Thrissur based Manappuram Group is entering Jewellery retail business in a big way with its Trade mark “Manappuram Gold”. The flagship Company of the Group, Manappuram General Finance & Leasing Limited (MAGFIL) is India’s largest listed, highest credit rated and highest capitalised Gold Loan Company with more than 1000 branches all over India.
A Company named “Manappuram Jewellery (P) Ltd” has been incorporated for this new venture. An investment of Rs.1000 crores is planned over the next five years to open 50 Jewellery outlets in South India. The vision is to make “Manappuram Gold” a standalone brand that has unique collections and designer made choice, said by the top company official.