Manappuram Finance Limited has announced a planned leadership transition. Mr. V.P. Nandakumar will continue his current dual role as Managing Director and Chairperson until September 30, 2026. Following this tenure, effective October 1, 2026, he will transition into the role of Non-Executive Chairperson. This strategic change marks a new phase in the company’s leadership structure as it continues its growth trajectory.
Planned Leadership Succession
The Board of Directors of Manappuram Finance Limited has formally approved a transition plan for the company’s top leadership. Mr. V.P. Nandakumar, who currently serves as the Managing Director and Chairperson, will maintain his current responsibilities and executive oversight until the end of September 2026. This extension ensures continuity in management and strategic operations throughout the interim period.
Strategic Shift to Non-Executive Role
Effective October 1, 2026, Mr. Nandakumar will move away from his executive responsibilities and be re-designated as the Non-Executive Chairperson of the Board. This transition represents a significant change in the company’s governance structure, separating executive management from board-level oversight. The company has confirmed that all necessary procedural updates have been addressed to ensure a seamless shift in leadership responsibilities at the start of the second half of the calendar year.
Source: BSE
