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Muthoot Fincorp to act as business correspondent for banks.

12th August 2014


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Muthoot Fincorp welcomes RBI's directive on differentiated banking license.

31st July 2014

Deepika
 
Financial Chronicle
 
Hindu Business Line
   
   
 
Kerala Kaumudi
 
Malayala Manorama
 
Siraj
   
   
 
Varthamanam
 
 

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We'll look at an equity infusion next fiscal - Mr. Maneesh Srivasthava - CEO Muthoot Housing Finance Company Ltd.

17th July 2014



Muthoot Pappachan Group welcomes the new budget proposal for the low cost housing model.

11th July 2014

Hindu Business
 
Indian Express
 
   
   
 


Muthoot Fincorp Ltd. announces the first NCD Issue

03rd July 2014

Afternoon DC
 
Business Standard
 
Business Standard Hindi
   
   
 
Deccan Chronicle
 
Economic Times
 
Financial Express
   
   
 
Hindu Business line
 
Malaylam Manorama
 
Mangalam
   
     
 
Mathrubhumi
 
Mint
 
New Age
   
     
 
NIE
 
Times Of India
 
Varthamanam
   
 
Malaylam Manorama
 
 

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Expectation of Mr. Thomas John Muthoot on the new Narendra Modi Government

26th May 2014

Business India
Part 1
 
Business India
Part 2
 
Business India
Part 3
   
   
 
Business India
Part 4
   
     
   


Serving the underserved.

12th March 2014

Economic Times

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Muthoot Motors all set to reach new horizons.

28th February 2014

Over the years since its inception, Muthoot has grown to become a ubiquitous organization in the Kerala Market. Starting from banking sector to vehicle dealership sector, Muthoot has now become a much talked about and appreciated organization, all around the Indian market.

It was in 1887 that the visionary Muthoot Pappachan laid foundation to the Muthoot Pappachan Group. Since then it has witnessed a tremendous growth, making its presence felt in every major market sector including banking, hospitality, real estate and infrastructure, alternate energy, IT, precious metals, global services and now, in the vehicle dealership sector too.

Ever since it's beginning of the dealership of the legendary international brand Jaguar - Land Rover (JLR) in the Kerala market, Muthoot Pappachan Group has risen to one of the most coveted names in the vehicle sector. It was in 2010 that Muthoot began the dealership of JLR and have sold out 350 cars under this dealership within a short span of time. Adding yet another feather to its cap, Muthoot Group has bagged the credit of having sold 12 JLR cars including 'Auto Biography', a special edition model of the most expensive JLR vehicle, Vogue. No Indian dealer is known to have sold up to 12 models of JLR.

Apart from JLR, Muthoot has dealership of Honda cars, Ford cars, Honda two wheelers and Vespa two wheelers, with many numbers of dealership for each company spread across the state at various centres. Muthoot is now striding forth towards new heights with plans of starting new dealerships for all vehicles including JLR at various new places and hence become an iconic figure in the vehicle dealership market.

28th February 2014   28th February 2014
 
 

Muthoot Capital's topline soars.

26th February 2014



Gold loan companies to offer special schemes for women.

19th February 2014


MPG to expand Housing, Vehicle and Micro Finance loan portfolio, to touch 3500 Crs by 2016.

12th February 2014

12th February 2014
Malayala Manorama

Muthoot Housing Finance to target Rs1,000 crore loan portfolio.

05th February 2014

05th February 2014
Hindu Business line


A gastronomic surprise awaits you at the Garden Grille in Hotel Hilton Garden Inn, Trivandrum.

29th January 2014

MPG to hive off its microfinance division into a separate company.

28th January 2014

28th Jan 2014
Business Standard


Reserve Bank's decision to increase LTV will rebuild lost confidence.

24th January 2014

Business Standard
24th Jan 2014


Gold loan lenders start lowering rates.

23rd January 2014

23rd Jan 2014

Muthoot Motors introduces the new Range Rover Sport in Kerala

22nd January 2014

22nd Jan 2014

Muthoot Pappachan Group plans to invest in the hospitality sector in big way

06th Jan , 2014

Muthoot Microfinance set to expand to UP and MP.

02nd Jan , 2014

Business Bhaskar
02nd Jan 2014
 
 
 

RBI norms prompt gold loan companies to offer new products.

31st December , 2013

The Economic Times
31st December 2013
 
 
 

Hilton Garden Inn, now in Trivandrum.

20th December , 2013

Business Line
20th December 2013
 
 
 

Villa Maya featured in the latest issue of Architectural Digest

13th December , 2013


13th December 2013
 
 
 

Villa Maya featured in Eat Street of The Hindu.

9th Dec, 2013


9th Dec 2013
 
 
 

Muthoot Fincorp enter the final round of The 2013 UP-START Cloud Awards

26th Nov, 2013

The 2013 UP-START Cloud Awards are now established in the cloud community as the de-facto recognition platform to cultivate the understanding, appreciation and advancement of the contribution of cloud computing to the business and technology community.

Disruptive and next generation Cloud Computing companies, as well as innovative stealth mode / emerging solution providers, are invited to step up to the plate and showcase their capabilities to receive a coveted industry recognition, as well as a tangible prize.

Muthoot Fincorp is a finalist in the 'Best Hybrid Cloud Solution' Category.

Muthoot Pappachan Foundation organizes blood registration drive across the country

23 Nov 2013

Muthoot Pappachan Life Blood Directory, a strategic CSR initiative of the Muthoot Pappachan Group organized a blood directory registration drive throughout its 3,700-odd Muthoot Fincorp branches, in different states, across the country. The drive which commenced around the National Voluntary Blood Donation day has seen an encouraging response from Blood Donors across the country marking over 50,000 registrations in the directory.

Muthoot Life Blood Directory has also announced launch of the Champions Programme, a pilot initiative in Kerala wherein 70 volunteered staff will spread the message across Kerala about Blood Donation and will appeal to the general public to register in the Muthoot Life Blood Directory. These staff are trained on the concepts of Voluntary Blood Donation and are equipped to reach out to communities and social forums enabling a positive change among the people.

Smt. K Chandrika, Hon'ble Mayor of Trivandrum commenced the programme on 10th November. Speaking on the occasion, Smt. K Chandrika, Hon'ble Mayor of Trivandrum said, "Trivandrum has been facing the scarcity of blood donors, as the need of blood donation has been rising at an alarming rate. Through this initiative, we appeal to general public to be part of this noble cause."

The national drive, which marks over 50000 registrations so far across India, has seen an enthusiastic response from donors in states like Tamil Nadu, Kerala & Andhra Pradesh marking more than 70% of the total registration, in the directory. "Muthoot Lifeblood Directory, one of our initiatives under the CSR Health theme, aspires to establish the largest Voluntary Blood Donor Pool in the country. It is not just a CSR activity for us; but we are instrumental in building a platform to address one of the critical requirements of our country in the health sector - Life Blood. We also intend to alleviate the stigma on blood donation and in turn support people in need." said Mr. Thomas John Muthoot, Chairman & Managing Director, Muthoot Pappachan Group.

The directory includes a prominent presence of donors with rare blood groups, which accounts for 17 per cent of the total donor list. The rare blood group list comprises of over 8500 donors that include donors from rarest blood groups likes Bombay Group (1 nos), ARh-ve (1 nos), A2B- (2 nos), A2- (7 nos), A1B- (29 nos), A2B+ (63 nos), A2+ (70 nos), A1-ve (175 nos) etc. Over 300 patients have been supported by the Lifeblood Directory with over 500 units of blood, donated from its esteemed voluntary donors.

The Muthoot Life Blood Directory was launched, on the National Voluntary Blood Donation Day 2012. A full-fledged portal (http://muthootlifeblood.com/) was developed enabling Muthoot Fincorp branches to log in, to locally register new donors and post requests for blood. The location specific donor management process is supported through this portal. The portal is also publicly accessible to check the availability of Donors at required locations on a district basis. Its services are available across the nation, enabling a 24x7 help desk access through a toll free number 1800 300 00 109.

News Today
 
Maalai Sudar
 
New Age
   
   
 
Mathrubhumi
 
Malayala Manorama
 
Deepika
   
   
 
Veekshanam
 
Trinity Mirror
 
Makkal Kural
   
     
 
Maalai Tamizhagam
 
Kathir Mathi
   
     
       

The next leg of growth will be more balanced -Thomas John Muthoot - Hindu Business line

20 October 2013

Thomas John Muthoot, Chairman & Managing Director of Muthoot Pappachan Group, talks about the impact of RBI regulations and the way forward for all established players in the gold loan space.

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20th Oct 2013
 
 
 

Muthoot Fincorp among 45 Indian companies to enter WEF's Global Growth Companies (GGCs)

7 October 2013

Muthoot Fincorp Limited, the flagship company of the Muthoot Pappachan Group has joined the Global Growth Companies (GGCs) Community of World Economic Forum, as one of the fastest growing firms from India.

Global Growth Companies (GGCs) community of World Economic Forum comprise of 370 entities across 5 continents and from 60 countries as its current members. Global Growth Companies are fast-growing companies with clear potential to become global economic leaders based on factors like business model, growth record, leadership and are among the most influential and successful companies within their industries. As many as 45 Indian companies are in the coveted list of 370 firms.

Mr. Thomas John Muthoot, Chairman and Managing Director, Muthoot Fincorp said, "We are delighted being part of the coveted group - Global Growth Companies of World Economic Forum. Muthoot Fincorp has always believed in bringing out innovative products keeping in mind customer requirements, providing superior customer service, using the latest in technology to streamline processes as well as providing continuous learning opportunities to employees & empowering them towards meeting organization goals. Being part of this exclusive group is a reflection of our efforts and it will only push us to achieve even greater milestones" The World Economic Forum's Community of Global Growth Companies (GGCs) was formed in 2007 to engage dynamic high-growth companies with the potential to be tomorrow's industry leaders and to become a driving force of economic and social change.

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Malayala Manorama
9th Oct 2013
 
Matrubhumi
9th Oct 2013
   
 
   


Muthoot Housing Finance eyes Rs 300 cr biz this fiscal

30 September 2013

Economic Times Hindi
30th Sep 2013
 
Economic Times
30th Sep 2013
 
Financial Chronicle
30th Sep 2013
   
   
 
Hindu Business line
30th Sep 2013
 
Political & Business Daily
30th Sep 2013
 
Afternoon
30th Sep 2013
     
     

Muthoot Capital Services Q1 profit up 21.3%

   
   
     
     
     
     
     
     
     
 
 
 

MPG's Life Blood directory launched.

   
   
     
     
         
         

Government Commited to Ecouraging NBFC’s :Mani

Kochi, 6th June, 2013- Kerala Non-Banking Finance Companies(KNBFC), the welfare association formed by Reserve Bank of India authorized Non-Banking Finance Companies with their registered offices in Kerala, held this year's annual meet today in Kochi. The Annual Meet was inaugurated by Shri K. M. Mani, Hon'ble Minister for Finance, Govt. of Kerala. The event was also graced by Mr. Shreedhar Prasad, Director, Risk consulting at KPMG, Mr. Thomas George Muthoot, Chairman of KNBFC, Mr. Kurian C George, Vice Chairman, KNBFC and other eminent representatives of other NBFCs in Kerala.The Annual Meet mainly focused on the various risks as well as governance challenges that are faced by the NBFCs in the current scenario and how a proactive approach towards compliance can help minimize these risks.

Speaking on the occasion, Mr. K M Mani, Kerala Finance Minister said "People are not getting credit from banking sectors owing to technical hurdles but NBFC's are filling this gap. Banks face problems to expand their rural presence ,there NBFC's come to the rescue of the rural masses. The state government is committed to encourage the sector .

Mr. Thomas George Muthoot, Chairman of KNBFC said,"Over the years the NBFC Sector has not only grown in size, but also in terms of interconnectedness and systemic importance. Most of the NBFCs enjoy huge credit lines with the Banking system. Hence it is very essential that the NBFCs should function in a systematic and healthy manner contributing to the financial stability of the economy of our Country. Therefore, the need for adequate control over the NBFCs should not be overstated. NBFCs strictly abide by the rules prescribed by the Government and the RBI and we will continue doing our business in a fair manner" .

   
   
     
     
     
     


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Business India cover the Muthoot Pappachan Group in its latest issue

May 27, 2013

Business India has dedicated a center-spread article about the Muthoot Pappachan Group, where the three MPG Directors speak about the golden opportunities in the industry and what lies ahead for the Muthoot Pappachan Group.

   
   
       
       

Muthoot Pappachan Group launches Swarnavarsham Jewellery

Cochin, May 9, 2013: Muthoot Exim - Precious Metals Division, part of the Muthoot Pappachan Group today announced the launch of Swarnavarsham Jewellery, an unique product which would allow customers to purchase, in an affordable manner, hallmarked gold jewelry of low ticket sizes (2 to 8 grams) in tamper proof packaging, a first of its kind in India.

Swarnavarsham Jewellery is a unique jewellery purchase scheme that allows customers who desire to purchase gold jewellery, by just paying small money up front and balance in easy payment terms. One of the key features is that gold jewellery would be available at 'Live Pricing' allowing customers to benefit from the actual gold price as applicable at the time of order booking and not a price fixed (for whole day).

Each of the four product offerings- Ear-Rings, Rings, Chains and Bangles come in simple designs and very good finish, that historically remain in fashion forever, are available in different denominations to suit individual requirement. Every piece will be hallmarked as per BIS standards.

Speaking on the occasion, Mr. Thomas Muthoot, Executive Director, Muthoot Pappachan Group said, "Swarnavarsham Jewellery"is part of our concerted strategy to offer value to our esteemed customers, helping them own hallmarked pure gold jewellery in an affordable manner." "Our products are structured keeping the customer's interest and requirement in mind. We are well aware that a customer comes to us when he has a need, and is expecting a quick, efficient and hassle free solution, and subsequent servicing," Mr. Muthoot said.

Mr. Keyur Shah, CEO, Muthoot Exim - Precious Metals Division said, "We are delighted to offer Swarnavarsham Jewellery as it fulfils the desire and aspiration of millions of Indians who yearn to own gold jewellery but cannot afford it. We have chosen Kerala and Tamil Nadu in the first phase, as we believe these two states have huge potential. We plan to expand our reach to other parts of the country by third quarter of 2013-14"

"Swarnavarsham jewellery would be of great value to customers. Introduced in tamper proof packing, it assures the customer highest standards of purity as well as doubles up as a great package for gifting" Mr. Shah added.

The Swarnavarsham jewellery product line includes 22K hallmarked Gold Chains weighing 4 gm and 6 gm, Ear Rings weighing 2 gm, Finger Rings weighing 2 and 3 gm and Bangles weighing 6 gm and 8 gm. The loan tenure would range between 12 to 24 months.

   
   
     
     
     
     
     
     
     
     


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Muthoot Capital Q4 Net Rises, set to commence tractor Loans

Muthoot Capital Services Ltd., the BSE listed NBFC of the Muthoot Pappachan Group, today announced its audited financial results for the year ended 31st March 2013. The Company has registered an impressive growth during the year ended March 31, 2013 with the Net Profit rising 40% to Rs 21.76 crores, as compared to Rs 15.51 crores for the previous year. The total revenue for the year reached Rs.107.22 crores compared to Rs.67.35 crores in the previous year, recording a growth of 59%. The total loan disbursements for the year ended March 31, 2013 jumped 49% to Rs. 431.16 crores compared to Rs 288.45 crores during corresponding period last year.

Based on the impressive performance of the Company for the year ended March 31, 2013, amid slowdown in economy in general and auto sector in particular, the Board has recommended a dividend of Rs.4 per share (40%).The Company's profit for the quarter ended 31.03.2013 recorded a growth of 3% to Rs.6.58 crores, as compared to Rs.6.39 crores during the corresponding quarter last year. The total revenues during the quarter ended 31 March 2013 increased 38% to Rs.32.61 crores, compared to Rs.23.69 crores during the corresponding quarter last year.The Company continues to focus on financing of two wheelers and three wheelers. It disbursed 95,000 loans during the year compared to 67,000 loans last year, which is an increase of 42%. The total number of two wheeler and three wheeler loans disbursed by the company so far has crossed 2,13,000 by 31.03.2013. The total loan assets also registered an impressive rise of 66% to Rs.482.20 crores as on 31.03.2013 compared to Rs.290.76 crores as on 31.03.2012.

Commenting on the financial performance, Mr. Thomas George Muthoot, Managing Director, Muthoot Capital Services Limited said, "Our three-pronged strategy, of consolidating in Kerala, building up a formidable presence in south India and making entry into other parts of India has translated into superior financial performance during the year. Our foray into three wheeler financing with strategic tie up with Mahindra and Piaggio was a major milestone during the year." "The rural market is estimated to grow leaps and bounds and we aim to become the number 1 financier in the rural segment. The company plans to foray into tractor financing and used car financing in the current year. We are also planning to extend our reach to Rajasthan, Punjab and Madhya Pradesh during the year." added Mr Muthoot.

"The Company catered to the customers' needs by introducing unique financing products like chequeless scheme, 100% funding scheme and 1% interest scheme. While the Company's monthly average loan disbursal during 2012-13 stood at Rs 36 crores, the disbursal reached Rs. 60 crores in March 2013" said Mr R Manomohanan, CEO, Muthoot Capital Services Ltd. The company is currently sourcing business from 600 plus dealerships, the majority of these being Hero and Honda which together contribute 80% of the total business. The Company is the preferred financier for these 2 wheeler manufacturers. During the year, the company activated 250 plus counters

   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
 

Kapil Dev addresses Muthoot Pappachan Group's Champions

THIRUVANANTHAPURAM, MAY 5:

Cricketing legend Kapil Dev addressed the national leadership and employees of the Muthoot Pappachan Group (MPG) at its annual meet held here.

Dev recounted the historic success achieved by the 14-member Indian cricket team captained by him when it won the World Cup 30 years ago.

Business success in today's competitive global scenario can be achieved through focus, consistency, innovation and enthusiasm, which the Indian team had demonstrated to the world, he said.

Along with John Muthoot, chairman and managing director, Muthoot Fincorp, he felicitated 'top performer' employees across the diversified MPG verticals.

   
   

Muthoot Pappachan Group partners with Ford India, Opens its Muthoot Ford showroom in Calicut, Kerala

   
     

Muthoot Fincorp unveils innovative mobile app for jewellery storage and assessment

Gold loan giant Muthoot Fincorp recently launched 'My Jewel Box', an android-based mobile application that enables gold consumers to virtually consolidate all their jewellery at one place and assess it's market value at any point in time. This application is designed to ascertain one core thing eventually - the eligibility of the customer for a gold loan.

   
   
   
     
   
       

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Muthoot Capital net grows 52%

29 January 2013

The Hindu Business Line
29 Jan 2013
  The Economic Times
29 Jan 2013
  Mathrubhumi
29 Jan 2013
   
   
 
Mangalam
29 Jan 2013
  Deepika
29 Jan 2013
  The Times of India
29 Jan 2013
   
   

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Muthoot Motors launches All-New Range Rover Vogue in Kerala

19 January 2013

Kochi: Muthoot Motors, the automotive division of Muthoot Pappachan Group and Jaguar Land Rover (JLR) has announced the launch of the all-new Range Rover Vogue in Kerala; the world's most refined and capable SUV. The fourth generation of the iconic Range Rover line, the new model has been developed from the ground up to provide the ultimate luxury SUV, following the innovative spirit of the original design from over 40 years ago. The world's first SUV with a lightweight all-aluminium body, the new Range Rover takes the capabilities of the marque's flagship to a new level, with even greater luxury and refinement, enhanced performance and handling on all terrains, and significant advances in sustainability.

Speaking on the occasion, Mr. Thomas Muthoot, Executive Director, Muthoot Pappachan Group said, "It gives us great satisfaction that we have been a facilitator to a niche set of customers in Kerala by bringing to them the world's most refined and capable luxury SUV - the All-New Range Rover Vogue. It offers the pinnacle of SUV refinement, with a more spacious and luxurious interior and a truly composed driving experience."

"Rising financial affluence in Kerala, penchant for technologically advanced premium vehicles and increasing globalisation has contributed to the booming premium luxury car market in the state. We see a tremendous potential for the luxury car segment in Kerala." Added Mr Thomas Muthoot

Land Rover has also planned to launch by MY 13, the New Freelander 2 and the All New 2.2 XF with 8 speed automatic transmission in the domestic market in the coming months.

Muthoot Motors, the only dealer in Kerala for JLR, serves customers pan Kerala & offers a wide range of premium luxury cars under the JLR brand. The company offers all available models including All-New Range Rover, Range Rover Evoque, Range Rover Sport, Range Rover Vogue, Land Rover Discovery, Land Rover Freelander, and XJ, XE, XF models under the Jaguar brand from its JLR's premium luxury brands dealership, located at NH Bye pass, Vytilla at Kochi.

Manorama Online
19 Jan 2013
  The Hindu Business Line
19 Jan 2013
  Business Standard
19 Jan 2013
   
   

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A market solution to affordable housing

22 January 2013

Shambhu ST sounds like a man who has discovered Utopia-for well under Rs.15 lakh. The 35-year-old's compact, two-bedroom apartment on the outskirts of Bangalore is newly constructed, well-lit, ventilated and secure. It is part of a gated residential community called Vaibhava, which includes a park, a children's playground and a school for his toddler son; his wife, a homemaker, only needs to leave the housing complex once a week for grocery shopping and they have plenty of friends in the community.

live mint
22 Jan 2013

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Launch of Muthoot Housing Finance in Kerala

Dhanam
31 Jan 2013
  Business standard
10 Jan 2013
  Deepika
10 Jan 2013
   
   
         
Kerala Kaumudi
10 Jan 2013
  Malayala Manorama
10 Jan 2013
  Mathrubhumi
10 Jan 2013
   
   
         
Metrovartha
10 Jan 2013
  The Hindu Business Line
10 Jan 2013
  The New Indian Express
10 Jan 2013
   
   
         
The Times of India
10 Jan 2013
  Veekshanam
10 Jan 2013
  The Financial World
10 Jan 2013
   
   
         
Business standard
10 Jan 2013
  Financial Choronicle
10 Jan 2013
   
     
     

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Gold loan firms diversify into auto, home loans to cut risk

December 19th, 2012

Chennai:- Thomas G Muthoot:- By getting into new segments, we were offering new services to our customers.

Financial Chronicle
19 Dec 2012
  Financial Chronicle
19 Dec 2012
 
 

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NBFC's foray Into home Loan Business

Chennai:- After banks and home finance companies, non banking finance companies (NBFCs) are moving into the home loan segment in a big way. Kolkata based NBFC magma is awaiting final approval from the national housing board for its foray into home loan financing.

The Times Of India
18 Dec 2012

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Muthoot Pappachan Group forays into used car financing segment

November 21st, 2012

Muthoot Pappachan Group, has recently forayed into the used car financing segment through its NBFC, Muthoot Capital Services. Muthoot Capital Services current portfolio includes two-wheeler and three-wheeler loans with 80% coming in from the former. "While the used car segment constitutes only 1% of our portfolio, we are looking to grow this segment next fiscal. Many auto companies are getting into small car manufacturing and the next step for two wheeler customers is to upgrade to four wheelers," director of Muthoot Fincorp, Thomas George Muthoot, said. Muthoot Fincorp is another NBFC of the Pappachan Group that is mainly into gold loans.

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"Technology is an enabler of high impact"

31st August 2012

Thomas John Muthoot, CMD, Muthoot Fincorp, shares his views on technology in the financial services....

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The Times Of India
12 Jun 2012
         

Muthoot to concentrate on small value vehicle loans

Rupee Times
14 Jun 2012

One of the leading gold loan companies in the country, Muthoot Capital Services Limited (MCSL) is shifting its focus on vehicle loans. The company is interested ...

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Muthoot Capital to pay dividend of Rs 3.50/share

Kochi, June 12: Muthoot Capital Services has recommended a dividend of Rs 3.50 per share on the back of robust performance during FY'12.

The company, a listed entity of the Muthoot Pappachan Group, has registered a revenue of Rs 67.35 crore compared with Rs 37.73 crore in the corresponding period last year, an increase of 78.51 per cent.

Profit after tax stood at Rs 15.51 crore (Rs 9.67 crore), recording an increase of 60.47 per cent. The total loan portfolio increased to Rs 296.79 crore (Rs 175.27 crore), up by 69.33 per cent.

At present, the company has more than one lakh borrowers, mainly under the two-wheeler category.

Mr Thomas George Muthoot, Managing Director, Muthoot Capital Services Ltd, said the company's focussed approach in targeting customers in various states and offering competitive rates have translated into reporting higher performance.

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Net profit of Muthoot Capital Services has registered an increase of 60.5%

The net profit of Muthoot Capital Services (MCS) has registered an increase of 60.5% to touch Rs 15.51 crore for the fiscal 2011-12.

The Board of Directors of the company has recommended a dividend of 35% per share. Last year the dividend stood at 30%. The revenue of MCS, a listed entity of the Muthoot Pappachan Group, has seen a 78.5% increase to a level of Rs 67.35 crore. The total loan portfolio of the company increased to Rs 296.8 crore, which represent a 69% increase over the previous year's level.

The company has nearly 1 lakh borrowers at present, mainly in the two wheeler category.

The Times Of India
12 Jun 2012
  Deshabhimani
13 Jun 2012
  Indian Express
13 Jun 2012
   
   
         
Mathrubhumi
13 Jun 2012
  The Hindu Business Line
13 Jun 2012
  The New Indian Express
13 Jun 2012
   
   
         
New Age
13 Jun 2012
  The Hindu
13 Jun 2012
  The Hindu
13 Jun 2012
   
   
         

Muthoot Fincorp positive of growth despite tight norms for NBFCs

Rupee Times
28 May 2012

Mr. Thomas J. Muthoot, Chairman and MD of Muthoot Fincorp, one of the top players in gold loan market is positive about the business. Mr. Muthoot believes despite the liquidity crunches, and regulatory and monetary pressures, the Keralite firm will find its way out.

The above inputs came after Mr. Muthoot was giving updates post the RBI's tightening the loan-to-value (LTV), which has resulted in a decline in loan volumes for NBFCs. The central bank also limited the access of the gold loan firms to bank funds.

The company follows the 60% LTV norm and plans to reduce its capital adequacy from 15% to 12% by FY 14.

"The LTV offered by banks may now be comparatively higher than that of NBFCs. But procedural delays associated with the latter are a deterrent for small borrowers. Given that most customers look at quick and easy disbursals as an important criterion, customers are attracted to us," Mr. Muthoot said.

He also added that the RBI's intervention would bring discipline in the industry. The 60% LTV and capital adequacy of 12% would benefit well managed long running company and also prevent undue competition brought in by new entrants.

The gold loans demand has gone up, despite the rising prices, and this keeps the company positive about the future. The company understands the importance of customer service. Since it will help them to retain and add new customers. Better accessibility also made customers reach the company easily, Mr. Muthoot added.

Kerala promises help to MFIs

THIRUVANANTHAPURAM, MAY 25:
The Minister for Rural Development, Mr K.C. Joseph, inaugurated the one-day workshop on 'Achieving inclusive growth - Role of MFIs' on Friday.

In the inaugural address, he promised all help to MFIs provided they go by the rule of the game, and conduct themselves in a transparent and accountable manner.

MFIs can go a long way to fill the gap left by banks in the social sector. The Minister said that the government was committed to grant benefits to all players on a part with the flagship Kudumbashree poverty alleviation programme.

Mr M.M. Hassan, a former minister who spearheads the Janasree mission, was of the view that MFIs must not work with a profit motive.

Banks must reduce interest rates for loans advanced to MFIs, he said. He also suggested that the government extend an 'organisational grant' along the lines of 'organisational expenses' to cooperative societies.

The event was organised by Assocham, Bengaluru, and sponsored by National Bank for Agriculture and Rural Development (Nabard), Muthoot Fincorp and Kamfi.

'Funds tight, but gold loan business will find a way around this'

The Hindu Business Line
- 27 May 2012

Muthoot Opens Honda Showroom In Kollam

The New Indian Express
24 May 2012
  Malayala Manorama
24 May 2012
  Deepika
24 May 2012
   
   
         
Metro Vartha
24 May 2012
  New Age
24 May 2012
  Mangalam
24 August 2011
   
   
         
Janmabhumi
24 May 2012
       
       
       
         

Muthoot Mahila Mitra conducts 2nd medical camp in Pondicherry

Dinamalar
13 February 2012
  Dinagaran
12 February 2012
  Tamil Murasu
12 February 2012
   
   
         

Towering across sectors

The Times of India
4 February 2012

Muthoot Fincorp enters Madhya Pradesh with 3 branches

Muthoot Fincorp Ltd enters 'the heart of Incredible India' with 3 branches in Bhopal. Located in MP Nagar, Manasarover and Indirapuri. The branches will offer a bouquet of products and services that range from gold loans to easy repayment schemes. The group is set open 50 branches across the state.

The Pioneer
4 February 2012
  The Hitavada
4 February 2012
  Peoples Samachar
4 February 2012
   
   
         
Dainik Agnipath
28 January 2012
  Central Chronicle
28 January 2012
   
     
     
         

Finance companies looking to lend more to low-cost housing segment

20 January 2012

Muthoot Fincorp, whose mainstay is gold loans, launched a housing finance subsidiary three months back. The company chose to enter this segment as there are not too many players right now, said Mr Thomas John Muthoot, Chairman and Managing Director.

Click here to read the report online.

Muthoot rated among India's Most Trusted Brands

18 January 2012

Muthoot was rated among India's Most Trusted Brands in The Brand Trust Report, India Study, 2012. The Brand Trust Report 2012 lists a total of 1,000 brands that score high in terms of trust. The study was conducted with 2,718 'influencer' respondents from 15 cities, and generated more than 2 million data-points from 12,000 hours of research.

Muthoot has been ranked in the BFSI, Finance category. The study reflects how deeply Muthoot is trusted and is measured by a comprehensive Brand Trust study on TRA's proprietary 61-components.

Most trusted brands in some other categories are Armani in Branded Fashion, DLF in Construction, NIIT in Education, ONGC in Energy, PVR in Entertainment, Pepsi in F&B, Dabur in Healthcare, Taj Hotels in Hospitality, Google in Internet, ACC in Manufacturing, Thomas Cook in Services, Being Human in Social Sector, Hewlett Packard in Technology, and Air India in Airlines.

Click here to read the report online.

Bridging the gap in the housing sector - Muthoot Housing Finance

Mint
13 January 2012

Muthoot Fincorp plans to divest promoter stake

Muthoot Fincorp plans to dilute 5-6% of its stake to Private Equity players or strategic investors.

The Economic Times
11 January 2012
  The Hindu Business Line
11 January 2012
  Business Standard
11 January 2012
   
   
         
Economic Times - Hindi
11 January 2012
  Mail Today
11 January 2012
   
     
     
         

Read the report online:

Will gold shine in 2012 too?

2 January 2012

Gold's spectacular sprint has been cut short by a speed bump in the past few weeks. From an all-time high of over $1,900 an ounce ( 35,332 per 10 gm at $1: 52.72) in September, the price of the precious metal fell to under $1,590 an ounce ( 29,520 per 10 gm) in mid-December. The question worrying investors now is whether this obstacle will lead gold prices to trip and fall, or will they touch even higher peaks?

Click here to read the report online.

Muthoot Fincorp ups marketing spends by 50-60%

14 December 2011

By Sai Prasanna Muthoot Fincorp, the flagship company of the Kerala-based Muthoot Pappachan Group, has increased its marketing/ advertising spends by 50-60...

Click here to read the report online.

Financial security main driver for rural micro-insurance growth

13 December 2011

Financial security, rather than savings goal, is the main driver for micro-insurance products in rural India, according to finance companies.Typically, micro-insurance products cater to rural population living below the poverty line.

Muthoot Housing Finance Company, which provides housing loans in rural sector, feels that below poverty line (BPL) population need to take micro-insurance to secure loans taken by them.

Click here to read the report online.

Percept Out Of Home executes Muthoot Fincorp's outdoor campaign

8 Dec 2011

The campaign kick-started in Maharashtra, Punjab and Gujarat during the month of November and will be carried till this month.

read more

Muthoot Fincorp takes its '3 min gold loan' offer pan India

8 December 2011

The company has launched a month-long, out of home campaign to promote its new offer 'Gold Loan in 3 min', across more than 100 towns in various citie in Maharashtra, Gujarat, Delhi, Haryana, Punjab, Tamil Nadu, Andhra Pradesh, and Karnataka.

Click here to read the report online.

MOMS executes large scale outdoor campaign for Muthoot Fincorp

5 December 2011

MPG sponsored a live performance of an orchestra by the visually challenged at the Le Meridian, Cochin. Multitudes thronged to the fund raiser event for an IT facility for the visually challenged, being supported by the SRVC, Cochin.

Click here to read the report online.

Formula cars to enthrall city enthusiasts

5 December 2011

Two of team M&Ns Formula Ford 1600cc cars, sponsored by the Muthoot Pappachan Group, will be on display at various locations in Thiruvananthapuram, and a race between drivers Gill and Arjun Balu might be arranged at Technopark if authorities give the go ahead, said Oota.

Click here to read the report online.

Investors vouch for State says Thomas George Muthoot on livemint.com

29 November 2011

Kerala has the attributes that could have turned it into an economic powerhouse, but some of those very characteristics have scuttled its aspirations.

At best, the state has earned a reputation as one of the biggest suppliers of manpower for the rest of India, West Asia and elsewhere, as most young people are unable to find local jobs that are good enough. Industry has fled the state, driven away by an aggressive labour regime that businessmen complain is extortionate, making the economic system dependent on remittances that have had a skewed effect on development.

Click here to read the report online.

A Scheme For You Too

Outlook India
7 November 2011

Despite the giddy escalation in prices, Kerala's gold rush is finding fresh converts in rural areas too. That's exactly what Muthoot Fincorp (Muthoot Pappachan group) discovered when it offered women a micro-finance loan called Mahila Mithram along with an existing Swarna Varsham gold scheme. The women are given Rs 10,000-15,000 as loan, coupled with a one gram gold loan. The money is given at the beginning of the period, and the one gram 24K gold given at the end. The only guarantee is the group guarantee.

Click here to read the report online.

Muthoot Fincorp now in Jaipur

Dainik Bhaskar
4 October 2011
  Rajasthan Patrika
4 October 2011
  Daily News
4 October 2011
   
   
         
Dainik Navjyoti
4 October 2011
  Samachar Jagat
4 October 2011
  Dainik Amber
4 October 2011
   
   
         

Read the report online:

Lure Of The Yellow Metal

Business World
24 September 2011

"We have to enter big states with a good number of branches to achieve operational efficiency," says Thomas John Muthoot Chairman and managing director, Muthoot Fincorp.

Click here to read the report online.

Muthoot Fincorp ties up with UAE Exchange

Kerala Kaumadi
8 September 2011
  Malayala Manorama
8 September 2011
  Mangalam
8 September 2011
   
   
         
Mathrubhumi
8 September 2011
  New Age
8 September 2011
  Veekshanam
8 September 2011
   
   
         

Muthoot Mahila Mithra and NABARD join hands in women empowerment.

The Hindu
24 August 2011
  Deccan Chronicle
24 August 2011
  Veekshanam
24 August 2011
   
   
         
The Hindu - Business Line
24 August 2011
  New Age
24 August 2011
  Mathrubhumi
24 August 2011
   
   
         
Malayala Manorma
24 August 2011
  Kerala Bhushanam
24 August 2011
   
     
     
         

Read the report online -

Healthy eyes, Healthy nation

The New Indian Express
22 August 2011

Reiterating its commitment to society Muthoot Fincorp Ltd. conducted a free eye check up camp in association with the Ernakulam District Committee for Eradicating Blindness. The camp was conducted at the Muthoot Fincorp office premises in Angamaly with the aid of the Department of Ophthalmology, Little Flower Hospital, Angamaly. The half day camp saw many patients, young and old, queue up to receive a thorough check up and advice. Aluva Municipal Chairman, M T Thomas inaugurated the camp.

Click here to read the report online.

Muthoot Capital Services Limited coming out with Rights Issue of Shares

9 July 2011

is coming out with a rights issue of shares on a 1:1 basis to the existing shareholders. The shares of Rs 10 each face value would be issued at a premium of Rs 70 per share, making the issue price of Rs 80 per share.....
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The Honda CBR 250R has finally arrived..

Malayala Manorama
30 May 2011


Muthoot Capital Services Limited net profit up 34.75 %