Latest news with #MuthootFinCorp
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Business Standard
04-07-2025
- Business
- Business Standard
Muthoot FinCorp launches Tranche VI NCD issue to raise ₹290 crore
Muthoot FinCorp (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has launched the Tranche VI issue of secured, redeemable non-convertible debentures (NCDs), with a total size of up to Rs 290 crore. The issue opened on Friday (4 July) and will close on 17 July, with an option for early closure. The Tranche VI issue has a base size of Rs 100 crore with a green-shoe option of Rs 190 crore, aggregating to Rs 290 crore. Each NCD has a face value of Rs 1,000. The NCDs under the Tranche VI issue are being offered with maturity/tenure options of 24, 36, 60, and 72 months, with monthly, annual, and cumulative interest payment options. Effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.20 per cent to 9.80 per cent. This offering is intended to support lending, financing, and repayment/prepayment of interest and principal on existing borrowings, and to meet general corporate requirements. Muthoot FinCorp aims to raise up to Rs 290 crore, which is within the shelf limit of Rs 2,000 crore. These NCDs have been rated 'Crisil AA-/Stable' (pronounced as Crisil double A minus rating with a Stable outlook) by Crisil Ratings, reflecting the high degree of safety regarding timely service of financial obligations, the company said. It is proposed that these NCDs will be listed on the debt market segment of the BSE. All individual investors applying through intermediaries (viz. syndicate members, registered stockbrokers, registrar to an issue and transfer agent, and depository participants), where the application amount is up to Rs 5 lakh, shall only use UPI for the purpose of blocking of funds and provide his/her bank account-linked UPI ID in the bid-cum-application form submitted with intermediaries. However, individual investors shall continue to have the choice of availing other modes (viz. through SCSBs and stock exchange platform) for making an application in the public issue. Muthoot FinCorp has accelerated ease of investment through the Muthoot FinCorp ONE app, where customers can invest at any time and from anywhere. The UPI investing through an app reinforces the firm's strong offline network of over 3,700 branches. 'We are delighted to introduce our new NCD series, presenting investors with a safe, high-return investment proposition. With easy accessibility via our extensive network of more than 3,700 branches, digital platform Muthoot FinCorp ONE (for investments of up to Rs 5 lakh), and partner ecosystem, this launch is a further testimony to our promise of bringing innovative, inclusive, and customer-centric financial solutions that address the changing needs of modern-day investors,' said Shaji Varghese, Chief Executive Officer, Muthoot FinCorp Limited.
Business Standard
03-07-2025
- Business
- Business Standard
SPARK-ing a Movement: Muthoot FinCorp SPARK Awards to celebrate Unsung Heroes of India's Small Businesses
VMPL New Delhi [India], July 3: Muthoot FinCorp, one of India's leading NBFCs and flagship Company of 138-year-old Muthoot Pappachan Group, also known as Muthoot Blue, announces the launch of Muthoot FinCorp SPARK Awards - a first of its kind initiative to celebrate India's small business owners. The initiative aims to provide a platform for recognizing the resilience, innovation, and contributions of India's small businesses -- the real drivers of our economy. With Muthoot FinCorp SPARK Awards, the Company takes a bold step forward to shine a national spotlight on these entrepreneurs and their journey. The participants can be from varied industries and the nominations are open to all small business owners across the country. There are seven different categories - Lifetime Achievement Award, Women Entrepreneur of the Year, Emerging Leader of the Year, Innovators of the Year, Tech Trailblazer, Social Impact Leader, Fastest Growing Business. Nominations are free and open till July 10, 2025 - or visit The Muthoot FinCorp SPARK Awards offer national recognition, expert business mentorship, and an exclusive, fully-sponsored trip for winners and one family member to attend a grand award ceremony -- where they will share the stage with Bollywood icon Shah Rukh Khan. Designed to connect with the most underserved yet high-potential segment of India's entrepreneurial landscape, the Muthoot FinCorp SPARK Awards underscores the Company's Purpose-driven vision. Winners will be selected by an independent jury of respected industry leaders, ensuring a credible and transparent evaluation process. "Muthoot FinCorp SPARK Awards is not just an event, but we want it to SPARK a movement that uplifts and supports the entire small business community. Through this unique initiative, we aim to honour the spirit of resilience and innovation that defines India's small business owners. Every participant will have access to knowledge, tools, and mentorship that can help them grow. This initiative reflects our deep and long-standing commitment to empowering grassroots entrepreneurs -- not just with financial support, but with the recognition and encouragement they truly deserve," said Mr. Shaji Varghese, CEO, Muthoot FinCorp. With over 3,700 branches across India and a robust digital network, Muthoot FinCorp is uniquely positioned to reach entrepreneurs in urban, semi-urban, and rural markets. The Muthoot FinCorp SPARK Awards further reinforces the company's mission to unlock opportunity and drive progress from the ground up. 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
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).
United News of India
28-05-2025
- Business
- United News of India
Muthoot FinCorp appoints Dr. Apoorva Javadekar as Chief Economist
Kochi, May 28 (UNI) Muthoot FinCorp, the flagship company of the 138-year-old business conglomerate Muthoot Pappachan Group, also known as Muthoot Blue, has announced the appointment of Dr. Apoorva Javadekar as Chief Economist. Dr. Javadekar is a distinguished economist whose career spans top-tier academic, research, and policy institutions. He has previously served as Assistant Professor of Finance at the Indian School of Business and as Research Director at CAFRAL, an institution promoted by the Reserve Bank of India. His research on Indian banking and international finance has shaped the RBI's internal discussions and has been featured in prestigious forums such as the IMF, Federal Reserve Bank, American Finance Association, and various ministries within the Indian government. He also served as a member of the Research Advisory Committee formed by SEBI. As Chief Economist, Dr. Javadekar will lead economic and market research, provide insights into household balance sheets and sectoral trends, and support data-driven decision-making across the Group's businesses. His leadership will be vital as Muthoot FinCorp deepens its commitment to financial inclusion, affordable credit, and customer-centric innovation. 'My focus will be on delivering data-driven, actionable economic insights to drive informed decision-making and fuel business growth. We aim to build a solid economic research program at Muthoot FinCorp to better understand Indian credit markets, the role of gold in the credit ecosystem, and Indian household balance sheets. We plan to partner with regulators and prominent academic institutions in doing so. I'm excited to contribute to Muthoot FinCorp's continued success and growth, building on its strong foundation and heritage,' Dr. Apoorva Javadekar said. UNI DS SSP
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Business Standard
26-05-2025
- Business
- Business Standard
Muthoot FinCorp Q4 results: Profit dips 20% to ₹192 cr despite revenue rise
Muthoot FinCorp, a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025. The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24. The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement. Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added. For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24. At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year. The board has also approved a proposal to raise up to Rs 8,000 crore through non-convertible debentures (NCDs), subordinated debt, perpetual debt, and commercial papers (CPs) during the current financial year, to support the company's growth and capital requirements, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
