Manappuram ends family-led era as Bain brings in a professional MD

Manappuram Finance, a leading gold loan company in India, has ended its family-led era as Bain Capital, a global investment firm, has taken joint control of the company. This change marks a significant shift towards professional management, with a new Managing Director and CEO, Ashish Singh, set to take over in January 2027. The move is expected to bring in fresh expertise and potentially improve the company's performance, which has already shown a strong start with a jump in first-quarter profit.

Read the source report: Economic Times