Manappuram Reviews

What is there to say? everything you can say about this company would turn out negative I guess. The pay structure is poor. You gotta deal with the customers even until 7 in the evening- which is the official closing time. Not only that. They also withdrew security guards siting the 'fact' that they can't provide proper security to the customers, so the officials should greet the customers while opening the gates! This goes on and on throughout the day. Plus they changed the long term loan policies, turning all the 6-12 months pledges into 3 month ones, thus churning out more money from the customers while they renew their loans. And should I say more about the Malayali hierarchy that's been goin thru this company since time immemorial? The management should take a lesson from the other Malayali NBFC stalwart- Muthoot Finance, about how to properly run a company.

* It's basically a one-man controlled company, with each & every decision depending upon the MD's "approval". * Extremely complex amount of red-tape reminiscent of the govt offices of 70's/80's, even for insider employees to get anything done - because of reason mentioned above. * There is no proper direction of action : employees just run around often doing very hard work but rarely doing smart/efficient work. * Some personnel in key positions are just there because they've blessings of the top who's who. So if you are ill-fated to work with them, you will curse every day of your work there. * Extremely high amount of attrition from the branches due to very low remuneration provided to branch-staff; staff attrition is in truck-loads: minimum 100 people every day! A monthly salary of 25K to branch-head with 6day work-week and very high sales responsibilities is never going to be satisfactory. * Some department heads are rumoured to take bribes from external agencies/vendors/candidates etc. for awarding them projects/employment * High amount of favouritism and partisan promotions - if you're in the good books of certain high-ranking officials you can expect to stay on and reach higher positions, forget about professionalism/ethics etc. * 6-day work week, every week (not like banks where 2nd/4th sat holiday); sometimes staff may have to work on sundays also. * Strict office-timings: based on attendance punching, not even a delay of a second in check-in allowed!