Speech of the Manappuram's Chairman

This resource contains information about the Manappuram Company as well as Executive Chairman Manappuram's Speech..

Shri V.P. Nadakumar , who is the executive chairman of the Manappuram General Finance and Leasing Limited. He delivered the speech for their Shareholders on the July 20,2010 at Valapad, Thrissur.

Speech Of Executive Chairman and Details of Company

Shri V.P.Nandakumar said that, He pleasure to welcome all who came to eighteenth Annual General Meeting of their company. During these years, Company has recorded phenomenal growth in income and profits. He said to thanks for the contributions from all their stock holders.

Economic Outlook of Manappuram Ltd

Recovery and revival was marked in the 2009-10. The global economy with significant improvement. Company's turnaround was much quicker than company was expected. Company aided by their relatively stable domestic demand. In India, the Company's economy has exceeded. Expectations of the Company record as impressive 7.4 percent GDP growth rate. Company's last quarter performance is strong.

The NBFC Sector of the Manappuram

Company's nine percent of the total assets of the total assets of the India's financial system consitutes in the NBFC sector.The company sector continued to face stresses on account of asset quality. The sector showed signs of a healthy turnaround in the second half the year. Now company's development is healthy.

Performance of Company

Shri V.P.Nadakumar said,'' I mentioned erlier that the past year has been one of the extraordinary success for us(Manappuram Ltd.). Net profit of company is Rs. 1,197.21 millon during the financial year as against Rs.302.9 million year before. Growth this company is 295 percent. Now the gross income the company is rise to Rs. 4,782.01million from Rs. 1661.11 milloin. Fee based income in increase from 20.44 million to 24.67 million increasing the payout therefore Board of Directors has gives 25 percent dividend to shareholders on the equity capital enhanced by issue of 1:1 bonus share in the April 2010.


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