Manba Finance Charts Ambitious Course with Southern India Expansion
Mumbai, June 16, 2026 – Manba Finance Limited, a prominent vehicle-financing NBFC, today announced a significant strategic move, marking its entry into the vibrant South Indian market. This expansion, executed through a strategic partnership with Sreesastha (Nammaloan), signals a new chapter in Manba’s national growth trajectory.
The phased rollout will kick off in Karnataka, swiftly followed by Tamil Nadu within the current financial year. The ambitious plan includes identifying over 100 potential locations across these regions for progressive activation, with future expansions into other South Indian states firmly on the horizon.
What truly sets this venture apart is the formidable leadership behind it. The core team boasts over 100 years of combined automobile-lending experience, encompassing everything from origination and credit to collections and on-ground distribution. This wealth of domain knowledge is expected to provide Manba’s South India operations with an unparalleled advantage, ensuring deep local market understanding and a disciplined credit culture from day one.
Manba will introduce its comprehensive suite of vehicle-finance products, starting with its core strengths:
- New two-wheeler loans
- Used two-wheeler loans
- Three-wheeler loans
- Used car loans
Underpinning this offering is Manba’s renowned customer experience, featuring in-principle approvals in as little as one minute and a fully digital, paperless journey. This focus on speed and simplicity is poised to be a key differentiator in a competitive market.
Manish Shah, Managing Director of Manba Finance, emphasized the strategic rationale: “Entering it the right way matters more to us than entering it quickly. This partnership gives us something money can’t buy — a team that has financed vehicles in these markets for decades.” Monil Shah, Chief Business Officer & Executive Director, echoed this sentiment, stressing a commitment to building a “durable, well-underwritten book in the South — not a quick one.” This disciplined approach underscores Manba’s long-term vision for sustainable growth in a critical new market.