Comments
Manappuram General Finance and Leasing (Magfil) has opened its new regional office for south Kerala here on Friday.
Mr Shripal, Managing Director, Kerala Health Research and Welfare Society, inaugurated the office in the presence of Mr V.P. Nandakumar, Chairman of the Manappuram Group of companies.
SOUTHERN DISTRICTS
The new office is located at S. S. Plaza, Pazhaya Road, near Medical College. Among those who attended the inaugural function were Mr T. Rufus Daniel, Vice-President of the Thiruvananthapuram District Panchayat, and Mr N. Vijayagopalan, Deputy General Manager, south Kerala region, Magfil.
The regional office will have a jurisdiction of over 130 branches in the districts of Thiruvananthapuram, Kollam, Pathanamthitta, Kottayam, Alappuzha and Idukki.
The company has nearly 2,000 branches spread across 19 States in the country, including 434 branches in Kerala, Mr Vijayagopalan said.
FINANCIAL ASSISTANCE
During the inaugural function, the Manappuram Foundation disbursed financial assistance to various charitable organisations and individuals serving the cause of poor cancer patients.
Under the auspices of the Manappuram Foundation, the group provides free health insurance to over one lakh people falling n the BPL category in the Nattika area of Thrissur district, its home base.
In less than a year, the scheme has benefited nearly 2,000 poor families in free medical treatment worth over Rs 2 crore.
SELF EMPLOYMENT
More recently, the foundation has launched the Manappuram Sarojini Padmanabhan Women Empowerment and Food Security Programme to provide livelihood to disadvantaged women in coastal Thrissur by opening up opportunities for self-employment in areas such as cultivation of fruits, vegetables, poultry and dairy farming.
The foundation has also been active in Bangalore city and Tamil Nadu where it has focused on providing scholarships to poor students, donations to schools and orphanages and financial assistance to kidney, cancer and heart patients from poor families.
DIVERSIFIED GROUP
From humble beginnings more than 60 years ago as a single-branch outfit dealing in gold loans, the Manappuram Group has now become a leading business house with nine group companies.
It has diversified interests in gold loan, jewellery, healthcare, asset financing, chit funds, money transfer, foreign exchange, insurance and travel services, among others.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.