Muthoot Homefin has a long-term credit rating of AA- (ICRA) and a short-term rating of P1+ (ICRA)[13]. Muthoot Finance is the Largest Gold Loan NBFC in India. Muthoot Finance falls under the category of systematically important non-banking financial company(NBFC) of the RBI guidelines. Muthoot Finance has the largest gold loan portfolio in India among NBFCs. Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates. 2.5 Lakh + Customers Served Everyday. The company is now managed by the third and fourth generation of its family members. The company has its Corporate Office in Mumbai, and operates primarily in the Western and Central states of India. The company offers Equity & Currency trading, Online trading, Portfolio Management Services, Depository services, Mutual funds, PAN card services and Market Research. In 2014, the group also acquired a majority stake in a Microfinance company operating under the brand name Belstar Investments. Muthoot Group is an organization that dares to dream the impossible; motivating and empowering its over 21000-member strong team to go on and achieve the impossible. It operates over 65 business centres in Kerala, Tamil Nadu, Andhra Pradesh and Karnataka. 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. 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'. It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, tourism, and hospitality. It was established in 2002. The group takes its name from the Muthoot Family based in Kerala. [1], The Muthoot family are Christians belonging to the Malankara Orthodox Syrian Church, and is one of the most influential members among the Christian community in Kerala. This 300 bedded hospital is situated in the heart of Pathanamthitta. M. G. George Muthoot, the third son of M. George Muthoot became the Trustee of the Malankara Orthodox Church in March 2007. Not a client? Gold loans by Muthoot Finance allow you to access funds in lieu of your gold jewellery, ornaments, etc. In 1939, M. George Muthoot created a partnership firm under the name of Muthoot M. George & Brothers (MMG). Facebook Twitter Linkedin EMail. Dhanam (Wealth), a business magazine in Kerala, also rated Muthoot as one of the foremost business families of Kerala.[3]. This land named “island farm” was acquired by a chartered accountant from various owners and sold to Mini Muthoot group, a leading non-banking financial corporation in Kerala. [2], India Today rated the Muthoot Family among the most influential business houses in Kerala. The Delhi Capitals are a franchise cricket team that represents the city of Delhi in the Indian Premier League (IPL). Paul George Global School, New Delhi: Commenced operations in 2015. Accountant cum JRE at The Muthoot Group Bengaluru, Karnataka, India 43 connections. Sanskara School, Infopark, Kochi: Commenced operations in 2016. Chandran & Raman Chartered Accountants. Established in 1939, The plantations grow cardamom, tea, coconut and rubber. Safe and Secure Processes. The family traces its roots to Thevervelil Family in the small town of Kozhencherry in Central Travancore . The Muthoot … The Muthoot family is one of the foremost business houses in South India. Their client list includes US companies such as ARC group, PA, Court Port LLC, SVM, JAL International. 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'. Lucknow. 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. UAE operations commenced in 2002, UK operations started in 2007 and US in 2010. 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.com for … [11] In terms of market capitalisation, Muthoot Finance Ltd is the second largest company in Kerala, first being Federal Bank. This was announced on the afternoon of Tuesday, February 20 George Muthoot George, Asian investor and owner of a business in the country. [12], Muthoot started offering loans backed by gold jewellery as collateral in 1971. The group provides tours and travel services through the brand Travel Jango (earlier known as Travel Smart). [19][20] Xandari River Escapes has been given a five star rating by Trip Advisor. 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. 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. The Muthoot Group's Charitable actions/events are all conducted by the Muthoot M George Foundation.[24]. Established in 2006, Chennai Live is the first talk radio station in India and is the leading English radio channel in Chennai. [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. [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). The Group started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Founded under the aegis of the Muthoot Group, this health care provider has been in continuous pursuits of excellence from its very inception on 11th July 2003. Tata group: The Tatas in the Supreme Court opposed as "nonsense" the Shapoorji Pallonji Group's proposal that its 18.37% stake in the Tata Sons, which it … Shri. The company Muthoot Group intends to invest in Costa Rica about $ 40 million in hotel developments, under the concept and brand of Xandari Hotels. In 1971, the firm was renamed as Muthoot Bankers, and started to finance loans using gold jewellery as collateral. We are also the largest Gold Financing Company in India in terms of loan portfolio, according to the 2015 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2015 ("IMaCS Industry Report, (2015 Update)"). his condition is stable now. The company's headquarters are located in Kerala, India, and it operates over 4,400 branches throughout the country. ... branch manager at The Muthoot Group A Muthoot M. George Enterprise. Incorporated in 1992, Muthoot Vehicle & Asset Finance is a public company engaged in providing vehicle loans. Sonika Tiwari Accounts Executive at The Muthoot Group. Company profile for Muthoot Finance Ltd. including key executives, insider trading, ownership, revenue and average growth rates. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. To get instant Gold Loan, Call 1800 313 1212. Ajay Chaudhary. H.M.Degree College. The securities brokerage business of the group is undertaken through the subsidiary Muthoot Securities. The group operates a chain of multi-speciality hospitals and a network of specialty clinics and diagnostic centres. ... Four held for murder attempt on eatery owner . View detailed 533398.IN description & address. All operations are now run under the name of Muthoot Insurance Brokers Pvt. The company has been operating for over the past 14 years in the IT sector. The Muthoot Pappachan Group is a twelve decades old reputed business house based in Kerala,India. Delhi Daredevils IPL 2011–2013. Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. Sonika Tiwari. The company operates primarily in South India. Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE. Join to Connect The Muthoot Group. 800 Years of Family Business Legacy. The company was set up by Muthoot Ninan Mathai in 1887 at Kozhencherry, a small town in the erstwhile Kingdom of Travancore (Kerala). The institute offers courses in all streams of engineering under the Dr. A P J Abdul Kalam Technological University. It was then later taken over by his son M George Muthoot, who incorporated the finance division of the group, which was until then primarily involved in wholesale of grains and timber. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Asia Asset Finance primarily provides loans to small businesses as well as Gold Loans. Avail from 5,330+ Branches. [15], The Wealth management services division of the group is associated with insurance ranging from life insurance to medical, ULIPs, etc. St George's School, New Delhi: It was founded in 1930. The Muthoot M. George Charitable Trust reaches over 20,000 people in need of assistance every year. George Muthoot, Chairman, The Muthoot Group Read More The group plans to diversify its foreign operations to Singapore, Germany and other GCC countries in future. The family traces its roots to Thevervelil Family in the small town of Kozhencherry in Central Travancore. The infrastructure division has residential and commercial projects in South India.[21]. The founder of the Muthoot Group was Muthoot Ninan Mathai, from whom the business house was later taken over by his son, M. George Muthoot. Password Protected. The group provides wire transfer services through the branch network of Muthoot Finance since 2002. Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE. Stocks to watch today on December 11: Kotak Mahindra Bank, TCS, Bank of Baroda, Muthoot Finance, Coal India, United Spirits among others … Muthoot Finance has played an instrumental role in organizing and professionalizing gold collateralized loans in India, a concept which emphasizes mobilising household gold jewelry as a channel of credit to borrowers. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Muthoot MD’s family, workers spar after attack; govt blames management for mess Muthoot Group MD George Alexander was rushed to hospital after the attack. The Muthoots are one of the wealthiest business clans in Kerala, a communist-ruled state not known for being business-friendly. DB Alumni Group (Unofficial) DB Alumni Group (Unofficial) Pharma SFE. Muthoot Group operates Chennai Live 104.8 Fm[18] that focuses on the growing demand for urban English music. 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]. 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. The total gold holdings among individuals is estimated to be more than 20,000 tonnes. Bringing joy to millions through a Diversified Product Portfolio. In 2001, the company was renamed to Muthoot Finance. Today, Muthoot Finance has a customer base of over 6 million and serves around 80,000 customers a day. We are India's No.1 - Most Trusted Financial Services Brand, according to the Brand Trust Report 2019, 2018, 2017 & 2016 consecutively. The group was founded by Muthoot Ninan Mathai, M.G. Muthoot Finance, according to the IMaCS Research & Analytics Industry Reports [Gold Loans Market in India, 2009 and the 2010 update to the IMaCS Industry Report 2009], is the largest Gold Loan NBFC and has the largest network of branches for a gold loan NBFC in India. The Reserve Bank of India classifies it as a Deposit taking Asset Finance Company. Chennai Super Kings IPL 2018–2020. 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. MMG was a chit fund based out of Kozhencherry. Now get your own PAN Card fast and hassle-free with The Muthoot Group from any of our 5,330+ branches. [citation needed] The Trust is engaged in various activities such as Disaster Relief, Community Development and Social Welfare. The Muthoot Group has many different types of industries, from finance to hospital and in sports CSK. We will communicate you only through the mail ID mails@muthootgroup.com. The company has signed a partnership agreement with UST Global to expand its business into digital. It offers information technology services, product engineering, business process outsourcing services and consultancy services to local as well as global clients. Ltd.[16]. 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. 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 Ltd. The company has more than 4,500 branches spread across 29 states and union territories of India. Muthoot Systems and Technologies Pvt Ltd operating under the brand Emsyne,[17] is the Information technology arm of the Muthoot Group, is headquartered in Cochin. About. Muthoot Institute of Science & Technology, Kochi: Commenced its first academic year in 2013. 5,330 + 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). Already, Nandanam Metro station has been painted red with Muthoot group’s name next to the station name. K R Bijimon, CGM - The Muthoot Group, presenting Hero ISL Muthoot Group Fair Play Award – 2016 trophy to Chennayin FC Co-Owners -Abhishek Bachchan & Vita Jalaj Dani at the closing ceremony of Hero ISL at Kochi on 18th Dec., 2016 Blood Donation Camp at Corporate Office- Over 100 employees volunteered to donate blood http://www.orthodoxherald.com/2007/03/19/fr-johns-abraham-konattu-and-muthoot-m-g-george-as-trustees-of-the-church/, http://www.dhanammagazine.com/index.php?issueid=125, https://en.wikipedia.org/w/index.php?title=Muthoot_family&oldid=985608752, All Wikipedia articles written in Indian English, Articles with unsourced statements from March 2011, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 October 2020, at 22:08. Company profile for Muthoot Finance Ltd. including key executives, insider trading, ownership, revenue and average growth rates. East Delhi. [3] It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, tourism, and hospitality. George Muthoot, Chairman of The Muthoot Group spoke to BW|Businessworld’s Sapna Bhardwaj on his budget expectation Read More Expectations on the forthcoming budget by Shri M.G. Shri M. G. … Since its formation, the company, under the leadership of its key management - Shri M G George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. [5], Incorporated in 2013, Muthoot Homefin (India) Limited is a Housing Finance company (HFC) registered with the National Housing Bank. Founders - Muthoot Ninan Mathai & Muthoot Pappachan. Company Headquarters is in Kochi, Kerala, India. The Muthoot Group has been the main sponsor of the team, with the branding on the t-shirt chest of the Jerseys. Expansion into other regions of the US and The Middle East is planned. [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. The group manages four luxury hotels operating under the brand name of Xandari, in Thekkady, Marari Beach, Fort Kochi and Alajuela, Costa Rica. The Muthoot Finance group, which began as a chit fund company, has diverse financial interests and hundreds of its branches are spread across the country. MPMC imports gold bullion from Switzerland and converts them into gold coins of smaller denominations so as to suit the investment requirements of people from different income groups. The group manages assets of over $4.5 billion. The company was established in 1993. The company has recently started its operations in US with a subsidiary in the Philadelphia region. Fast and Hassle-Free Process. It also provides several community health programmes that fall under the healthcare division of Muthoot Group. See the logo of the company and you can read about the CSK IPL Team here. The profit for the group, Muthoot Finance contributed INR 2,993 crores and subsidiaries, INR 176 crores current year. Muthoot Hospitals became operational in 1988 and currently operates under the brandname of Muthoot Healthcare. Founded in 2008 as the Delhi Daredevils, the franchise is jointly owned by the GMR Group and the JSW Group.The team's home ground is Arun Jaitley Stadium, located in New Delhi.. Muthoot Housing & Infrastructure, formerly known as Muthoot Builders, was established in 1990. The family has interests in various sectors of business varying from Financial Services to Media. As of 2009, it was the largest non-banking financial company issuing gold-backed loans. It is owned and managed by the Muthoot family. 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