entrepreneurs in rural Maharashtra) and Toolbox India Foundation (focused on capacity building services). He was recognised among the 40 under 40 business leaders by the Economic Times in 2017.

Shailesh Mehta

Dr. Shailesh J. Mehta Ph.D. serves as Additional Independent Director of the Company. He has completed his Bachelor of Technology in Mechanical Engineering from Indian Institute of Technology, Mumbai, and holds a masters degree in science in Operations Research from Case Western Reserve University. He holds a Doctor of Philosophy degree in Operation Research and Human Letters from the California State University and in Operation Research and Computer Science from Case Western Reserve University. He has over 38 years of work experience and has held the positions of President, Granite Hill Capital Ventures, Chairman and Chief Executive Officer, Providian Financial Corporation, operating general partner, West Bridge Capital, President and Chief Operating Officer, Capital Holding and Executive Vice President, Key Corp (formerly Ameritrust). He has also held the positions of Chairman and Chief Executive Officer, Providian Financial Corporation and President and Chief Operating Officer, Capital Holding. He has been a Director of the Company since August 17, 2009.

Sutapa Banerjee

Ms. Sutapa Banerjee serves as Independent Non-Executive Director of the Company. She is a gold medallist in Economics from the XLRI School of Management, and an Economics graduate from the Presidency College Kolkata. Miss. Banerjee has spent close to 24 years in the financial services industry in two large multinational banks, ANZ Grindlays and ABN AMRO, and a boutique Indian investment bank, Ambit where she built and headed several businesses. She was voted as one of the ‘Top 20 Global Rising Stars of Wealth Management’ by the Institutional Investor Group in 2007 - the only Indian and the second from Asia.

P. Manomohanan

Mr. P. Manomohanan serves as Independent Non-Executive Director of the Company. He holds a Bachelor’s degree in Commerce from the Kerala University and a Diploma in Industrial Finance from the Indian Institute of Bankers. He is also a Certified Associate of the Indian Institute of Bankers. He has over 38 years of experience in the RBI and in regulatory aspects of NBFCs. He retired as a General Manager of the RBI, Department of Banking Supervision, Trivandrum, and served on the Boards of South Indian Bank and Federal Bank.

V. Ramachandran

Advocate V. R. Ramachandran serves as Independent Non-Executive Director of the Company. He holds a Bachelor’s degree in Science from the Calicut University and a Bachelor’s degree in Law from the Kerala University. He has over 32 years of experience and is a civil lawyer enrolled with the Thrissur Bar Association.

Abhijit Sen

Mr. Abhijit Sen serves as Independent Non-Executive Director of the Company. Mr. Abhijit Sen retired from Citi India in February 2015 after serving as the Chief Financial Officer - India Subcontinent for over 18 years. On retirement from Citi, Mr. Sen is associated with E&Y from August 3, 2015, as a part-time Senior Advisor, to provide broad strategic support for their activities in the Banking and Financial Services Sector. He currently serves on several Boards including Kalyani Forge Ltd., Trent Ltd., Ujjivan MicroFinance Ltd., Ugro Capital Ltd., Veritas India Pvt. Ltd. & Cashpor Microcredit and chairs the Audit Committees of Kalyani Forge Ltd., Ugro Capital & Trent Ltd. in addition to chairing/ participating on several other Board Committees including Risk Committees. He advises Creditenable, a Fintech analytics entity and Trust Capital, a Wealth advisory boutique firm. He recently joined the Risk Committee of the National Stock Exchange. In the past, he has served on the Board of National Securities Depository Ltd. IDFC First Bank and has been an Advisor to General Atlantic.

Basic Compensation

Name Fiscal Year Total

Jagdish Capoor

4,700,000

Vazhappully Nandakumar

119,380,000

Bindhu L.

9,170,000

Manoj V. R.

3,030,000

B. N. Raveendra Babu

22,340,000

Harshan Kollara

390,000

Gautam Narayan

--

Shailesh Mehta

360,000

Sutapa Banerjee

3,050,000

P. Manomohanan

3,480,000

V. Ramachandran

2,930,000

Abhijit Sen

2,220,000
As Of  31 Mar 2020