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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]
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.
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 ...
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).
In January 2013, Muthoot Finance was awarded The SKOCH Award for Financial Inclusion. [5] M.G George Muthoot was honored with the Distinguished and Outstanding Alumnus of 2015 award instituted by Manipal University. [6] Muthoot was ranked 50th with $1.10 bn in the list of Indian billionaires by Forbes in October 2011. [7]
Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. [4] [5] The Group has 29 businesses including 10 companies listed on the NSE and the BSE.
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.