Valapad, Thrissur, August 1, 2025: Leading Non-Banking Financial Company, Manappuram Finance Ltd., is pleased to announce the appointment of finance industry veteran Mr Deepak Reddy as its new Chief Executive Officer. He commenced his duties today.
A respected industry veteran, Mr Reddy is widely recognised for his exceptional leadership in building high-performing and empowered teams that deliver long-term, profitable businesses. He brings with him over three decades of extensive experience in leading diverse business verticals and managing human capital across prominent financial institutions.
Before joining Manappuram, Mr Reddy was associated with Bajaj Finserv Ltd. for over 17 years, where he played a pivotal role in the company’s transformational journey. He successfully launched and scaled several key businesses, including Business Loans, Personal Loans, Doctor Loans, Vendor Financing, and Solar Financing. In his most recent role, he led the Rural, Insurance, and Gold Loan businesses.
He also served as the Head of Human Resources at Bajaj Finance Ltd. and was instrumental in shaping the company’s HR strategy and practices. He was also the first Group Head of Human Resources at Bajaj Finserv Ltd., where he shaped its group-level HR philosophies and practices.
Prior to his tenure at Bajaj Finserv Ltd, he spent over nine years at American Express, where he headed the Personal and Small Business Loans business and held the role of Director – Platinum Credit Cards.
He began his career with MIRC Electronics Ltd. (ONIDA) and Standard Chartered Bank, gaining early experience in distribution and partner management across consumer products and financial services.
Commenting on the appointment, Mr V. P. Nandakumar, Managing Director and current CEO of Manappuram Finance Ltd., said, “We are happy to welcome Mr Deepak Reddy as our new CEO. His vast experience in financial markets and in developing high-performance teams will not only strengthen the company’s core business but also open new avenues for growth and excellence.”
As CEO of Manappuram Finance Ltd., Mr Reddy will be primarily responsible for steering the company and its subsidiaries through the next phase of growth and innovation, including strengthening the company’s core businesses of gold loans, vehicle finance, microfinance, MSME loans, housing finance, and digital lending, while enhancing organisational culture, leadership depth, governance, and customer-centricity.
He holds a Bachelor of Commerce degree and a PGDM from TAPMI, Manipal.
The company’s Board of Directors has expressed full confidence in Mr Reddy’s ability to lead Manappuram Finance into its next chapter of growth and excellence.