Latest news with #ABECA
New Indian Express
6 hours ago
- Business
- New Indian Express
ABECA demands probe into Haldia energy's electoral bond purchases over tariff impact concerns
KOLKATA: The issue of electoral bonds has resurfaced this time in West Bengal. Fearing that the purchase of electoral bonds may have a direct impact on consumer power tariffs in Kolkata and its adjoining areas, the All Bengal Electricity Consumers' Association (ABECA), an organisation reAccording to the Election Commission of India's website, HEL a company under the RP-Sanjiv Goenka Group purchased 395 electoral bonds worth ₹377 crore in electricity consumers in the state, has called for a thorough investigation. The SUCI (Communist)-backed body has urged the West Bengal Electricity Regulatory Commission (WBERC) to examine whether the purchase of electoral bonds by Haldia Energy Limited (HEL) could result in additional financial burden on consumers. According to the Election Commission of India's website, HEL a company under the RP-Sanjiv Goenka Group purchased 395 electoral bonds worth ₹377 crore in 2019. In a letter addressed to the WBERC Chairman, ABECA alleged that it had identified several lapses in the Annual Performance Review (APR) orders of both HEL and CESC. CESC, also part of the RP-Sanjiv Goenka Group, is the sole electricity distributor for nearly 40 lakh consumers in and around Kolkata.
Business Standard
10-06-2025
- Business
- Business Standard
Muthoot FinCorp Emerges as People - First Brand with Triple Honors at AmbitionBox Employee Choice Awards 2025
VMPL Trivandrum [India], June 10: Muthoot FinCorp Ltd. (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group also known as Muthoot Blue, has been recognized with three prestigious honours at the AmbitionBox Employee Choice Awards (ABECA) 2025, reinforcing its reputation as a people-first organisation. The company has won accolades in the categories of Top Rated Financial Services Company, Top Rated Company for Women and Top Rated Large Company. These awards are based solely on verified employee feedback on AmbitionBox, India's most trusted employee review platform. The recognitions underscore Muthoot FinCorp's ongoing commitment to creating an inclusive, empowering, and progressive work environment for over 27,000 employees across the country. Purely based on employee feedback, Muthoot FinCorp is among the few NBFCs to be recognised across multiple categories at the AmbitionBox Employee Choice Awards 2025. These awards are determined through an independent and transparent process, relying solely on reviews and ratings shared by current and former employees. Muthoot FinCorp's achievement is a reflection of its strong employer brand, inclusive workplace culture, and consistent efforts to empower employees across roles, regions, and hierarchies. On being awarded on this achievement, Shaji Varghese, CEO of Muthoot FinCorp Limited (MFL), said: "We are deeply honoured by these recognitions from AmbitionBox, especially because they reflect the authentic voice of our people--the very foundation of our organisation. At Muthoot FinCorp, we believe that a truly successful company is built not just on financial performance, but on the strength of its people, values, and culture. These awards reaffirm our commitment to nurturing a workplace where every individual feels valued, empowered, and inspired to grow. We have consistently invested in building an inclusive and purpose-driven culture that encourages diversity of thought, celebrates merit, and supports the holistic development of our employees. This recognition motivates us to continue creating meaningful employee experiences and enabling careers that transform lives--within and beyond the organisation." Suresh Kumar Sivaraj, Chief Human Resources Officer, Muthoot FinCorp said, " These three honours are a testament to our People First culture and the inclusive values that define Muthoot FinCorp. We've built a workplace where talent is nurtured, growth is championed, and every individual feels valued and respected. Having more than 10,000 women Muthootians and being recognised as a Top Rated Company for Women underscores our unwavering commitment to safety, equity, and empowerment. Every review, every rating, reflects the trust our employees place in us--and the responsibility we proudly carry forward. At Muthoot FinCorp,People First is more than a motto--it's our guiding principle. We believe work should offer a larger purpose, aligned with organisation's Purpose of transforming the lives of the common man. We remain dedicated to ensuring every Muthootian finds meaning in their journey and to continually raising the bar for employee experience and organizational excellence." With a network of over 3,700 branches across India, Muthoot FinCorp has evolved from a gold loan provider into a comprehensive financial services company--offering small business loans, vehicle finance, money transfers, and more. Backed by the century-old legacy of the Muthoot Pappachan Group, the company blends trust with innovation to serve a diverse customer base across urban and rural India. Rooted in its core values of trust, simplicity, and accessibility, Muthoot FinCorp remains committed to driving financial empowerment and innovation. These recognitions further strengthen its resolve to deliver inclusive, customer-centric solutions that shape the future of finance in India. The awards come close on the heels of Muthoot FinCorp being named a Superbrand, a globally respected benchmark for excellence in branding and consumer trust. This dual recognition from both employees and customers further validates the company's people-driven and purpose-led growth journey. About Muthoot FinCorp Muthoot FinCorp Limited, the flagship company of 138-year-old business conglomerate Muthoot Pappachan Group, is India's leading Non-Banking Financial Company (NBFC) with an aim to transform the lives of common man by ensuring their financial wellbeing through an array of varied products and services. The Company today offers more than two dozen products and services through its 3700+ branches across India and aims to serve the underbanked, to be their most trusted financial partner, and ensure financial inclusion of every household in India. Muthoot FinCorp's long-standing experience, expertise and stronghold in the semi urban and rural areas has enabled the company to provide quick & customized finance options to the masses. About Muthoot Pappachan Group Founded in 1887, Muthoot Pappachan Group (MPG) is a significant entity in the Indian business landscape with nationwide presence and tailor-made products and services for its customers. The Group which planted its roots in retail trading, later diversified into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Precious Metals, and Alternate Energy. With Muthoot FinCorp Limited as its Flagship Company and Bollywood icon Shah Rukh Khan as its brand ambassador, Muthoot Pappachan Group (MPG) today stands as a formidable presence in India. With over 47000 Muthootians and a vast network of over 5200 branches across the country, the Group is deeply committed to Environmental, Social, and Governance (ESG) excellence aiming to create a long-term value for its stakeholders while contributing to a more sustainable and equitable future. Muthoot Pappachan Foundation, the CSR arm of the group facilitates the CSR activities for the entire Group companies focusing on Health, Education, Environment and Livelihood (HEEL).
Business Standard
28-05-2025
- Business
- Business Standard
Winners of AmbitionBox Employee Choice Awards 2025 Announced: Celebrating India's Most Loved Workplaces
VMPL New Delhi [India], May 28: AmbitionBox, India's No. 1 platform for company reviews and salary insights, has announced the ABECA 2025 - AmbitionBox Employee Choice Awards, the largest employee-driven workplace awards in the country. Now in its fourth edition, ABECA 2025 honors 127 companies across 16 categories, based on 12 lakh employee reviews. Only reviews from employees who worked in the company during calendar year 2024 were considered, making the awards an authentic reflection of workplace culture and employee sentiment. Unlike traditional awards, ABECA has no jury. Winners are decided solely by employees, giving a voice to those who matter most. The awards span across company sizes and sectors--from tech startups to manufacturing giants--recognizing those that put employee well-being and culture first. This year's spotlight continues to recognise Top-Rated Companies for Women as a special category, celebrating employers that lead on diversity, work-life balance, and career growth for women professionals. "ABECA is more than an award--it's a movement powered by real employee voices," said Mayur Mundada, Founder & Business Head, AmbitionBox. "We're proud to champion companies that truly prioritize people." Notably, non-tech companies once again dominated the top spots in key categories. Here's a snapshot of the big winners: * Top-Rated Mega Companies (50,000+ employees): Mahindra & Mahindra, Tata Steel, Shriram Finance, Reliance Industries, L & T * Top-Rated Large Companies (10,001-50,000 employees): Muthoot Fincorp, Equitas SFB, Hindalco, Lupin, Schneider Electric * Top-Rated Mid-Sized Companies (500-10,000 employees): DB Power, Kogta Financial, Prince Pipes, V-Guard, Tietoevry * Top-Rated Tech Startups (501-1,000 employees): Zetwerk, Udaan, Wakefit, PhonePe, Zypp Electric * Top-Rated Companies for Women: Amazon, LTIMindtree, IBM, ICICI Bank, Muthoot Fincorp Awards were also announced across 11 key industries, including IT/ITES, Internet/Product, Banking, Pharma, Retail, and more. Explore the full ABECA 2025 Winners List on AmbitionBox. About Ambition Box: AmbitionBox is India's No. 1 platform for company reviews and salary insights, which boasts 1.5 crore registered users, 80 lakh reviews, and 4 crore salary insights, underscoring the platform's credibility and reach. It is an online platform for users to search and share company reviews, salaries, interview questions, and more. Launched in 2015, the platform benefits both job seekers and employers, offering employers to improve their employer brand through various tools, encourage employee reviews, showcase their work culture, amplify their employer brand, and gain actionable insights about their company from genuine feedback.
