Muthoot Fincorp Ltd., the flagship Company of the Group, with strong fundamentals, is a proactive Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. Muthoot Fincorp is a mass provider of finance in the form of gold and other loans with over
branches pan India and an average of 40,000 customers a day.
At Muthoot Fincorp Ltd., the products are specifically planned & designed to serve customers who are unable to access mainstream commercial banks. This unique structure is a result of decades of research and experience in the company's rural strongholds. This also allows the company to provide quick and customized finance options and investment products.
MFL also has a microfinance product named the Muthoot Mahila Mitra, which felicitates the upliftment of the weaker sections of society by providing small loans to female clients engaged in small income generating activities. The product is based on the Grameen model of lending; it is designed to promote entrepreneurship among female clients and to promote inclusive growth of clients who are at the bottom of the pyramid.
MFL had revenue of Rs. 1,975.32 Crores With PAT Profit After Tax(PAT) of Rs. 63.27 Crores for 2013-2014 and net worth of Rs 1249.85 Crores
MFL's short term instruments/debts are rated at A1 and long term instruments/debt at A negative by the leading rating agency CRISIL.
Whether it is non-convertible debentures or lease financing, auto loans or medium enterprise loans, Muthoot Capital Services Ltd. (MCSL) has an enormous variety of blue-ribbon services and products on offer. With an established base in rural and semi-urban areas in South India, it's now looking to expand throughout the country.
MCSL is listed on the BSE with revenue of Rs. 158.76 Crores and PAT of Rs. 22.21 Crores for half year ended September 30, 2014.
MCSL's short term instruments/debts are rated at CRISIL A1, long term instruments/debt at CRISIL A/Negative, fixed deposit programme at FA/Negative by the leading rating agency CRISIL.
When it comes to home finance for the lower middle and lower income group, the Muthoot Housing Finance Company(MHFCL) has the keys to the home they dream of.
MHFCL is headquartered in Mumbai with operations presently in Maharashtra, Gujarat, Madhya Pradesh,Kerala, Tamil Nadu, Karnataka and Uttar Pradesh.
MHFCL mainly caters to the housing finance needs of customers whose income ranges from Rs. 10,000 to Rs. 30,000- per month and offers loans ranging from Rs. 3 lakhs to 15 lakhs, up-to 80% of the property value with a loan repayment period of upto 15 years. The Company offers loans for the purchase of ready property, under-construction house / flats, for self construction on owned plot of land and for home extension.
MHFCL is a subsidiary of the Group's Flagship Company, Muthoot Fincorp Limited and is registered with the National Housing Bank
MHFCL's long term debts are rated at BBB-by the leading rating agency CRISIL.