Thrifts and Mortgage Finance
Company Overview of Muthoot Fincorp Limited
Muthoot Fincorp Ltd., a non-banking finance company, provides financial services. It offers gold, home, and auto loans; loans against property; investment products, such as bonds and debentures; and advisory services, such as insurance advisory services. The company also offers money transfer, foreign exchange, and travel related services. It serves the financial needs of retail and institutional customers through a network of branches in India. Muthoot Fincorp Ltd. has strategic alliances with Western Union Money Transfer, Motilal Oswal, and Franklin Templeton. The company was incorporated in 1997 and is based in Cochin, India. Muthoot Fincorp Ltd. operates as a subsidiary of Muthoot Pappac...
Cochin, 682 035
Founded in 1997
Key Executives for Muthoot Fincorp Limited
Chairman, Managing Director, Member of Nomination & Remuneration Committee, Member of Asset Liability Management Committee, Member of Risk Management Committee, Member of Stake Holders Relationship Committee and Member of Bond Issue Committee
Vice President of Finance & Accounts and Member of Asset Liability Management Committee
Executive Director, Member of Audit Committee, Member of Risk Management Committee, Member of Stake Holders Relationship Committee and Member of Bond Issue Committee
Executive Vice President and Member of CSR Committee
Compliance Officer and Company Secretary
Compensation as of Fiscal Year 2015.
Muthoot Fincorp Limited Key Developments
Muthoot Fincorp To Raise Funds
May 20 15
Muthoot Fincorp Limited intends to raise private equity (PE) funding of INR 6 billion to INR 8 billion in fiscal 2015.
Muthoot Fincorp Mulls Financing
May 7 15
Muthoot Fincorp Limited is considering raising INR 6 billion to INR 8 billion. Muthoot is also planning to come up with public issue of bonds for INR 5.5 billion in June, which could go up to INR 10 billion.
Muthoot Pappachan Seeks Finance
May 7 15
Muthoot Pappachan Group is planning to raise INR 6 billion-INR 8 billion from private equity funds in 2015-16, Thomas John Muthoot, Chairman and Managing Director of Muthoot Fincorp Limited, said. Muthoot Pappachan is being advised by ICICI Securities and consultancy firm EY to raise the money, Muthoot said. Part of the funds will be infused into the company's microfinance subsidiary which has recently received a licence from the Reserve Bank of India (RBI). Muthoot Pappachan also plans to issue non-convertible debentures worth INR 10 billion this financial year to aid its lending activities, Muthoot said. Of this, INR 3 billion worth of NCDs will be issued in June. Muthoot added that the group will be looking for an initial public offering in financial year 2017-18.
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