FigureAsia 35 Under 35 · Finance
Monil Manish Shah
Age 29 · Vehicle and small-business lending · India
A lending operator connecting sales growth to the underwriting and expansion disciplines of a listed finance company.
- Age at the edition eligibility date
- 29
- Field
- Finance
- Country or region
- India
- FigureAsia U35 Assessment
- 64.0 / 100
Profile
Career and documented record
Monil Manish Shah is chief business officer and a whole-time director at Manba Finance, a lender active in vehicle and small-business credit. In FY25, the company increased total income from ₹191.63 crore to ₹250.45 crore, profit before tax from ₹38.65 crore to ₹50.10 crore and profit after tax from ₹31.18 crore to ₹37.80 crore. By the first quarter of FY26, it reported ₹1,415 crore of assets under management, up 43%, and a record ₹165 crore of quarterly disbursement.
Manba's own leadership record assigns Shah responsibility for sales and strategy, marketing and expansion and credits him with helping formulate and execute its growth and profitability strategy. That establishes a functional connection to the result, but lending outcomes are shared with credit, collections, treasury and risk teams and take time to season. His achievement is the completed expansion of a profitable lending operation, not the assumption that higher disbursement is automatically better finance.
FigureAsia selection
Why Monil Manish Shah is on the list
FigureAsia selected Shah because his case joins an exact filed birth date, an executive operating mandate and completed growth visible in audited income and subsequent disbursement and asset measures. The record is more than a job title: it specifies the functions he runs and the strategy he helped execute.
The score remains conservative. Manba is nationally rather than internationally scaled, its results belong to a team and rapid lending growth can conceal future credit costs. Shah is recognised for measured operating execution while asset quality, funding resilience and borrower outcomes remain central to future assessment.
Verified work
The 2025–26 record
Delivered profitable income growth
Manba Finance reported ₹250.45 crore of total income, ₹50.10 crore of profit before tax and ₹37.80 crore of profit after tax for FY25.
Reached a quarterly disbursement record
The lender reported ₹1,415 crore in AUM, 43% annual growth, and a record ₹165 crore of disbursement in the first quarter of FY26.
Field context
The work in its field
Vehicle and small-business lending can widen access to productive assets and working capital, especially outside the largest banking relationships. Growth requires local distribution, fast underwriting and reliable funding.
Disbursement and AUM growth are incomplete measures of success. The real test arrives later through delinquencies, recoveries, funding costs, customer treatment and the ability to preserve capital through a weaker credit cycle.
FigureAsia U35 Assessment
Assessment breakdown
64.0out of 100
Completed financial consequence
19 / 30
Delivered profitable income growth is treated as a delivered financial outcome. The score is confined to the completed result described in the record and excludes projections or paper valuation.
Individual agency and execution
15 / 25
The documented role—Whole-time Director and Chief Business Officer—and the attributed actions in the profile establish accountable execution. Institution-wide results are not assigned to the person alone.
Verified reach and significance
13 / 20
Vehicle and small-business lending can widen access to productive assets and working capital, especially outside the largest banking relationships. Growth requires local distribution, fast underwriting and reliable funding.
Innovation and field influence
9 / 15
The record combines vehicle and small-business lending with the completed work described in Reached a quarterly disbursement record. Credit reflects demonstrated practice, not a claim of novelty by itself.
Stewardship, access and Asian relevance
8 / 10
The Asian connection is explicit: An Indian lending executive overseeing sales, strategy, marketing and expansion at a listed non-bank finance company. Stewardship credit is limited to the regulatory, governance, access or stakeholder evidence described in the profile.