News

Muthoot Finance and Google Pay have partnered to offer Muthoot Finance Gold Loans to Google Pay’s customers on their Consumer and Merchant App.

Muthoot Finance partners with Google Pay!

We are extremely happy to share that Muthoot Finance and Google Pay have announced a special partnership to offer Muthoot Finance Gold Loans to Google Pay’s customers on their Consumer and Merchant App. The objective is to mobilize gold available in Indian households for driving economic activities through key USPs offered by Muthoot Finance, such as affordable interest rates, unmatched flexibility, and a world-class 7-layer safety and security system. The idea is to drive this facility to all Google Pay users across the country, backed by the unmatched trust and reliability of The Muthoot Group.

The partnership was announced at Google for India 2024 on 3rd October 2024 at Pragati Maidan, New Delhi. It was led by the gracious presence of Shri Alexander George Muthoot, Joint Managing Director of The Muthoot Group. Mr. Abhinav Iyer, Sr. GM Marketing & Strategy, and Mr. Aditya Satpute, GM Omni Channel, also attended the event.

The event was also graced by Honourable Union Minister of Culture & Tourism, Shri Gajendra Singh Shekhawat, Government of India, along with the entire senior leadership of Google India.

Muthoot Finance retains India’s #1 Most Trusted Financial Services Brand for the 8th consecutive year as per TRA’s Brand Trust Report 2024

Delhi, March 22, 2024: Muthoot Finance, India's largest Gold Loan NBFC, has achieved a significant milestone by being recognized as India’s No. 1 Most Trusted Financial Services Brand for the 8th consecutive year as per TRA’s Brand Trust Report (BTR) 2024. This recognition reaffirms Muthoot Finance's unwavering commitment to customer centricity and excellence in service delivery.

TRA’s Brand Trust Report, the 13th in its series, is a result of primary research conducted with 2,500 consumer-influencers across 16 cities. The study involved over 6,000 hours of fieldwork and the responses of these consumers to the brand behaviours of trust listed the top 1000 trusted brands in India. The Brand Trust Report celebrates exceptional brands that have found the trust of consumers in India.

Over the years, Muthoot Finance has continually expanded its footprint across the country, establishing a robust network of over 6300 branches PAN India. This extensive presence has enabled the NBFC to provide hassle-free gold loans to over 2.5 lakh customers every day, efficiently catering to their diverse financial requirements. Muthoot Finance’s unwavering dedication to excellence and customer centricity has established itself as a beacon of trust and reliability in the financial services landscape, solidifying its position as a market leader in the gold loan NBFC space.

Since inception, having catered to the diverse financial needs of more than 72 crore customers, including repeat customers, Muthoot Finance stands as a testament to its commitment to financial inclusion, customer empowerment, and service quality. From being a leader in gold loan finance, Muthoot Finance also aims to reinforce its position as a financial services conglomerate by further expanding its presence in microfinance, home loans, personal loans, business loans, vehicle loans and insurance broking to name a few.

Commenting on this remarkable achievement, Mr. Alexander George Muthoot, Joint Managing Director of Muthoot Finance, said, "Muthoot Finance is trusted widely by its customers and we are honored to be recognized as India’s No. 1 Most Trusted Financial Services Brand for the 8th consecutive year since 2016. Our team has been unwavering in the pursuit of enhancing consumer experience to evolve into a customer-centric business organization and this recognition is a testimony for the trust and confidence that millions of our customers place in us. Our success stems from Muthoot Finance’s founding principles of ethics, values, reliability, dependability, trustworthiness, integrity and goodwill and we are committed to abide by them in our journey to offer financial inclusion for millions of Indians. In fact, Muthoot Finance has also been certified as ‘Great Place to Work’ 3 times in a row by the Great Place To Work Institute. We are honored and grateful to be recognized for our efforts and we will continue to support our customers with innovative financial solutions to help them achieve their financial dreams.”

Muthoot Finance engages Mrs. Madhuri Dixit as their Brand Ambassador

We are extremely delighted to share that Muthoot Finance - India's No. 1 Most Trusted Financial Services Brand as per The Brand Trust Report 2022 and the country’s leading Gold Loan NBFC, has signed on the widely loved, multi-talented, highly awarded actress, Mrs. Madhuri Dixit, as its brand ambassador. We also continue to have the legendary Shri Amitabh Bachchan as our brand ambassador.

Sharing the news about this new association Mr. Alexander George Muthoot, Joint Managing Director of The Muthoot Group said:

“We are very delighted to welcome Mrs. Madhuri Dixit Ji to The Muthoot Group family as our Brand Ambassador. We are confident her association with us will greatly help take the brand to much greater heights. We continue to have Shri. Amitabh Bachchan ji as our brand ambassador as well.

Madhuri Ji has for a long period of time demonstrated a strong connection with diverse audiences through her extraordinary performances. She continues to amaze people through her new roles as a producer and a reality show judge. Her immense success and goodwill can be attributed to her work ethics, dedication, integrity, and uncompromising values. Our brand resonates with her on-screen legacy and off-screen image, which makes her a natural and cultural fit for our brand.

Over centuries, Muthoot Finance has transformed people’s lives by empowering their dreams into reality. We have earned people’s trust and confidence over generations of customers. Evidence can be seen in the several true life stories of transformation, from the lives of real people who had availed a gold loan from Muthoot Finance. In 2022, Madhuri Ji had narrated some of these inspiring true stories of real-life Muthoot Finance customers in a radio programme called ‘Muthoot Finance Sunheri Soch Season-2’, which illustrated the unique role of our brand in the lives of people and therefore in nation-building.

Padma Shri Smt. Madhuri Dixit also shared her thoughts on becoming the brand ambassador for the brand. She said:

"Muthoot Finance is India’s Most Trusted Financial Services Brand as certified by The Brand Trust Report 2022 and I am happy to be associated with them. They are a brand with a strong legacy of doing business with values and crores of Indians have transformed their lives after availing of a Gold Loan from Muthoot Finance.”

“Last year, I had the privilege of knowing about some life-changing, real-life success stories of actual Muthoot Finance gold loan customers. I look forward to being a part of this wonderful journey yet again.”

Leading from the front: Mr. Alexander George Muthoot in conversation with Business Today

Mr. Alexander George Muthoot, Deputy Managing Director, The Muthoot Group, talks about carrying forward the 800 years of business legacy of the Muthoot Family through varied CSR initiatives and strong Corporate Governance Practices in conversation with Business Today.

Spearheading Muthoot Finance, the flagship company of The Muthoot Group, towards its relentless march towards greater glory is Mr. Alexander George Muthoot, Deputy Managing Director, The Muthoot Group. Under his dynamic and visionary leadership, The Muthoot Group expanded its operations to international markets such as the USA, UK and UAE. The Group is also present in Sri Lanka, Nepal and Central America (Costa Rica). He has enabled exponential growth in branch networks through innovative marketing strategies and various technology initiatives, benefitting both customers and employees.

As the youngest son of Shri M.G. George Muthoot, Late Chairman of The Muthoot Group, Mr. Alexander George Muthoot joined the family business as a Manager after completing his advanced diploma in business administration from Florida International University and an MBA from Thunderbird University in the USA. His tireless efforts and immense dedication helped him rise through the ranks to become the Deputy Managing Director of the Group.

He is a firm believer in the role of strong corporate governance in present-day business and likes to practice the same in whichever way possible. Some of the many corporate governance practices pioneered by him include a strong Audit Department with over 1100 internal auditors, the use of Statutory Compliance Management Software, Customer Relationship Management Software for customer on-boarding integrated with digital and video KYC, high-tech surveillance system for the safety of customer’s pledged gold and much more that have helped the Group cross some landmark milestones.

The Group serves more than 2.5 Lakh customers every single day. The Trust Research Advisory - India has hailed Muthoot Finance as India's Most Trusted Financial Services Brand for 5 years in a row, from 2016 to 2020. Recently Muthoot Finance has been certified as a 'Great Place to Work' as well.

Mr. Alexander George Muthoot has also championed the cause of diversity at the Group. Over 40,000 employees work with The Muthoot Group today, drawn from all walks of life. More than 30% of the workforce in key branch leadership positions are women.

Corporate Social Responsibility (CSR) and Individual Social Responsibility (ISR) initiatives have been the hallmarks of Mr. Alexander George Muthoot's leadership. He has combined business acumen with the Group’s core values of integrity, honesty and ethics to benefit a large section of the society. Apart from the plethora of noble activities carried out by the Group frequently, it also runs a state-of-the-art Cancer Care Centre called M.G. George Muthoot Cancer Centre at Kozhencherry, Kerala in the fond memory of the Group's Late Chairman Shri M.G. George Muthoot which serves the lesser privileged people of our great nation.

Read the complete Business Today feature at https://bit.ly/TMG-Business-Today

MUTHOOT M. GEORGE EXCELLENCE SCHOLARSHIPS LAUNCHED IN A.P.

Andhra Pradesh 20th November, 2013: Muthoot M. George Foundation launched its Excellence scholarships to the toppers of 10th Standard in Government Schools coming under the Educational Districts of Hyderabad & Secunderabad today. The launch event was inaugurated by Sri Mukesh Kumar Meena, I.A.S., Collector & District Magistrate of Hyderabad along with Mr George M Alexander, Director, The Muthoot Group. The other officials present during this occasion include Mr.R.Venkateswaran, Zonal Manager, Andhra Pradesh, Mr Babu John Malayil, AGM Corporate Communications Muthoot Finance Ltd, Capt.Joseph and Sri.Laxman Rao Sr. Regional Managers Muthoot Finance Ltd, along with the winners of the Award, their parents and School Head Masters. This scholarship will benefit students of 178 Government schools and consists of a certificate and cash prize of Rs.2500/ each. This activity is the extension of program already implemented in Kerala (200 government schools) & Karnataka (210 government Schools). Speaking on this occasion, I.A.S., Collector & District Magistrate of Hyderabad Sri Mukesh Kumar Meena, said “I am happy to be a part of this event today, I am glad an institution like Muthoot Group which has undertaken such an initiative, it truly, depicts their noble objective of doing good for the society, this scholarship program would encourage and motivate our Government school children to excel in their studies in a big way” “Mr. George M Alexander said “Our prime objective of giving these awards is to reach out and encourage the children from the deprived class, who constitute the main student population of Government schools. We will remain duly committed towards our commitment to the community through coming up with various corporate social responsibility in the near future”. About Muthoot M George Foundation Muthoot M George Foundation is, named after Late M George Muthoot, the Founder chairman, of the Muthoot Group, and started functioning in the year 1993. The Foundation’s activities include support to the poor for their medical treatment, marriage of girls & education of children. Also it has projects to encourage Medical Research, and environment friendly life. The activities of the Foundation are broadly divided into four, as below:

Muthoot Environment Research Foundation: To conduct advanced study in Environment preservation & Environment friendly growth.

Projects in the public interest

Relief & Rehabilitation works during and after Natural Calamities & Disasters

Supporting the poor and underprivileged in their miseries in the form of Medical treatment, Marriage of Girls, Professional education of their children etc.

“Life Mein Aagey Badhiye” Marketing Campaign feat. Shri Amitabh Bachchan & Chennai Super Kings Bags Gold at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 Respectively

It is extremely heartening to share that Muthoot Finance’s magnum opus communication for the IPL titled “Life Mein Aagey Badhiye” (Hindi version) and “Vazhkaiyil Munnerungal” (Tamil version) was recently awarded as the Best Marketing Campaign of the Year at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 respectively.

Gaining momentum from the overarching mood of the IPL, our song-dance-music video aimed to deliver our brand’s message of transforming lives by moving ahead in life, power packed suitably to the environment of fun and excitement. With the combination of Nation’s two powerhouses – Shri. Amitabh Bachchan Ji and Shri. MS Dhoni, we aimed at engaging with Bollywood and Cricketing fans across the nation irrespective of which celebrity or IPL team they support.

In this unique, never seen before music video, we brought together the best of the talent to smartly integrate and communicate our various products and services under The Muthoot Group umbrella, in a light hearted and fun way – a rare in the Financial Services industry. Watch the video here

The campaign was amplified extensively on ATL, BTL and Digital mediums across the country for a period of 6 months (two financial quarters).

The video was aired on National Television on leading entertainment channels such as Colours, Sony, Zee, UTV Movies, Star Jalsa, Zee Marathi, Colours Gujrati, Sun TV, Zee Tamil, KTV, Star Vijay, Adithya TV etc., and on popular news channels such as India News, News24, AB News and the likes. On Print, the communication was featured on the front pages of leading dailies like Hindustan Times, Dainik Bhaskar, Navbharat Times, Jagran, Rajasthan Patrika, Gujarat Samachar, ABP, Hindu Tamil, Dinamalar, Dinakaran, Daily Thanthi, among many others.

To complement our ATL efforts, the campaign was popularized on among the masses through various BTL promotional activities and initiatives such as extensive OOH, Bus & Auto Branding, Demo Vans, Road Shows, Merchandize distribution, Wall Paintings, Flea Markets, Kiosks, Auto Announcements etc. covering our North, East, West and South markets.

For Digital Amplification, the campaign was also taken online and promoted extensively through our Group websites, Google, online news sites, OTT platforms and across our social media platforms including Facebook, YouTube, Twitter, Instagram and WhatsApp. Emailers and SMSs were also effectively used to reach out to our customer base and staff members across the Nation.

“Muthoot Vishwaas Ki Tijori” Bags Silver at ABBY Awards 2019, Gold at Golden Mikes Award 2019 & Flame Awards Asia 2019 Respectively

It is extremely heartening to share that Muthoot Finance’s 45-day mega activation effort at the Prayagraj Kumbh 2019 called “Muthoot Vishwaas Ki Tijori” bagged Silver at ABBY Awards 2019 at the recently concluded Goafest, and bagged Gold at the Golden Mikes Award, 2019, and Flame Awards Asia 2019 respectively. Mr. Abhinav Iyer, Deputy General Manager (Marketing & Strategy) accepted the award on behalf of the brand.

Partnered with Radio Mirchi, Muthoot Vishwaas Ki Tijori offered technology-enabled, free locker services for all devotees. This is for the first time in the history of Kumbh that locker services were being offered to all visitors to keep their personal belongings safe before they proceeded to have their holy dip.

Kumbh 2019 was the largest congregation of human beings on planet Earth with more than 24 Crore people converging at Prayag this year. It was observed that often people coming for Kumbh find it a major challenge to keep their valuables safely, before they could have a holy dip. They often leave their personal belongings unattended on the banks of the river and find it hard to focus or enjoy in having a peaceful holy dip.

Identifying this problem, Muthoot Finance decided to leverage on its core asset of “Trust” and offer a unique solution.

Having served over 60 crore customers since inception (including repeat customers), the brand decided to offer a unique locker service, free of cost for all pilgrims. Powered by a specially designed mobile App, online e-KYC was done while availing this service, photographs of their belongings were taken and a physical confirmation document along with the photograph of their belongings was also given to them, providing them an added layer of assurance.

The lockers were also equipped with 24x7 CCTV surveillance systems, security guards, metal detectors, alarm systems, fire extinguishers and other essentials to ensure their belongings are absolutely safe and secure.

On their return, their belongings and identity were re-verified and handed over to them in the same pristine condition with utmost respect. To sweeten their experience, all their belongings were returned in Muthoot branded biodegradable non-plastic bags along with some interesting goodies.

To add to this, the exterior design and overall look & feel of the locker too were like that of an actual golden vault, which by itself became a spectator’s delight.

During the activation, more than 10,000 beneficiaries availed this free service thereby letting more than 50,000 family members have a peaceful holy dip during their Kumbh visit.

In addition to the above, innovative Muthoot Boat Services were also introduced for ferrying people from the river bank to the Sangam and back. Free transit shelter homes were also organized at multiple city locations for countless devotees to have a peaceful overnight stay at no cost. And for those overseas visitors who converged at Prayag for experiencing the divinity & largeness of Kumbh, there was Muthoot Forex helping them with instant foreign exchange services. All in all, Muthoot Finance brought smiles to the faces of thousands by their small gestures.

Muthoot Vishwaas Ki Tijori” Bags Silver at ABBY Awards 2019 & Gold at Golden Mikes Award 2019

It is extremely heartening to share that Muthoot Finance’s 45-day mega activation effort at the Prayagraj Kumbh 2019 called Muthoot Vishwaas Ki Tijori bagged Silver at ABBY Awards 2019 at the recently concluded Goafest, and bagged Gold at the Golden Mikes Award, 2019. Mr. Abhinav Iyer, Deputy General Manager (Marketing & Strategy) accepted the award on behalf of the brand. Partnered with Radio Mirchi, Muthoot Vishwaas Ki Tijori offered technology-enabled, free locker services for all devotees. This is for the first time in the history of Kumbh that locker services were being offered to all visitors to keep their personal belongings safe before they proceeded to have their holy dip.

Kumbh 2019 was the largest congregation of human beings on planet Earth with more than 24 Crore people converging at Prayag this year. It was observed that often people coming for Kumbh find it a major challenge to keep their valuables safely, before they could have a holy dip. They often leave their personal belongings unattended on the banks of the river and find it hard to focus or enjoy in having a peaceful holy dip.

Identifying this problem, Muthoot Finance decided to leverage on its core asset of “Trust” and offer a unique solution.

Having served over 60 crore customers since inception (including repeat customers), the brand decided to offer a unique locker service, free of cost for all pilgrims. Powered by a specially designed mobile App, online e-KYC was done while availing this service, photographs of their belongings were taken and a physical confirmation document along with the photograph of their belongings was also given to them, providing them an added layer of assurance.

The lockers were also equipped with 24x7 CCTV surveillance systems, security guards, metal detectors, alarm systems, fire extinguishers and other essentials to ensure their belongings are absolutely safe and secure.

On their return, their belongings and identity were re-verified and handed over to them in the same pristine condition with utmost respect. To sweeten their experience, all their belongings were returned in Muthoot branded biodegradable non-plastic bags along with some interesting goodies.

To add to this, the exterior design and overall look & feel of the locker too were like that of an actual golden vault, which by itself became a spectator’s delight.

During the activation, more than 10,000 beneficiaries availed this free service thereby letting more than 50,000 family members have a peaceful holy dip during their Kumbh visit.

In addition to the above, innovative Muthoot Boat Services were also introduced for ferrying people from the river bank to the Sangam and back. Free transit shelter homes were also organised at multiple city locations for countless devotees to have a peaceful overnight stay at no cost. And for those overseas visitors who converged at Prayag for experiencing the divinity & largeness of Kumbh, there was Muthoot Forex helping them with instant foreign exchange services.

All in all, Muthoot Finance brought smiles to the faces of thousands by their small gestures.

“Life Mein Aagey Badhiye” Marketing Campaign feat. Shri Amitabh Bachchan & Chennai Super Kings Bags Gold at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 Respectively

It is extremely heartening to share that Muthoot Finance’s magnum opus communication for the IPL titled “Life Mein Aagey Badhiye” (Hindi version) and “Vazhkaiyil Munnerungal” (Tamil version) was recently awarded as the Best Marketing Campaign of the Year at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 respectively.

Gaining momentum from the overarching mood of the IPL, our song-dance-music video aimed to deliver our brand’s message of transforming lives by moving ahead in life, power packed suitably to the environment of fun and excitement. With the combination of Nation’s two powerhouses – Shri. Amitabh Bachchan Ji and Shri. MS Dhoni, we aimed at engaging with Bollywood and Cricketing fans across the nation irrespective of which celebrity or IPL team they support.

In this unique, never seen before music video, we brought together the best of the talent to smartly integrate and communicate our various products and services under The Muthoot Group umbrella, in a light hearted and fun way – a rare in the Financial Services industry. Watch the video here

The campaign was amplified extensively on ATL, BTL and Digital mediums across the country for a period of 6 months (two financial quarters).

The video was aired on National Television on leading entertainment channels such as Colours, Sony, Zee, UTV Movies, Star Jalsa, Zee Marathi, Colours Gujrati, Sun TV, Zee Tamil, KTV, Star Vijay, Adithya TV etc., and on popular news channels such as India News, News24, AB News and the likes. On Print, the communication was featured on the front pages of leading dailies like Hindustan Times, Dainik Bhaskar, Navbharat Times, Jagran, Rajasthan Patrika, Gujarat Samachar, ABP, Hindu Tamil, Dinamalar, Dinakaran, Daily Thanthi, among many others.

To complement our ATL efforts, the campaign was popularized on among the masses through various BTL promotional activities and initiatives such as extensive OOH, Bus & Auto Branding, Demo Vans, Road Shows, Merchandize distribution, Wall Paintings, Flea Markets, Kiosks, Auto Announcements etc. covering our North, East, West and South markets.

For Digital Amplification, the campaign was also taken online and promoted extensively through our Group websites, Google, online news sites, OTT platforms and across our social media platforms including Facebook, YouTube, Twitter, Instagram and WhatsApp. Emailers and SMSs were also effectively used to reach out to our customer base and staff members across the Nation.

“Muthoot Vishwaas Ki Tijori” Bags Silver at ABBY Awards 2019, Gold at Golden Mikes Award 2019 & Flame Awards Asia 2019 Respectively

It is extremely heartening to share that Muthoot Finance’s 45-day mega activation effort at the Prayagraj Kumbh 2019 called “Muthoot Vishwaas Ki Tijori” bagged Silver at ABBY Awards 2019 at the recently concluded Goafest, and bagged Gold at the Golden Mikes Award, 2019, and Flame Awards Asia 2019 respectively. Mr. Abhinav Iyer, Deputy General Manager (Marketing & Strategy) accepted the award on behalf of the brand.

Partnered with Radio Mirchi, Muthoot Vishwaas Ki Tijori offered technology-enabled, free locker services for all devotees. This is for the first time in the history of Kumbh that locker services were being offered to all visitors to keep their personal belongings safe before they proceeded to have their holy dip.

Kumbh 2019 was the largest congregation of human beings on planet Earth with more than 24 Crore people converging at Prayag this year. It was observed that often people coming for Kumbh find it a major challenge to keep their valuables safely, before they could have a holy dip. They often leave their personal belongings unattended on the banks of the river and find it hard to focus or enjoy in having a peaceful holy dip.

Identifying this problem, Muthoot Finance decided to leverage on its core asset of “Trust” and offer a unique solution.

Having served over 60 crore customers since inception (including repeat customers), the brand decided to offer a unique locker service, free of cost for all pilgrims. Powered by a specially designed mobile App, online e-KYC was done while availing this service, photographs of their belongings were taken and a physical confirmation document along with the photograph of their belongings was also given to them, providing them an added layer of assurance.

The lockers were also equipped with 24x7 CCTV surveillance systems, security guards, metal detectors, alarm systems, fire extinguishers and other essentials to ensure their belongings are absolutely safe and secure.

On their return, their belongings and identity were re-verified and handed over to them in the same pristine condition with utmost respect. To sweeten their experience, all their belongings were returned in Muthoot branded biodegradable non-plastic bags along with some interesting goodies.

To add to this, the exterior design and overall look & feel of the locker too were like that of an actual golden vault, which by itself became a spectator’s delight.

During the activation, more than 10,000 beneficiaries availed this free service thereby letting more than 50,000 family members have a peaceful holy dip during their Kumbh visit.

In addition to the above, innovative Muthoot Boat Services were also introduced for ferrying people from the river bank to the Sangam and back. Free transit shelter homes were also organized at multiple city locations for countless devotees to have a peaceful overnight stay at no cost. And for those overseas visitors who converged at Prayag for experiencing the divinity & largeness of Kumbh, there was Muthoot Forex helping them with instant foreign exchange services. All in all, Muthoot Finance brought smiles to the faces of thousands by their small gestures.

Sh. George Alexander Muthoot addressed the gathering at the Indian Business Conference held at Columbia Business School.

Sh. George Alexander Muthoot addressing the gathering in the Indian Business Conference held at Columbia Business School. Topic :'Corporate governance and transformation from a family owned business to a public enterprise'

On April 20th, The Indian Express New York covered Sh. George Alexander Muthoot's address on 'Corporate governance and transformation from a family owned business to a public enterprise' to the gathering at the Indian Business Conference held at Columbia Business School.

Sh. George Alexander Muthoot elaborated on the topic by explaining the benefits of sound Corporate Governance in family businesses by citing examples of various Indian and International family businesses that have benefited by corporate governance and grown in their respective industries. His speech talked about the stats that prove that in USA, around 5.5 million family businesses contribute to 57% of the GDP of the Country and employ 63% of the Country's workforce. Few examples of such giants are Wal-Mart, Ford, Carrefour, BMW, Samsung & Motorola.

He talked about his family business, Muthoot Finance Ltd., which is an NBFC that extends credit against the security of Gold mainly to households and small businesses. He took the gathering through the journey of the Company and how through continuous efforts, they have extended their presence to areas where access to organized credit facilities were limited or nil. Even though there are quite a few techies and young entrepreneurs using the Company's services, as a lender to the common man, it is essential that the Company remain continually sensitive to their changing needs and plan how best to secure the interests of shareholders, customers, employees and host community without jeopardizing any party's interests. He declared that the best tool at their disposal for securing sound business practices to achieve these ends is Corporate Governance.

He also mentioned that Innovation at any dynamic organization is a daily affair, and Corporate Governance is a facilitating factor in achieving this. Corporate mis-governance on the other hand, has resulted in the failure of large companies across the world. Unless the corporates are themselves focused on ensuring good governance, no regulator can assure the compliance of this in spirit. Only consistently good governance can build a credible brand and earn good valuation in the stock market. Sustained growth can only be nurtured in an atmosphere of trust among the stake holders which can only be ensured through sound corporate governance.

He said that corporate governance in family businesses helps them to invite investment and talent, decide on right roles, evaluate performance & strategies, assure objectivity, continuity and fair play while ensuring stakeholders' interests and also help in effective succession planning. This adds values to the business and also maintains family harmony.

He concluded by saying that ultimately, the governance norms set by Family or Public companies have to be evaluated against its efficacy in achieving its objectives. If the norms facilitate the Board to achieve corporate objectives, the company has sound governance policies but otherwise, the organization must introspect on the necessity for change and bring in better practices.

The Muthoot Group flags off its Golden Bat for IPL 6 season

Kochi, 10th April 2013: The Muthoot Group, one of India’s leading and diversified business conglomerates flagged off its Golden Bat as part of their Corporate Social Responsibility initiative undertaken for the 6th IPL session association with Delhi Daredevils association.

The flag off event was inaugurated by Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd, along with Mr. George M Jacob, Director, Muthoot Group, Mr K R Bijimon, Chief General Manager, Muthoot Finance Ltd, Mr Cherian Peter, Chief Marketing Officer, Muthoot Finance Ltd and other senior officials.

The Golden Bat is 25X6 feet in size and will travel across India, especially to areas where Delhi Daredevils will be playing; the southern cities which it would travel include Bangalore, Chennai and Hyderabad etc. The people irrespective of their favorite teams will be asked to sign on the bat and Muthoot Group will donate a certain amount of money for each signature present on the bat to an NGO for the education of underprivileged kids of slum.

Speaking on the occasion Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd said: “The core idea behind such an initiative is to encourage and build an emotional connect with the people across the country and to join together in empowering the underprivileged through education”.

ABOUT THE MUTHOOT GROUP

The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.

Today, Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 126 years. The formidable business empire comprises of 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle & Asset Finance, Travel Services, Muthoot Global and Muthoot Money.

Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

Muthoot Finance launches Its Western Union Counter

Kochi, April 9, 2013 : Muthoot Finance Ltd, India’s largest gold loan company launched its exclusive Western Union counter at crown plaza building, Kottayam today. The counter was inaugurated by Ms Diane Scott, Executive Vice President, and Chief Product and Marketing officer of Western Union along with, Shri George Thomas Muthoot, Joint Managing Director Muthoot Finance Ltd, Mr K R Bijimon, Chief General Manager, Muthoot Finance Ltd and Mr Jose Allesh, Head – Money Transfer Division, Muthoot Finance Ltd.

The other dignitaries who graced this occasion includes , Mr Paul Bansal, Chief Managing Director, Paul Merchants Ltd, Ms Aruna Singh, Country Head Paul Merchants Ltd, Mr Rajneesh Bansal, Executive Director, Pual Merchants Ltd, Mr Micheal Hafer, Sr Vice President, Global Prepaid Stored Value, Western Union and Mr Kiran Shetty, Regional Vice President, Western Union.

Inaugurating the event Mr George Thomas Muthoot, Joint Managing Director Muthoot Finance Ltd said “This is truly a very big achievement for our company and we plan to open around 50 exclusive Western Union counter all across India during this financial year, which will help in promoting Western Union Money transfer business in a large way”

About Muthoot Finance Ltd - Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala.

Operating history of Muthoot Finance has evolved over a period of 73 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. Company is listed on both National Stock Exchange and Bombay Stock Exchange.

For More Information Please Contact
Babu John Malayil, Muthoot Finance Ltd, Email: babujohn@muthootgroup.com Contact: 0484- 2396478	Rama Naidu, Adfactors Public Relations Pvt Ltd Email: rama.naidu@adfactorspr.com Contact: 9920209623

Chairman of Muthoot Group Conferred With ‘Maulana Jamil Ilyasi Excellence Award’

Chairman of Muthoot Group Conferred With ‘Maulana Jamil Ilyasi Excellence Award’for his contribution in developing financial services. The award was presented by Mr. TKA Nair, Advisor to the Prime Minister of India and was received by Mr. R.M Diwan (GM-HR) on Chairman sir’s behalf. The award ceremony took place on August 19, 2013 at the India Islamic Centre, New Delhi

The Maulana Jamil Ilyasi Excellence award is in remembrance of the Late Maulana Jamil Ilyasi, founder of the All India Organization of Imams of Mosques. The award was an initiative to recognize those individuals who have not only contributed to the development of their respective fields but have gone that extra mile to help in the advancement of our motherland, India.

The award program was constituted and is supported by one of the most rigorous assessment processes based on the RSM (Rigorous Scrutiny Model). An eminent jury of Mr. Wajahat Habibullah (Chairperson, National Commission for Minorities), Mr. Ajit Prasayat (Former Justice Supreme Court), Dr. Mohsin Wali (Physician to Honorable President of India), Mr. Aziz Burney (eminent journalist) and Mrs. Mehzbeen Nouman (eminent social worker) selected the Winners.

Other individuals who were given awards were:

1. Ms. Saina Nehwal for excellence in Sports

2. Mr. Mangu Singh for excellence in Engineering and Technology

3. Ms Shabnam Hashmi for selflessly serving the society

4. Ms. Zohra Chatterjee for being an inspiration to young women as a bureaucrat

5. Mr. Sanjeev Bhatt for developing community relations

6. Mr. Parvez Dewan for inspiring young men as a bureaucrat

7. Ms. Amal Allana and Mr. Amir Raza Hussain for promoting arts and culture

8. Ms Anuradha Prasad for raising issues of minorities and backward classes in the media

9. Mr Harish Choudhry, MP, for excellence in representing his constituency earnestly

10. Mr SY Siddiqui for effectively managing a business crisis in his company Maruti

11. Mr. Ballo Bhai for a person from Minority community excelling in business

12. Mr. RK Tyagi for excellence in taking a PSU to new heights

13. Mr. Dushyant Chautala for being an emerging political leader fighting for the cause of farmers and youth

14. Mr. Vijay Kumar for policing and professional ethics

15. Dr Mohsin Wali for excellence in the field of health

16. Mr. Jawhar Sircar for his contributions in the media industry

17. Dr. Bhavna Sirohi for her contributions in the health sector

18. Mr. Mohan Lal Sehajpal, Director Pearl Infra Project Ltd, for his contribution in Infrastructure Development

Muthoot Haathi Mera Saathi – educational initiative’ Reaches Jharkhand Slums

Ranchi:Smt Vandana Dadel (Secretary-Arts, Culture, Sports and Youth Affairs, Government of Jharkhand, and Divisional Commissioner, South Chhota Nagpur Division, Ranchi) formally inaugurated the‘Muthoot Haathi Mera Saathi’,a Muthoot Group CSR initiative towards the education of the underprivileged kidsat a launch event in Ranchi today.The initiative is in association with Magic Bus NGO.

Present on the occasion were Mr.Avinav Chaubey (AGM-Marketing, Muthoot Group),CH. N.C Das (Regional Manager-Bhubaneswar, Muthoot Group), Mr. Avik Swarnakar (State Head, Magic Bus), community kids with their parents among others.

The objective of the initiative is to provide the underprivileged kids an overall growth in 5 key areas: (1) Right to Education, (2) Promoting Better Health & Hygiene, (3) Ensuring the Right to Play, (4) Promoting Gender Inclusion & Empowerment and (5) Developing youth as Community Leaders. The initiative, managed by our NGO partner Magic Bus, will directly benefit 1000 under-privileged children from Latma, Hatma, Ghagra, Harmu and Jorar villages of Jharkhand.

Speaking on the initiative,Avinav Chaubey (AGM-Marketing, Muthoot Group)said: “Education is essential for a child's development ensure that young people make the right choices from childhood all the way through to gainful employment. One of our social purposes is to make significant contributions towards an equitable and sustainable society and we aim to do this by imparting and enhancing the quality of education among the lesser privileged children and thus ,catalyzing systemic change in the society's. I am glad we are doing our part in creating awareness and empowering the child in the Jharkhand region which has low literacy rate.”

Magic Bus will be imparting training programs for two weeks on a rotational basis for each of the 5 key areas eg: in the first two weeks of August, Magic Bus will focus to instill ‘Right to Education’ objective among the children and community members. After two weeks, ‘Promoting better health and hygiene’ objective among the children and community members will be instilled and so forth. Thus, the aim towards each quarter will be to ensure all the 5 objectives are instilled/taught among the children and community members.

The event kick-started by Smt. Vandana Dadel and Mr.Avinav Chaubey (AGM-Marketing, Muthoot Group),witnessed a football match between the Magic Bus children. The launch also witnessed a cultural performance by the Magic Bus children.

About The Muthoot Group

The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management-Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director)has broadened its scale and widened its geographic scope of retail operations. Today, The Muthoot Group is a diversified business conglomerate that has been serving the nation for over 126 years. The formidable business empire comprises of 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle & Asset Finance, Travel Services, Muthoot Global and Muthoot Money. Headquartered in Kochi and having its Corporate Office in New Delhi, the company has dominant presence inover 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

George Alexander Muthoot is Dhanam Businessman of the Year 2012

KOCHI: May 22, 2013: Mr. George Alexander Muthoot, Managing Director of The Muthoot Group, has been selected the ‘Dhanam Businessman of the Year 2012’. Muthoot Finance, led by George Alexander, is the flagship company of India’s celebrated Muthoot Group. The Group has carved a niche in sixteen different sectors ranging from financial services to healthcare, and George has played pivotal role in the overall success of the company, the award Jury has evaluated. The fact that the company, under his astute leadership reaped a highly impressive profit in the year 2012-13, overcoming all hurdles of a difficult economic situation in the country, reinforces the decision of the Jury who selected him for the prestigious Dhanam award, said Kurian Abraham, Editor and Managing Director of Dhanam Publications, in a press meet organised to announce the awards. The UAE-based businessman Faisal E. Kottikollon, who is the Founder Chairman of KEF Holdings, has bagged the Dhanam NRI Businessman of the Year Award for the year 2012. Within a short period, the industrial valve and steel casting factory established by him in the UAE could get into the list of the world’s top three companies in that sector thanks to his leadership and the innovative technology employed by him. The community center set up by utilizing the profit of his company has been instrumental in refining the living standards of the workers of his own company as well as other companies functioning at the Hamriya Free Zone in Sharjah. Even in the thick of business expansion activities, Faisal found time to support humanitarian causes through his organization named Faisal and Shabana Foundation. He contributed Rs 10 crore for the renovation of the 114-year old Government Girls School at his hometown Nadakkavu, Kozhikode, with top-class facilities.

Through KEF Company Ltd, his new venture, Faisal is gearing up for a comprehensive investment plan which will benefit the infrastructure, healthcare, education, hospitality, agriculture and sports sectors across India and the UAE. The Dhanam Business Professional of the Year 2012 Award has gone to M.S.A Kumar, Managing Director of A.V.T. Natural Products Ltd, based in Ernakulam. AVT Natural Products Ltd and AVT McCormick Ingredients Pvt. Ltd, under the A.V. Thomas Group have achieved unprecedented growth under the competent leadership of M.S.A Kumar. His continued hard work and entrepreneurial excellence have won A.V.T Natural Products Ltd a spot among the world’s best 200 companies in the Asia Pacific Region, as enlisted by the Forbes Magazine.

P.V Mini, Executive Director of P.V.S. Memorial Hospital, the newly-established super specialty hospital of international standard in Kochi, has been selected Dhanam Woman Entrepreneur of the Year 2012. Justin Joseph, Managing Director of Sirex Designer Tiles India Pvt Ltd, based in Thodupuzha has been chosen for the Dhanam Emerging Entrepreneur of the Year 2012. The award winners have been selected by a Jury of eminent personalities such as Mr. Venugopal C. Govind, renowned financial expert and chartered accountant, Dr.V.A Joseph, CEO and Managing Director of South Indian Bank, M.K Das, Senior Journalist, besides Mr. C.J George and Mr. V.K Mathews. former winners of the Dhanam Businessman of the Year awards.

The Awards will be presented to the winners on June 7, 2013, at a grand function organised as part of the Dhanam Business Summit and Award Night 2013, at the Le Meridian, Kochi. The function will be graced by the Chief Guest Mr. P.K Kunhalikutty, Hon’ble Minister for Industry and IT, Government of Kerala. He will also distribute the Dhanam Businessman of the Year Award. South Indian Bank is the main sponsor of this event organized by Dhanam to encourage and honor outstanding entrepreneurs of Kerala. The summit will see the release of the book ‘Top Business Families of Kerala’, featuring leading family business enterprises in Kerala, published by Dhanam. There will also be a special talk on The opportunities and challenges of family businesses in India by Prof. Parimal Merchant, Director, Centre for Family Managed Business, S.P Jain Institute of Management and Business, Mumbai. This year’s theme of the summit is ‘High-performance Leadership’ and the key note speech will be delivered by an expert speaker of national renown. Abraham Thariyan, Executive Director of South Indian Bank, will also speak on the occasion. “The summit will also have an exclusive interactive session with the Minister and the awardees,” informed Kurian Abraham. Maria Abraham, Associate Editor of Dhanam, and R. Surendran, General Manager (Marketing), also participated in the press conference.

Muthoot Group Wins Golden Peacock for HR Excellence

Muthoot Finance Ltd honored with Golden Peacock Award for ‘HR Excellence ’

Kochi, 02 October, 2013: India's leading Gold Loan Company Muthoot Finance ltd has been bestowed with the prestigious Golden Peacock Awards for ‘HR Excellence’ for the year 2013' at a glittering function held at , Hotel The Tower – A Guoman Hotel, London,, United Kingdom. The Rt.Hon. Baroness Verma, Parliamentary Under Secretary of State for Energy & Climate, Govt of United Kingdom presented the award to Mr. George M Jacob, Director, Muthoot Group.,

The other dignitaries present on the occasion were Mr Milind Kangle, Group CEO, Lycamobile United Kingdom, and Lt Gen J S Ahluwalia, PVSM (Retd), President, Institute of Directors, India. Commenting on this auspicious occasion, Mr. George M Jacob said, “We are extremely honored to receive the prestigious Golden Peacock Award for ‘HR Excellence ’. This award reiterates our dedication to make a positive difference in the lives of passionate employees working in our organization. We hope that we are able to motivate and enable them to participate in the long term growth and financial success of the organization, which would in turn help in developing a greater sense of ownership with the organization”. Golden Peacock Award recognizes the continuing commitment by business to conduct itself ethically and contribute to economic development while improving the quality of life of the work force, their families as well as of the local community and society at large. Muthoot Finance has aligned its business with various HR friendly policies in place to provide a predictable and favorable climate for investment and trade About Muthoot Finance Ltd
.Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” head quartered in the southern Indian state of Kerala.

Operating history of Muthoot Finance has evolved over a period of 70 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal and business loans secured by gold jewellery. Gold Loans are primarily given to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or

to whom credit may not be available at all to meet unanticipated or other short-term liquidity requirements. The company is listed on both National Stock Exchange and Bombay Stock Exchange.

Muthoot M George Excellence Scholarships Launched in Karnataka

Bangalore, 27th July, 2013:Muthoot M. George Foundation launched its Excellence scholarships to the topers of 10th Standard in Government Schools coming under the Educational Districts of Karnataka region today.

The launch event was inaugurated by Shri K J George, Home Minister of Karnataka along with Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd. The other officials present during this occasion include Mr George Muthoot Alexander, Vice President - Operations South, Muthoot Finance Ltd. Mr Babu John Malayil, AGM Corporate Communications Muthoot Finance Ltd, Mr B Karunakara Shetty, Regional Manager Muthoot Finance Ltd, North Bangalore, and Mr Mathunny, Sr Regional Manager Muthoot Finance Ltd, South Bangalore along with parents and teachers.

This scholarship will benefit students of 210 Government schools and consists of a certificate and cash prize of Rs.2500/ each. This activity is the extension of program already implemented in Kerala government schools.

Speaking on this occasion Hon K J Gorge said “I am happy to be a part of this event today, I am glad an institution like Muthoot Group which has undertaken such an initiative, it truly, depicts their noble objective of doing good for the society, this scholarship program would encourage and motivate our Government school children to excel in their studies in a big way”

“Mr. George Alexander Muthoot said “Our prime objective of giving these awards is to reach out and encourage the children from the deprived class, who constitute the main student population of Government schools. We will remain duly committed towards our commitment to the community through coming up with various corporate social responsibility in the near future”

About Muthoot Group:

The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company under the leadership of its key management -Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director)has broadened its scale and widened its geographic scope of retail operations.

Today, Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 126 years. The formidable business empire comprises of 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle & Asset Finance, Travel Services, Muthoot Global and Muthoot Money.

Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence inover 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

About Muthoot M George Foundation

Muthoot M George Foundation is, named after Late M George Muthoot, the Founder chairman, of The Muthoot Group, and started functioning in the year 1993. The Foundation’s activities include support to the poor for their medical treatment, marriage of girls & education of children. Also it has projects to encourage Medical Research, and environment friendly life. The activities of the Foundation are broadly divided into four, as below:

1) Muthoot Environment Research Foundation: To conduct advanced study in Environment preservation & Environment friendly growth.

2) Projects in the public interest

3) Relief & Rehabilitation works during and after Natural Calamities & Disasters

4) Supporting the poor and underprivileged in their miseries in the form of Medical treatment, Marriage of Girls, Professional education of their children etc.

Muthoot Finance bags IT innovation award under BFSI category

Kochi, 9thOctober, 2013: India’s leading Gold Loan Company Muthoot Finance Ltd received the Express Intelligent Enterprise award for IT innovation under the Banking & Financial Services & Insurance category for the year 2013, for it’s in-house developed "Core Banking Solution” implemented across its 4400 plus branches under a centralized platform.

The award was received by Mr. K N C Nair, CIO, The Muthoot Group, from Mr. K Bhaskar, Director, Cannon Inc, during the 11th edition of Express Technology Senate, held at Abu Dhabi.

The award signifies the innovative IT initiatives that the company has undertaken with definite business advantage and recognition to leverage technology in order to secure a clear competitive edge.

Commenting on this auspicious occasion, Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd said “Muthoot Finance Ltd has been a pioneer in using latest technologies for enhancing customer convenience and operational efficiencies in tune with the company’s business strategies. The transition to the CBS platform helps us to attain effective centralized control and better efficiencies. This award is indeed special to us as it recognizes our company’s leadership and success in technology infusion and innovation”.

On receiving the accolade, Mr. K N C Nair said “The absorption of latest technology has brought in a transformational change in the organization providing our customer’s real-time, online transactions on a centralized web based platform. The new solution enables us to design unique products and services to the customers as per their specific needs. It is recognition to the efforts put in by the innovative in-house IT team behind the development of the powerful, flexible and user friendly CBS solution which is extremely cost effective too".

About Muthoot Finance Ltd

Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala.

Operating history of Muthoot Finance has evolved over a period of 74 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal and business loans secured by gold jewellery. Gold Loans are primarily given to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all to meet unanticipated or other short-term liquidity requirements.

The company is listed on both National Stock Exchange and Bombay Stock Exchange.

Kapil Dev Felicitates the Winners of the Paul George Memorial Tournament

A unique Under-16 T20 Cricket Series for Marginalised Students from Government-aided Schools in Delhi

New Delhi: Kapil Dev, Former Indian Cricket Team Captain, felicitated the winners of the Paul George Memorial Tournament yesterday. The tournament was organised by Muthoot Group, one of India’s largest financial groups, at St. George’s School in Alaknanda, New Delhi.

Present at the finale were Mr. M.G George Muthoot (Chairman, Muthoot Group), Dr. Sara George Muthoot (Principal, St. George’s School), Mr. Alexander George Muthoot (Director, Muthoot Group), Mrs. Mihika Mathew Alexander (Vice President-Operations, St. George’s School), cricket coach Udey Gupte, Ms. Ritu Sidana (Administrator – Sports Academy), Muthoot officials, St. George’s School teachers, students and other dignitaries.

The 14 day U-16 T-20 cricket tournament that ended yesterday saw a feisty performance by Navyug School, Sarojini Nagar who beat DAV School, Pusa Road by 46 runs. Best Batsman was awarded to Master Vishal Singh of Navyug School, Sarojini Nagar (333 runs), Best Bowler award went to Master Harshit Tiwari of Navyug School, Sarojini Nagar (13 Wickets) and Best All Rounder was conferred to Master Sanjit Tushid of DAV Pusa Road (301 Runs & 15 Wickets).

Other highlights of the tournament include hat-tricks scored by Master Harshit Tiwary (Navyug School, Sarojini Nagar), Master Robin (Harcourt Butler Senior Secondary School, Mandir Marg), Master Md Sartaj (Govt. Boys Sr. Sec. School, Tuglakabad-2), Master Vishal (Navyug School, Sarojini Nagar), Master Haider (Govt. Boys Sr. Sec. School, Bhajanpura). Two students – Master Vishal Singh (Navyug School, Sarojini Nagar) and Master Sanjeet Tushid from D.A.V. Pusa road scored century’s.

Schools who scored over 200 runs in the tournament include Harcourt Butler Senior Secondary School (207), Navyug School (215), D.A.V. Pusa road (257). The winning team was awarded with the winner’s trophy and cash prize of Rs 50,000. The runner up team was also awarded with a trophy and cash prize of Rs 25,000. One best player from each of the 16 school teams was awarded an educational scholarship of Rs 10,000 and an opportunity of free coaching at St. George’s Sports Academy for a year. Other awards include 14 Man of the Matches and Certificates to all participants.

Started in 2012, PGMT was constituted in the memory of Late Paul M George, Executive Director, Muthoot Group who was an avid sportsman with a zeal to encourage sporting talent amongst Indian youth, especially marginalized children. The tournament has been designed as a sports platform for the government-aided school students to showcase their passion and develop their talents on the Cricket field. In its second year, the exciting under-16 Twenty 20 cricketing extravaganza has already doubled its scale from 128 students from 8 Delhi Government- aided schools last year to 256 students from 16 Delhi Government-aided schools this year.

Virender Sehwag Inaugurates Second Season of Muthoot Group’s Paul George Memorial Tournament

A unique Under-16 T20 Cricket Series for Marginalized Students from Government-aided Schools in Delhi

14 day cricketing action to witness participation of 256 students from 16 Government-aided schools in Delhi

Winner & runner-up teams to be rewarded with cash prizes worth Rs. 50,000 and Rs. 25,000 respectively
Best player from each team to be awarded an educational scholarship amount of Rs. 10,000 and free coaching at St. George’s Sports Academy for a year
Coaching under the aegis of well-known cricket coach Udey Gupte

New Delhi, October 14, 2013: One of the most aggressive Indian cricketers, Virender Sehwag today inaugurated the second season of ‘Paul George Memorial Tournament’. The tournament is being- organized by Muthoot Group, one of India’s largest financial groups, at St. George’s School in Alaknanda, New Delhi.

Present on the inaugural ceremony were Dr. Sara George Muthoot (Principal, St. George’s School), Mr. Alexander George Muthoot (Director, Muthoot Group), Mrs. Mihika Mathew Alexander (Vice President-Operations, St. George’s School), cricket coach Udey Gupte,Ms. Ritu Sidana (Administrator – Sports Academy), Muthoot officials, St. George’s School teachers and students and other dignitaries.

Paul George Memorial Tournament (PGMT), an under-16 T20 cricket tournament, aims to promote cricket at grass-root level in the country. The tournament will see the participation of 256 students from 16 government-aided schools of Delhi. The two-week tournament will be held under the aegis of well-known cricket coach Udey Gupte and will culminate on October 27, 2013 with its finale at St. George’s School in Alaknanda, New Delhi.

Speaking on the occasion, Virender Sehwag said, “It gives me immense pleasure to be part of Paul George Memorial Tournament. Sports is all about love and passion but one should also try to balance studies and sports in life."

Commenting on the occasion, Mr. Alexander George Muthoot, Director, Muthoot Group said, “One of the most effective measures to ensure a better future for our country is by empowering the next generation through better education. Paul George Memorial Tournament - the flagship CSR initiative of ‘Muthoot Haathi Mera Saathi’ programme was constituted in the memory of my brother Paul M George. Paul was an ardent sportsman and wanted to promote cricket at grass root level in the country. Taking his dream forward, our aim, through this sports platform, is to harness the capabilities of marginalized students in the field of sports and explore their talent. Thereby, providing them an opportunity to showcase as well as further refine their cricketing skills through training under renowned coaches at the St. George’s Sports Academy. We also encourage further education by awarding educational scholarships to the best players.”

PGMT’s winner & runner-up teams will be awarded cash prizes worth Rs. 50,000 and Rs. 25,000 respectively. The best player from each participating team will be awarded an educational scholarship of Rs. 10,000 and free coaching at St. George’s Sports Academy for a year.

A large gathering of spectators witnessed the opening ceremony and the inaugural match that was played between Hrcourt Butler Senior Secondary School, Mandir Marg and Ramjas Sr. Sec. School, No. 2. Other teams participating in the tournament are Shafiq Memorial Sr. Sec School (Bara Hindu Rao), Navyug Sarojni Nagar, Govt. Boys Sr. Sec. School (Link Road, Karol Bagh), Govt. Boys Sr. Sec. School (Mehrauli), Govt. Boys Sr. Sec. School (Tughlakabad Village), Navyug Mandir Marg, Qaumi senior secondary school (Idgah), Gov. Boys Sr. Sec. School (Tughlakabad-2), DAV Pusa Road, Govt. Boys Sr. Sec. School (Bhajanpura), SVBP Govt. Sarvodya Vidyalaya Tugklabad Extn., Govt. Boys Sr. Sec. School (Ambedkar Nagar), Anglo Arabic Sr. Sec. School (Ajmeri Gate) and Sarvodya Bal Vidyalaya (Shadi Khampur).

Started in 2012, PGMT was constituted in the memory of Late Paul M George, Executive Director, Muthoot Group who was an avid sportsman with a zeal to encourage sporting talent amongst Indian youth, especially marginalised children. The tournament has been designed as a sports platform for the government-aided school students to showcase their passion and develop their talents on the Cricket field.

The Muthoot Group eyes a new Banking License.

The Muthoot Group, with businesses across diverse sectors, has set its eyes on a new banking license, believing it is well suited for transforming Muthoot Finance, the country’s largest gold loan company, into a bank. The group’s managing director, George Alexander Muthoot, shares his plans with Neelasri Barman. Edited excerpts: The Reserve Bank of India (RBI) has capped the loan-to-value (LTV) ratio for advances against gold jewellery at 60 per cent and standardized the valuation of the collateral. How much did this impact you?

Yes, it did impact us. Some of our customers are (now) going to traditional money lenders. We had, with much difficulty, brought them into the organized sector from the unorganized one. Some of them might even go to banks, since the latter don’t have this LTV cap. Being the regulator, we don’t argue with them (RBI). We are waiting for them to probably take a second look at it. We also make requests to them on this; it is for them to decide. The hit we have taken as of date is not major. But if it continues, it can be substantial.

We might have lost a little less than 10 per cent of our customers due to this. Besides, there are now stringent KYC (know your customer) norms. Did you lose customers because of that? Most of these things even we do. The regulations are for the entire spectrum of people and not Muthoot alone. These are good practices, strengthening the sector.
In the short term, some pain may be there but in the long term, it will be positive for the sector. In the short term, we may lose some customers to money lenders. Did you increase the frequency of gold auctions due to fall in gold prices in the recent past? Gold prices fell 35 per cent in the international market. But in the India market, it has been only 11 per cent.
We auction the gold only after 18 months, if a loan hasn’t been repaid. Yes, gold auctions have risen from 0.5 per cent of total advances to one per cent. Has the competition increased, with many banks venturing aggressively into this business? Outside South India, the concept of organized gold loans is not there.
In the past 10 years, we have spent crores of rupees in advertising the concept of gold (as collateral for a loan). It has benefited us, and other non-banking finance firms; it is also benefiting banks. Since more banks are getting into this business, the respectability of taking a gold loan has increased. This is a positive side.
The negative side is that any new player coming in will certainly take some of our share. We have a gold loan portfolio of about Rs 25,000 crore. We continue to be the largest. For us, new markets for gold loans are also emerging. In the next two quarters, we expect this portfolio of ours to be flat, since the total economic activity is also taking a hit. After that, probably, things should improve. What are your fund raising plans in the current financial year? Next Monday, we are coming with a public issue of non-convertible debentures (NCDs). This will be for working capital.
The tenure of the debentures vary from one to six years. The coupon rate varies from 10.50 per cent to 12 per cent. This year, including this issue, we would have raised about Rs 1,000 crore through NCDs. Currently, since there is not much growth in assets, we do not need too much of funds. But we might do two more NCD issues in the current financial year. You have applied for a bank license. Have you appointed a consultant for the ground work? We do not need a consultant. We feel we are well suited for transforming Muthoot Finance into a bank. We are the largest in the gold finance business. The next level should be a bank. If it is a bank, the liability options will be much more.
My cost of funds can come down. Then, even my lending cost will come down and the people whom I serve currently will get the benefit of loans at lower costs. The average lending rate is currently 19.2 per cent. Currently, my average cost of funds is 12.5-13 per cent. We already have a platform ready for banking. This includes IT, treasury management, risk management, personnel and branches with large reach.
We are doing financial inclusion work, the key word for new banking license's. We may just have to tweak a few things for the banking business. What is the progress you have made in your plans to set up white-label ATMs? We only need to get the last sanction from RBI and then will start rolling out white-label ATMs in our branches and other strategic places. It gels with our business. The approval may come this year itself.

Muthoot M George Excellence scholarships launched in Andhra Pradesh

Muthoot M. George Foundation launched its Excellence scholarships to the toppers of 10th Standard in Government Schools coming under the Educational Districts of Hyderabad & Secunderabad today.

The launch event was inaugurated by Sri Mukesh Kumar Meena, I.A.S., Collector & District Magistrate of Hyderabad along with Mr George M Alexander, Director, The Muthoot Group. The other officials present during this occasion include Mr.R.Venkateswaran, Zonal Manager, Andhra Pradesh, Mr Babu John Malayil, AGM Corporate Communications Muthoot Finance Ltd, Capt.Joseph and Sri.Laxman Rao Sr. Regional Managers Muthoot Finance Ltd, along with the winners of the Award, their parents and School Head Masters.

This scholarship will benefit students of 178 Government schools and consists of a certificate and cash prize of Rs.2500/ each. This activity is the extension of program already implemented in Kerala (200 government schools) & Karnataka (210 government Schools).

Speaking on this occasion, I.A.S., Collector & District Magistrate of Hyderabad Sri Mukesh Kumar Meena, said “I am happy to be a part of this event today, I am glad an institution like Muthoot Group which has undertaken such an initiative, it truly, depicts their noble objective of doing good for the society, this scholarship program would encourage and motivate our Government school children to excel in their studies in a big way”

“Mr. George M Alexander said “Our prime objective of giving these awards is to reach out and encourage the children from the deprived class, who constitute the main student population of Government schools. We will remain duly committed towards our commitment to the community through coming up with various corporate social responsibility in the near future”

About Muthoot M George Foundation

Muthoot M George Foundation is, named after Late M George Muthoot, the Founder chairman, of The Muthoot Group, and started functioning in the year 1993. The Foundation’s activities include support to the poor for their medical treatment, marriage of girls & education of children. Also it has projects to encourage Medical Research, and environment friendly life. The activities of the Foundation are broadly divided into four, as below:

Muthoot Environment Research Foundation: To conduct advanced study in Environment preservation & Environment friendly growth.
Projects in the public interest
Relief & Rehabilitation works during and after Natural Calamities & Disasters
Supporting the poor and underprivileged in their miseries in the form of Medical treatment, Marriage of Girls, Professional education of their children etc.

Muthoot Finance launches its first ever white label ATM, a landmark development to revolutionize financial inclusion and financial services in India.

New Delhi: In a landmark development to revolutionize financial inclusion and financial services in India, Muthoot Finance Ltd., India’s largest gold financing company, a flagship company of The Muthoot Group, has become one of the first-ever NBFC to obtain RBI’s license for setting-up White Label ATMs (WLAs) in the country.

Muthoot Finance aims to set-up 9000 WLAs in 3 years time span – 1000 in first year; 2000 in second year and 6000 in third year. Having a dominant presence in the country with 4000+ branches in over 21 states & 4 Union Territories of India, the company has taken a strategic decision to establish 65% of these WLAs in semi-urban and rural areas (mainly tier III to VI cities/towns). The ATMs will be user-friendly WLAs; even for the differently-abled people – in terms of voice, Braille and wherever feasible, access facilities by ramp also. Muthoot intends to put in place customer grievances redressal mechanism with a definite time frame for resolution of grievances.

Commenting on the development, Mr. K.R Bijimon, Chief General Manager, Muthoot Finance Ltd. says, “This is a remarkable development and it has opened host of opportunities for us. With a view to enhance our brand image, and diversify our activities, we had applied to RBI for license to set up a WLA network. Having a very large penetration in semi urban and rural India, it has been our long term strategy to offer innovative payment products and channels to the customers. We intend to install 9000 ATMs in next 3 years and are now working towards obtaining the certification of Authorization from RBI. The process of identifying Sponsor Bank/s and finalizing ATM network across India has already begun.”

Being an industry leader, Muthoot Finance will drive on its existing strengths for setting up WLA in various geographical locations- the use of synergy derived from the market leading position in Gold Loan business; a strong presence in under served rural and semi-urban markets.

Earlier in June 2012, the Reserve Bank of India had issued policy guidelines permitting non-bank entities to set up and operate WLAs in the country after seeking Authorization under the Payment and Settlement Systems Act, 2007. Previously, only banks were permitted to set up and operate ATMs in India. The primary objective of permitting non-banks to operate WLAs was to enhance the spread of ATMs in semi-urban and rural areas (mainly tier III to VI cities/towns).

Muthoot Group Launches Instant Domestic Money Transfer (DMT) Services By Joining IMPS Network

Muthoot Vehicle & Asset Finance Ltd (MVFL) becomes Prepaid Payment Instrument (PPI) Issuer in India authorized by RBI now joining the IMPS Platform.
Enables instant inter-bank electronic funds transfer through 4,400 Muthoot finance branches across India.
Customers can deposit their cash in their bank accounts , anywhere in India without visiting banks through muthoot offices.
Easy and seamless funds transfer option for people living away from their families.

Kochi, 18th August,2014: Muthoot Vehicle & Asset Finance Ltd, India’s leading asset finance company and part of The Muthoot Group, today announced the launch of Domestic Money Transfer (DMT) services for its customers at over 4,400 Muthoot Finance branches across India

The facilities have been enabled through MVFL joining the IMPS platform Prepaid Payment Instrument (PPI) issuer in India authorized by RBI. IMPS in the PPI instrument will enable payments collection systems like Cashless Campus, Merchant Payments through mobile, Public Transport ticketing etc.; and would also launch electronic ticketing and prepaid payments in the Ernakulam Private Buses shortly. Additionally an implementation plan is in pipeline for a Cashless Campus in one of the Institution of The Muthoot Group.

The launch function was inaugurated by Mr.C V George, General Manager – RBI Ernakulam along with Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd .Senior officials present at the occasion included Mr K P Padmakumar, Executive Director, Muthoot Finance Ltd, Mr K R Bijimon, Chief General Manager, Muthoot Finance Ltd, Mr Oommen Benjamin. CEO, MVFL, Mr Shaibu Cherian, Business Head- Money Transfer, Mr Jose Allesh, Head Operations, Money Transfer.

With simple and minimum documentation Muthoot Finance customers would now be able to safely and securely transfer funds to any bank account across India at any time of the day. Other new services offered at Muthoot branches along with DMTS now include making online payments, retail and utility bill payments, mobile re charges Prepaid Payment card like mobile wallet.

Speaking about the development, Mr. George Alexander Muthoot, Managing Director, Muthoot Vehicle & Asset Finance Ltd. said: “MVFL is the only NBFC and the eighth Prepaid Payment Instrument issuer to join the IMPS platform. The development is an important step towards our goal of extending financial inclusion to the Indians across the country. Besides utility and payment services, Muthoot customers would now be able to transfer funds to bank accounts across India”.

MVFL Customers will be given free mobile Wallets as an Introductory offer and enable DMT Services, 4400+ branches of Muthoot finance will also enable customers for opening mobile wallets . A wallet is a pre-paid stored value mobile wallet that enables a customer to load money which is linked to his/her mobile number. This money can be used for payment of various services and more importantly to transfer money instantly to any bank account. Muthoot Vehicle and Asset Finance Ltd. (MVFL) is the new member amongst 65 banks and 8 PPIs offering IMPS services to its customers.

Interbank Mobile Payment Service (IMPS) has led to co-creation of banking and non-banking institutions wherein banking customers of 65 members banks can not only transact seamlessly with customers of other member banks but are also connected to non-banking customers using virtual prepaid instrument of Telecom Service providers and other payment service providers and thus creating a unique interoperable payment platform for all stake holders to reach the entire unbanked area real time in a very cost effective manner. PPIs have become very important part of IMPS ecosystem as PPIs are alone contributing one-third (1/3rd) of total volume in IMPS.MVFL has tied up with large numbers of partners to enable mobile recharges, utility bills payments, online payments etc. The Group will soon launch a Mobile app on Android platform to enable mobile payments and fund transfers, also looking at the possibility of engaging customers through social media for fund transfers.

About Muthoot Vehicle & Asset Finance Ltd (MVFL)

In 1992 Muthoot Group Started its Vehicle Finance division as "Muthoot Leasing and Finance Ltd" and in 2008 changed its name as "Muthoot Vehicle & Asset Finance Ltd (MVFL)" for providing wide range of financial solutions as the name itself indicates. MVFL is the largest Kerala based Asset Finance Company and is one unique public deposit taking Asset Finance Company among the NBFC’s permitted to accept deposits in Kerala. MVFL has an investment grade rating from credit rating Agency ICRA (currently MA) for accepting public deposits. MVFL carries out its operations through a network of 39 branches spread across 13 districts in Kerala.

About Muthoot Group

Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations. Today, Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 127 years. The formidable business empire comprises of 17 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle& Asset Finance, Travel Services, Muthoot Global, Housing Finance and Muthoot Money.

Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

Budget Should Give Policy Directions & Accelerate Growth’. Mr. George Alexander Muthoot, MD, Muthoot Group, talks to Business World

What is your expectation from the forthcoming Union Budget 2014 of NDA?

The NBFCs are fairly optimistic on the forthcoming budget and it should not only be investor friendly and taxpayer friendly but also be forward looking and progressive, giving policy directions and accelerating growth. The Industry expectation from the financial Ministry is as follows -:

Development of frameworks and principles for achieving deeper financial inclusion to ensure viability, scalability and sustainability for all the stakeholders

Issuance of bank licenses to institutions for functioning as Wholesale Banks, whose primary role will be lending as proposed by Nachiket Mor Committee

NBFCs should be considered as an integral part of the larger banking system and not as Shadow Banks.

Strategy of adoption of ‘priority sector deposits’ to mobilize deposits in unbanked areas.

NBFCs be mandated to fulfil PSL (priority sector lending) obligations – loans from banks to Gold Loan NBFCs be treated as PSL hitherto (also recommended by Nigam Committee)

Role of differentiated licensing and NBFCs as a means of providing increased access to credit, and the transition of NBFCs to differentiated banks for achieving greater financial inclusion

Sufficient access to affordable, formal credit for low-income households and small businesses through institutional designs such as Payments banks, payments operators, Regional bank

What is your expectation with regards to your sector?

We expect that the budget should also have measures aimed specific to Gold loan sector and recognize gold loans as being low risk category in the loan portfolio, as financial inclusion is a national priority gold loan companies can be a useful tool in achieving this objective given the size and reach of the sector.

What is your view on inclusive growth?

Our vision is to enpower the rural indian via inclusive development by way of providing access to credit and financial services to every Indian. If we take a macro view, then plainly put we are the pioneers of the gold loan business in the country, but if you take a more in-depth micro view then we are more than just a gold loan company. Ours is a business of bringing change in the people’s lives and indeed has an element of corporate social responsibility embedded in it.

With presence of over seven decades our focus has never changed and that is to serve people. We were the first organisation, where our forefathers understood the importance of rural emergence and have been actively playing the role of financial inclusion for decades together. There is immense potential in rural India and the lot of entrepreneurial spirit and we have guided them on how monetising idle family gold could help them not only kick start, but achieve their dreams, besides, removing the age old taboo of pledging family gold.

It’s our clear vision, transparent practices and addressing customer’s urgent needs that have helped us grow to what we are today.

What has been the CSR initiative of Muthoot Finance?

Late Shri. M. George Muthoot, Founder Chairman-Banking, believed that “one should not lose any opportunity that may come across one’s life to help the poor and the underprivileged”.

It is from here that the company has developed its CSR vision “to constantly give back to the community by identifying and facilitating growth in areas which are less privileged”.

The company reinforces its social commitment through its Corporate Social Responsibility (CSR) wing – The Muthoot M George Foundation – which works on various initiatives for the poor, needy and less privileged. Initiatives include free medical assistance, food distribution to patients among others.

The foundation aims to be a prominent contributor to the community and helps low-income, uninsured and underserved patients receive access to healthcare, education and works on the following social causes:

Environmental Development

Projects in Public Interest

Socio-Economic Development of the poor and underprivileged

Relief and Rehabilitation during and after natural disasters

Recently we have launched a very unique healthcare outreach programme called as “Muthoot Snehasraya” which was launched in Kerala last year. The project aims at prevention and awareness of kidney and other lifestyle related diseases.

In education, we have introduced Muthoot M George Excellence scholarship programs covering Kerala (1000 ) Karnataka (400)and Andhra Pradesh ( 400 ) government schools. Also we have tied up with 2 NGOs Magic Bus and Save the Children, under Magic Bus we have imparted education to 2000 marginalized children in the States of Tamil Nadu (Chennai) and Jharkhand (1000 children in each state).

Save the children NGO works towards improving the quality of education in primary schools managed by East Delhi Municipal Corporation and to support the National objective of universal enrollment and retention. The association will target 10,000 children , 65 teachers in 12 MCD schools. Apart from this we also provide financial and marriage assistance to socially deprived families and widows.

Muthoot Finance Ltd successfully completes its Institutional Placement Program

Kochi, 3rd May, 2014 : Muthoot Finance Ltd, India’s largest gold loan company, the flagship company of Muthoot Group has successfully concluded its Institutional Placement Program (IPP)” as per the SEBI guidelines to comply with the regulatory norms for minimum public shareholding of 25%. Under the IPP, the offer was made only to Qualified Institutional Buyers. Muthoot Finance Limited had done an Initial Public Offering of its equity shares in April 2011 and listed the shares on Stock Exchanges on May 6, 2011. The public shareholding as on that date was 19.88% and the SEBI Guidelines stipulated that this should be increased to 25% within 3 years from the date of listing.

Under IPP, the Company offered fresh 25,351,062 equity shares of Rs.10 each. Issue opened and closed on April 25, 2014. The issue was made under the book building route with a price band of Rs.155 to Rs.165 per equity share. The Issue was oversubscribed 1.80 times at the upper end of the price band for a total bid amount of Rs.754.64 crs. The Company decided to allot shares at the upper end of the price band at Rs.165 per share.

Speaking on this occasion , Mr.M.G.George Muthoot , Chairman , Muthoot Finance Ltd said “We are glad that we could comply with the SEBI norm of 25% public shareholding well before the deadline. We would like to re-iterate that we are committed and focused on the growth of the gold loan business and being a leader in the sector will take all necessary steps for the healthy growth of the sector.”

Mr.George Alexander Muthoot , Managing Director , Muthoot Finance Ltd said “ The Company is glad to inform that it has complied with the SEBI Minimum Public Shareholding stipulation well before the deadline of May 5th, 2014. With the regulatory environment on the sector turning positive, we could see active interest from domestic and international investors on the Company. The Company could attract investments at a tight discount of 2.40% to the opening market price of Rs.169 per share as on the date of opening of the issue. It shows increased level of confidence in the Company after successfully going through the severe regulatory changes in the last two years.”

Well known and diversified set of QIBs participated in the Issue. The issue saw participation from long only investors including FIIs, Sovereign funds, Life insurance companies and Large mutual funds both domestic and international. ICICI Securities Ltd, Kotak Mahindra Capital Company Limited and Espirito Santo Securities India Private Limited were the Book Running Lead Managers to the Issue. AZB & Partners, Bangalore were the Indian Legal Counsel and DLA Piper Singapore Pte. Ltd. , Singapore were the International Legal Counsel.

Muthoot Group ties up with Burlington Group

Kochi, 2nd May, 2014 : The Muthoot Group, one of India’s leading and diversified business conglomerate ties up with Europe’s largest and most respected publishers of English Language Training , “ Burlington Group” today. Through this tie up the company will be able to provide online English learning program to Corporates, Educational Institutions, Language Learning center’s, Intensive English programs & Individuals the most advanced online platform in the world for learning English and thereby enhance their English language skills and achieving their career goals.

The online English learning course offers a unique program for English acquisition. It comprises of a face to face classroom activity with anytime-anywhere access to state of the art online interactive courses. The course has been designed by using the best methods identified by linguists, educators and software developers for overcoming the specific challenges of language learning. It also offers an unparalleled speech training session to help users perfect their pronunciation and listening skills.

Speaking on this occasion Mr K P Padmakumar, Executive Director, Muthoot Group said “we have partnered with Burlington Group as undoubtedly they are one of the world leaders in the online English teaching arena. The courses offered by them is structured in such a manner where students and working professionals working in any company will be trained in both theoretical and practical aspects to improve their communication skills and in turn increase their employability in the industry. We look forward to a long term relationship with them to enhance our man power capabilities and make them ‘industry ready’ so that they go out and make significant contributions in the competitive market”

Addressing the press, Mr Eric Cohen – CEO Burlington Group said “we are happy that we have partnered with The Muthoot Group, a multifaceted, multi-disciplinary conglomerate, with the ultimate objective of being looked upon as a socially responsible entity in the country. We, Burlington English are bringing to you the world’s most robust communication program, with a unique patented speech engine.
Burlington English’s Patented Speech Engine presently have 39 International languages with 8 Indian languages including Malayalam with translation to guide learners, to analyze and enhance the speech pattern of students to bring them on par with global standards. With over 30 years in ELT we are the market leaders in US & Europe.

Mr Vinod Nayar Managing Director, Burlington English Middle East &India added that BE is a comprehensive communication program with special focus on students of Kerala. We are indeed proud to associate with Muthoot Group to bring the world’s best communication program to this region. BE comprises of core English program and an array of over 36 career extensions which includes engineering English, nursing English , business English, English for accountants , doctors etc. We really look forward to have a long term business relationship with The Muthoot Group who already had rooted their presence in the field of Education.

Saffron Route to host its first education fair for students

Kochi,2nd May, 2014 : The Muthoot Group, one of India’s leading and diversified business conglomerates' Sister concern, Saffron Route will launch its two day Educational Exhibition based on the theme “ Take off to new Heights” commencing from 4th May ,2014 at Hotel Abad Plaza, Grand Ball Room, Kochi.

The Exhibition will showcase participation from more than 36 colleges from India and abroad, The Domestic and International pavilion will feature universities like Uclan University UK , Bharath University,, Reva University , MITS Eng. College, Burlington English , Parks Group Of institutions Coimbatore , Marian college Kuttikanam etc. Peer Transfer company will be the principal sponsor for the event.

The event will present students an opportunity to explore and evaluate a wide spectrum of courses ranging from academic to professional and vocational courses including, engineering, medicine, business management, history and Indian Heritage, eco tourism and adventure and many more. It will provide a perfect opportunity for students and parents to interact with education experts and to know more about avenues of higher learning and career opportunities. .

Mr George M George, Executive Director, Muthoot Group said “ Education is one of the most important assets which every aspiring student needs to acquire. Studying in the best institution is a dream of every student whereas only a fraction of them are actually able to realize this dream due to lack of proper information in order to turn those dreams in to reality we have launched this education expo and are hopeful that the participants are able to take the most out of it”.

The two day exhibition will also hold seminars on various topics which will help the students and parents gaining insights on emerging fields of study and how to excel in it. There is no entry fee for attending the exhibition expo.

About Saffron Route
Saffron is an enterprising and innovative debut venture by The Muthoot Group, founded with an objective to bring novelty to the profession of education.
Saffron specializes in arranging educational tours for Universities and Colleges and believes in remodeling the educational model by widening the horizon of learning through travel experience.
At Saffron we endeavor to make all of our programmes educationally rich. We collaborate with Colleges and Schools in Kerala in arranging customized educational tours combining industrial visits, site visits for specific projects, educational and training programmes for students and teachers.
We customize trips for various academic departments such as – Medicine, business management, Engineering, History and Indian Heritage, Eco tourism, Adventure
These trips focus on developing leadership and teamwork skills, building self confidence and facilitating the students re evaluate some of their beliefs, attitudes and assumptions particularly around different cultures and their own priorities in life.
Our educational tour itineraries go beyond just seeing the sights. Through professionally guided tours and insight into each destination we invite you and your students to become actively engaged in the local culture and historical and cultural heritage of each destination.
Our aim is to inspire students to develop new skills and enhance their understanding of international issues and other culture and to unite them as part of our global community who can work together and rise to the challenges of the world we live in.

Muthoot Group associates with Indian Super League.

The Muthoot Group, one of India’s leading business conglomerates, today announced its association with the Hero Indian Super League (ISL), one of the top tier football leagues in India. With this association, The Muthoot Group now becomes the Official Referee and Fair Play Awards Sponsor at the Hero Indian Super League.

The group has also announced the 'Muthoot Group Fair Play award' which will go to the teams that bags the maximum Fair Play points at the end of the football league. The idea behind the award is to encourage the players to uphold the spirit of the game through values like integrity, reliability, respect and teamwork which is also the very essence of a sport like football.

The eagerly awaited ten-week football league is scheduled from 12 October 2014 to 20 December 2014 and will feature international and Indian players, and 8 teams with 61 matches being played in 8 cities across the country.

Speaking on the association, Alexander George Muthoot, Director, The Muthoot Group said: “We are a foundation that has been built and known for the principles of ethics, values, reliability, dependability, trustworthiness, goodwill and integrity for the past 127 years. We have also been at the forefront to promote sports and celebrate sportsmanship. Our decision to partner with the Hero Indian Super League goes beyond business as 'fair play' reflects the innate values of our brand and the game. This partnership will also allow us to build the referees as brand advocates and ambassadors of fair play.”

Speaking about the partnership, Sanjay Gupta, COO, Star India, said, “We are glad that The Muthoot Group has made a commitment to support the first ever season of Hero Indian Super League as the Official Referee and Fair Play Awards Sponsor. We are extremely proud of our association with the company and are confident that The Muthoot Group's support will encourage players to live up to the values of the game of football."

“The Muthoot Group has encouraged sports over the years, and now the association with Hero ISL further reinforces its commitment to sports, especially Fair Play,” adds Navroze D Dhondy, Managing Director, Creatigies Communications, which stitched this partnership.

The Muthoot Group, who has been associated with Indian Premier League and Cochin International Half Marathon in the recent past, believes that the concept of fair play extends beyond the game and has resonance and applicability in day to day life. As the Fair Play presenter at the maiden season of the tournament, the company encourages the teams to respect the game, play hard and play fair thereby, encouraging fair play both on the field and in everyday life.

It is no wonder then that The Muthoot Group which upholds such high principles has an active customer base of over 6 million. Serving over 81,000 customers daily from their 4400 plus Muthoot Finance branches, of which 70 per cent are repeat customers, the group’s credentials are a testimony to the strong bonds of trust that the group has nurtured with its customers over the years.

The Hero Indian Super League was founded in 2013 in an effort to make football a popular sport in India and to make Indian football a major player worldwide.

Muthoot Global Money Transfer Services launched in European Countries via web portal www.rupee2india.eu

The money transfers services will be available to NRIs in Austria, Italy and Germany

Offers transfer to any Bank Account maintained in India and Instant cash collection available at more than 4,500 Muthoot Finance branches in India

Kochi, November 19, 2014 – The Muthoot Global Money Transfer Ltd, a part of Muthoot Global, the overseas arm of the Muthoot Group launched its web portal www.rupee2india.eu for European countries. The function was held at Fine Arts India, Vienna, Austria.

The website was inaugurated by Mr K R Bijimon, Chief Operating Officer, Muthoot Global in presence of Hon'ble Minister Shri A P Anil Kumar, Minister for Welfare of Scheduled Castes & Backward Classes and Tourism, Mr Bobby Varghese, Chief Executive Officer, UK Operations, Muthoot Global Money Transfer Pvt Ltd and other senior officials were also present during the occasion. The website will enable the NRIs living in Austria, Italy and Germany to send money to India much cost effectively and swiftly.

The customers can collect cash instantly up to Rs.50,000 from 4,500 Muthoot Finance branches across India. They can also avail the facility of transferring money from any bank with more than 85,000 branches across India. The contact numbers for the countries are Germany - 08006648496, Italy - 0694801266, and Austria - 019284014.

Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd said “Our Muthoot Global Money Transfer services has been active since 7 years in the United Kingdom and handles over 5000 remittances every month to India from its UK offices and felt the need to expand our service corridor to EU countries to enable faster and easy solution to our customers living in European countries as well.

About Muthoot Global

Muthoot Global US is a recently established global wing of the Muthoot Group. The company commenced its operations in USA in April 2010. Today, it offers two of the most sought after services to the NRI populace viz. Money Transfer and Happy Gift Services.
Needless to say, The Muthoot Group is looking at rapid expansion and growth in foreign markets with a service like money transfer. Being a dominant player in the market, we are entrusted with the responsibility of providing reliable and trusted service.

The Challenge of Global Operations

At times when competition demands and survival drives a global presence, penetration into foreign markets has become a trend. The potential that global operations hold is unbridled. Harnessing this global potential is what Muthoot Global US aims to unleash.

The US market today is one of the most sensitive ones to operate in. In the wake of the financial crisis, Muthoot Global US plays upon its two greatest strengths i.e. stabilization of operations and new innovations that can absorb the shock of regulations introduced by governments to continue providing its customers unhindered services. A diverse employee strength further adds to the adaptability of the operations of Muthoot Global USA.

Core Values

Modern in its outlook, Muthoot Global US till date imbibes the traditional values of prayer and humility from its parent company. Being a global wing of one of the most trusted groups in the world, we at Muthoot Global US reflect the culture and legacy of trust, which we have believed in for the past 126 years.

The four core values that are deeply ingrained in our work culture comprise integrity, trust, excellence and commitment. Adherence to duty and prompt customer service are innate to the manner in which we conduct our business. For more details log on to www.muthootglobal.com

For More Information Please Contact:
Babu John Malayil,
Muthoot Finance Ltd,
Email: babujohn@muthootgroup.com
Contact: 0484- 2396478

Kaustubh Ghotikar,
Adfactors Public Relations Pvt Ltd
Email:kaustubh.ghotikar@adfactorspr.com
Contact: 9167127415

Muthoot Finance Appoints two Additional Directors as Board of Directors of the Company

Kochi, November 11th, 2014 - Muthoot Finance Ltd, the largest gold financing company in India in terms of loan portfolio, announced the appointment of Ms Pamela Anna Mathew and Mr Alexander George Muthoot as Additional Directors of the company.

Ms Pamela Anna Mathew is a well- known business leader with a remarkable career spanning over 40 years. She is currently serving as the Managing Director of O/E/N India Limited. She holds a
Post graduate degree in Economics & Business Administration from Kerala and Cochin University. She has been awarded the CII award for best Chairperson at national level for outstanding contributions and has served as Chairperson of social development & women empowerment panel for southern region of CII for consecutive two years.

Her Public service commitments included serving the Board of Apprenticeship Training by Ministry of Human Resource Development, Advisory board member of Vidyodaya Institute of Education Management, Cochin, Member of Academic Council of Cochin University of Science & Technology, and is a Trustee for Global Public School, Cochin.

Mr Alexander George Muthoot, is an MBA Graduate from Thunderbird University (USA) and an advanced diploma holder in Business Administration from Florida International University, Miami (USA). He has also served as the President of Indian Subcontinent Club at Thunderbird University and has been a member of various committees at the university.

He currently heads the Marketing, Operations of the company. Under his dynamic leadership and keen vision, the company has enhanced its brand visibility through innovative marketing strategies, expanded its branch network, and implemented various IT initiatives that have benefited both customers and employees.

Commenting on the appointments Mr George Alexander Muthoot, Managing Director, Muthoot Finance ltd said, “We are delighted to have two outstanding business leaders with us on board, both leaders possess broad range of knowledge and experience which will contribute immensely to the future growth and profitability of our company”.

About Muthoot Finance Ltd:

Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala. Operating history of Muthoot Finance has evolved over a period of 75 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

Company is listed on both National Stock Exchange and Bombay Stock Exchange.

For More Information Please Contact:

Babu John Malayil,
Muthoot Finance Ltd,
Email: babujohn@muthootgroup.com
Contact: 0484- 2396478

Rama Naidu,
Adfactors Public Relations Pvt Ltd
Email: rama.naidu@adfactorspr.com
Contact: 9920209623

Muthoot Finance announces 'Muthoot ATM Transact & Win Contest 'Winner

Kochi,18th October 2014 : Muthoot Finance, India’s largest gold loan company announced the name of the winner of Muthoot ATM transact & Win contest. The winner Mr Jamal from Mahi Kaffe, Kottayam was awarded the prize by Mr George Thomas Muthoot, Joint Managing Director, Muthoot Finance Ltd, along with Mr O K Varghese, Sr Regional Manager-Kottayam, Muthoot Finance Ltd and other senior officials.

The contest was based on the the customer to visit their nearest Muthoot ATM and make a transact valid and applicable for slips pertaining to Four transactions i.e. Cash Withdrawal, PIN Change, Mini Statement and Balance enquiry. The Lucky Draw for the eligible entries, was conducted once
every month, and the winners were selected through a computerized draw.

Mr Geogre Thomas Muthoot, Jt Managing Director, Muthoot Finance Ltd said “ This contest was undertaken for improvising the number of transactions in our ATMs, through this we have been able to showcase our presence in the WLAs sector “

Muthoot Finance would see about 1000 Muthoot ATMs set up in the first year itself, followed by 2000 in the second year and a significant ramp up by about 6000 WLAs in the third year.

Muthoot Finance has partnered with FIS Payment Solutions & Services India, one the world’s largest global provider dedicated to banking & payment technologies, which will act as the Technical Partner for the project and Federal Bank Ltd which is the sponsor bank for this venture.

Apart from basic ATM service of Cash withdrawal & Balance enquiry, Account to Account transfer, Prepaid card Top up etc. Muthoot ATMs would also offer value added services to the customers. The company plans to introduce loyalty programs for the customers who will be using

it’s ATMs. To ensure better service to Muthoot ATM users, the company plans to set up exclusive counters at selected centres with ATM facility along with other services of the company such as Money Transfer, Foreign Exchange, Air Ticketing, Bill Payments etc. A customer support system backed by 24X7 Video Interactive Facility and TV screen with information for customer education will also be provided at the ATM sites.

About Muthoot Finance Ltd:
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.

Operating history of Muthoot Finance has evolved over a period of 75 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

Company is listed on both National Stock Exchange of India and Bombay Stock Exchange.

For More Information Please Contact:

Babu John Malayil,
Muthoot Finance Ltd,
Email:babujohn@muthootgroup.com
Contact: 0484- 2396478

Kaustubh Ghotikar
Adfactors Public Relations Pvt Ltd
Email:kaustubh.ghotikar@adfactorspr.com
Contact: 9167127415

Muthoot Finance launches Muthoot M George Excellence Award 2014 & Cash prizes for Karnataka Government Schools

Bangalore, 25th November, 2014: Muthoot Finance Ltd, India's largest gold loan company's Corporate Social Responsibility wing Muthoot M George Foundation launched it's educational initiative “ Muthoot M George Excellence Awards 2014 “ for all government schools in Karnataka.The educational initiative is a part of one of the Corporate Social Responsibility activity undertaken by the company for FY 15.

The Excellence award for 2014 was inaugurated and distributed by Dr Manjunatha, MLA- Mulbagal, Kolar (Karnataka) along with Mr George Muthoot Alexander, Muthoot, Sr Vice President – Operations South, Muthoot Finance Ltd .The other officials present during this occasion include Mr Babu John Malayil, AGM Corporate Communications Muthoot Finance Ltd, Mr. B Karunakara Shetty, Regional Manager Muthoot Finance Ltd, North Bangalore, and Mr Mathunny, Sr Regional Manager Muthoot Finance Ltd, South Bangalore along with PTA members, Students and Parents.

This scholarship will benefit students of 400 Government schools and consists of a cash prize of Rs.3000 with a certificate duly signed by Educational Officer and Chairman of Muthoot M George Foundation. The scholarship award was launched in the year 2010 to the toppers of govt schools in Kerala, later in 2013 it got extended to state of Karnataka and Andhra Pradesh. The selection of the scholarships is based on the list of rank holders prepared of various govt schools in consultation with District Educational Offices.

Speaking on this occasion Shri G Manjunatha said “I am happy to be a part of this event today, I am glad an institution like Muthoot Group which has undertaken such an initiative, it truly, depicts their noble objective of doing good for the society, this scholarship program would encourage and motivate our Government school children to excel in their studies in a big way”

Mr. George M Alexander said, “This year we have extended the scholarship to 400 govt schools in Karnataka as we felt that we should encourage the children from the deprived class, who constitute the main student population of Government schools and support .We will remain duly committed towards our commitment to the community through coming up with various corporate social responsibility in the near future”

About Muthoot Group:
The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.

Today, Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 126 years. The formidable business empire comprises of 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle & Asset Finance, Travel Services, Muthoot Global and Muthoot Money.

Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

About Muthoot M George Foundation
Muthoot M George Foundation is, named after Late M George Muthoot, the Founder chairman, of The Muthoot Group, and started functioning in the year 1993. The Foundation’s activities include support to the poor for their medical treatment, marriage of girls & education of children. Also it has projects to encourage Medical Research, and environment friendly life. The activities of the Foundation are broadly divided into four, as below:

1)    Muthoot Environment Research Foundation: To conduct advanced study in Environment
       preservation & Environment friendly growth.

2)    Projects in the public interest

3)    Relief & Rehabilitation works during and after Natural Calamities & Disasters

4)    Supporting the poor and underprivileged in their miseries in the form of Medical treatment,
       Marriage of Girls, Professional education of their children etc.

For More Information Please Contact:

Babu John Malayil,
Muthoot Finance Ltd,
Email: babujohn@muthootgroup.com
Contact: 0484- 2396478

Kaustubh Ghotikar
Adfactors Public Relations Pvt Ltd
Email: kaustubhghotikar@adfactorspr.com
Contact: 9167127415

Muthoot Finance Healthy Wealthy Kerala road show flags off from Cochin

Kochi, 25th November, 2014: India’s largest gold loan company, Muthoot Finance Ltd, organized an inclusive ceremony for receiving the Kochi International half Marathon Torch at their head office premises today.

The marathon torch was handed over by Mayor of Cochin Corporation, Shri Tony Chammany along with Shri Leno Jacob, Corporation Councillor, Cochin Corporation to Mr MG George Muthoot , Chairman, Muthoot Finance Ltd, along with Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd, The occasion was graced with the presence of Ms Manju Warrier actress. Other company officials present during the event included Mr. George M George, Executive Director, The Muthoot Group, Ltd, Mr K P Padmakumar, Executive Director, Muthoot Finance Ltd Mr. K R Bijimon, Chief General Manager, Muthoot Finance Ltd.

The event commenced with a welcome speech given by Mr. Cherian Peter, CMO Muthoot Finance Ltd, along with a presidential address delivered by Mr M G George Muthoot and inaugural address presented by Mr. Tony Chammany.

The company also undertook a unique promotional campaign called “ Healthy Wealthy Kerala” which will focus on encouraging healthy lifestyle inn everyday living. A canter will travel in various towns and districts of kerala and conduct games related to Health The winners of the games will be given vegetable seeds as gifts.

Commenting on this occasion Mr. Tony Chammany said “This indeed is a unique initiative undertaken by the company and is a first step taken towards for the betterment of the state and our society, also it is a very proud moment for Keralites to be recognized as the state which has the given potential to embrace one of the biggest international events of its kind, we hope this marathon becomes a great success and helps in the overall development of Kerala”.

To add, Mr MGGeorge Muthoot said “We are very happy to be a part of this International event and at the same time we wish to sincerely follow our vows which we have undertaken today for the betterment of our society which will lead to the overall development of our state”

Mr George Alexander Muthoot said” Last year our company and people of kerala has undertaken one million resolutions for a clean and healthy kerala initative , this year as well we wanted to continue on our mission to make Kerala a better place for living and through this new campaign I am optimistic about the change which our state will experience and set an example for other states of india to follow”.

About Muthoot Finance Limited:
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala.
Operating history of Muthoot Finance has evolved over a period of 74 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.
The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Company is listed on both National Stock Exchange and Bombay Stock Exchange.

About Muthoot Half Cochin International Marathon
The event is organized by the Corporation of Cochin in association with Push Integrated Communication Private Ltd. Muthoot Finance is the principal sponsor for this event. The Cochin International Half Marathon will showcase the spirit and vibrancy of the Queen of Arabian Sea. The Marathon is not just about the Kilometers being run, it is a journey through the history of Cochin and the landmarks that shaped it. The Marathon will take the participants from the Maharaja College grounds to the quaint town of Mattancherry National and International consultants have been roped in to make this event memorable. World- renowned long distance athletes will be present and each participant will get run alongside them through some of the city’s most famous landmark. The Marathon comprises of a 21 Km, 21 km Corporate relay 7Km, 10Km, 4 km senior citizen run. The event was officially launched on 23rd September 2014 as Muthoot Finance Cochin International Half Marathon by the cricketer Harbhajan Singh and super star Lt Col Bharat Padmasree Mohanlal. The marathon will commence on 7th Dec, 2014.

For More Information Please Contact:

Babu John Malayil,
Muthoot Finance Ltd,
Email: babujohn@muthootgroup.com
Contact: 0484- 2396478

Kaustubh Ghotikar,
Adfactors Public Relations Pvt Ltd
Email:kaustubh.ghotikar@adfactorspr.com
Contact: 9167127415

The Muthoot Group and WWF-India join hands for 'Friends for Life’

The Muthoot Group, one of India’s leading business conglomerates, in partnership with World Wide Fund for Nature- India (WWF-India) launched 'Friends for Life’, an elephant conservation project dedicated towards effective management of human-elephant conflict (HEC) and protecting the habitats of Asian elephants across six states in India. The project is part of the Muthoot Haathi Mera Saathi CSR initiative.

This partnership will catalyse and strengthen the existing efforts of managing HEC across these six states, in four priority landscapes and one priority site as earmarked by WWF-India. These include North Bank landscape in Arunachal Pradesh, Kaziranga and Karbi-Anglong in Assam; Terai Arc landscape in Uttarakhand, Uttar Pradesh and Bihar; Western Ghats landscape in Tamil Nadu and Kerala and also some parts of northern West Bengal. This partnership will also help scale up the existing efforts by identifying strategic conflict management measures specific to each region and enforce legislation to protect elephants.

Speaking on the initiative ,Alexander George Muthoot, Director, The Muthoot Groups aid: “The Muthoot Group has always stood up for protecting the environment and wildlife habitat. Human Elephant conflict is essentially due to the struggle for space and resources between humans and elephants, leading to increase in conflict. For instance in 10 districts of Assam approximately 160 + elephants have been killed in retaliation and 205+ humans killed in conflict between 2008 and 2012. This problem exists in other States too. We, thus, look forward to our association with WWF-India and aim to spread awareness about the human-elephant conflict .As part of the partnership, WWF-India has also joined hands with local communities in the selected six states to address the problems and provide solutions in terms of reducing elephant and human lives lost, secure crop and property damage in villages and build a future where humans and elephants can live in harmony with each other.”

WWF-India, as part of this partnership, has identified and collaborated with channel partners in all the regions of work. Sharing the thought behind this initiative, Ravi Singh, Secretary General & CEO, WWF-India said: “WWF-India has been working on elephant conservation since 1970s. India holds approximately 60% of the world's Asian elephant population and, therefore, we have a lot more responsibility towards conserving this species. We welcome this conservation alliance with The Muthoot Group as this association is a step-up of our efforts towards the management of human-elephant conflict in six Indian states. We have already set up electric fencing in Nilgiri North division of Tamil Nadu, and collected secondary information on HEC from Uttarakhand and data on human-elephant conflict from South Wayanad forest division in Kerala. Currently, ADSs (Anti Depredation Squads) have also been formed in three project locations- Doom Dooma, Majuli and Deepor Beel area in Assam to manage HEC.”

As this project sees the forging of a pivotal partnership in the field of conservation, its objectives have been comprehensively designed according to the contextual specificity of the states. The electric fencing which is being set-up in the selected states are low in intensity and are only being used to scare the elephants away, without endangering their lives. For instance, in Tamil Nadu, this venture aims at improving the efficiency of the low cost electric fence by setting up an Early Warning System and implementing it in conflict affected villages. This would bring about a measurable reduction in elephant and human lives lost, crop damage and property damage in villages. Of vital importance to the overarching project is the generation of baseline information from all the project states by working closely with the local communities and also help measure the impact of any initiative implemented for human-elephant conflict management.

The Muthoot Group has also planned to complement this initiative with an online campaign on its social network platforms in February 2015. They will also undertake awareness drives across their 4500+ branches to build awareness and increase public support for elephant conservation.

Expectations on the forthcoming budget by Shri M.G. George Muthoot, Chairman, The Muthoot Group

The forthcoming budget, prepared in the backdrop of a new government, low oil price and current account deficit, will be the most historic budget presentation in the Indian economy. Embarking on the path to become a global manufacturing hub through the ‘Make in India’ campaign, the focused approach adopted by the government is laudable.

As the current government has been very active on accelerating reforms, fast tracking pending project backlog to put economy back on track since it came to power, we expect a similar pro-growth stance from the government, with focus on forming stronger policies and implementing them in the forthcoming budget.

We envisage that given the significant role played by NBFCs in supplementing the banking industry, the forthcoming budget will strengthen the role of NBFCs in the economy. As financial empowerment through financial inclusion is one of the key mottos of the government, we expect that the budget will have measures directed towards reinstating gold loan under priority sector lending as we believe that gold loans can be a useful tool in achieving the objective of Pradhan Mantri’s Jan Dhan Yojana.

Further, considering the reach of NBFCs to the underserved population, NBFCs should be considered as an integral part of the larger banking system and not as Shadow Banks. Thus, we expect that the sectoral arbitrage may be reduced and the government extends the provisions of SARFAESI Act to good well-run NBFCs as we believe that this reform can totally transform the lending and repayment habits in a large swathe of our country.

In addition, as NBFCs, specially gold loan NBFCs, are purveyors of credit to the sectors where credit gap exists and they facilitate the bottom of the pyramid by providing affordable, adequate and timely credit, measures to have a separate strong regulatory body for this sector may be realistic like NHB for Housing finance companies. This will boost the confidence of the investors as well as lenders and NBFCs will be able to raise funds cheaply which will ultimately result in cheap credit to the poor and needy and thereby, playing a crucial role in implementing many initiatives of the government targeted at financial inclusion of the masses.

Recently, Service Tax on Money Transfer was introduced by the government which is a deterrent for NRIs who remit their funds to India and we expect that in this forthcoming budget, this may be withdrawn fully so as to encourage non-repatriable fund inflow to the country.

Moreover, ATM interchange of Rs 15 per transactions makes the business univariable for White Label operators and hence we expect that the ATM intercharge may be increased to Rs 20 per transaction. This will encourage putting more ATMs in unbanked areas whereby access to the cards issued under Jan Dhan Yojana project is substantially improved.

NABH Accreditation for MGM Muthoot Medical Centre, Kozhencherry

Mar Gregorios Memorial Muthoot Medical Centre, Kozhencherry has been granted certification by the National Accreditation Board for Hospitals and Health Care (NABH) of the Government of India in recognition of its outstanding quality practices.

As stipulated by NABH (National Accreditation Board for Hospitals and Healthcare Providers), the Healthcare team efficiently implemented the 102 standards and 636 objective elements and successfully underwent the final assessment in March 2015, with excellent reviews from the NABH assessors.

This coveted certification, attained after a rigorous assessment by the NABH team demonstrates the steadfastness of the Healthcare institution in pursuing top-notch quality certifications. The public recognition gained through the achievement of the accreditation standards certifies the organization's adherence to stringent quality standards, further emphasizing the no-compromise approach to quality standards.

The commencement of this massive exercise initiates and fosters a culture of quality, patient safety, efficiency and accountability towards patient care. The benefits of this accreditation are manifold, advantageous to all stakeholders, primarily, the patient population. The true beneficiaries of this accreditation are indeed the patients who can be assured of high quality of care and patient safety.

The benefits of the NABH accreditation to the patients are as follows:

1. High quality of care and patient safety

2. The patients are serviced by credential medical staff

3. Rights of patients are respected and protected

4. Patient satisfaction is regularly evaluated.

5. Commitment to create a culture of quality, patient safety, efficiency and accountability towards patient care

6. Establishment of protocols and policies as per National/International Standards for patient care, medication management, consent process, patient safety, clinical outcomes, medical records, infection control and staffing helps in providing quality care

7. Patients are treated with respect, dignity and courtesy at all times

8. Patients are involved in care planning and decision making

9. Patients are treated by qualified and trained staff.

10.Transparency in billing and availability of tariff list

11.Continuous monitoring of its services for improvement

12.Commitment to prevent adverse events that may occur.

MUTHOOT FINANCE RECOGNISED AS AN EXCELLENT WORKPLACE, GETS SHOWCASED ON CNBC TV-18

Muthoot Finance Ltd., The flagship company of The Muthoot Group, has been recognized and featured as one of the top 30 best places to work at in India by Skill Tree Global Knowledge Consortium in the Workplace Excellence Show on CNBC TV-18.
The Workplace Excellence show is a 10 episode series featuring 30 companies across industries that have been recognized as best workplaces. As part of the program, Muthoot Finance’s excellent employee practices that have helped the company retain talent and garner employee loyalty were showcased. These include the company’s practice of internal promotions to leadership roles, giving the employees ample opportunities for growth and development, encouraging innovation while adhering strictly to systems and processes, among others.
Its Muthoot Career Development Program (MCDP) is one of the most popular employee centric programs. Through MCDP, the Group gives career growth opportunities to its employees and allows them to go up the career graph in a much shorter span of time. Such initiatives have helped the company and the Group manage and retain its vast employee base of over 30,000 employees.
Shri M G George Muthoot, Chairman- The Muthoot Group, said on the occasion, “At The Muthoot Group, we have always endeavored to make the work atmosphere at our offices conducive for our employees. In fact, we consider all our employees as our family members and encourage them to believe that they are the owners of this company. The recognition from Skill Tree Knowledge Consortium and CNBC TV-18 is a great encouragement for us.”
Shri Alexander George Muthoot, Director- The Muthoot Group said, “We nurture our staff members and give them ample opportunities to not just achieve their goals but also grow as individuals. We believe in the simple dictum of Progressing with the People. This recognition reinforces this belief of ours.”
Below is the You tube link for the episode of Workplace Excellence show that featured The Muthoot Group on CNBC TV-18:
https://www.youtube.com/watch?v=2w2CIX-q8ks

About The Muthoot Group

The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.
Today, The Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 128 years. The formidable business empire comprises 18 divisions including Financial Services, Wealth Management, Money Transfer, Forex, Securities, Vehicle & Asset Finance, Media, IT, Healthcare, Housing & Infrastructure, Education, Power Generation, Leisure & Hospitality, Plantation & Estates, Precious Metals, Travel Services, Housing Finance & Overseas Operations.

The Muthoot Group, is today a ‘Financial Supermarket’ providing a bouquet of financial services including Insurance, Foreign Exchange, Money Transfer, Demat Account, Debentures (NCDs), PAN Card, Travel Services, Muthoot ATMs, etc. It also has its presence in USA, UK, UAE, Hong Kong, Sri Lanka and Central America.

For additional information please contact:

Ruchika Sharma
Manager- Corporate Communications
E-mail: ruchika.sharma@muthootgroup.com
Phone No.: 011-46697786

The Muthoot Group announces association with Hero Indian Super League for the third consecutive year

New Delhi, 30th September, 2016: The Muthoot Group, one of India’s leading business conglomerates, announced its continued association as the official Referee and Fair Play Sponsor of Hero Indian Super League (HISL) for the third consecutive year.

Unveiling the coveted Muthoot Group Fair Play Award Trophy designed attractively in the shape of a gold coloured whistle, Alexander George Muthoot, Director, The Muthoot Group said: “The significance of the trophy is that it represents the concept of Fair Play and the innate values of our brand and the game. We have always been in the forefront to promote sports and celebrate sportsmanship. Our involvement with the Hero Indian Super League goes beyond business as the concept of Fair Play reflects the congruence of The Muthoot Group’s principles of ethics, values, reliability, dependability, trustworthiness, integrity and goodwill with the values espoused by the game.”

Celebrating the spirit of football and fair play, The Muthoot Group has created an inspiring Muthoot Fair Play Anthem and Pledge in a video , that features marquee players from each team performing a signature step to the rhythmic beats of the Muthoot Anthem, with few accompanying moves by the rest of the players. This is to be telecast over numerous channels including Star Sports and other network channels.

To commemorate the League, The Muthoot Group is also producing attractive limited edition HISL gold coins with The Muthoot Group Fair Play Award and Official Referee Partner - HISL logo on the face of the coin and The Muthoot Group logo on the obverse, making it a collector's item and a prized gift in the forthcoming festive season. The Muthoot and HISL Special Gold Coin Launch will also be telecast on pre match show before the commencement of the league.

Alexander George added "The Muthoot Group has always been known for its uncompromising values and trust for over 129 years. I have always believed that the concept of Fair Play extends beyond the game and has resonance and applicability in day to day life. Playing is not just about winning; it is about giving your best while playing to the rules of the game.” We would encourage the teams to respect the game, play hard and play fair, thereby upholding the spirit of the game .Referee being the custodian and ambassador of Fair Play reflects the essence of sportsmanship and also the nature of our business.”

Speaking about the partnership, the Hero Indian Super League Spokesperson said: “We are glad to continue our support to the Hero Indian Super League as the Official Referee and Fair Play Awards Sponsor. We are also certain that the prestigious Fair Play Award Trophy that was won by the Delhi Dynamos in the first season and Mumbai City FC_in season two, will be keenly contested by all teams this year.”

The eleven-week football league, scheduled from 1 October to18 December 2016, will feature Indian and international players in eight teams playing 61 matches in eight cities across the country.

The Muthoot Group has also been associated with the Indian Premier League (Delhi Daredevils) and Cochin International Half Marathon in the past.

The Muthoot Group launches ‘Fair Play Gold Coin’ for Dhanteras to commemorate partnership with Hero Indian Super League

26 October 2016, New Delhi: The Muthoot Group, the official Referee and Fair Play Sponsor of the Hero ISL, launched a special edition Hero ISL Fair Play Gold Coin for Dhanteras to commemorate its association with the League and the Fair Play Award. The Group also released an inspiring Fair Play Anthem and Pledge.

The limited edition gold coin has The Muthoot Group Fair Play Award and Official Referee Partner and HISL logos on the face of the coin and The Muthoot Group logo on the obverse of the coin. Crafted with finesse, the gold coins are a unique collector's item and a cherished gift especially in the ongoing festive season. The special edition HISL gold coins are available for sale at all the 4500 plus Muthoot Finance branches across India, including on line booking and home delivery (details available at www.muthootpreciousmetalscorporation.com)

Speaking on the occasion, Alexander George Muthoot, Director, The Muthoot Group said, “We provide the largest variety of 24 carat gold coins of 999 purity that are also available through easy EMIs. We enjoy the trust of lakhs of customers who have shown onfidence in our products. Our product has high demand during the festival season especially for Dhanteras and Diwali”

He further added, “The Muthoot Group has always been known for its uncompromising values and trust. The significance of the launch of the gold coin and release of the video are that they represent the pristine innate values of our brand and the game. I have always believed that the concept of Fair Play extends beyond the game and has resonance and applicability in day to day life. Playing is not just about winning; it is about sportsmanship and giving your best while playing to the rules of the game. We would thus encourage the participating, teams to respect the game, play hard and play fair, thereby upholding the spirit of the game.";

Speaking about the partnership, the Hero ISL spokesperson said "HISL is the gold standard of Indian Football and to commemorate The Muthoot Group's partnership with the league and the Fair Play Award, The Muthoot Group has launched special edition gold coins for Season 3. We are also delighted that a video encapsulating the essence of fair play and sportsmanship during the HISL has also been released";.

Celebrating the unifying spirit of football and fair play, an eye catching video was also released earlier by The Muthoot Group in collaboration with HISL. The video features renowned marquee players from respective teams of HISL heartily spreading cheer and bonhomie, to the upbeat and rhythmic music of the Muthoot Anthem along with the Pledge to Play Fair. The video is to be telecast over numerous channels including Star Sports and other network channels.

Please find the link of the video: https://we.tl/kWKeflmJnt

Now, make your WILL online with Muthoot Securities in just 30 minutes

The Muthoot Group firm ties up with WillJini Succession Services to launch online will facility

Kochi/New Delhi, 8th November 2016 - Muthoot Securities Limited (MSTL), the broking and wealth management division of The Muthoot Group, has launched an innovative product-iWill that offers online Will writing that can be completed in just 30 minutes.

MTSL has launched this unique product in association with WillJini Succession Services Private Limited, India's leading succession services Company.

iWill enables customers using a smart phone to make a Will online in just 30 minutes at a nominal cost of just INR 4000 plus service tax for a standard Will.

The advantage of a Will made online through the iWill portal is that it can be made in confidentiality and from the convenience of one's location of choice without any cumbersome visits or calls to any lawyer or third party.

This facility can be availed online anytime and anywhere in the country. It is also open for NRIs.

"While financial services institutions are well aware of techniques for growth, planning and management of wealth, it has been observed that the last leg of financial planning cycle i.e., Succession Planning is still relatively a grey area," said Mr. Alexander George Muthoot, Director, The Muthoot Group.

"Currently Will writing is mostly done by Ultra-High Net worth Individuals through their legal advisors but other mid-sized wealth owners like MSME owners/ entrepreneurs, professionals, corporate executives, retired individuals and NRIs etc., tend to avoid or postpone Will writing due to various reasons. However the coming together of Muthoot Securities and Willjini Succession Service Private Limited will certainly enhance awareness with regards to this important aspect of Financial Planning," he added.

The procedure for making a Will through the I will portal essentially involves three simple steps viz. free of cost registration at I will portal, online payment and filling up required details to generate the online Will.

The process is convenient and does not require stamp paper or visits by lawyers. The Will is kept absolutely confidential and is legally binding. An expert backend panel of lawyers, company secretaries and accountants are also provided by the portal for online services for making Will as per Indian laws.

Mr. Jatin S Popat Founder of Willjini.com added, "We are glad to be associated with The Muthoot Group, to provide succession planning services. We are also confident of leveraging the ethical branding of Trust and the vast network of The Muthoot Group pan India to popularize the relevance of this product."

"Making a Will during one's lifetime is important for ease of transfer of asset ownership. The absence of a Will can lead to property disputes or unfair distribution of wealth. Writing a Will can surely provide peace of mind and also the assurance that the family will continue to be bonded in future," Mr Popat added.

Mr G R Ragesh, CEO of Muthoot Securities Limited said, "Succession planning is going to be a sunrise sector in India, as succession and will writing services have already evolved in the last two decades in developed countries like US, the UK, Canada, etc. To that extent, the Muthoot I will product is likely to become extremely popular for not only being innovative, time saving and cost effective, but also reliable and customer friendly".

Customers can walk in to any of the 4600 plus branches of Muthoot Finance across India for additional information on the product, or visit the dedicated website for Succession Services at www.muthootiwill.com

Launch of Muthoot-CSK Limited Edition Gold Coin

New Delhi, 2nd May 2018: The Muthoot Group, one of India’s leading business conglomerates, today announced the launch of the Muthoot – Chennai Super Kings Limited Edition Gold Coin to celebrate their association with Chennai Super Kings as their Principal Team Sponsor.

The specially minted 24 Carat 8 gm Gold Coin with 999 purity will have the CSK logo on one side, and The Muthoot Group logo on the other.

Speaking of the new Gold Coin, Alexander George Muthoot, Deputy Managing Director, The Muthoot Group said, "We are extremely happy to launch the Special Limited edition of Muthoot - CSK Gold Coin, which is truly a celebration of our Golden partnership with Chennai Super Kings. Everything from the packaging of this unique Gold Coin to the Gold Coin itself has been tastefully crafted to resonate with the sentiments of millions of CSK fans and other cricket enthusiasts world over. We are also thrilled to have this Gold Coin launched today by some of CSK’s top players - Shane Watson, Harbhajan Singh, Suresh Raina, Ravindra Jadeja & Dwayne Bravo.”

The Muthoot-CSK limited edition Gold Coin will be available to book across Muthoot Finance branches, Muthoot Finance website as well as online on www.muthootpreciousmetals.com from today itself. To get this prized possession, CSK fans and interested buyers can register their order online or visit any Muthoot Finance Branch to book their order.

About Muthoot Precious Metals Corporation:

Muthoot Precious Metals Corporation (MPMC) is one of the 18 diversified business divisions of The Muthoot Group. It is India’s leading seller of Gold Coins and has continuously grown in reach and customer base since its launch in 2006. MPMC’s product range includes Pendants in 4 denominations and Gold Coins/Bars in 9 denominations ranging from 0.5gm to 50gm. These Gold Coins come in 17 different designs and combos with embossing of various deities covering almost all major faiths and ethnic groups (Goddess Lakshmi, Lord Krishna, Mother Mary, Lord Sri Venkateswara, Mecca etc.)

Muthoot Finance is India’s Most Trusted Financial Services Brand for 3 years in a row (As per Brand Trust Report 2016, 2017 & 2018) , and its extensive reach and goodwill continue to be the source of growth for Muthoot Precious Metals Corporation.

About The Muthoot Group:

The Muthoot Group is a financial conglomerate with 18 diversified divisions and a family business legacy of over 800 years. Listed on NSE and BSE, Muthoot Finance, the flagship company of The Muthoot Group, has disbursed over Rs 3 lakh crores as easy secured loans of which more than Rs 1 lakh crores was disbursed in rural, semi-rural and urban areas. With a branch network of +4500 branches, the Group serves +2 Lac customers every day. Headquartered in Kochi and having its Corporate Office in New Delhi, The Muthoot Group has a dominant presence in all States & Union Territories of India. It also has its presence in USA, UK, UAE, Sri Lanka and Central America.

The Muthoot Group Supports Wheelchair Cricket India With Title Sponsorship

The Muthoot Group has announced its association with Wheelchair Cricket India as their Title Sponsors.

Wheelchair Cricket India, which is presently playing a 3-day, 2-nation friendship series with Pakistan in UAE is an association that has promoted and provided a vibrant platform for wheelchair confined Indians who wish to engage and play cricket as professionals.

Speaking on the occasion, Mr. Alexander George Muthoot, Deputy Managing Director, The Muthoot Group said, “Cricket is one of the most popular and watched sports in India. We have always been in the forefront to promote sports and celebrate sportsmanship as we have done with several other sports in the past like football (through Indian Super League), Kabaddi (through Pro-Kabaddi League) and also with Cricket by partnering with IPL Team Chennai Super Kings now and with Delhi Daredevils in the past. This initiative particularly is an important part of The Muthoot Group’s larger vision of enriching lives of the masses while contributing back to the society. Wheelchair Cricket India is doing notable work by giving opportunity and a platform to those special & differently-abled people of our country who are passionate about playing the sport and we salute this spirit of theirs through this association.”

Mr. Pradeep Raj, General Secretary of WCIA said, “We are proud to be associated with The Muthoot Group, known for its family business legacy of over 800 years. With its wide network of 4,500+ branches pan-India, our association with The Muthoot Group will definitely boost the popularity of Wheelchair Cricket India and help put Indian wheelchair folks into mainstream, so they don’t feel themselves isolated. We express our sincere gratitude to The Muthoot Group for coming forward and supporting us in a big way for this Friendship Cup and all forthcoming series for the next whole year. We are sure many more Corporates would feel inspired by their support and extend support to us”

ABOUT WHEELCHAIR CRICKET INDIA:

WCI is a nonprofit registered organization working under the legal frame of the country. It was established in the year 2012 with the objective dedicated towards the development of social, economic, educational and recreational sport activities for integration of persons with disabilities. The organization aims to provide a platform to these people who are wheelchair confined to live an equal, independent life as members of the general community.

WCI has organized some major domestic tournaments at national level with participation from players across the county. In the month of April 2016, the first ever International Wheelchair Cricket Series was played in New Delhi between India and Bangladesh. In 2018, WCI won the India-Bangladesh Wheelchair Cricket Series 2018 held at Dhaka. Former Indian Captain Mr. Sachin Tendulkar had supported the Indian team for this tour. Also MOS Sh. Kishan Pal Gurjar received the Indian team at IGI Airport and after that winner team was also invited by Former President of India Sh. Pranab Mukherjee and Union Minister Sh. Thawarchand Gehlot, CM Delhi Sh. Arvind Kejriwal and Sh. Manoj Tiwari, Member of Parliament.

In the ongoing India-Pakistan T-20 Wheelchair Cricket India Series 2018 being held in Ajman, Dubai (UAE), India has recorded its victory on the first day. The Series will conclude on 20th September, 2018.

The Muthoot Group Becomes One Of The First In The NBFC Sector To Launch An Al-Based CHATBOT - “MATTU & MITTU”

New Delhi, 11th October, 2018: The Muthoot Group, one of India’s leading business conglomerates today announced the launch of its Chatbot ‘MATTU & MITTU’ [Muthoot Advanced Technology Transformation Unit (MATTU), Muthoot Intelligent Technology Transformation Utility (MITTU)]. MATTU & MITTU will be represented by two elephant mascots that come together to denote the Group’s famous logo. The company is first in the Indian Gold Loan industry to use a bot on its official website – www.muthootfinance.com

‘MATTU & MITTU’ is an Artificial Intelligence powered Virtual Assistant that will offer 24/7 customer assistance and instantly respond to customer queries across The Muthoot Group’s diverse products and services; ranging from Gold Loan, Insurance, Money Transfer, Forex, Mutual Funds, Home loan etc. The AI-Bot is also said to act as a financial advisor, helping break myths around Muthoot’s flagship product – Gold Loans, and enabling customers to make informed decisions.

It will help the customer to register, get details about Gold Loan/other financial products, apply for a Gold Loan scheme, locate the nearest Muthoot Finance branch etc. Among many other attractive features of the Bot, MATTU and MITTU will also provide –

AI assisted live chat
Predictive text
Rating and instant feedback facility
Natural language processing
Suggestive/informative conversations
Specialized advice based on customer inclinations
Personalized advice through recognition of past behavior patterns
Onsite support at a branch, without involvement of staff

Speaking about this development, Mr. Alexander George Muthoot, Deputy Managing Director, The Muthoot Group said, “We, at The Muthoot Group, have always been at the forefront of adopting technology and transforming customer experience by providing them instant solutions to their financial needs. ‘MATTU & MITTU’ is our latest addition to some of our already existing technologically advanced systems like Core Banking Solution (CBS), Customer Relationship Management (CRM), Muthoot Mobile App etc. We serve more than 2 lakh customers everyday, and through our newly launched Chatbot, we aim to redefine seamless customer experience by being present where they are – Online. The bot is designed to increase the quality of the relationship we have with our customers by enhancing and personalizing their financial journey with us.”

About The Muthoot Group:

The Muthoot Group has a family business legacy of over 800 years. The Group started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M G George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.

Today, The Muthoot Group is a multi-faceted business conglomerate comprising 20 diversified divisions including Financial Services, Wealth Management, Money Transfer, Forex, Securities, Vehicle & Asset Finance, Media, IT, Healthcare, Housing & Infrastructure, Education, Power Generation, Leisure & Hospitality, Plantation & Estates, Precious Metals, Travel Services, Housing Finance, Personal Loan, Microfinance & Overseas Operations. The Muthoot Group has been involved in a plethora of CSR initiatives across the country ranging from Education and Healthcare to Public Welfare and Disaster Relief. Headquartered in Kochi and having its Corporate Office in New Delhi, The Muthoot Group has a dominant presence in all States & Union Territories of India. It also has its presence in USA, UK, UAE, Sri Lanka and Central America. For more information please visit: www.muthootgroup.com/ or www.muthootfinance.com/ or follow us on facebook, twitter and Instagram

Muthoot Finance and Google Pay have partnered to offer Muthoot Finance Gold Loans to Google Pay’s customers on their Consumer and Merchant App.

Muthoot Finance recognized as the "Best NBFC for Small Business Financing" at the India NBFC Summit and Awards 2024.

Muthoot Finance’s Marketing Campaign- Bharosa India Ka wins GOLD in two categories at the Pitch BFSI Marketing Awards 2024!

Muthoot Finance honored at the First Indian CSR One Decade Celebration.

Muthoot Finance was recognized with a Certificate of Commendation by Smt. Anandiben Patel, Hon'ble Governor of Uttar Pradesh.

Our flagship CSR initiative, Project Snehasraya, has won the Silver accolade at the prestigious 8th Edition of CSR Health Impact Awards 2024 by the Integrated Health and Wellbeing (IHW) Council.

Dr. Sara George Muthoot, Director of St. George’s School & Paul George Global School, was recently honored at the Delhi Malayalee Association’s 75th Anniversary Celebrations.

Muthoot Finance has been honored with the "Excellence in the field of Financial Services" Award by Bharat 24, Vision of New Uttar Pradesh- Lucknow Edition

Inauguration Ceremony of The Muthoot Group, Corporate Office, Mumbai

The Muthoot Group Acquires Semi Naming Rights of Jaipur Railway Station Metro

Muthoot Finance retains India’s #1 Most Trusted Financial Services Brand for the 8th consecutive year as per TRA’s Brand Trust Report 2024

The Muthoot Group Wins Runner-Up Award for Innovation in Network Security at Dynamic CISO Excellence Awards

Muthoot Finance Wins 'Best Content Marketing Award' at Indian Content & Marketing Awards 2023

'Kholiye Khushiyon Ki Tijori' Wins Indian Marketing Award 2023

Muthoot Finance Receives Great Place to Work Certification for Third Consecutive Time

Muthoot Finance Receives BRICS-CCI Business Excellence Award in Leadership

Joint Managing Director and Deputy Managing Director of The Muthoot Group Invited by Hon'ble Prime Minister Shri Narendra Modi Ji for Special Christmas Celebration

Muthoot Finance's CSR Initiative Honors Late Shri M. G. George Muthoot's 74th Birthday Anniversary

Landmark Encounter: Shri. Alexander George Muthoot Meets Pope Francis, Representing Indian Orthodox Church

Milestone Achievement: Shri Alexander George Muthoot Honored with Business Leader Award at TechCircle's Business Transformation Awards 2023

Muthoot Finance's Q4 Triumph: 'Kholiye Khushiyon Ki Tijori' Campaign Wins Prestigious Pitch BFSI Marketing Award 2023

Muthoot Finance Honored as the Biggest Wealth Creator Company in Kerala

Golden Handshake Between the Muthoot Group & Shri Amitabh Bachchan

National CSR Times Award

NBFC Fintech Award 2023

Best Family Business Award

e4m Indian Marketing Awards South 2023

CSR Health Awareness Campaign

ASSOCHAM 6th National Summit & Awards

Shri. Alexander George Muthoot Honoured with Visishta Sewa Samskarika Puraskaram at Delhi Pooram 2023

Dershanagal Book Launch and Honoring of Shri. Alexander George Muthoot at 74th DMA Day Celebration

Muthoot Finance's Sunheri Soch Season 2 Wins 'Best Digital Brand Video' at Afaqs Media Brand Awards 2023!

Muthoot Finance's Sunheri Soch Season 2 Receives 'Best Use of Celebrity Endorsement' Award at ACEF Global Customer Engagement Awards 2023!

Shri Alexander George Muthoot Conferred with "Bharat Samman Award 2023" for Service to Nation and Society

Shri. George M George - Deputy Managing Director, Muthoot Finance receives the Hurun Award for Leadership and Social Welfare

Muthoot Finance Builds and Handover 14 New Aashiyana Homes in Edavanakkad, Kochi

Corporate governance standards important in the evolution of business"- Shri. George Jacob Muthoot - Hon’ble Chairman, The Muthoot Group of Companies

Muthoot Aashiyana Housing

Chanakya Award 2022 - Responsible Leadership of the Year

Golden Mikes Award 2022

CXO Tech Innovation Award 2022

Muthoot Finance Wins CSR Journal Excellence Awards for Guinness World Record Campaign Cup of Life

Muthoot Finance Wins the ‘NBFC of the Year 2022’ Award at Dhanam BFSI Summit in Kochi

CUP OF LIFE

FICCI Made In Kerala Award 2022

The Hurun Industry Achievement Award 2022

The Mahatma Gandhi Excellence Award 2022-23

Muthoot Finance engages Mrs. Madhuri Dixit as their Brand Ambassador

The Best Digital Banking Product Award 2022

India’s No. 1 Most Trusted Financial Services Brand for the year 2022

Artificial Intelligence Icon at CIO Power List 2022

The coveted CSR Journal Excellence Awards 2021

Excellent School In Sports Infrastructure

Innovative Practices Of Academic Excellence

Golden Peacock Award for Corporate Social Responsibility for FY: 21-22

Dr. Sara George Muthoot was awarded the Excellence Award

Education Icon of the Year 2021

North East Samaritan Gold Medal

Jury's Choice Award for Experiential Learning

Gold Loan is Good

Lifetime Achievement Award

The Best of Bharat Award at exchange4media's Pride of India Brands 2022

Excellence In Instructional Leadership Award

Best Growth Performance FIs/ NBFCs/ Financial Services Award

Outstanding Contribution in Education Award

Muthoot Finance spends Rs. 81 Cr towards CSR – Corporate Social Responsibility in FY22

The Muthoot Group wins CII DX Award

Leading from the front: Mr. Alexander George Muthoot in conversation with Business Today

India’s Leading BFSI and FinTech Companies 2021 by Dun & Bradstreet

Muthoot Finance ranked India’s Most Trusted Financial Services Brand for 5th consecutive year

MUTHOOT M. GEORGE EXCELLENCE SCHOLARSHIPS LAUNCHED IN A.P.

MUTHOOT FINANCE BAGS TWIN CSR AWARDS

Muthoot Finance gets NEONS Out Of Home Awards 2020

Muthoot Finance has been honored with DHANAM BFSI Award 2020

“Life Mein Aagey Badhiye” Marketing Campaign feat. Shri Amitabh Bachchan & Chennai Super Kings Bags Gold at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 Respectively

“Muthoot Vishwaas Ki Tijori” Bags Silver at ABBY Awards 2019, Gold at Golden Mikes Award 2019 & Flame Awards Asia 2019 Respectively

Muthoot Finance ranked India’s No. 1 Most Trusted Financial Services Brand 2019

The Muthoot Group organizes Limb distribution camp

Muthoot Vishwaas Ki Tijori” Bags Silver at ABBY Awards 2019 & Gold at Golden Mikes Award 2019

The Muthoot Group has been recognized as The Economic Times Iconic Brands of India 2021