Mumbai: Manba Finance Limited, one of India’s established vehicle-financing NBFCs, today announced its entry into the South Indian market through a strategic partnership with Sreesastha (Nammaloan). The partnership marks a significant milestone in Manba’s national growth journey and lays the foundation for a phased expansion across all South Indian states in the period ahead.
The collaboration will begin in Karnataka, followed by Tamil Nadu within the current financial year, with a phased entry into other South Indian states planned thereafter. As part of this effort, the partnership has identified over 100 potential locations across these regions, which it intends to activate progressively in the coming periods in line with market readiness and operational priorities.
A market built on experience
What distinguishes this partnership is the depth of expertise behind it. The venture is led by a core team of four senior leaders who together bring more than 100 years of combined experience in automobile lending — spanning origination, credit, collections, and on-ground distribution across the vehicle-finance value chain.
This concentration of domain knowledge is intended to give the South India business a running start: local market understanding, established dealer and ecosystem relationships, and a disciplined credit culture from day one.
Full product suite, phased rollout
The partnership will offer Manba’s range of vehicle-finance products in the region, with a sequenced launch beginning with the company’s core strengths:
- New two-wheeler loans
- Used two-wheeler loans
- Three-wheeler loans
- Used car loansThe phased approach — starting with Karnataka and Tamil Nadu and a focused product set, then widening both geography and offering over time — is intended to build the business on a foundation of sound underwriting and operational readiness rather than speed alone.
