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Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. [4] In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins.
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.
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]
Russia's Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow's energy sector as an attempt to harm Russia's economy at the risk of destabilising global markets and said the ...
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).
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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]