V. P. Nandakumar To Replace Dr. Shailesh Jayantilal Mehta As Chairman Of Manappuram Finance

V. P. Nandakumar, currently Managing Director (MD), has been appointed as the Chairman of the Board of Manappuram Finance Limited, effective August 28, 2025. He will replace the current Chairman, Dr. Shailesh Jayantilal Mehta, who will retire effective August 27, 2025.

Nandakumar took charge at Mannapuram in 1986 after the passing of his father, founder V.C. Padmanabhan, and expanded the single-branch operation into a diversified Non-Banking Financial Company (NBFC). He established the Manappuram Foundation in 2009 for Corporate Social Responsibility (CSR) initiatives in education, healthcare, and community welfare. He has served as the International Director of Lions Clubs International and held roles in multiple industry bodies. Nandakumar holds a postgraduate degree in science with qualifications in banking and foreign trade.

Dr. Mehta has over 45 years of experience and has held distinguished leadership roles, including President of Granite Hill Capital Ventures; Chairman and Chief Executive Officer (CEO) of Providian Financial Corporation; Operating General Partner at West Bridge Capital; President and Chief Operating Officer (COO) of Capital Holding Insurance Group; and Executive Vice President at Key Corp. He has served on the U.S. Board of MasterCard International, the Board of PayPal Inc., as Chairman of First Source Solutions, and as Trustee of the California State University System. Dr. Mehta is also the Founder of the Shailesh J. Mehta School of Management at IIT Bombay.

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