Latest News :
  • Muthoot Group unveils The Muthoot Group Fair Play Award trophy. Read More
  • Muthoot Group associates with Indian Super League. Read More
  • Muthoot Diagnostic centre receives ISO 9001:2008 Certification Read More
  • Muthoot launches its CSR initiative “Muthoot Snehasraya” to spread awareness Read More
  • Saffron Route to host its first education fair for students Read More
  • Muthoot Group ties up with Burlington Group. Read More
  • Muthoot Group ties up with Burlington Group Read More
  • Muthoot Finance Ltd successfully completes its Institutional Placement Program Read More
  • Muthoot Finance launches 37th ATM in Bangalore. Aims to open100 ATMs in Karnataka region by end of 2014 Read More
  • Budget Should Give Policy Directions & Accelerate Growth’. Mr. George Alexander Muthoot, MD, Muthoot Group, talks to BusinessWorld Read More
  • International Nurses Day was celebrated at MGMMMCK,Kozhencherry Read More
  • Medical camp conducted at Mar Thoma Church Auditorium, Kuzhikkala Read More
  • Muthoot Group Launches Instant Domestic Money Transfer (DMT) Services By Joining IMPS Network Read More
  • Mr. M.G George Muthoot, Chairman Muthoot Group awarded with ‘Emerging Business Leader of the Year’ title by Hon’ble Union Minister of Home Affairs, Shri Rajnath Singh at AIMA Managing India Awards, 2014. Read More
  • As a part of CSR activities of Muthoot Group, umbrellas were distributed to students of CMS High School, Chalukunnu, Kottayam Read More
  • Muthoot Finance launches its first ever white label ATM, a landmark development to revolutionize financial inclusion and financial services in India. Read More
  • M G George Muthoot Honoured with the Kerala State Business Excellence Award and GJTCI Excellence Award Read More
  • Muthoot M George Excellence scholarships launched in Andhra Pradesh Read More
  • Asian Sustainability Leadership Award & Asian BFSI Award Read More
  • Dr. Mrs. Sara George, Principal, St.George’s School receiving the coveted Award for “Best Principal of the State” for the year 2012. Read More
  • Dr. Sara George Muthoot conferred with ‘Spark of Excellence Award’ Read More
  • St. George's School Recognized in Top 10 Schools of South Delhi Read More
  • Muthoot Finance Embraces Kochi International Half Marathon Read More
  • The Muthoot Group eyes on a new Banking Licence. Read More
  • Virender Sehwag Inaugurates Second Season of Muthoot Group’s Paul George Memorial Tournament Read More
  • Kapil Dev Felicitates the Winners of the Paul George Memorial Tournament Read More
  • Muthoot Finance bags IT innovation award under BFSI category Read More
  • Muthoot M George Excellence Scholarships Launched in Karnataka Read More
  • Muthoot Group Wins Golden Peacock for HR Excellence Read More
  • George Alexander Muthoot is Dhanam Businessman of the Year 2012 Read More
  • Promoters of Muthoot Finance apply for Banking License Read More
  • Muthoot Finance Receives ‘In-Principle Authorisation’ from RBI to Establish White Label ATMs Read More
  • A Leader must re-build strategy as per times- MG George Muthoot HT Interview Read More
  • Muthoot Haathi Mera Saathi – educational initiative’ Reaches Jharkhand Slums Read More
  • Chairman of Muthoot Group Conferred With ‘Maulana Jamil Ilyasi Excellence Award’ Read More
  • Muthoot Finance launches Its Western Union Counter Read More
  • The Muthoot Group flags off its Golden Bat for IPL 6 season Read More
  • Muthoot Precious Metals Corporation unveiled its new engraved gold coin Read More
  • Muthoot Finance Ltd. Wins The Rotary Binani Zinc CSR Award Read More
  • Muthoot Finance wins Skoch Financial Inclusion Award 2013 Read More
  • Paul George Memorial Tournament Read More
  • St. George’s School Principal honoured with Gem of India Gold Medal Read More
  • Muthoot Group Wins Golden Peacock Award For Corporate Governance Read More
  • ‘Asian BFSI Award for Most Admired Loyalty Program’ Read More
  • Under-19 captain Unmukt Chand felicitated By Muthoot Group Read More
  • Business Excellence Award –2012 Read More
  • St. George’s School felicitates IAS topper Ravi Dhawan Read More
  • Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times. Read More
  • Students of University of North Carolina visited Muthoot’s corporate office in Cochin. Read More
  • Sh. George Alexander Muthoot addressed the gathering at the Indian Business Conference held at Columbia Business School. Read More
  • 7th International Conference on CORPORATE SOCIAL RESPONSIBILITY at the Dubai Global Convention 2012. Read More
  • Award for CSR Read More
  • Muthoot Group - the only sponsor to launch a Gold Coin for its team Read More
  • Business Leadership’ for the year 2012 at Golden Peacock Awards Read More
  • Asian Business man of the year 2011 Read More
  • "Shri M.G. George Muthoot" ,"50" richest man in India Read More
  • Felicitation at Delhi Read More
  • Businessman of the Decade Award Read More
  • Life Time Achievement Award Read More
  • TIMES OF INDIA award for Excellence in Bussiness Read More
  • Awards to "Shri M.G. George Muthoot", Chairman of The Muthoot Group Read More
  • Shri M.G. George Muthoot", Chairman of The Muthoot Group Delivering acceptance Speech Read More

News

  • Muthoot Group unveils The Muthoot Group Fair Play Award trophy.

    The Muthoot Group, one of India’s leading business conglomerates as well as the Official Referee and Fair Play Award Sponsor at the Hero Indian Super League (ISL), today unveiled ‘The Muthoot Group Fair Play Award’ trophy at the Constitution Club, New Delhi.Standing at a height of two feet and designed

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    Muthoot Group unveils The Muthoot Group Fair Play Award trophy.

    The Muthoot Group, one of India’s leading business conglomerates as well as the Official Referee and Fair Play Award Sponsor at the Hero Indian Super League (ISL), today unveiled ‘The Muthoot Group Fair Play Award’ trophy at the Constitution Club, New Delhi.

    Standing at a height of two feet and designed in the shape of a gold-coloured whistle, the trophy embodies the symbol of 'Fair Play'. This trophy will be given to the team who earns the maximum Fair Play points at the end of the football league.

    Speaking on the occassion, Avinav Chaubey, AGM-Marketing, The Muthoot Group said: “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. We believe that the concept of fair play extends beyond the game and has resonance and applicability in an individual's day to day life. Thus, this season and in the continuing years, we aim to highlight the game and the concept of 'fair play', as we believe that this sport has the potential to grow and become 'a global football power' in the coming years in India. Our association with the tournament will also allow us to build the referees as brand advocates and ambassadors of fair play.”

    Speaking about the partnership, Col. Gautam Kar, Director, All India Football Federation (AIFF), 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 much awaited ten-week football league will conclude on 20 December 2014 and will feature international and Indian players, with 8 teams playing 61 matches in 8 cities across the country.

  • 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

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    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 Diagnostic centre receives ISO 9001:2008 Certification

    Muthoot Healthcare division, part of The Muthoot Group. Muthoot diagnostic centre received the ISO 9001:2008 certification from TUV, SUD, a German accredited agency for its quality management system. The diagnostic centre is one of the largest radiology service provider having 18 branches in south and central travancore,  Kerala.This recognition from

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    Muthoot Diagnostic centre receives ISO 9001:2008 Certification

    Muthoot Healthcare division, part of The Muthoot Group. Muthoot diagnostic centre received the ISO 9001:2008 certification from TUV, SUD, a German accredited agency for its quality management system. The diagnostic centre is one of the largest radiology service provider having 18 branches in south and central travancore,  Kerala.

    This recognition from the International Organisation for Standarization validates that Muthoot Diagnostic  quality processes and systems meet specific criteria for ensuring consistent and continuously improving quality systems that fulfil customer requirements.

    Dr Georgie Kurian Muthoot, Executive Director, Muthoot Healthcare said “ We are pleased to achieve this internationally known recognition for our quality systems and processes,  This award demonstrates our commitment to providing the highest quality products and services to the satisfaction of our customers. We will  ensure  that our products and services consistently meet customers’ expectations and continually improve”.

    About Muthoot Healthcare

    Muthoot Healthcare, a division of the renowned Muthoot Group, has been operating hospitals for the past 26 years. It was founded in 1988 by Late. Dr. George Kurien MRCP, also the Founder Medical Director of MMC. With the vision of providing the very best healthcare to a rural community in a financially responsible manner. That vision has today grown into the Muthoot Healthcare division.The division also is the largest provider of radiology diagnostic services in Kerala and has 18 diagnostic centres through South Kerala and has educational institutions in nursing, management, and allied health. Muthoot Healthcare , Kozhencherry    

    About  TUV, SUD Group

    Everyday around the world, customers come to TÜV SÜD with questions. “Can we make it better, faster, more efficient and sustainable? How do we strike the balance between quality, profitability and sustainability?”

    Beyond solving problems, TÜV SÜD is dedicated to adding tangible economic value to our customers. That is why “Choose certainty. Add value.” is the core philosophy behind everything that we do. We partner our customers with early consultation and continuous guidance to make sustainable progress a reality.

  • Muthoot launches its CSR initiative “Muthoot Snehasraya” to spread awareness

    Muthoot Finance Ltd, India’s largest gold loan company, launched it’s new CSR initiative named “ Muthoot Snehasrya”.The project encompasses of a High Tech Mobile Ambulance which will help in Prevention and early detection of kidney related diseases, diabetes and Hyper tension ailments.The project was launched by Mr. Tony Chammany, Hon’ble

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    Muthoot launches its CSR initiative “Muthoot Snehasraya” to spread awareness

    Muthoot Finance Ltd, India’s largest gold loan company, launched it’s new CSR initiative named “ Muthoot Snehasrya”.

    The project encompasses of a High Tech Mobile Ambulance which will help in Prevention and early detection of kidney related diseases, diabetes and Hyper tension ailments.

    The project was launched by Mr. Tony Chammany, Hon’ble Mayor, Corporation of Cochin. Ms. Bhadra, Deputy Mayor, Corporation of Cochin inaugurated the mobile laboratory. Mr. George Alexander Muthoot, Managing Director, Muthoot Group, Mr. George M Jacob, Director, Muthoot Group, Mr. K.P Padmakumar, Executive Director, Muthoot Finance Ltd. Mr K R Bijimon, Chief General Manager Muthoot Finance Ltd& other senior company officials were present during the occasion

    Through this programme we are planning to provide a fully equipped mobile lab which will travel to the rural areas of Kerala conducting free blood check up for the purpose of prevention and early detection of Kidney deceases. The mobile ambulance will travel across Kerala’s gramapanchayats, and educate people about the dreaded disease, it will hold exclusive camps in districts of kerala where by the blood sample of inhabitants will be taken and tested for possible kidney related diseases. At the end of the camp there would be an awareness session conducted which will provide information about the prevention and treatment of the disease.

    Commenting on this auspicious occasion Mr George Alexander Muthoot said “It has always been our endeavour to help the poor and less deprived class of the society. Through our Foundation we have been regularly supporting dialysis patients for many years now. This new CSR project has been a dream project of our company and I am glad we have been able to turn it in to reality. Through this initiative we plan to reach out to deprived class of the society and help and spread awareness about this illness and contribute in saving lives of people”

  • 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

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    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 pavillion 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 companywill 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 energing 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 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,

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    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, BurlingtonEnglish are bringing to you the world’s most robust communication program, with a unique patented speech engine.
    BurlingtonEnglish’s Patented Speech Engine presently have 39 International languages with 8 Indian languages including Malayalam with translation to guide learners, to analyse 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, BurlingtonEnglish 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.

  • 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

    +Read More

    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, BurlingtonEnglish are bringing to you the world’s most robust communication program, with a unique patented speech engine.
    BurlingtonEnglish’s Patented Speech Engine presently have 39 International languages with 8 Indian languages including Malayalam with translation to guide learners, to analyse 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, BurlingtonEnglish 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.

  • 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

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    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 Finance launches 37th ATM in Bangalore. Aims to open100 ATMs in Karnataka region by end of 2014

    Bangalore, 3rd June, 2014: Muthoot Finance Ltd, India’s largest gold financing company and the flagship company of the Muthoot Group, today launched its 37th Muthoot ATM at its Lingarajapuram branch, Bangalore. The company aims to increase the number of White Label ATMs (WLA) to 100 in the Karnataka region by

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    Muthoot Finance launches 37th ATM in Bangalore. Aims to open100 ATMs in Karnataka region by end of 2014

    Bangalore, 3rd June, 2014: Muthoot Finance Ltd, India’s largest gold financing company and the flagship company of the Muthoot Group, today launched its 37th Muthoot ATM at its Lingarajapuram branch, Bangalore. The company aims to increase the number of White Label ATMs (WLA) to 100 in the Karnataka region by end of this year.

    The Muthoot ATM was inaugurated by Mr. George M. Alexander, Director, Muthoot Finance Ltd. The other senior officials present at the occasion were Mr. Babu John Malayil, AGM – Corporate Communications and Mr. Chandrasekhar, Regional Manager – North Bangalore.

    Inaugurating the Muthoot ATM Mr. George M. Alexander, Director, Muthoot Finance said, “Being the industry leader, Muthoot Finance will drive on its existing strengths, including a strong presence in under-served rural and semi-urban markets for setting up WLAs in various geographical locations across the nation. With this launch we have gone an extra mile by challenging ourselves to set up 9000 WLAs within three years with our aim to launch 100 ATMs in this quarter in India”.

    Muthoot Finance would see about 1000 WLAs 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 of the world’s largest global provider dedicated to banking & payment technologies, as their Technical Partner for the project and Federal Bank Ltd is the sponsor Bank for this venture.

    Apart from basic ATM service of Cash withdrawals & Balance enquiry, will also offer value added services like Account to Account transfer, pin change, cardless withdrawal, card to card transfer etc to the customers in the coming days. The company also 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.

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

    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

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

    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 mobilise 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 recognise 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 programes 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.

  • International Nurses Day was celebrated at MGMMMCK,Kozhencherry

    International Nurses Day was celebrated at MGMMMCK.Members of Senior Management convened together to celebrate the various contributions the nursing fraternity had made for the betterment of health services. A presentation was made on the International Nurses day theme by a faculty of the College of Nursing. The week long celebrations

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    International Nurses Day was celebrated at MGMMMCK,Kozhencherry

    International Nurses Day was celebrated at MGMMMCK.Members of Senior Management convened together to celebrate the various contributions the nursing fraternity had made for the betterment of health services. A presentation was made on the International Nurses day theme by a faculty of the College of Nursing. The week long celebrations involved participation in various cultural events by staff nurses and students

  • Medical camp conducted at Mar Thoma Church Auditorium, Kuzhikkala

    On March 29, a Free Medical camp was conducted at Mar Thoma Church Auditorium, Kuzhikkala.Participating specialties comprised the Departments of Medicine, Orthopaedics, Paediatrics, Gynaecology and General Surgery, MGMMMC, Kozhencherry. The camp generated a substantial number of patients.

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    Medical camp conducted at Mar Thoma Church Auditorium, Kuzhikkala

    On March 29, a Free Medical camp was conducted at Mar Thoma Church Auditorium, Kuzhikkala.Participating specialties comprised the Departments of Medicine, Orthopaedics, Paediatrics, Gynaecology and General Surgery, MGMMMC, Kozhencherry. The camp generated a substantial number of patients.

  • 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 authorised 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

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    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 authorised 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 authorised 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.

  • Mr. M.G George Muthoot, Chairman Muthoot Group awarded with ‘Emerging Business Leader of the Year’ title by Hon’ble Union Minister of Home Affairs, Shri Rajnath Singh at AIMA Managing India Awards, 2014.

    Our Chairman sir was presented with ‘Emerging Business Leader of the Year’ title by Hon’ble Union Minister of Home Affairs, Shri Rajnath Singh at the fifth edition of AIMA Managing India Awards 2014. This award is anacknowledgement of our continued efforts towards financial inclusion and a recognition of a good Non-Banking Financial Company being the

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    Mr. M.G George Muthoot, Chairman Muthoot Group awarded with ‘Emerging Business Leader of the Year’ title by Hon’ble Union Minister of Home Affairs, Shri Rajnath Singh at AIMA Managing India Awards, 2014.

    Our Chairman sir was presented with ‘Emerging Business Leader of the Year’ title by Hon’ble Union Minister of Home Affairs, Shri Rajnath Singh at the fifth edition of AIMA Managing India Awards 2014. This award is anacknowledgement of our continued efforts towards financial inclusion and a recognition of a good Non-Banking Financial Company being the backbone of our country. It is towards the recognition of the brand’s spirit and determination to take financial inclusion to every family in the remotest corner of the country with a desire to empower them. Our pioneering steps in providing a host of inclusive financial services to the unbanked and under-served customers has not only been providing empowerment to the common man but has monetised a static assetinto an economically productive resource.  

  • As a part of CSR activities of Muthoot Group, umbrellas were distributed to students of CMS High School, Chalukunnu, Kottayam

    As a part of CSR activities of Muthoot Group, umbrellas were distributed to students of CMS High School, Chalukunnu, Kottayam .Shri George Thomas Muthoot, our Joint Managing Director, presided over the functions, delivered presidential speech and inaugurated the umbrella distribution.Shri O.K.Varghese, Regional Manager, spoke about the various initiatives undertaken

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    As a part of CSR activities of Muthoot Group, umbrellas were distributed to students of CMS High School, Chalukunnu, Kottayam

    As a part of CSR activities of Muthoot Group, umbrellas were distributed to students of CMS High School, Chalukunnu, Kottayam .Shri George Thomas Muthoot, our Joint Managing Director, presided over the functions, delivered presidential speech and inaugurated the umbrella distribution.Shri O.K.Varghese, Regional Manager, spoke about the various initiatives undertaken by Muthoot Group and its commitment to the society as demonstrated by many human welfare activities.

  • 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 licence for setting-up White Label ATMs (WLAs) in the country.Muthoot Finance aims

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    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 licence 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).

  • M G George Muthoot Honoured with the Kerala State Business Excellence Award and GJTCI Excellence Award

    Mr. M.G George Muthoot, Chairman, Muthoot Group, was recently honoured with two prestigious awards – Kerala State Business Excellence Award and Gem & Jewellery Trade Council of India Excellence Award. These awards are in recognition of the stellar role the company has been playing in the field of financial services

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    M G George Muthoot Honoured with the Kerala State Business Excellence Award and GJTCI Excellence Award

    Mr. M.G George Muthoot, Chairman, Muthoot Group, was recently honoured with two prestigious awards – Kerala State Business Excellence Award and Gem & Jewellery Trade Council of India Excellence Award. These awards are in recognition of the stellar role the company has been playing in the field of financial services in the state of Kerala and towards the growth and progress of the jewellery industry.

    Click here to read the complete article at The Telegraph

  • 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,

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    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.

  • Asian Sustainability Leadership Award & Asian BFSI Award

    Muthoot Finance received the ‘Asian Sustainability Leadership Award for Best Rural Outreach’ and ‘BFSI Award for Most Admired Loyalty Program’ at a glittering ceremony at Taj Palace Hotel, Dubai. Mr. George Jacob Muthoot, Jt. Managing Director, The Muthoot Group received the Award on behalf of the company. The award was conferred by H.

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    Asian Sustainability Leadership Award & Asian BFSI Award

    Muthoot Finance received the ‘Asian Sustainability Leadership Award for Best Rural Outreach’ and 
    ‘BFSI Award for Most Admired Loyalty Program’ at a glittering ceremony at Taj Palace Hotel, Dubai. 
    Mr. George Jacob Muthoot, Jt. Managing Director, The Muthoot Group received the Award on 
    behalf of the company. The award was conferred by H. E. Dr. Chea Chamroeun, Founder & 
    President, Chamroeun University of Poly Technology (Cambodia) and Prof. Chetan Wakalkar, Group 
    Director, Indira Group of Institutes (India). 

  • Dr. Mrs. Sara George, Principal, St.George’s School receiving the coveted Award for “Best Principal of the State” for the year 2012.

    Dr. Mrs. Sara George, Principal, St.George's School receiving the coveted Award for "Best Principal of the State" for the year 2012. Seen in the image; Principal Ma'am Receiving the award from Honorable Chief Minister of Delhi Smt. Sheila Dikshit. 

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    Dr. Mrs. Sara George, Principal, St.George’s School receiving the coveted Award for “Best Principal of the State” for the year 2012.

    Dr. Mrs. Sara George, Principal, St.George's School receiving the coveted Award for "Best Principal of the 
    State" for the year 2012. Seen in the image; Principal Ma'am Receiving the award from Honorable Chief 
    Minister of Delhi Smt. Sheila Dikshit. 

  • Dr. Sara George Muthoot conferred with ‘Spark of Excellence Award’

    His Grace Dr. Youhanon Mar Demetrios, the 3rd Metropolitian of Malankara Orthodox Syrian Church (Delhi Diocese) conferred Dr. Sara George Muthoot, Principal, St. George’s School with ‘Spark of Excellence Award’ at a glittering ceremony at St. Paul’s School, Hauz Khas, New Delhi. Instituted by the Orthodox Christian Youth Movement (OCYM), the youth wing

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    Dr. Sara George Muthoot conferred with ‘Spark of Excellence Award’

    His Grace Dr. Youhanon Mar Demetrios, the 3rd Metropolitian of Malankara Orthodox Syrian Church 
    (Delhi Diocese) conferred Dr. Sara George Muthoot, Principal, St. George’s School with ‘Spark of 
    Excellence Award’ at a glittering ceremony at St. Paul’s School, Hauz Khas, New Delhi. Instituted by 
    the Orthodox Christian Youth Movement (OCYM), the youth wing of the Malankara Orthodox 
    Church, Delhi Diocese, the award was presented to Dr. Sara George Muthoot for her outstanding 
    contribution in the field of Education. 
    Mr. MG George Muthoot, Chairman of The Muthoot Group, also received the prestigious award, 
    however was not available in person. Dr. Sara George Muthoot accepted the Award on his behalf. 

  • St. George's School Recognized in Top 10 Schools of South Delhi

    St. George's School Recognized in Top 10 Schools of South Delhi.  St. George's School ranks number 9 on schools in the South East Delhi Region.Media Coverage

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    St. George's School Recognized in Top 10 Schools of South Delhi

    St. George's School Recognized in Top 10 Schools of South Delhi.  St. George's School ranks number 9 on schools in the South East Delhi Region.

  • Muthoot Finance Embraces Kochi International Half Marathon

    Kochi, 4th December, 2013: 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 Mr. Leno Jacob, Corporation

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    Muthoot Finance Embraces Kochi International Half Marathon

    Kochi, 4th December, 2013: 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 Mr. Leno Jacob, Corporation Councilor, Cochin Corporation to Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd. The occasion was graced with the presence of Mr. Rajiv Pillai, Film actor. Other company officials present during the event included Mr. George M George, Executive Director Muthoot Finance Ltd, Mr. George M Jacob, Director, Muthoot Finance Ltd and 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. George Alexander Muthoot, and inaugural address presented by Mr. Tony Chammany.  

    The highlights of the event included all Muthoot Finance head office staff undertaking a pledge and lighting candles for making Kerala a better place and strive to do everything possible to transform the state and make it greener, eco friendly, pollution free for the citizens to lead a happy, healthy and prosperous lives.

    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. George Alexander 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”

  • The Muthoot Group eyes on a new Banking Licence.

    The Muthoot Group, with businesses across diverse sectors, has set its eyes on a new banking licence, 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

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    The Muthoot Group eyes on a new Banking Licence.

    The Muthoot Group, with businesses across diverse sectors, has set its eyes on a new banking licence, 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 standardised 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 organised sector from the unorganised 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 organised 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 licence. 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 licences. 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.

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

    A unique Under-16 T20 Cricket Series for Marginalised Students from Government-aided Schools in Delhi 14 day cricketing action to witness participation of 256 students from 16 Government-aided schools in DelhiWinner & runner-up teams to be rewarded with cash prizes worth Rs. 50,000 and Rs. 25,000 respectivelyBest player from each team to

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

    A unique Under-16 T20 Cricket Series for Marginalised 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- organised 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.

  • 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 DelhiNew 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

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    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 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. 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.

  • 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 centralised platform.

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    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 centralised 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 centralised control and better efficiencies. This award is indeed special to us as it recognises 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 centralised 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.

  • 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

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    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 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.

  • 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 –

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    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 favourable 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.  

  • 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

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    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 centre 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 organisation 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 speciality 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 honour 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.

  • Promoters of Muthoot Finance apply for Banking License

    Kochi July 1, 2013: M.G. George Muthoot, George Thomas Muthoot, George Jacob Muthoot, and George Alexander Muthoot, the promoters of Muthoot Finance Limited

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    Promoters of Muthoot Finance apply for Banking License

    Kochi July 1, 2013: M.G. George Muthoot, George Thomas Muthoot, George Jacob Muthoot, and George Alexander Muthoot, the promoters of Muthoot Finance Limited

  • Muthoot Finance Receives ‘In-Principle Authorisation’ from RBI to Establish White Label ATMs

    New Delhi, 26th June 2013: In a landmark development to revolutionise financial inclusion and financial services in India, Muthoot Finance Ltd.

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    Muthoot Finance Receives ‘In-Principle Authorisation’ from RBI to Establish White Label ATMs

    New Delhi, 26th June 2013: In a landmark development to revolutionise financial inclusion and financial services in India, Muthoot Finance Ltd.

  • A Leader must re-build strategy as per times- MG George Muthoot HT Interview

    MG George Muthoot, chairman, The Muthoot Group, has more than 55 years of industry experience and is a 3rd generation head of the group. Muthoot shares his best and worst leadership descisions and talks about other leadership issues with HT.

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    A Leader must re-build strategy as per times- MG George Muthoot HT Interview

    MG George Muthoot, chairman, The Muthoot Group, has more than 55 years of industry experience and is a 3rd generation head of the group. Muthoot shares his best and worst leadership descisions and talks about other leadership issues with HT.

  • 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 kids at a launch event in Ranchi today. The initiative is in association with Magic Bus

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    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 kids at 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, to 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, catalysing systemic change in the society. 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 a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too. 

  • 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

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    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 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,

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    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

  • 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

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    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 ocasision 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 Precious Metals Corporation unveiled its new engraved gold coin

    Muthoot Precious Metals Corporation unveiled its new engraved gold coin ‘Mecca Medina with holy number 786 imprint’. The coin exemplifies the holiest city and the auspicious number in the Islamic religion. The 24 carat gold coin with 999 purity comes in 2gms, 4gms and 8gms denomination in a temper proof

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    Muthoot Precious Metals Corporation unveiled its new engraved gold coin

    Muthoot Precious Metals Corporation unveiled its new engraved gold coin ‘Mecca Medina with holy number 786 imprint’. The coin exemplifies the holiest city and the auspicious number in the Islamic religion. The 24 carat gold coin with 999 purity comes in 2gms, 4gms and 8gms denomination in a temper proof blister packing.

    Besides having a sentimental and religious value, it is an ideal gift for marriages, an addition to the family heirloom and a collector’s item. The engraved gold coin is also an addition to our repertoire of engraved gold coins that consists of Lord Ganapati, Goddess Laxmi, Lord Padmanabha, Lord Ayappa, Shri Balaji, Lord Unnikrishnan, Lord Shivaji, Golden Temple, St. Alphonsa, St. Gregarious, Velankanni Mata, Mother Mary and St. George.

  • Muthoot Finance Ltd. Wins The Rotary Binani Zinc CSR Award

    Muthoot Finance Ltd. recently won the Rotary Binani Zinc CSR Award in recognition of the CSR programs conducted in the organization, it’s value creation by innovative sustainable business model, risk management compliance and corporate philanthropy. The award was presented by Mr. Shyam Srinivasan, Managing Director & CEO Federal Bank at

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    Muthoot Finance Ltd. Wins The Rotary Binani Zinc CSR Award

    Muthoot Finance Ltd. recently won the Rotary Binani Zinc CSR Award in recognition of the CSR programs conducted in the organization, it’s value creation by innovative sustainable business model, risk management compliance and corporate philanthropy. The award was presented by Mr. Shyam Srinivasan, Managing Director & CEO Federal Bank at Bolgotty Palace, Kochi. The award was given on 9th February 2013 and was received by Mr. K R Bijimon, Chief General Manager, Muthoot Finance Ltd.

    Muthoot Finance Ltd. runs the Muthoot M George Foundation in order to undertake all of its CSR activities. The foundation is actively involved in footing the medical bills for several hundred under privileged patients especially in the case of those individuals suffering from kidney failure or cancer. The Foundation also grants educational scholarships to underprivileged school/college children who demonstrate a talent in a their field. Projects towards reducing Carbon emissions via tree plantations are also frequently undertaken.

  • Muthoot Finance wins Skoch Financial Inclusion Award 2013

    Mr M G George Muthoot receiving the SKOCH Financial Inclusion Award 2013 from Mr Sameer Kochhar and Dr C Rangarajan On the occasion of Financial Inclusion Day, Muthoot Finance, the flagship company of The Muthoot Group won the coveted Skoch Financial Inclusion Award 2013. The award was conferred by Dr C

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    Muthoot Finance wins Skoch Financial Inclusion Award 2013

    Mr M G George Muthoot receiving the SKOCH Financial Inclusion Award 2013 from Mr Sameer Kochhar and Dr C Rangarajan

    On the occasion of Financial Inclusion Day, Muthoot Finance, the flagship company of The Muthoot Group won the coveted Skoch Financial Inclusion Award 2013. The award was conferred by Dr C Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister at Hotel Shangri-La, New Delhi. Muthoot Finance has received the award in recognition of its major initiative in the area of ‘Access to Banking and Financial Services’ to the aam aadmi who had been excluded from the country’s banking network for decades.

    Since its inception in 1939, Muthoot Finance has brought thousands of rural and semi-urban Indians into the banking net for the very first time by venturing into the last mile of the remotest rural areas of India. It is one of the first Indian companies to consider thousands of rural Indians as perfectly bankable even before the term ‘financial inclusion’ was coined. A pioneer in the Non-Banking Financial Company (NBFC) sector, it has been successful in making the unorganized sector into an organized sector and thus, saving the rural masses from the clutches of local money lenders. With a customer base of over 6 million and serving around 80,000 customers every day who seek loan against gold ornaments, Muthoot Finance has changed the concept of gold loan from a ‘last resort’ or ‘desperate loan’ option to a ‘lifestyle banking product’. It has made gold jewellery, which was considered to be a static asset and kept in the lockers of the houses few years back, an economically productive asset and an economy driver. The massive branch expansion has also led to a lot of employment opportunities in Tier II, III & IV cities.

  • Paul George Memorial Tournament

    Paul George Memorial Tournament - Gifted sportsmen win more than just a life changing victory. Education scholarship, free cricket training, chance to be part of IPL 6 and much more!

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    Paul George Memorial Tournament

    Paul George Memorial Tournament - Gifted sportsmen win more than just a life changing victory. Education scholarship, free cricket training, chance to be part of IPL 6 and much more!

  • St. George’s School Principal honoured with Gem of India Gold Medal

    (L-R) Mr. Alexander George Muthoot, Dr. Sara George Muthoot, Baroness Sandeep Verma & Mr. M.G George Muthoot at the Global Achievers Conclave St. George’s School Principal Dr. Sara George Muthoot has been honoured with the Gem of India Gold Medal at the recently held Global Achievers Conclave at House of Lords,

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    St. George’s School Principal honoured with Gem of India Gold Medal

    (L-R) Mr. Alexander George Muthoot, Dr. Sara George Muthoot, Baroness Sandeep Verma & Mr. M.G George Muthoot at the Global Achievers Conclave

    St. George’s School Principal Dr. Sara George Muthoot has been honoured with the Gem of India Gold Medal at the recently held Global Achievers Conclave at House of Lords, UK. Presented by Rt. Hon’ble Baroness Sandeep Verma, the award was conferred by NRI Welfare Society of India International Friendship Society (IIFS) to those Indians who have made considerable contribution, dominating all over the world in their field of profession and are creating wonders with their Midas touch.

  • Muthoot Group Wins Golden Peacock Award For Corporate Governance

    (L-R) - Mr. M.G George Muthoot, Rt Hon Eric Pickles MP, Mr. Ola Ullsten, Mr. Alexander George Muthoot & Lt Gen J S Ahluwalia Last week The Muthoot Group was awarded the Golden Peacock Award for Excellence in the field of Corporate Governance at the London Global Convention 2012. The event

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    Muthoot Group Wins Golden Peacock Award For Corporate Governance

    (L-R) - Mr. M.G George Muthoot, Rt Hon Eric Pickles MP, Mr. Ola Ullsten, Mr. Alexander George Muthoot & Lt Gen J S Ahluwalia

    Last week The Muthoot Group was awarded the Golden Peacock Award for Excellence in the field of Corporate Governance at the London Global Convention 2012. The event was graced by several dignitaries for all industries across the globe. Shri. M. G. George Muthoot, Chairman of The Muthoot Group & Shri Alexander George Muthoot, Director of The Muthoot Group, received the award on behalf of the group. The Golden Peacock Awards have been instituted since 1991 and are recognized worldwide as a hallmark of corporate excellence because of their independence, integrity and transparency. These awards provide an opportunity for self-assessment and help companies accelerate performance and competition. The Golden Peacock Awards lend worldwide recognition and prestige to the winners. Today the Golden Peacock Awards Secretariat receives over 1,000 entries per year for various National & Global awards from over 25 countries worldwide. The achievement of the Golden Peacock Award is the most speedy and powerful way to build your brand image. No business award today receives the kind of recognition and adulation among peers that the Golden Peacock does.

  • ‘Asian BFSI Award for Most Admired Loyalty Program’

    Muthoot Finance received the ‘Asian Sustainability Leadership Award for Best Rural Outreach’ and ‘BFSI Award for Most Admired Loyalty Program’ at a glittering ceremony at Taj Palace Hotel, Dubai. Mr. George Jacob Muthoot, Jt. Managing Director, The Muthoot Group received the Award on behalf of the company. The award was

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    ‘Asian BFSI Award for Most Admired Loyalty Program’

    Muthoot Finance received the ‘Asian Sustainability Leadership Award for Best Rural Outreach’ and ‘BFSI Award for Most Admired Loyalty Program’ at a glittering ceremony at Taj Palace Hotel, Dubai. Mr. George Jacob Muthoot, Jt. Managing Director, The Muthoot Group received the Award on behalf of the company. The award was conferred by H. E. Dr. Chea Chamroeun, Founder & President, Chamroeun University of Poly Technology (Cambodia) and Prof. Chetan Wakalkar, Group Director, Indira Group of Institutes (India).

  • Under-19 captain Unmukt Chand felicitated By Muthoot Group

    Always in the forefront to promote sports and celebrate sportsmanship, Muthoot Group, the team sponsorer of Delhi Daredevils felicitated India’s Under-19 captain and Delhi Daredevils star Unmukt Chand on his victorious win in the U-19 World Cup in a glittering ceremony at The Park Hotel, Bangalore. Shri George M Jacob,

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    Under-19 captain Unmukt Chand felicitated By Muthoot Group

    Always in the forefront to promote sports and celebrate sportsmanship, Muthoot Group, the team sponsorer of Delhi Daredevils felicitated India’s Under-19 captain and Delhi Daredevils star Unmukt Chand on his victorious win in the U-19 World Cup in a glittering ceremony at The Park Hotel, Bangalore. Shri George M Jacob, Director, Muthoot Group felicitated the player with the Delhi Daredevils Branded Gold coin memento. Present on the occasion were cricketer Unmukt Chand, George M Jacob (Director, Muthoot Group), Cherian Peter (GM – Marketing & Sales, Muthoot Group), Phaneendra P (GM - Sales & Marketing, GMR Sports) and other eminent dignitaries."

  • Business Excellence Award –2012

    The Trivandrum Chamber of Commerce and Industry conferred our Jt Managing Director, Shri George Jacob Muthoot with The Business Excellence Award –2012. The award was presented by Shri Kunhalikutty, Minister for Industries Information Technology and Urban Affairs, Kerala amid a gathering of eminent dignitaries."

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    Business Excellence Award –2012

    The Trivandrum Chamber of Commerce and Industry conferred our Jt Managing Director, Shri George Jacob Muthoot with The Business Excellence Award –2012. The award was presented by Shri Kunhalikutty, Minister for Industries Information Technology and Urban Affairs, Kerala amid a gathering of eminent dignitaries."

  • St. George’s School felicitates IAS topper Ravi Dhawan

    St. George’s School organized a felicitation function in the honour of its student, Ravi Dhawan who achieved 6th rank in the Civil Services (IAS) exam. The function took place today at the school premises in Alaknanda, New Delhi. Present on the occasion were the school principal, vice principal, teachers, students

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    St. George’s School felicitates IAS topper Ravi Dhawan

    St. George’s School organized a felicitation function in the honour of its student, Ravi Dhawan who achieved 6th rank in the Civil Services (IAS) exam. The function took place today at the school premises in Alaknanda, New Delhi. Present on the occasion were the school principal, vice principal, teachers, students and other school staff who could be seen cheering enthusiastically."

  • Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times.

    IT has helped enhance speed and convenience” NBFCs have also joined the bandwagon. Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times.

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    Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times.

    IT has helped enhance speed and convenience” NBFCs have also joined the bandwagon. Alexander George Muthoot, director Muthoot Group, shared his views with Economic Times.

  • Students of University of North Carolina visited Muthoot’s corporate office in Cochin.

    MBA Students of Kenan Flagler Business School, University of North Carolina ,who were on a fields study tour, visited our Corporate Office Cochin on 10th March 2012. Seen in the picture are Jayasankar M Swaminathan GlaxoSmithKline Distinguished Professor of Operations , Technology and Operations Management, Muthoot Group Managing Director Mr.

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    Students of University of North Carolina visited Muthoot’s corporate office in Cochin.

    MBA Students of Kenan Flagler Business School, University of North Carolina ,who were on a fields study tour, visited our Corporate Office Cochin on 10th March 2012. Seen in the picture are Jayasankar M Swaminathan GlaxoSmithKline Distinguished Professor of Operations , Technology and Operations Management, Muthoot Group Managing Director Mr. George Alexander Muthoot & Vice President Mr. George M Alexander along with the students.

  • 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

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    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.

  • 7th International Conference on CORPORATE SOCIAL RESPONSIBILITY at the Dubai Global Convention 2012.

    In this Convention, Shri M.G. George Muthoot (Chairman Muthoot Group) was the Chairperson and Moderator for the Session on "Transparency & Accountability for Effective CSR" 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.

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    7th International Conference on CORPORATE SOCIAL RESPONSIBILITY at the Dubai Global Convention 2012.

    In this Convention, Shri M.G. George Muthoot (Chairman Muthoot Group) was the Chairperson and Moderator for the Session on "Transparency & Accountability for Effective CSR"

    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.

  • Award for CSR

    Golden Peacock Award for CSR being conferred upon Muthoot Finance Ltd. in the Financial Services sector.

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    Award for CSR

    Golden Peacock Award for CSR being conferred upon Muthoot Finance Ltd. in the Financial Services sector.

  • Muthoot Group - the only sponsor to launch a Gold Coin for its team

    On 31st of March, 2012 Muthoot Precious Metals Corporation, a flagship company of The Muthoot Group unveiled its latest coin - a special Muthoot-Delhi Daredevils Gold Coin , embedded in a beautiful elephant tuskers memento with the coin embedded alongside a cricket bat with the autographs of 5 top line

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    Muthoot Group - the only sponsor to launch a Gold Coin for its team

    On 31st of March, 2012 Muthoot Precious Metals Corporation, a flagship company of The Muthoot Group unveiled its latest coin - a special Muthoot-Delhi Daredevils Gold Coin , embedded in a beautiful elephant tuskers memento with the coin embedded alongside a cricket bat with the autographs of 5 top line International Cricket Players. The memento is a collector's item, a true pride for any avid Daredevils fan to own.

  • Business Leadership’ for the year 2012 at Golden Peacock Awards

    Shri. M. G. George Muthoot, Chairman, Muthoot Group has been conferred with 'Business Leadership’ for the year 2012' at Golden Peacock Awards, Bangalore in the presence of Hon’ble Union Minister for Corporate Affairs, Dr M. Veerappa Moily on 20. 01. 2012. Commenting on this occasion our Chairman said, “This award reiterates

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    Business Leadership’ for the year 2012 at Golden Peacock Awards

    Shri. M. G. George Muthoot, Chairman, Muthoot Group has been conferred with 'Business Leadership’ for the year 2012' at Golden Peacock Awards, Bangalore in the presence of Hon’ble Union Minister for Corporate Affairs, Dr M. Veerappa Moily on 20. 01. 2012.

    Commenting on this occasion our Chairman said, “This award reiterates our leadership position in the business of Gold Loans and also the trust we enjoy among our customers for more than seven decades”. He further added, “We as an organisation have built this business from scratch to become India’s largest gold loan company.”

  • Asian Business man of the year 2011

    Shri M.G. George Muthoot", Chairman of Muthoot Group was honored in the parliament by the UK Kerala Business Forum, wherein he was declared the "Asian Businessman of the Year 2011" The award was presented by shadow minister for Employment Mr Stephen Timms MP, as a recognition of Shri M.G. George Muthoot's

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    Asian Business man of the year 2011

    Shri M.G. George Muthoot", Chairman of Muthoot Group was honored in the parliament by the UK Kerala Business Forum, wherein he was declared the "Asian Businessman of the Year 2011"

    The award was presented by shadow minister for Employment Mr Stephen Timms MP, as a recognition of Shri M.G. George Muthoot's hard Work in making his company, the third most successful company in India.

  • "Shri M.G. George Muthoot" ,"50" richest man in India

    Forbes magazine acknowledges "Shri M.G. George Muthoot" as th "50" richest man in India.

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    "Shri M.G. George Muthoot" ,"50" richest man in India

    Forbes magazine acknowledges "Shri M.G. George Muthoot" as th "50" richest man in India.

  • Felicitation at Delhi

    by the Delhi Malayalee Association on 8th September 2011 at Sirifort Auditorium. New Delhi.

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    Felicitation at Delhi

    by the Delhi Malayalee Association on 8th September 2011 at Sirifort Auditorium. New Delhi.

  • Businessman of the Decade Award

    by World Malayalee Council on 10th September 2011 at Gokulam Convention Centre, Kochi

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    Businessman of the Decade Award

    by World Malayalee Council on 10th September 2011 at Gokulam Convention Centre, Kochi

  • Life Time Achievement Award

    Shri M.G. George Muthoot", Chairman of The Muthoot Group has been honored with Life Time Achievement Award for his outstanding contribution to business, religion and social field by Delhi Panchvadya Trust (Regd), a charitable organization engaged in promotion of traditional art and culture, at their Annual Function in Delhi on

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    Life Time Achievement Award

    Shri M.G. George Muthoot", Chairman of The Muthoot Group has been honored with Life Time Achievement Award for his outstanding contribution to business, religion and social field by Delhi Panchvadya Trust (Regd), a charitable organization engaged in promotion of traditional art and culture, at their Annual Function in Delhi on 16th January 2011. Other noted dignitaries present for this award ceremony were Mr.K.V.Thomas - State Agriculture Minister, and Mr.T.K.A Nair - Principal Secretary to the Prime Minister of India among others.

  • TIMES OF INDIA award for Excellence in Bussiness

    Mr. George Alexander Muthoot, Managing Director, The Muthoot Group, receiving the TIMES OF INDIA award for Excellence in Bussiness from Shri. M.M jacob, former Governor of Meghalaya, on March 6, 2009 at Cochin.

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    TIMES OF INDIA award for Excellence in Bussiness

    Mr. George Alexander Muthoot, Managing Director, The Muthoot Group, receiving the TIMES OF INDIA award for Excellence in Bussiness from Shri. M.M jacob, former Governor of Meghalaya, on March 6, 2009 at Cochin.

  • Awards to "Shri M.G. George Muthoot", Chairman of The Muthoot Group

    In 2008, Mr "Shri M.G. George Muthoot" won the 8th Marthoma Mathews Memorial Award for his contributions to the society and exceptional social services.

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    Awards to "Shri M.G. George Muthoot", Chairman of The Muthoot Group

    In 2008, Mr "Shri M.G. George Muthoot" won the 8th Marthoma Mathews Memorial Award for his contributions to the society and exceptional social services.

  • Shri M.G. George Muthoot", Chairman of The Muthoot Group Delivering acceptance Speech

    The Open International University, Colombo has awarded Ph.D to our MD – Mr. George Alexander Muthoot, for his research and thesis on “Non-Traditional Banking with special reference to Gold”. The Doctorate was awarded in a glittering ceremony held in Colombo on 12th November 2007 which ministers from Govt. of Srilanka,

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    Shri M.G. George Muthoot", Chairman of The Muthoot Group Delivering acceptance Speech

    The Open International University, Colombo has awarded Ph.D to our MD – Mr. George Alexander Muthoot, for his research and thesis on “Non-Traditional Banking with special reference to Gold”. The Doctorate was awarded in a glittering ceremony held in Colombo on 12th November 2007 which ministers from Govt. of Srilanka, representatives from British Royal family and many other dignitaries were present.

    The Open International University is founded under the guidelines of W.H.O. in the year 1962 in Kazakhstan, in the erstwhile Soviet Union. This was subsequently shifted to Netherlands and then to Colombo. The university has now affiliation in 160 Countries.

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