Professional Documents
Culture Documents
Ninan Mathai Muthoot (Patron Founder (1873 - 1955)) Muthoot Pappachan (Founder (1927 - 2004)) Thomas John Muthoot(Group Chairman & Managing Director) Thomas George Muthoot(Group Director & Managing Director) Thomas Muthoot(Group Director & Executive Director - Strategic Initiatives)
The Muthoot Group is an 125-year-old business house based in India.[2] It has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious Metals and Hospitality. The Muthoot Group operates in 23 states in India, and has a customer base of over 25 million.[3] It is wholly owned and managed by theMuthoot Family. The Group takes its name from the Muthoot Family based in Kerala. The Company was set up by Muthoot Ninan Mathai in 1887 at Kozhencherry, a small town in the erstwhile Kingdom of Travancore (Kerala). It was then later taken over by his son M George Muthootwho incorporated the Finance division of the group which was until then primarily involved in wholesale of grains and timber. The company is now managed by the third and fourth generation of its family members.The group is headquartered in Kochi, Kerala.
Conversion of the Company into a public limited company. Fresh RBI license obtained to function as an NBFC without accepting public deposits, consequent to change in name.. 2009 Retail loan and debenture portfolio crosses Rs. 30 billion and Rs. 15 billion respectively. Net owned funds of the Company crosses Rs. 3 billion. Gross annual income crosses Rs. 5 billion. Overall credit limits from lending banks crosses Rs. 10 billion. 2010 Retail loan and debenture portfolio crosses Rs. 50 billion and Rs. 20 billion respectively. Net owned funds of the Company crosses Rs. 4 billion. Overall credit limits from lending banks crosses Rs. 20 billion. ICRA assigns A1+ rating for short term debt of Rs. 2 billion. CRISIL assigns P1+ rating for short term debt of Rs. 4 billion. Branch network of the Company crosses 1,000 branches. Demerger of the FM radio business into Muthoot Broadcasting Private Limited. Private equity investment of an aggregate of Rs. 1,575.45 million from Matrix Partners India Investments, LLC and Baring India Private Equity Fund III Limited. Private equity investment of an aggregate of Rs. 425.83 million from Kotak India Private Equity Fund and Kotak Investment Advisors Limited.