Manappuram Finance swaps family helm for Bain‑backed professional CEO as profit jumps four‑fold
Bain Capital’s joint control ends Manappuram’s family‑run era: VP Nandakumar becomes non‑executive chairman and veteran banker Ashish Singh takes over as MD/CEO in Jan 2027. The move follows a Q1 profit surge to ₹585 cr, a four‑fold rise, underscoring the lender’s growth momentum.