March 21, 2025 - 12:25
India Business News: MUMBAI: US investment firm Bain Capital has signed definitive agreements to acquire joint control in Kerala-based Manappuram Finance, which is recognized as India's second-largest gold loan company. The deal, valued at approximately Rs 4,400 crore, marks a significant investment in the Indian financial services sector.
This acquisition is expected to enhance Manappuram's growth trajectory, providing it with additional resources and expertise to expand its operations. Bain Capital’s involvement is anticipated to bring in strategic insights that could further strengthen Manappuram's position in the competitive market of gold financing.
Manappuram Finance has established itself as a trusted name in the industry, offering a range of financial products and services. The investment from Bain Capital is likely to accelerate its plans for innovation and expansion, ultimately benefiting its customers and stakeholders. As the financial landscape in India continues to evolve, this partnership is poised to play a pivotal role in shaping the future of Manappuram Finance.
