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| The Muthoot Plaza at Trivandrum and Taj Green Cove at Kovalam are one of the finest among Kerala hotels. |
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| Swarnavarsham-a secure, convenient means of buying gold. |
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| An array of the coolest machines with attractive two wheeler loan facility. |
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| A fantastic range of bikes and scooters from the Honda stable. |
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| Technopolis |
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| Kerala’s most prestigious address for businesses. |
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| Express 3 minute gold loan |
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| News & Events |
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Muthoot Pappachan Group Launches
Sthreejyoti a training program for women entrepreneurs
Our Bureau
Thiruvananthapuram
Muthoot Pappachan Group offers a unique programme “Sthreejyoti,” which is a set of award-winning modules focussing on building the business skills of women micro entrepreneurs. It is an educational model oriented to potential as well as established entrepreneurs.
Going strong with its core business of Gold Loan, the Group has ventured into providing micro finance (cash flow based Business Loan) in the year 2008 The number of borrowers under “Muthoot Business Loan ” portfolio has now grown to 7400 more than 25% of whom are women entrepreneurs.
“Sthreejyoti programme builds on the existing knowledge of entrepreneurs and offers them an integral development vision, further beyond simple administration of their business. The training program is extensive, participatory and reality based, using a lot of interactive games and role-plays to solve real- life business challenges and thus the program is engaging for people with little formal education who may not learn effectively in a traditional classroom setting” says Thomas Muthoot Director Muthoot Fincorp.
The courses offered are Self Management for Women, Leadership, The Entrepreneur and the Management, The Feasibility of My Business, From the Idea to the Business, Communication and Promotion, Cash Management, Savings and Investment and Debt. Each course lasts an average of 5 hours and is adapted to entrepreneur’s time and availability and the courses include an immediate action plan for entrepreneurs of what they have learnt. The program has standardized quality: all facilitators and entrepreneurs are certified by ACCION.
ACCION International, a private non-profit Organization with a mission of giving people the financial tools they need to work their way out of poverty. To date, ACCION has trained more than 700,000 micro entrepreneurs, 60 percent of whom are women.
The program offers a whole lot of benefits for Muthoot Fincorp by offering their clients credit plus services, loyalty building, lower client attrition rate, also offering new products and services to clients as they grow in businesses. Sthreejyoti program training is done by certified ACCION Master Facilitators; ACCION conducts periodical impact evaluation to measure the success of the program, enabling entrepreneurs to increase competitiveness in the market to generate more income and improve their economic and living conditions.
The Muthoot – Accion joint initiative will train 20000 women entrepreneurs in the next one year says Thomas Muthoot Director. Muthoot Fincorp. In his interaction with the media during the inaugural ceremony of this new initiative. |
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Honda Motorcycle, Muthoot Capital Services tie up
Honda Motorcycle and Scooter India Pvt Ltd has tied up with Muthoot Capital Services Ltd (MCSL), a division of Muthoot Pappachan Group, to offer instant “need-based financial services” for its two-wheeler customers. The tie-up will enable HMSI to penetrate deep into the semi-urban and rural markets using the services of MCSL’s retail outlets and dedicated manpower at every HMSI sub-dealer point.
HMSI has a strong dealer network in Kerala and Tamil Nadu, where the financing options will be available initially. The two companies will work closely to bring in operational efficiency, optimise the turn around time (TAT) and enhance customer satisfaction. The financing option will be offered to customers purchasing two wheelers at the authorised Honda retail outlets on an equated monthly instalments under the innovative flexi repayment options.
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MCSL 1st Quarter Results Announced
The unaudited financial results of Muthoot Capital Services Limited for the quarter ended 30th June 2009 reveals substantially higher performance compared to the corresponding period last year. The results were approved in the meeting of the Board of Directors held in Kochi on 28th July 2009.
The total income from operations for the Company increased from Rs 357.71 lakhs in the quarter ended 30th June 2008 to Rs 507.52 lakhs in the corresponding period this year, registering a growth of 41.88 %. However the interest expenditure increased by 61.89 % from Rs. 109.83 lakhs to Rs 176.83 compared to the corresponding period last year. Proactive measures implemented by the Company resulted in restricting the other expenditure during the period and this resulted in a Profit Before Tax of Rs 252.03 lakhs. Compared to Rs 180.98 lakhs for the corresponding period last year, the increase in Profit Before Tax is 39.26%. The net profit increased from Rs.122.17 lakhs to Rs 167.23 Lakhs, recording a growth of 36.87%.
Speaking on the future outlook of the company Mr. Thomas George Muthoot, Managing Director stated that, “We expect a good year ahead with signs of recovery in the economy as a whole. We are expecting a surge in the coming quarters with the onset of festival season in India".
Commenting on the company’s performance, Mr. R Manomohanan CEO Muthoot Capital Services limited said, “We feel happy with our performance in the first quarter of the current financial year. The stringent measures taken by the company for cost control and resources optimization are proving beneficial and we expect that it will make a positive impact on the current performance.”
The Company is maintaining its growth trajectory in operations as well as profits by increasing the exposure under the existing schemes and introducing innovative products, continuing to maintain the highest quality of the assets portfolio. The two wheeler loans offered by the Company are well received in the market. Recently the company has announced its tie up with Honda two wheelers to offer need based loan for buying two wheelers. There has been good response to the small and medium sized loans offered for traders and other businessmen. The Company plans to enhance its loans portfolio, by introducing innovative loan products. The latest addition to its loan portfolio is the scheme for financing of gold bullion. Under the scheme, the company will be extending finance to jewelers for purchase of 999 pure gold bullion from Rajesh Exports Ltd.(REL), the largest jewellery exporters from India. The gold imported by REL is sold through Muthoot Exim, the consignment agents for REL and the company will be extending finance for the purchasers of gold from Muthoot Exim.
The Company’s plans for organic growth by increasing the number of branches and adding to the portfolio of services and products are well under way. The Company is poised to increase the business levels and improve profits in the current year. The Company is going ahead with its plans to open Branches in Maharashtra, Madhya Pradesh and Gujarat to complement the existing branches in reach and business. Also, The Company is contemplating to offer the entire spectrum of capital market related products to the investing public.
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Muthoot Capital Services Q3 profit up at Rs 1.72 crores
Muthoot Capital Services Ltd has announced the financial results for the quarter ended on 31-December-2009. The Net Sales was at Rs.5.52 crores for quarter ended on 31-December-2009 against Rs.4.43 crores for the quarter ended on 31-December-2008.
The Net Profit / (Loss) was at Rs.1.72 crores for the quarter ended on 31-December-2009 against Rs.1.29 crores for the quarter ended on 31-December-2008.
The company has reported an EPS of Rs.2.65 for the quarter ended on 31-December-2009 against Rs.2 for the quarter ended on 31-December-2008.
The Net Sales was at Rs.15.67 crores for 9 months ended on 31-December-2009 against Rs.12.24 crores for the 9 months ended on 31-December-2008.
The Net Profit / (Loss) was at Rs.5.11 crores for 9 months ended on 31-December-2009 against Rs.3.88 crores for 9 months ended on 31-December-2008.
The company has reported an EPS of Rs.7.86 for 9 months ended on 31-December-2009 against Rs.5.97 for 9 months ended on 31-December-2008.
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Muthoot Capital Services posts 33% growth in net
Muthoot Capital Services Limited has registered a 33 per cent growth in its net profit for the quarter ended December 31, 2009, touching Rs 172.55 lakh against Rs 129.67 lakh during the corresponding period last year. The total income from operations for the quarter ended increased to Rs 556.98 lakh from Rs 456.67 lakh for the corresponding period last year, registering a growth of 22 per cent At the same time, the expenditure other than interest expenditure went up to Rs 132.65 lakh from Rs 63.40 lakh, which amounted to an increase of 109 per cent.
However, the company has been able to control financial expenses, resulting in reduction of interest expenses to Rs 162.75 lakh from Rs 196.37 lakh in the corresponding quarter last year, which is a saving of 17 per cent. The total expenses during the quarter recorded increase up to Rs 295.39 lakh compared to Rs 259.76 lakh for the corresponding quarter last year, which is an increase of only 14 per cent, Mr R. Manomohanan, Chief Executive Officer, said in a release.
Less expenses
As a result of the company's ability to restrict the increase in expenses, the profit before tax recorded an increase of 33 per cent from Rs 196.90 lakh during the quarter ended December 31, 2008, to Rs 261.59 lakh for the quarter ended December 31, 2009.
For the nine months ended December 31, 2009, the company achieved a total income of Rs 1585.27 lakh, compared to Rs 1250.62 lakh during the corresponding period last year, recording a growth of 27 per cent.
The expenditure other than interest expenses increased from Rs 214.80 lakh to Rs 317.72 lakh, which is an increase of 48 per cent.
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Muthoot Plaza to increase the inventory to 125 keys
Promoted by the Muthoot Pappachan Group, The Muthoot Plaza is set to international standards, providing a world of comforts right at the fingertips of the discerning business traveller, besides offering the trademark of the Sarovar Hotels hospitality, an affiliate of the Carlson Hotels World Wide, now the fastest growing hotel management group in India, with 35 hotels all over India. One of the finest business hotels in Kerala, the property has 57 well-appointed rooms, classified as Executive, Plaza, Deluxe and Presidential suites, a state-of-the-art business centre, conferencing and banqueting facilities, a wi-fi hotspot, a state-of-the-art gym and with laptop provided in high-end rooms.
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Muthoot Group launches training programme for women entrepreneurs
Our Bureau
Thiruvananthapuram, Dec. 21
The Muthoot Pappachan Group has launched “Dialogue on Business,” a set of award-winning modules focussing on building the business skills of women micro entrepreneurs.
It is an educational model oriented to potential as well as established entrepreneurs, according to Mr Thomas Muthoot, Director, Muthoot Fincorp. The initiative will train 20,000 women entrepreneurs in the next one year.
The Muthoot Pappachan Group is one of the largest family promoted and professionally managed business conglomerates based in Kerala with a presence in diversified fields such as banking and finance, hotels and resorts, real estate, automobile sales, power generation and IT Infrastructure. Muthoot Fincorp Ltd is the financial services division of the Group, and a non-banking financial company registered with the Reserve Bank of India. It has a network of 750 branches across the country and a customer base of more than a million.
MICRO FINANCE
While going strong with its core business of gold loan, the Muthoot Group has ventured into providing micro finance (cash flow based business loan) in 2008. The number of borrowers under the ‘Muthoot Business Loan' portfolio has now grown to 7,400, with more than 25 per cent being women entrepreneurs.
The training programme, launched in Kottayam last week, has standardised quality with all facilitators and entrepreneurs being certified by Accion, an international non-profit organisation in the private sector.
Accion's mission is to give people the financial tools they need to work their way out of poverty. To date, the Accion training programme has trained more than seven lakh micro entrepreneurs, 60 per cent of whom are women.
The programme offers benefits for Muthoot Fincorp enabling it to offer clients credit plus services, loyalty building, lower client attrition rate while also facilitating the launch of new products and services to clients as they grow in businesses.
PERIODICAL UPDATE
The Dialogue on Business training is executed by certified Accion Master Facilitators, Mr Muthoot said. Accion conducts periodical impact evaluation to measure the success of the programme enabling entrepreneurs to increase competitiveness in the market to generate more income and improve their economic and living conditions.
Dialogue on Business builds on the existing knowledge of entrepreneurs and offers them an integral development vision, beyond simple administration of their business.
The training programme is extensive, participatory and reality-based, using a lot of interactive games and role-plays to solve real-life business challenges. It has proved engaging for people with little formal education who may not learn effectively in a traditional classroom setting, Mr Muthoot said.
COURSES OFFERED
The courses offered are self management for women, leadership, entrepreneur and the management, The feasibility of my business, from the idea to the business, communication and promotion, cash management, savings and investment and debt. Each course lasts an average of five hours and is adapted to entrepreneur's time and availability.
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