Manba Finance Expands into South India Through Sreesastha Partnership; Shares Rise 2.45%

Mumbai, June 16: Manba Finance announced a strategic partnership with Sreesastha (Nammaloan) as the vehicle-finance focused NBFC looks to strengthen its presence across Southern India and accelerate its next phase of geographic expansion.

The company said the collaboration marks its formal entry into South India, beginning with Karnataka and Tamil Nadu during the current financial year. Expansion into additional states is planned in phases thereafter.

Rather than pursuing an aggressive rollout, Manba appears to be taking a measured approach. The partnership combines Manba’s lending platform and product suite with Sreesastha’s local market expertise, distribution network and decades of experience in financial services.

Management believes the arrangement provides a strong foundation to build a scalable franchise in a region that remains one of India’s most competitive and rapidly growing retail credit markets.

According to the company, the partners have already identified more than 100 potential locations across Southern India, offering a sizeable runway for future expansion.

Stock Market Snapshot

The market reacted positively to the announcement.

Manba Finance share price climbed to ₹125.87, up 2.45%, as of 11:29 IST on June 16, 2026.

The gain suggests investors viewed the partnership as a meaningful strategic development rather than a routine business update. For NBFCs, distribution remains a critical growth driver, and successful expansion into underpenetrated geographies can significantly improve loan sourcing and customer acquisition.

The Manba Finance share price has generally been supported by expectations that the company can leverage its established vehicle-finance business model into newer markets without taking on excessive execution risk.

Expansion To Focus On Core Lending Strengths

The initial rollout will centre around products where Manba already has operational experience and underwriting expertise.

The company plans to offer two-wheeler loans, used two-wheeler loans, three-wheeler loans and used car loans during the first phase of expansion.

Management indicated that the strategy is designed around disciplined growth rather than scale at any cost. By starting with familiar products and gradually broadening its presence, the company aims to maintain credit quality while building local market relationships.

A key advantage highlighted by Manba is its digital lending platform, which enables loan processing from application to disbursement in as little as one minute. The company believes a fast and paperless customer journey can help differentiate it in highly competitive regional markets.

The partnership also brings together leadership teams with extensive experience in vehicle financing, credit underwriting, collections and retail distribution, providing operational support as the expansion progresses.

Company Background

Manba Finance is a Mumbai-based non-banking financial company focused primarily on vehicle and retail financing.

Established in 1996, the company has built a presence across multiple states through a network of branches and dealer relationships. Its lending portfolio includes two-wheeler loans, three-wheeler loans, used car financing, small business loans, personal loans and micro LAP products.

As of March 31, 2026, the company reported assets under management exceeding ₹1,700 crore and had served more than one million customers since inception.

Conclusion

The partnership with Sreesastha represents more than a simple distribution arrangement. It provides Manba Finance with a local foothold in a region that offers substantial long-term lending opportunities.

While the financial impact will depend on execution and customer acquisition over the coming quarters, investors appeared encouraged by the company’s expansion roadmap, pushing the stock higher during Tuesday’s session.

Source:

• https://www.nseindia.com/get-quote/equity/MANBA/Manba-Finance-Limited
• https://nsearchives.nseindia.com/corporate/MANBA_16062026094736_PR_16062026sd.pdf