Manba Finance has announced a strategic partnership with Sreesastha (Nammaloan) to strengthen its presence in South India, marking a significant step in the company’s national expansion strategy. The collaboration will commence in Karnataka, followed by Tamil Nadu during the current financial year, with plans for a phased rollout across other southern states.
As part of the expansion, the partnership has identified more than 100 potential locations across the region for progressive activation based on market readiness and operational priorities. The initiative will initially focus on Manba Finance’s core vehicle financing products, including new and used two-wheeler loans, three-wheeler loans and used car loans.
The collaboration is supported by a leadership team with more than 100 years of combined experience in automobile lending, spanning origination, credit, collections and distribution. The expertise is expected to provide strong local market understanding and established ecosystem relationships from the outset.
Manba Finance’s digital lending platform is designed to offer in-principle approvals in as little as one minute through a paperless process covering application, documentation and disbursal, helping deliver faster and more convenient financing experiences for customers and dealer partners.
Commenting on the expansion, Manish Shah, Managing Director, Manba Finance Limited, said, “South India is one of the most dynamic vehicle markets in the country, and entering it the right way matters more to us than entering it quickly. Partnering with Sreesastha (Nammaloan) gives us something money can’t buy on its own: a team that has financed vehicles in these markets for decades. That experience, combined with Manba’s products, balance sheet, and technology, is what gives us confidence in this expansion.”
Monil Shah, Chief Business Officer & Executive Director, Manba Finance Limited, added, “This is a big step for Manba, and we intend to do it with discipline. We are starting in Karnataka with the products we know best, and we will expand state by state as we earn the right to. Our focus is on building a durable, well-underwritten book in the South, not a quick one.”
V Gopalakrishnan, Director, Sreesastha Ins-Corp Advisory Private Limited (Nammaloan), said, “We are delighted to associate with Manba Finance, a leader known for its robust product suite and customer-first approach. This strategic tie-up aligns perfectly with our vision of bridging the gap between quality financial products and underserved customers in South India. Together, we aim to empower individuals and businesses with reliable credit solutions that drive growth and financial inclusion.”
Manba Finance currently operates across more than 130 locations in six states, serves over 1,500 dealer points and manages assets under management exceeding Rs 1,700 crore. The company offers a diversified portfolio that includes two-wheeler loans, three-wheeler loans, used car loans, small business loans, personal loans and micro loan-against-property products.
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