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The company was incorporated as a private limited company on 14 March 1997 with the name "The Muthoot Finance Private Limited" under the Companies Act. [7] 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]
The group expanded its Gold Loan business to the UK, wherein it operates under the brand name Muthoot Finance UK. In 2014, the group also acquired a majority stake in a Microfinance company operating under the brand name Belstar Investments. Incorporated in 1992, Muthoot Vehicle & Asset Finance is a public company engaged in providing vehicle ...
Muthoot Pappachan Group, also known as Muthoot Blue, is an India 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.
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 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]
The Muthoot family is one of the foremost business houses in South India. The family has interests in various sectors of business varying from financial services to media . The founder of the Muthoot Group was M.N. Mathai (who goes by N. Mathai Muthoot), from whom the business house was later taken over by his son, M. George Muthoot ,.
Muthoot Microfin is predominantly owned by Muthoot Fincorp and the Muthoot family, who collectively possess a controlling stake of 71% in the company. In addition, London-based private equity firm GPC (Greater Pacific Capital) holds an ownership interest of 16.6%, [ 24 ] [ 25 ] [ 26 ] while Chicago-based private equity fund Creation Investments ...
[2] [3] DHFL was established to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. [4] The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies ...