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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).
Economic Times
17-05-2025
- Business
- Economic Times
Mind Over Money: From Mt. Everest Base Camp to boardroom - Shaji Varghese on fitness as a foundation for leadership
Q) Thanks for taking the time out. How many marathons have you completed and is this one of the way you keep yourself mentally fit day in and day out? Live Events Q) You even trekked to Everest Base Camp. What drives your commitment to physical fitness, and how has it shaped your leadership journey? Q) How do you prepare—physically and mentally—for endurance events like the TATA Mumbai Marathon or high-altitude treks? Q) What does your typical wellness or fitness routine look like during a busy work week? Q) You've implemented wellness-focused initiatives like the Muthoot Health Triangle and Diversity Club. What inspired you to make wellness a leadership priority? Q) You've curated a physical library in the office with impactful titles. Why is fostering a learning culture important to you? Q) Among the books you've recently read—such as Atomic Habits and Thinking in Systems—which one has had the biggest influence on your approach to leadership and why? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In an era where boardroom stress and relentless schedules often sideline personal wellness, Shaji Varghese , CEO of Muthoot FinCorp , offers a refreshing perspective — one where fitness fuels focus, and discipline off the track drives decision-making at the over three dozen marathons under his belt and an unforgettable trek to the Everest Base Camp, Shaji isn't just running for physical health — he's running to stay grounded, self-aware, and sharp as a this candid conversation for our Mind Over Money segment, he shares how his journey through endurance sports, habit-building, and wellness initiatives has shaped not only his leadership style but also the culture he champions at Muthoot FinCorp. Edited Excerpts –Running has been a transformative experience for me, with over three dozen marathons under my belt in the past 3-4 years, including two full me, running is a form of meditation – a chance to connect with myself and reflect. While it's a group activity, marathons remind me that ultimately, I'm running my own my passion for running has been a catalyst for positive change, helping me develop healthier habits and a more organized lifestyle.I've started prioritizing early sleep and nutritious eating, and I've become more mindful of my overall well-being. Running has taught me discipline and self-awareness, and I'm grateful for the impact it's had on my to physical fitness taught me the power of habits. Small, consistent progress can have a profound impact over time. When I started running, completing a 42km marathon seemed by focusing on tiny, incremental gains – just 1% improvement each week – I achieved remarkable progress. Consistent training and dedication paid off on my Everest Base Camp trek, where I pushed my limits and achieved new principle applies beyond fitness: setting realistic goals and making gradual improvements can lead to significant a person, I've learned to prioritize my own growth and accountability. Health is a personal responsibility, while my job is a means to fulfil my larger life prioritizing my physical well-being, I've been able to prevent lifestyle diseases and maintain a balanced personal and professional discipline I've developed through running has been invaluable, allowing me to achieve more and live a more purposeful has become second nature to me. For long marathons, I make sure to log at least 35 km in the preceding days to prepare for the 42 km challenge. High-altitude treks are a testament to the endurance built over year was fulfilling, as I achieved three personal goals: participating in the Tata Mumbai Marathon, running kilometres equal to my age on my birthday, and completing the Everest Base Camp diving, para gliding, ice skating, wild life safari, hot air balloon ride, experiencing Northern Lights are few others I have crossed off my list.I'm excited to pursue more aspirations this year. I am thrilled to share that I look forward to running the full marathon at the Athens Marathon in November 2025 - crossing the historic Panathenaic Stadium of Athens will be an unforgettable I plan to explore deep sea water swimming this year along with a run at the Ladakh marathon if all goes well.I prioritize staying active every day. My weekly routine includes long-distance running on Tuesdays, Thursdays, and one weekend day, which helps me build endurance and challenge Wednesdays and Fridays, I focus on stretch exercises, mobility, or flexibility workouts to maintain flexibility and prevent injuries. Exercise isn't just about physical health; it's also a great way to clear my mind and boost making time for physical activity, I'm able to tackle my work responsibilities with more enthusiasm and efficiency, while also enjoying a better work-life balance.I firmly believe that life itself is the most precious thing we have, and good physical and mental health is crucial for overall happiness is intricately linked to personal happiness – it's challenging to compartmentalize joy and work-life balance means finding happiness in both your professional and personal life, effortlessly navigating between the two, and feeling eager to be in both places.I think organizations play a vital role in fostering a healthy work environment. When colleagues prioritize their health, it benefits not only themselves but also the organization and society as a whole.I must credit Muthoot Fincorp for the Muthoot Health Triangle (MHT) initiative - a significant milestone for Muthootians promoting physical, intellectual, and spiritual well-being for Muthootians; and I encourage my people to be part of the MHT initiatives ensuring their holistic promoting well-being, organizations can unlock their people's full potential, drive growth, and contribute to a healthier, more productive communityIn today's rapidly changing world, continuous learning is essential for survival and growth. By upgrading our skills and knowledge, we not only enhance our own productivity but also contribute to the organization's high-quality books is an excellent way to broaden our perspectives and improve our library is designed to support this pursuit of knowledge, with carefully curated books that will benefit our Muthootians, organization, and the wider prioritize knowledge acquisition, recognizing that it's a key driver of progress. We encourage Muthootians to utilize their time effectively by reading and learning, rather than getting caught up in non-productive activities. By putting knowledge first, we can stay ahead of the curve and achieve our both books are good, my recent favorite book is 'The Courage to Be Disliked' by Ichiro Kishimi and Fumitake Koga. This book has been a catalyst for self-discovery, helping me gain valuable insights into my own thoughts and has profoundly impacted my leadership journey, broadened my perspective and helped me in informed books, I've developed a more nuanced understanding of life and leadership, enabling me to approach challenges with greater clarity and me say that books and reading have had a profound impact on my life as a whole, and am sure it will continue to do so.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times
Time of India
17-05-2025
- Business
- Time of India
Mind Over Money: From Mt. Everest Base Camp to boardroom - Shaji Varghese on fitness as a foundation for leadership
Shaji Varghese, CEO of Muthoot FinCorp, integrates fitness into his leadership, completing numerous marathons and trekking to Everest Base Camp. He emphasizes habit-building and wellness, which have shaped his leadership style and company culture. Varghese promotes initiatives like the Muthoot Health Triangle and fosters a learning environment through a curated library, highlighting the importance of continuous growth and well-being. Tired of too many ads? Remove Ads Q) Thanks for taking the time out. How many marathons have you completed and is this one of the way you keep yourself mentally fit day in and day out? Tired of too many ads? Remove Ads Q) You even trekked to Everest Base Camp. What drives your commitment to physical fitness, and how has it shaped your leadership journey? Tired of too many ads? Remove Ads Q) How do you prepare—physically and mentally—for endurance events like the TATA Mumbai Marathon or high-altitude treks? Q) What does your typical wellness or fitness routine look like during a busy work week? Q) You've implemented wellness-focused initiatives like the Muthoot Health Triangle and Diversity Club. What inspired you to make wellness a leadership priority? Q) You've curated a physical library in the office with impactful titles. Why is fostering a learning culture important to you? Q) Among the books you've recently read—such as Atomic Habits and Thinking in Systems—which one has had the biggest influence on your approach to leadership and why? In an era where boardroom stress and relentless schedules often sideline personal wellness, Shaji Varghese , CEO of Muthoot FinCorp , offers a refreshing perspective — one where fitness fuels focus, and discipline off the track drives decision-making at the over three dozen marathons under his belt and an unforgettable trek to the Everest Base Camp, Shaji isn't just running for physical health — he's running to stay grounded, self-aware, and sharp as a this candid conversation for our Mind Over Money segment, he shares how his journey through endurance sports, habit-building, and wellness initiatives has shaped not only his leadership style but also the culture he champions at Muthoot FinCorp. Edited Excerpts –Running has been a transformative experience for me, with over three dozen marathons under my belt in the past 3-4 years, including two full me, running is a form of meditation – a chance to connect with myself and reflect. While it's a group activity, marathons remind me that ultimately, I'm running my own my passion for running has been a catalyst for positive change, helping me develop healthier habits and a more organized lifestyle.I've started prioritizing early sleep and nutritious eating, and I've become more mindful of my overall well-being. Running has taught me discipline and self-awareness, and I'm grateful for the impact it's had on my to physical fitness taught me the power of habits. Small, consistent progress can have a profound impact over time. When I started running, completing a 42km marathon seemed by focusing on tiny, incremental gains – just 1% improvement each week – I achieved remarkable progress. Consistent training and dedication paid off on my Everest Base Camp trek, where I pushed my limits and achieved new principle applies beyond fitness: setting realistic goals and making gradual improvements can lead to significant a person, I've learned to prioritize my own growth and accountability. Health is a personal responsibility, while my job is a means to fulfil my larger life prioritizing my physical well-being, I've been able to prevent lifestyle diseases and maintain a balanced personal and professional discipline I've developed through running has been invaluable, allowing me to achieve more and live a more purposeful has become second nature to me. For long marathons, I make sure to log at least 35 km in the preceding days to prepare for the 42 km challenge. High-altitude treks are a testament to the endurance built over year was fulfilling, as I achieved three personal goals: participating in the Tata Mumbai Marathon, running kilometres equal to my age on my birthday, and completing the Everest Base Camp diving, para gliding, ice skating, wild life safari, hot air balloon ride, experiencing Northern Lights are few others I have crossed off my list.I'm excited to pursue more aspirations this year. I am thrilled to share that I look forward to running the full marathon at the Athens Marathon in November 2025 - crossing the historic Panathenaic Stadium of Athens will be an unforgettable I plan to explore deep sea water swimming this year along with a run at the Ladakh marathon if all goes well.I prioritize staying active every day. My weekly routine includes long-distance running on Tuesdays, Thursdays, and one weekend day, which helps me build endurance and challenge Wednesdays and Fridays, I focus on stretch exercises, mobility, or flexibility workouts to maintain flexibility and prevent injuries. Exercise isn't just about physical health; it's also a great way to clear my mind and boost making time for physical activity, I'm able to tackle my work responsibilities with more enthusiasm and efficiency, while also enjoying a better work-life balance.I firmly believe that life itself is the most precious thing we have, and good physical and mental health is crucial for overall happiness is intricately linked to personal happiness – it's challenging to compartmentalize joy and work-life balance means finding happiness in both your professional and personal life, effortlessly navigating between the two, and feeling eager to be in both places.I think organizations play a vital role in fostering a healthy work environment. When colleagues prioritize their health, it benefits not only themselves but also the organization and society as a whole.I must credit Muthoot Fincorp for the Muthoot Health Triangle MHT ) initiative - a significant milestone for Muthootians promoting physical, intellectual, and spiritual well-being for Muthootians; and I encourage my people to be part of the MHT initiatives ensuring their holistic promoting well-being, organizations can unlock their people's full potential, drive growth, and contribute to a healthier, more productive communityIn today's rapidly changing world, continuous learning is essential for survival and growth. By upgrading our skills and knowledge, we not only enhance our own productivity but also contribute to the organization's high-quality books is an excellent way to broaden our perspectives and improve our library is designed to support this pursuit of knowledge, with carefully curated books that will benefit our Muthootians, organization, and the wider prioritize knowledge acquisition, recognizing that it's a key driver of progress. We encourage Muthootians to utilize their time effectively by reading and learning, rather than getting caught up in non-productive activities. By putting knowledge first, we can stay ahead of the curve and achieve our both books are good, my recent favorite book is 'The Courage to Be Disliked' by Ichiro Kishimi and Fumitake Koga. This book has been a catalyst for self-discovery, helping me gain valuable insights into my own thoughts and has profoundly impacted my leadership journey, broadened my perspective and helped me in informed books, I've developed a more nuanced understanding of life and leadership, enabling me to approach challenges with greater clarity and me say that books and reading have had a profound impact on my life as a whole, and am sure it will continue to do so.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times
