The Muthoot Group, which has a family legacy of 800 years, was founded in 1887 by Late Shri Ninan Mathai Muthoot, as a modest trading business in the remote village of Kozhencherry in Kerala. The company offers Equity & Currency trading, Online trading, Portfolio Management Services, Depository services, Mutual funds, PAN card services and Market Research. It was established in 2002. We have a thriving network of more than 25 senior leaders from different industries like education, nano and micro-retail, agriculture, financial services, health and wellness. In the late 1980s, the business was most amicably split four ways and Shri Muthoot Pappachan founded the Muthoot Pappachan Group. The Muthoot Group is an Indian multinational conglomerate headquartered in Kochi, Kerala. Read Muthoot Fincorp NCD Sep 2020 current news. They often come and speak to me and explain their produc... Read More, One day i saw Saharanpur team of Muthoot Fincorp doing marketing activity in my area, talking about being self-enough by gettin... Read More, I had requirement of funds , that is when the Branch Manager of KM doddi  Blue Muthoot  told me about the  business loan, wi... Read More, I visited Muthoot Blue branch and received Gold loan of Rs. Our focus is on creating financial liberty for masses while staying in line with the statutory and regulatory framework of the Indian finance sector. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. We tailor financial solutions for every need and back them up with efficient, quick and friendly service. Paul George Global School, New Delhi: Commenced operations in 2015. To be the most trusted financial service provider, at the doorstep of the common man, satisfying him immediately with easy and simple products. Muthoot Pappachan Technologies is the technology arm of the Muthoot Blue Group. Muthoot Fincorp is a flagship company of the Muthoot Pappachan Group having its recognised history of 128 years. We will get back to you. The Periyar Foundation set up by Muthoot Hotels is based in the town of Thekkady, near the Periyar National Park has undertaken several projects for the conservation of the national park including 'vasantha sena'[25] and a research study along with the National Institute of Advance Studies for the conservation of 'Nocturnal Flying Squirrels'. I have taken a gold loan and made use of the EMI facilit... Read More, I have been a Muthoot Blue customer for more than 15 years. We will communicate you only through the mail ID mails@muthootgroup.com. 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. The company offers Home Loan products, particularly for affordable housing. Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Muthoot Capital Services Ltd. offers income-based, asset-based and non-income based finance options. Asia Asset Finance primarily provides loans to small businesses as well as Gold Loans. Do not respond to such mails. Get the Muthoot Fincorp Limited NCD grey market premium and Muthoot Fincorp NCD Sep 2020 expected listing price. Despite such challenging situations, The Muthoot Group continued to grow and expand as a result of the sheer will, d… We are one of India’s leading NBFCs. Or just call us now. It is owned and managed by the Muthoot family. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. 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. [4] The group manages assets of over $4.5 billion. The aim was to provide self-less service for the workers, who were not able to manage their cash and would tend to lose and/or misspend the same. In 1939, M. George Muthoot created a partnership firm under the name of Muthoot M. George & Brothers (MMG). Muthoot Institute of Science & Technology, Kochi: Commenced its first academic year in 2013. [8], In 2010, Muthoot Finance sold 4% of its shares in a private equity round to Barings Bank and Matrix Partners, raising ₹157 crore (US$34.33 million). As the Blue Muthoot, our Brand Promise is: Blue is Belief. Adopting the latest technology and new ways to serve customers, without compromising on basic principles and ethics we have been following since our inception, is what drives the Group. The institution provides financial assistance through micro loans such as income generating loans to women engaged in small businesses. Second instanc... Read More. Muthoot Fincorp NCD Sep 2020 oversubscribed if bids are received for more shares than what is offered by the company. It operates over 65 business centres in Kerala, Tamil Nadu, Andhra Pradesh and Karnataka. In addition the group also operates Pampa Villa and Kayal Villa two boutique hotels in Kerala, as well as 10 Kettuvallam's in Kerala which operate under the brand 'Xandari River Escapes'. ... Alternatively, you can drop in to any of our Muthoot Fincorp branches across the country or Call Us at 1800 102 1616 and apply for the best bike loan offline. Its authorized share capital is Rs. If you do not have a credit history it is the best way to do so. Audace Fincorp India provides audit services like comprehensive auditing and assurance audit. Allow industries to function on Nov. 26. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. Muthoot Fincorp is a provider of mass finance in the form of gold loans. 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 company has been operating for over the past 14 years in the IT sector. [26], Dr. A P J Abdul Kalam Technological University, "Muthoot Group to hire 1,000 employees each in next 4 years", "Business Line : Today's Paper / MONEY & BANKING : Muthoot targets 2,0…", "India's larges gold financing NBFC, Muthoot Finance Ltd to offer loans against the security of gold Exchange Traded Funds", "CRISIL: India's leading Ratings, Research, Risk and Policy Advisory Company", https://www.icra.in/Rationale/ShowRationaleReport/?Id=34961&Title=ICRA%20assigns%20[ICRA]AA%20(Stable)%20and%20[ICRA]A1^;%20ratings%20to%20the%20enhanced%20bank%20facilities%20of%20Muthoot%20Finance%20Limited&Report=Muthoot%20Finance%20-R-19042017.pdf, "Indians hoard 20k tonnes gold worth record $1.16 trn", "Muthoot Finance raises 1.57 bln rupees from PE funds", "Muthoot Finance listed on BSE at Rs. Our contribution to poverty alleviation and women empowerment has also been significant. The company follows joint liability group (JLG) model of microfinance. It is about Belief in the Self, undaunted by the struggles of life. The group provides wire transfer services through the branch network of Muthoot Finance since 2002. 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. Do not respond to such mails. One day my friend informed me about the MSME loan that Muthoot FinCorp lends for business purpose. Muthoot Fincorp, said. The school operates under the Central Board of Secondary Education, The group formed a dedicated venture – Muthoot Alternate Energy Resources and started a Wind Energy Project in 1993 with wind farms located in Muppandhal village in Kanyakumari district, Tamil Nadu. Even today, people from across the state are happy to come to Kozhencherry for gold loans & chits. The group manages four luxury hotels operating under the brand name of Xandari, in Thekkady, Marari Beach, Fort Kochi and Alajuela, Costa Rica. The company has signed a partnership agreement with UST Global to expand its business into digital. The securities brokerage business of the group is undertaken through the subsidiary Muthoot Securities. Functioning out of a single office in Kozhencherry, Muthoot Ninan Mathai entered the gold loan business in the 1950s. The company has recently started its operations in US with a subsidiary in the Philadelphia region. In 2013, the group also acquired a majority stake in an NBFC in Sri Lanka operating under the brand name of Asia Asset Finance Limited. However, there are so many shortcomings in its functional guidelines :- Jog Security:- Not satisfactory because most of the staff hired at contractual basis. UAE operations commenced in 2002, UK operations started in 2007 and US in 2010. The Muthoot Group's Charitable actions/events are all conducted by the Muthoot M George Foundation.[24]. 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. They carry out the sales of these bars and coins through more than 4250 branches of Muthoot Finance. 180", "3 Kerala companies have more gold than Sweden, Singapore, Australia - Times of India", "ICRA - A Moody's Investor Services Company", "Muthoot Group Expands Money Transfer operations in Punjab", "Muthoot Vehicle Asset Finance and Axis Bank tie up", "Innovative software solutions provider powered by The Muthoot Group", "Muthoot M George Foundation announced the launch of Muthoot M George Excellence Scholarships =Business Standard", "All women forest patrolling team in Periyar Tiger Reserve- Women's Day", "Muthoot Group partners with UST Global for digital transformation", https://en.wikipedia.org/w/index.php?title=The_Muthoot_Group&oldid=992083604, Financial services companies established in 1887, Articles with dead external links from February 2018, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License, Muthoot Global Money Transfers is based out of, This page was last edited on 3 December 2020, at 11:57. 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. The Muthoot Group has been the main sponsor of the team, with the branding on the t-shirt chest of the Jerseys. The Muthoot Group has been the main sponsor of the team, with the branding on the t-shirt chest of the Jerseys. The majority of our customers have limited or no access to mainstream banking. In 2014, the group also acquired a majority stake in a Microfinance company operating under the brand name Belstar Investments. Muthoot Global is a part of Muthoot Group with presence in UAE, US and UK, currently dealing in Gold Loans, Money Transfer, Travel & Tourism and eCommerce. In 2001, the company was renamed to Muthoot Finance. We will communicate you only through the mail ID mails@muthootgroup.com. It is about limitless & unrestrained aspirations. Ask us your questions, share concerns, talk about challenges! Please feel free to contact us. “A journey of a thousand miles begins with a single step”. By choosing the options I authorize Muthoot Fincorp Limited and other Muthoot Pappachan Group companies (including its Agents/representatives) to communicate with me on their product offering, promotions & services through Telephone, Mobile, SMS, WhatsApp & Email. In 1971, the firm was renamed as Muthoot Bankers, and started to finance loans using gold jewellery as collateral. The company operates primarily in South India. Muthoot Fincorp Ltd. (MFL) is a non-deposit taking, systemically important NBFC registered with the RBI under Section 45 IA of the RBI Act. With over 3600 branches across India, we endeavour to serve over 100,000 customers a day. The app comes with a clean and simple user interface, designed to deliver an excellent user experience and service. Please contact us for further information about the genuineness or otherwise of such communications at: MG Road, Near Spencer's, Trivandrum - 695 039. Download link has been sent to you mobile number. Over the years, the Muthoot Pappachan Group has grown to become a significant entity in the Indian business landscape. We offer short-term and long-term deposit plans, according to your preference, Our schemes include monthly interest plans, annual interest plans, and maturity plans, offering interest rates as high as 9.05%. Expansion into other regions of the US and The Middle East is planned. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. It also provides several community health programmes that fall under the healthcare division of Muthoot Group. We will communicate you only through the mail ID mails@muthootgroup.com. The Late Muthoot Ninan Mathai had four sons, Ninan Mathew, M. George, M. Mathew and Mathew M. Thomas (Muthoot Pappachan) who were involved in the business from their childhood and later took over the family business. Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. All rights reserved. The group operates a chain of multi-speciality hospitals and a network of specialty clinics and diagnostic centres. The company was established in 1993. Muthoot Blue Gold Loan offered by Muthoot Fincorp is just perfect for raising short-term working capital or to meet your emergency financial needs, in just a few minutes at any of Muthoot Fincorp’s over 3600 branches and growing, across the country. Their client list includes US companies such as ARC group, PA, Court Port LLC, SVM, JAL International. It understands the varied needs of our customers and have thus created loans to suit different home requirements. 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. True to this adage, the group which planted its roots in retail trading, later diversified and made it’s mark, into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Healthcare, Precious Metals, and Alternate Energy. The group operates a specialised Cancer Research Centre in Kozhencherry, 2 multi-speciality hospitals in Kozhencherry and Pathanamthitta as well as Diagnostic Centres spread across the state of Kerala. For existing customers of Muth… As of December 2012, there are 7 inward remittances that Muthoot Finance offers Western Union, Xpress Money, Instant Cash, Ez Remit, Transfast, MoneyGram, Global Money.[14]. Muthoot Housing Finance Company Ltd. is registered with the National Housing Bank. With the genesis in its Founder, Shri Muthoot Pappachan’s unwavering faith in God’s teachings of love, respect and duty towards humanity and resolute adherence to basic human values & principles, the Group have evolved over the three decades and more into a business conglomerate that has the well-being of the people at the lower levels of socio-economic strata, at the very centre towards empowering the human ambition of these under-served masses in India. 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. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process. Muthoot FinCorp uses gold loans as a mass finance tool, helping customers meet their urgent fund requirements conveniently. Company History - Muthoot Finance Ltd. Our Company was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. The company has more than 4,500 branches spread across 29 states and union territories of India. Muthoot Pappachan Group has interests in Gold Loans,Banking and Finance,Alternate Energy Services,Automotive Services, Financial Services, Hospitality Services, IT Infrastructure Services, and Real Estate Investments Services.Know more about the Muthoot group from https://www.muthoot… Engineering under the category of systematically important non-banking financial company promote entrepreneurship among women and growth..., Punnen Road, Trivandrum - 695 039 Terms of market capitalisation, Muthoot Vehicle & Asset Finance company is! Pappachan Technologies is the colour of the sea and the middle East is planned staying in line with branding... 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