Latest news with #DeepakReddy
Time of India
01-08-2025
- Business
- Time of India
Deepak Reddy takes charge as new CEO of Manappuram Finance Ltd.
As announced on May 9 2025, Manappuram Finance has appointed Deepak Reddy as Chief Executive Officer of the company with effect from Friday, i.e. August 1, 2025. V P Nandakumar , former Managing Director and CEO of Manappuram, now holds the position of MD in the company w.e.f. July 31, 2025. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Public Policy MBA healthcare Artificial Intelligence Data Science Leadership CXO Data Analytics Product Management Digital Marketing Project Management Degree Design Thinking PGDM Management Others Cybersecurity Healthcare Finance others Data Science Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details Reddy is said to report to former CEO Nandakumar, the company said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Reddy has more than 30 years of experience across the finance sector. "His leadership philosophy centres on empowering teams to envision, enable and execute, ensuring the organization remains future ready with next generation leaders," the company stated. He has previously worked in Bajaj FinServ Ltd for 17 years, American Express Bank Ltd for 9 years, Standard Chartered Bank for 1.5 years and JVC Onida (at MIRC Electronics Ltd) for 4.5 years. Live Events On BSE, shares of Manappuram Finance Limited were trading at Rs 250.70 per unit as on 10:24 AM on Friday.
Business Upturn
01-08-2025
- Business
- Business Upturn
Manappuram Finance appoints Deepak Reddy as CEO, Nandakumar continues as MD
By News Desk Published on August 1, 2025, 09:18 IST Manappuram Finance Limited has announced that Mr. Deepak Reddy has formally taken charge as the Chief Executive Officer (CEO) of the company, effective August 1, 2025. The appointment was earlier communicated to stock exchanges on May 9, 2025. Following this transition, Mr. V. P. Nandakumar, who previously held the dual role of Managing Director & CEO, will continue as Managing Director, with the CEO now reporting directly to him. The change in Mr. Nandakumar's designation became effective at the close of business on July 31, 2025. This leadership update has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also updated this information on its official website, Mr. Deepak Reddy now takes the helm at one of India's prominent non-banking financial companies (NBFCs), known for its extensive portfolio in gold loans, microfinance, vehicle finance, and housing finance. Disclaimer: This article is based on official exchange filings made by Manappuram Finance Limited. This does not constitute a recommendation to buy or sell any stock. Please consult a registered financial advisor before making any investment decisions. Ahmedabad Plane Crash News desk at
New Indian Express
24-06-2025
- Business
- New Indian Express
AP government aims for 20 lakh jobs in five years through MSME, youth training drive
VIJAYAWADA: The Andhra Pradesh coalition government is ramping up efforts to generate large-scale employment through integrated skill development initiatives targeting unemployed youngsters. In a press conference at the State Secretariat, 20-Point Program Chairman Lanka Dinakar, MSME Chairman Shiva Shankar, and CEDAP Chairman Deepak Reddy outlined a comprehensive plan to link training with job creation across key sectors. Dinakar stated that the government had attracted `9.3 lakh crore in investments within its first year, aiming to create 20 lakh jobs over the next five years. He stressed the promotion of MSMEs and small industries under the new mantra of 'Speed of Business,' replacing the older 'Ease of Doing Business.' Improved inter-departmental coordination will address legacy communication issues. With over 8 lakh MSMEs in the state contributing nearly 30% to India's GDP, their revival is central to the Swarnandhra 2047 vision. Shiva Shankar proposed the establishment of MSME parks and called for appointing an Additional Commissioner to restructure the sector. Deepak Reddy announced plans to train 60,000 youth this year and expand training centres from 103 to up to 250 next year. Central schemes like PM Vishwakarma will also be aligned to support entrepreneurship, especially in backward districts.
Hans India
24-06-2025
- Business
- Hans India
MSMEs set to play key role in job creation
Vijayawada: Micro, small, and medium enterprises (MSMEs) are pivotal for employment generation in Andhra Pradesh, with various government departments coordinating efforts to impart skills and create job opportunities across the state, said State 20-Point Programme chairman Lanka Dinakar. He, along with Society for Employment Generation and Enterprise Development in Andhra Pradesh (SEEDAP) chairman Deepak Reddy and AP MSME Development Corporation T Siva Shankar. Dinakar said that the coalition government has attracted investments worth Rs 9.3 lakh crore in its first year. He added that the state government aims to provide job opportunities to 20 lakh unemployed youth over the next five years. He emphasised that the government is shifting from an 'Ease of Doing Business' model to a 'Speed of Business' approach, ensuring quicker implementation and better synergy across departments to create jobs. A review meeting was held at the Secretariat with chairpersons and officials from MSME, SEEDAP, and the planning department. The discussion focused on strategies to generate employment through skill training, particularly in underdeveloped districts. Dinakar also stated that MSMEs play a vital role in achieving 'Viksit AP' (developed Andhra Pradesh) and 'Viksit Bharat' (developed India). He announced that a proposal would be submitted to the Chief Minister to restructure and further strengthen MSMEs. MSME Development CAorporation chairman Siva Shankar elaborated on comprehensive measures being taken to establish MSME parks across Andhra Pradesh. He stressed the need to restructure the MSME department for better policy implementation and to appoint an additional commissioner to oversee these initiatives. Sankar also highlighted the crucial role of MSMEs in transforming backward districts like Alluri Sitarama Raju and Parvathipuram Manyam by providing skill-based employment to local youth. CEEDAP chairman Deepak Reddy outlined his organisation's efforts to provide industry-aligned training and facilitate buyback financing for trained candidates. As part of the 'Swarnandhra 2047 Vision,' CEEDAP aims to empower youth with skills and create extensive employment avenues. Reddy announced plans to establish business and entrepreneurial units in rural areas, allowing local youth to find employment within their communities. He stated that 40 such business units have already been identified, with a target to scale this up to 300 in the next six months. Additionally, efforts are underway to introduce 10 more central government schemes in the state. He further informed that CEEDAP currently trains 16,000 unemployed youth every three months and has set a goal to train more than 60,000 candidates this year. Currently, 103 training centres are operating under CEEDAP, with plans to add 200–250 new centres in various colleges by next year.
Business Standard
12-05-2025
- Business
- Business Standard
Manappuram Finance rises on appointing Deepak Reddy as CEO
Manappuram Finance rose 1.14% to Rs 231.30 after the company announced that its board of directors has approved the appointment of Deepak Reddy as the chief executive officer (CEO) of the company, effective from 1 August 2025. Reddy brings over 30 years of experience in the financial services industry. He has held leadership positions at leading institutions including Bajaj FinServ, where he served for 17 years, American Express Bank (approximately 9 years), Standard Chartered Bank (1.5 years) and MIRC Electronics (JVC Onida) for about 4.5 years. An alumnus of a program, Reddy also holds a Post Graduate Diploma in Management (PGDM). The company clarified that Reddy is not related to any of the directors on the board and is not debarred from holding any directorial position by SEBI or any other regulatory authority. Following this appointment, the designation of Nandakumar V.P. will change from Managing Director & CEO to Managing Director, effective 31 July 2025. He will continue in his role as the managing director, and the newly appointed CEO will report directly to him. Founded in 1949, Manappuram Finance is a leading non-banking financial institution and the 2nd largest financier in the gold loan segment in India. It has grown to serve over 6.59 million customers through an extensive network of 5,357 branches and a workforce of 50,795 employees. It has expanded beyond gold loans into microfinance, vehicle finance, housing finance and SME lending, establishing itself as a diversified financial services provider. On a consolidated basis, the company reported a net loss of Rs 191.17 crore in Q4 FY25 as against net profit of Rs 561.53 crore in Q4 FY24. Total income for the quarter remained largely unchanged at Rs 2,363.25 crore, marginally up from Rs 2,362.22 crore reported in Q4 FY24.
