Muthoot Finance
 |
|
| Public | |
| Traded as | : BSE SENSEX Constituent |
| Industry | Finance |
| Founded | Kerala, India 1939 |
| Headquarters | Kochi, India |
|
Key people
|
M G George Muthoot (Chairman) George Alexander Muthoot (MD) George Jacob Muthoot (Joint Managing Director) George Thomas Muthoot (Joint Managing Director)) |
|
Number of employees
|
30,000 (2012) |
| Website | www |
Muthoot Finance Ltd. is an Indian financial corporation. It is known as the largest gold financing company in the world. 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 at Muthoot Finance Branches. The company's headquarters are located in Kerala, India, and it operates over 4,400 branches throughout the country. Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates. While the company falls under the brand umbrella of the Muthoot Group, its stocks are listed on the (BSE) and . As of March 2012[update], revenue (after expenditure) stood at more than Rs. 23,000 crore ($4.2 billion). The target market of Muthoot Finance includes small businesses, vendors, farmers, traders, SME business owners, and salaried individuals.
Muthoot Finance was founded by M George Muthoot in 1939. Muthoot Finance to enter capital market through IPO route - Economic Times. The company has been licensed by Reserve Bank of India under Section Companies act of 1956 to function as a Non-banking financial company(NBFC) without accepting public deposits and is specifically exempted from the provisions of the Money Lenders Act in Karnataka and other states. The company's gold loan business constitutes more than 99 percent of its total income. its retail loan assets stand at Rs. 23,763 Crs. the total number of shares of Muthoot Finance held by Individuals/Hindu Undivided Family stood at 80.12 percent and the public shareholdings from Mutual Funds/UTI totaled 3.52 percent.
All of the philanthropic activities of Muthoot Finance are conducted through the Muthoot M George Foundation, which also conducts tree plantation drives and offers scholarships to the needy on a regular basis. The company is also involved in various philanthropic initiatives, which focus on education through M George Foundation, environment, health, financial assistance and eco-friendliness. With the assistance of the Credai Clean City Movement, the company is associated with the concept of an E-toilet, which was a public sanitation initiative. Additionally, the company holds regular agricultural seminars by the name of "Ente Adukkalathottum" ("My Kitchen Garden") which educates farmers on the effects of pesticide residues in food and how to counter that for healthier living. It has also been actively involved in helping cancer patients, as well as individuals diagnosed with from kidney diseases, by financially covering medical expenses.
...
Wikipedia