About Company

      M/S Manappuram Chits are a professionally managed organization with a strong management team working under the guidance of promoters with a proven track in the financial service sector. The firm has succeeded in earning the trust of her customers with a unique service-oriented approach. Today, it has acquired a well deserved reputation as one of the leading chit promoters in Kerala, Tamil Nadu and Karnataka. Manappuram Chits also has a proud track record of devising customer friendly Chit FundSchemes that cater to your credit needs at a minimum cost by the proper management over the chit operations

  • Established on 21stJuly 2000
  • Manappuram Chits (India) Limited (MACIL)with registered office at No 74, Ground Floor, Ward No 52,N G Narayanaswamy Street, New Sidhapudur,Coimbatore, Tamilnadu -641044 established for carrying out chit business in Tamilnadu. MACIL complies with the provision of Central Chit Fund Act 1982 and Tamilnadu Chit Fund Rules 1984.
  • Manappuram Chit Funds Company Private Limited  (MACFUND)with registered office at Manappuram House, Ashwani Jn, TUDA Road, Trichur – 680022 formed for conducting chit business in Kerala. MACFUND complies with the provisions of the Central Chit Fund Act 1982 and Kerala Chit Fund Rules.
  • Manappuram Chits (Karnataka) Private Ltd (MACKAL)complies with the provisions of Central Chit Fund Act 1982 and Chit Fund (Karnataka) Rules 1983, formed with the registered office at No. 9, First Floor, 100 Feet Road, Hoskerehalli, 5th Block Banashankari, Bangalore 560085.


The Manappuram Group has in recent years emerged as one of the most prominent business house in entities in its fold with diverse interests in Gold Loans, Asset Financing, Insurance, Home Loan, Healthcare, Construction, Chits, Travels, Gold Jewellery, Consultancy, Nidhi etc. Its flagship, Manappuram Finance Ltd. (MAFIL), is India’s first listed gold loan company enjoying high credit rating with more than 3300 branches across India.


Manappuram Chits is promoted by Mr.V.P.Nandakumar. The other companies / entities owned or controlled by Mr.V.P.Nandakumar are given below:-


  • Manappuram Finance Limited
  • Manappuram Comptech and Consultants Limited
  • Manappuram Jewellers Limited
  • Manappuram Health Care Limited
  • Manappuram Constructions and Properties  Ltd
  • Manappuram Agro Farms  Limited
  • Manappuram Insurance Brokers  Pvt Limited
  • Manappuram Asset Finance Limited
  • MABEN Nidhi Limited
  • Manappuram Home Finance Private Limited


  • Manappuram Foundation
  • MAFIN Enterprises
  • Manappuram Travels
  • MAGRO farms