Manipal Finance Corporation

Manipal Finance Corporation is a Non-Banking Financial Company based in Manipal, Karnataka, that commenced its business in hire purchase and leasing. The company's primary operational activity is now restricted to recovering money owed to it and paying back its own debts. Faced with significant financial hurdles, the company has focused its efforts on reducing its operational costs across all fronts. It stopped all main business, such as accepting deposits and providing loans or leasing, after its registration was cancelled in 2002. A key part of its recovery strategy includes filing criminal complaints against defaulters whose cheques have been dishonoured. Despite current challenges, the company has a long history in the sector, having completed 41 years of operation.;