muthoot fincorp history

193,705,568. Including our other Group-companies products, we offer our target customer an extensive array of financial products & services, like Gold Loans, Small Business Loans, Affordable Housing Loans, Two wheeler Loans, Used-car Loans, Domestic Money Transfer, International Remittance, Foreign Exchange, Insurance Products & Services, Wealth Management Services for the common, Affordable Gold Jewlery and more. We take our name, Muthoot, from our family, which is a branch of a traditional Orthodox Christian family, based in Kozhencherry, a small town in the erstwhile primary state of Travancore. Delhi Daredevils IPL 2011–2013. Thomas John Muthoot is Chairman/Managing Director at Muthoot Fincorp Ltd. See Thomas John Muthoot's compensation, career history, education, & memberships. Currently Muthoot Blue has over 26,000 employees, serving around 5 million customers through its 4,200+ branches, other offices and team on the ground, across the country. Allow industries to function on Nov. 26. Subsequently, by fresh certificate of incorporation dated May 16, 2007, our name was changed to “Muthoot Finance Private Limited”. Decades of dedicated research and experience in rural strongholds have enabled the Company to provide quick and customised finance options and investment schemes for millions of customers who do not have access to mainstream commercial banks. Copyright © 2020 MuthootFincorp. In 2001, the company was renamed to Muthoot Finance. Shri M. G. George Muthoot took over the reins of The Muthoot Group as its Chairman in 1993 and through his able leadership made it one of India’s largest business conglomerates. Muthoot Microfin Limited is one of the leading microfinance institution in India, focussed on providing micro loans to women entrepreneurs, predominantly in rural regions of India. Our focus is on creating financial liberty for masses while staying in line with the statutory and regulatory framework of the Indian finance sector. Asia Asset Finance primarily provides loans to small businesses as well as Gold Loans. To provide timely small credit to millions of ordinary people, and also provide them with simple options to save their hard earnings. Gold Loans by Muthoot Fincorp. With over 3600 branches across India, we endeavour to serve over 100,000 customers a day. The Company is one of the largest Indian NBFCs engaged primarily in the business of providing personal and business loans secured by gold jewellery and ornaments ("Gold loans"). Later, understanding the needs of the estates’ workers and at the request of the British owners, who appreciated the values & principles of Mr. Ninan Mathai, he started a form of Chit Fund. The village was geographically handicapped and devoid of all prerequisites for starting and expanding a business such as - mobility, land, resources, industry and favourable market conditions, etc. In 1971, the firm was renamed as Muthoot Bankers, and started to finance loans using gold jewellery as collateral. [5] Muthoot Finance is also the highest-credit-rated gold loan company in India, with a credit rating of AA (CRISIL) and AA (ICRA) for its long-term debts and P1+ (CRISIL)[6] & A1+ (ICRA)[7] for its Short Term Debt Instruments. Grow your savings with Muthoot Fixed Deposits! #RestartIndia is a community guided by mentors but fuelled by you, the people. The app comes with a clean and simple user interface, designed to deliver an excellent user experience and service. Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE. Muthoot Fincorp, said. It is about Belief in the Self, undaunted by the struggles of life. In an effort to promote the Indian government's initiative of Housing for All, Muthoot Homefin operates primarily in the affordable housing segment, wherein the loans are below ₹30 lakh (US$42,000). Giving the workers an avenue for saving, provide for exigencies and also secure their tomorrow, Started as a simple solution to the need at that point in time, soon gained momentum and spread across. As of December 2012, the school has a staff strength of 130 teachers and student strength over 3000. We assist or clients to accomplish their goals by providing an organized, closely controlled process to assess and improve the efficiency of their management structure, overall control, and risk management. 2,000,000,000 and its paid up capital is Rs. Muthoot Finance falls under the category of systematically important non-banking financial company(NBFC) of the RBI guidelines. I have... Read More, Muthoot Blue branch has been opposite to my shop since many years now. This underlines our effort to bring the unbanked populace onboard the banking bandwagon. We will do everything to gain and maintain the Trust of all the stakeholders and will not do anything to lose their trust. The institute offers courses in all streams of engineering under the Dr. A P J Abdul Kalam Technological University. The business grew slowly but steadily along with its share of ups and downs. The Muthoot Group's Charitable actions/events are all conducted by the Muthoot M George Foundation.[24]. Read Muthoot Fincorp NCD Sep 2020 current news. [3] It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, tourism, and hospitality. The services offered by this division include international and domestic air ticketing, tour packages, passport services, emigration and visa services, travel insurance, bus ticketing and foreign exchange. Muthoot Hospitals became operational in 1988 and currently operates under the brandname of Muthoot Healthcare. The CSR initiatives of Muthoot Blue revolve around the theme HEEL, covering Health, Education, Environment and Livelihood. It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts. Muthoot Fincorp is a provider of mass finance in the form of gold loans. Customers are organized in groups of four to ten women from economically weaker sections of society, living in rural and semi-urban areas or urban slums. Muthoot FinCorp is achieving steady growth in capacity and capability due to our focus on customer satisfaction. The Muthoot Pappachan Group strives to take the world forward and with perseverance, commitment, and sincerity, and we know, the possibilities are infinite! Muthoot Fincorp Limited is a Public incorporated on 10 June 1997. Muthoot Precious Metals Corporation (MPMC) was established in May 2006, the company sells coins & bars of 999 Pure 24 Carat gold and silver throughout India. The group manages four luxury hotels operating under the brand name of Xandari, in Thekkady, Marari Beach, Fort Kochi and Alajuela, Costa Rica. MMG was a chit fund based out of Kozhencherry. Restartindia.in is a small step in a long journey in getting India back on track. The company's operating history evolved over a period of 70 years since M George Muthoot (the father of the promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father Ninan Mathai Muthoot in 1887.In the year 2001 the company obtained the license from RBI to function as an NBFC. India provides audit services like comprehensive auditing and assurance audit questions, share concerns, talk challenges. 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