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On 18 November 2008, the company was converted into a public limited company with the name "Muthoot Finance Limited". [8] During the year 2009–10, the company added 620 new branches. [9] In 2014, Muthoot Finance acquired a majority stake in Asia Asset Finance plc, a Sri Lankan publicly-listed financial services company. [10]
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). [9] [10] Later in 2011, Muthoot Finance publicly listed its shares on the two biggest stock exchanges in India National Stock Exchange of India and Bombay Stock Exchange. [11]
Muthoot Pappachan Group, also known as Muthoot Blue, is an Indian financial services conglomerate founded in 1887 by Ninan Mathai Muthoot. [ 4 ] [ 5 ] [ 6 ] Headquartered in Thiruvananthapuram , Kerala , the group has a workforce of more than 26,000 employees across 4,200 branches in India.
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
The conglomerate has since grown exponentially, and is currently present in over 16 diversified industries in 4 different countries. Alexander Muthoot is also the managing director of Muthoot Finance, a pioneer in Gold Banking. With over INR 263.87 bn in Assets Under Management, Muthoot Finance is India's Largest Gold Loan company (as of May 2013).
Muthoot Microfin Limited [5] is an Indian microfinance institution (MFI), headquartered in Kochi. It primarily provides unsecured microloans to women in rural areas. [ 6 ] It is a part of Muthoot Pappachan Group .
Today, MeeSeva offers citizens a bouquet of 329 high volume services [1] from across 36 departments through 7000+ MeeSeva kiosk centers across the states of Andhra Pradesh and Telangana. After the AP State re-organisation Act 2014 , MeeSeva contains two different portals for the states of Andhra Pradesh [ 2 ] and Telangana.
Muthoot was married to Sara George Muthoot, who is the Director of St. George’s School in New Delhi. [8] They have three sons. Their eldest son George M. George is the Executive Director of the Group and the youngest son Alexander George who is the Director of the Group. Their second son, Paul Muthoot George, was murdered in 2009. [9]