September 23, 2017 10:19 PM ET

Consumer Finance

Company Overview of Muthoot Finance Limited

Company Overview

Muthoot Finance Limited operates as a gold financing company in India. It operates through two segments, Financing and Power Generation. The company provides personal and business loans secured by gold jewelry or gold loans primarily to individuals. It also offers gold coins, money transfer, foreign exchange, collection, microfinance, housing finance, personal loan, and insurance broking services, as well as white label ATM services. In addition, the company provides Travel jango that provides international and domestic air ticketing service, Visa services and assistance, tour packages, hotel booking, travel insurance, and bus ticketing services; and wealth management services, including con...

Muthoot Chambers

2nd Floor

Opposite Saritha Theatre Complex

Banerji Road

Kochi,  682018

India

Founded in 1939

Phone:

91 48 4239 6478

Fax:

91 48 8221 3417

Key Executives for Muthoot Finance Limited

MD & Whole Time Director
Age: 61
Total Annual Compensation: 88.0M
Executive Chairman
Age: 68
Total Annual Compensation: 88.0M
Whole Time Director
Age: 54
Total Annual Compensation: 88.0M
Senior VP & Whole Time Director
Age: 64
Total Annual Compensation: 88.0M
Deputy MD & Whole Time Director
Age: 36
Total Annual Compensation: 6.0M
Compensation as of Fiscal Year 2017.

Muthoot Finance Limited Key Developments

Muthoot Finance Limited Announces Executive Changes

Muthoot Finance Limited announced that K. John Mathew retired from the directorship at the AGM held on September 20, 2017. He has completed his term as Independent Director for the company. The company also announced that Jose Mathew, Jacob Benjamin Koshy and Pratip Chaudhuri are appointed as Independent Director for a period of three years.

Muthoot Finance Limited Announces Auditor Changes

Muthoot Finance Limited at its AGM held on September 20, 2017, ratified appointment of M/s Varma & Varma as statutory auditors of the company in place of retiring Auditors M/s Rangamani & Co. for a period of five years from conclusion of this annual general meeting till the conclusion of twenty fifth annual general meeting of the company.

Muthoot Finance Limited, Annual General Meeting, Sep 20, 2017

Muthoot Finance Limited, Annual General Meeting, Sep 20, 2017, at 10:30 Indian Standard Time. Location: Kerala Fine Arts Society Hall Fine Arts Avenue, Fore Shore Road, Kochi Kerala - 682 016 India Agenda: To consider the financial statements for the financial year ended March 31, 2017; to ratify the appointment of M/s. Varma & Varma Chartered Accountants as statutory auditors of the company and fix their remuneration; to consider board appointments; to approve offer or invitation to subscribe to non-convertible debentures on private placement basis; and to consider other matters.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 8, 2017
Muthoot Homefin (India) Limited
Merger/Acquisition
February 13, 2017
Muthoot Homefin (India) Limited
Merger/Acquisition
December 31, 2016
Belstar Investment and Finance Private Limited
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