Who is VP Nandakumar?
V.P. Nandakumar is a renowned Indian entrepreneur and the CEO of Manappuram Finance, one of India’s leading non-banking financial companies (NBFCs). He’s best known for transforming a small pawn-broking business in Kerala into a financial powerhouse.
- Full Name: Velliyan Parameswaran Nandakumar
- Popular As: VP Nandakumar
- Profession: Businessman, CEO of Manappuram Finance
- Known For: Revolutionizing India’s gold loan industry
Table of Contents
Early Life and Education
VP Nandakumar was born into a traditional family in Thrissur, Kerala, India. His father, Late V.C. Padmanabhan, was also a respected businessman who founded Manappuram Chit Fund in 1949.
From an early age, Nandakumar was exposed to the principles of hard work, honesty, and customer trust, which would later become the foundation of his business empire.
He completed his Master’s in Science (M.Sc) and Postgraduate Diploma in Management (PGDM) before joining the family business.
VP Nandakumar Family Background
The Nandakumar family has always been rooted in ethics and tradition. His father’s vision and his own leadership have made the family name synonymous with trust in the Indian financial sector.
- Father: V.C. Padmanabhan (Founder of Manappuram Chit Fund)
- Mother: Housewife (name not publicly disclosed)
- Wife: Not widely known; prefers to stay out of the public eye
- Children: Has a son and a daughter
VP Nandakumar Age, Height & Weight
- Age (as of 2025): 69 years
- Date of Birth: 1956 (approximate)
- Birthplace: Thrissur, Kerala, India
- Height: 5 feet 7 inches (approx.)
- Weight: Around 70 kg
- Nationality: Indian
Career Journey of VP Nandakumar
VP Nandakumar began his professional journey by joining his father’s small chit fund business. Under his leadership, the company evolved from a local enterprise into a national brand.
He officially took charge in the 1980s and gradually transformed the company into Manappuram Finance Ltd., focusing on gold loans—a concept that became a game-changer in India’s financial services industry.
Milestones in His Career:
- 1992 – Established Manappuram Finance Limited as a public company.
- 2007 – Listed on the National Stock Exchange (NSE).
- 2010 – Launched digital gold loan services.
- 2020 – Expanded into housing and microfinance segments.
Rise of Manappuram Finance
From humble beginnings, Manappuram Finance grew into a giant with thousands of branches across India. The company offers services like gold loans, microfinance, vehicle loans, housing finance, and foreign exchange.
The reason for its success lies in Nandakumar’s innovative mindset. He introduced digitalization early on, making gold loans accessible through online platforms.
Achievements and Awards
VP Nandakumar has received numerous awards for his leadership and contributions to India’s finance industry:
- Business Excellence Award – Kerala Chamber of Commerce
- Ernst & Young Entrepreneur of the Year (Nominee)
- Businessman of the Year – Dhanam Magazine
- Recognized among Top 100 Influential Business Leaders in India
His leadership emphasizes ethical finance and financial inclusion for the underprivileged.
VP Nandakumar Net Worth 2025
As of 2025, VP Nandakumar’s estimated net worth is around $720 million (approx. ₹6,000 crores).
His wealth comes mainly from his ownership stake in Manappuram Finance Ltd., dividends, and other business ventures.
Breakdown of Income Sources:
| Source | Estimated Value |
|---|---|
| Manappuram Finance Shares | ₹5,500 crores |
| Investments | ₹200 crores |
| Real Estate & Assets | ₹300 crores |
VP Nandakumar Salary and Assets
According to company reports, his annual salary as CEO is estimated at ₹6–8 crores per year, excluding performance bonuses.
He owns multiple properties in Kerala and Mumbai and enjoys a luxurious yet balanced lifestyle.
VP Nandakumar Religion and Beliefs
VP Nandakumar follows Hinduism, a religion that deeply influences his ethics and lifestyle. He often attributes his success to discipline, honesty, and spiritual grounding.
VP Nandakumar Daughter and Family Details
While VP Nandakumar keeps his personal life private, it is known that he has one daughter and one son.
His daughter is well-educated and married, while his son is gradually getting involved in the family’s financial business.
FAQ Highlight:
Who is the daughter of Manappuram CEO?
VP Nandakumar’s daughter’s name isn’t publicly disclosed to maintain privacy.
Leadership Style and Business Philosophy
Nandakumar believes that “innovation with integrity” is the key to long-term success. He encourages:
- Ethical financial practices
- Customer-first policies
- Technological innovation
- Financial inclusion
He’s also known for empowering rural entrepreneurs and promoting transparency.
Challenges and Controversies
Every successful person faces challenges, and Nandakumar is no exception.
He dealt with regulatory hurdles in the NBFC sector and market fluctuations, yet his resilience helped Manappuram maintain steady growth.
Legacy and Future Vision
VP Nandakumar’s vision is to make Manappuram Finance a global leader in financial services. His company continues to expand into digital finance, fintech innovations, and international ventures.
Interesting Facts about VP Nandakumar
- Started with a small office in Valapad, Kerala.
- Known for promoting financial literacy.
- Big advocate of corporate social responsibility (CSR).
- Passionate about education, healthcare, and community welfare.
- Rarely seen in media but highly respected in the corporate world.
Frequently Asked Questions (FAQs)
1. Who is V.P. Nandakumar?
He’s the Managing Director and CEO of Manappuram Finance, one of India’s leading NBFCs.
2. What is VP Nandakumar’s net worth in 2025?
His estimated net worth is about ₹6,000 crores ($720 million).
3. Are VP Nandakumar and his family involved in the company?
Yes, his son is gradually taking part in business operations.
4. Who is the daughter of Manappuram CEO?
Her name hasn’t been revealed publicly due to privacy reasons.
5. What is the salary of the CEO of Manappuram Finance?
VP Nandakumar earns approximately ₹6–8 crores annually.
6. What religion does VP Nandakumar follow?
He follows Hinduism and values ethics and spirituality in business.
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