May 15, 2013:
"Aaru Sundarimarude Katha"(ASK), is the maiden independent venture of director Rajesh Abraham. ASK, perhaps, the first "commercial family thriller"in Malayalam with women centric theme and approach, while exploring a murder mystery in corporate world, leaps into the intertwined human relationships, tears up the hypocrisy in marital life, discloses the unsympathetic cut-throat competitions in corporate world but ultimately endorses women's innate capacity to take even uncalculated risks and her unique ways of solving the problems. Sports and social network play as important roles as the six beauties (sundarikal)do.
The six titular beauties in ASK are essayed by Zarina Wahab, Lakshmi Rai, Nadiya Moidu, Lena, Shamna Kasim and Umang Jain, while two 'sundarans' (handsomes) in the films are Prathap Pothen and Narain. ASK upholds the view that the solution to most of our problems lies with in us only the fact that we need to discover them and that we need to control the social network rather than being controlled by it. ASK also underlines the fact that parents need to maintain an open and healthy relationship with their children, if they don't like to see them in troubled water. Muthoot Fincorp is the associate partner for this movie.
Watch the theme song sung by Ms Ritu Muthoot
May 4, 2013:
On 4th May 2013, The Muthoot Pappachan Group took a step towards a brighter tomorrow. The event proved that all that glitters is definitely gold and awards and a room full of superstars.
The Muthoot Pappachan Annual Meet 2013, held at the Al Saj Convention Centre-Trivandrum, brought together key performers across the various divisions of the Group in India. Mr. Bejoy Anthraper, Senior Vice President-Sales, welcomed the enthusiastic team and Mr. Suhas Soman, CEO Muthoot Fincorp set the tone for the event with his introductory speech.
The lighting of the lamp marked an auspicious start to the evening. Mrs. Jannama Thomas, wife of late founder Mr. Pappachan, the directors - Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot, independent directors - Mr. R.K Nair and Mr. A.P Kurian; Mr. George Lammanil & Mr. Vivek Shenoy of the senior leadership team were called upon the stage to do the honours.
The event was addressed by the next generation of the MPG entrepreneurs - Thomas Muthoot John, Tina Muthoot and also the CEOs of various business groups. Cricket Legend Kapil Dev delivered the key note and addressed the team, highlighting the importance of working together as a team. He presented the award trophies to the key performers . Through the day MPG felicitated over 400 of its superstar performers from across India
Lieutenant Commander Abhilash Tomy- Indian Navy the first Indian to circumnavigate the globe (solo and non-stop) over 150 days. A true epitome of grit and valor ,his speech inspired the audience realize why passion (in anything you do) is quintessential. And the inspiration lead to motivation, as Priya Kumar, an eminent spokesperson & corporate trainer, took the stage for a session on conquering fears.
The event also saw the launch of a new product Swarnavarsham Jewellery, part of the Muthoot Precious Metal Division. And yet, there was more in store for the audience! World-renowned sand artist Nitish Bhartia, a finalist at India's Got Talent, managed to mesmerize everyone with nimble hand gestures that created works of art among those fine grains of sand. Renowned Musical Mastero Mr. Anandan SivamaniShivamani left the audience in a spell-binding rapture with an electrifying performance!
It was the perfect end to an eventful occasion, inspiring everyone present to prepare for the next big leap towards a better future.
THIRUVANANTHAPURAM, MAY 5:
Cricketing legend Kapil Dev addressed the national leadership and employees of the Muthoot Pappachan Group (MPG) at its annual meet held here.
Dev recounted the historic success achieved by the 14-member Indian cricket team captained by him when it won the World Cup 30 years ago.
Business success in today's competitive global scenario can be achieved through focus, consistency, innovation and enthusiasm, which the Indian team had demonstrated to the world, he said.
Along with John Muthoot, chairman and managing director, Muthoot Fincorp, he felicitated 'top performer' employees across the diversified MPG verticals.
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21st April 2013
Gold loan major Muthoot Fincorp, the flagship brand of diversified Muthoot Pappachan Group, is targeting to nearly double its micro-lending business to Rs 600 crore this fiscal from Rs 330 crore in FY2012-13.
The Kochi-based company is also planning to hive off the micro finance business, which is currently managed under its gold loan company, into a separate company under the NBFC-MFI model as soon as it gets the go-ahead from the Reserve Bank, Muthoot Fincorp Chief Operating Officer Microfinance (MFI) Business Unit Sadaf Sayeed told PTI.
The diversified group, which nets its maximum income from the gold loan business, started its MFI business in April, 2010. As part of diversification and to offer more focus to the MFI business, the company had bought city-based Pancharatna Securities in January, 2012.
"If we get the RBI nod and are able to rename Pancharatna, then we are sure to nearly double our business this fiscal to around Rs 600 crore. Last fiscal we closed the books with an asset of Rs 330 crore," Sayeed said, adding that the company serves around seven lakh women clients across Kerala, Tamil Nadu, Karnataka and Gujarat.
In its home state Kerala, the company has over 2.25 lakh clients with an asset size of Rs 180 crore.
When asked about the average ticket size, he said it is Rs 12,000 and the interest it charges vary from 24 to 26 per cent.
To fund expansion, the company is also planning to come out with an NCD issue worth Rs 100 crore this fiscal. Once it has the RBI nod, it will also get into funding MSMEs and SMEs as the company sees big business opportunities there, Sayeed further said.
Its MFI business also includes extending dairy support loans to women under which it extends Rs 25,000-40,000 to women to buy or support dairy farming, he said.
On the asset quality, he said, the net bad loan ratio is only 0.29 per cent.
Read the report online:
Mumbai 22nd April
Read the report online:
Gold loan giant Muthoot Fincorp recently launched 'My Jewel Box', an android-based mobile application that enables gold consumers to virtually consolidate all their jewellery at one place and assess it's market value at any point in time. This application is designed to ascertain one core thing eventually - the eligibility of the customer for a gold loan.
The Times of India
Power of Voice, Pune
Read the report online:
Monday, 4th February 2013
The responsible business rating index is issued by MFIN to microfinance operations based on various parameters like transparency and customer engagement. Muthoot Fincorp has scored a cumulative RB Score of 98.50 out of 100. This is higher than the industry average of 89.00. Muthoot has scored 100% in disclosure to clients, 95.45% in client engagement, 100% in Institutional processes, 100% in transparency and 100% in previous record on violations
Monday, 28th January 2013
The First Joint Medical Camp of Muthoot Fincorp(MFL) & Muthoot Lifebrigade ,facilitated by Muthoot Pappachan Foundation was conducted at MFL Manarcad Branch on 27th Jan 2013, Sunday. It was the first one in a series of planned camps connecting the MFL branches in Kottayam region. The idea was to disseminate the message and services of Life Brigade to the stakeholders of MFL branches in the region and thereon, to the wider public.
Muthoot Pappachan Foundation is facilitating the process as one of its CSR activities in the Health theme in the HEEL Approach. Through this, eligible patients will be supported for post camp services at Life Brigade Hospital according to the criteria of MPF's strategic CSR policies.Muthoot Lifebrigade offered a discount card (5% discount on services) to the registered patients at the camp
Tuesday, 22nd January 2013
Shambhu ST sounds like a man who has discovered Utopia-for well under Rs.15 lakh. The 35-year-old's compact, two-bedroom apartment on the outskirts of Bangalore is newly constructed, well-lit, ventilated and secure. It is part of a gated residential community called Vaibhava, which includes a park, a children's playground and a school for his toddler son; his wife, a homemaker, only needs to leave the housing complex once a week for grocery shopping and they have plenty of friends in the community.
31st December 2012
Muthoot Papachan Group (MPG) literally 'CLICK' started the New Year for students of Kongorppilly Higher Secondary School, Ernakulam. In a function conducted in the school auditorium on 31st December 2012 the Corporate Social Responsibility (CSR) division of MPG - Muthoot Papachan Foundation (MPF) donated 5 computers to the school under its Education Theme in HEEL. The school, which mainly caters to children from financially backward families, had been facing challenges with student retention due to a lack of facilities. It had approached MPG for support to increase facilities in order to better cater to the needs of the students. The computers were gifted to the school in a function that was presided by Sri. A. I. Suresh - President of PTA. Smt. Prabhamany K. K. - Principal laid out a warm welcome the MPG team. Sri. Manoj K. - AVP, MPG, Cochin Region inaugurated the function and briefed the gathering on MPG and MFL. Dr. Prasanth, Manager - CSR, MPG, felicitated the function and briefed the gathering on the various CSR activities of MPG. The function ended on a vote of thanks delivered by Smt. Jobrina, Sr. Assistant. Also present were Sri. Praveen Babu - AM, MPG, Ernakulam Town, Sri Binosh - AM, MPG, Varappuzha, Sri Lijo Dixon - BM, MPG, Alangad, Smt. Sajitha - BM, MPG, Varappuzha and Sri. Geo John - Systems Manager, RO Cochin.
Friday, 21st December 2012
When Rashmi Deshmukh needed money for her hand-knit clothing business in Mumbai, she couldn't wait for bank approval. Instead, she put up her wedding jewelry as collateral at a loan-for-gold company to get cash on the spot.
Muthoot Fincorp Ltd., which advertises three-minute gold loans and has 3,125 branches across India, charged 24 percent annual interest. While a bank gets half that rate, it would have loaned her less and required paperwork, she said.
"It's faster, it's easier, it isn't cheaper, but I get more for my gold from Muthoot than the bank," said Deshmukh, 37, who borrowed 250,000 rupees ($4,576) in October because she had more orders than yarn ahead of this year's holiday season.
Mumbai, Mon, Dec 10 2012
Every day, depending on what day it is, between 40,000 and 80,000 people visit Tirupati and make offerings worth a total of around Rs.1 crore, a substantial portion of which is in the form of gold.
Lenders will soon be able to access information on the credit worthiness of a borrower and check whether a property has already been mortgaged, tapping a single source.
Bangalore, 17th October 2012
Muthoot Fincorp Ltd (MFL) opened its 3000th branch at Doddaballapura - on the rural outskirts of Bangalore in Karnataka.
The branch was inaugurated by Mr. George Lammanil Executive Director & General Counsel Muthoot Pappachan Group in the presence of Mr. Bejoy J Anthraper, Sr VP Sales-Muthoot Fincorp, Mr. Sanjeev Singh - VP-Sales - Karanataka, senior MFL officials and customers. Opening of the landmark branch in Doddaballapura re-emphasises Muthoot Fincorp's endeavour to service the masses that do not have accesses to mainstream banking. As part of the 3000th branch celebrations Muthoot Fincorp earlier announced the launch of a new contest for customer ; 3000 lucky customers transacting for any of the services from Oct 15th to November 15th 2012 stand a chance to win 3000 prizes.
Over the last year, we have delivered new training modules in multiple languages across Latin America and India on subjects from cash and credit management to marketing and sales practices. For example, in partnership with the Muthoot Pappachan Group, Accion has recently trained more than 25,000 microentrepreneurs in India's southern states, with plans to train a total of 100,000 by 2014.
Thomas John Muthoot, CMD, Muthoot Fincorp, shares his views on technology in the financial services.
THIRUVANANTHAPURAM, MAY 25:
The Minister for Rural Development, Mr K.C. Joseph, inaugurated the one-day workshop on 'Achieving inclusive growth - Role of MFIs' on Friday.
In the inaugural address, he promised all help to MFIs provided they go by the rule of the game, and conduct themselves in a transparent and accountable manner.
MFIs can go a long way to fill the gap left by banks in the social sector. The Minister said that the government was committed to grant benefits to all players on a part with the flagship Kudumbashree poverty alleviation programme.
Mr M.M. Hassan, a former minister who spearheads the Janasree mission, was of the view that MFIs must not work with a profit motive.
Banks must reduce interest rates for loans advanced to MFIs, he said. He also suggested that the government extend an 'organisational grant' along the lines of 'organisational expenses' to cooperative societies.
The event was organised by Assocham, Bengaluru, and sponsored by National Bank for Agriculture and Rural Development (Nabard), Muthoot Fincorp and Kamfi.
The Muthoot Fincorp Annual Sales Congress witnessed some truly golden moments. The event was attended by 1300 people from across the country. Beginning with a dazzling Kerala based fusion dance, the program was inaugurated by 3 coveted directors of the company. The award ceremony witnessed some true sales champions who've raised the bar for Muthoot Fincorp. Tamil Nadu & Kerala took away most of the honors.
21 April 2012
21 April 2012
18 April 2012
18 April 2012
18 April 2012
18 April 2012
Read the report online:
The Reserve Bank of India's (RBI) directive to non-banking financial companies (NBFCs) in the gold loan business not to extend advances exceeding 60 per cent of the value of the jewellery pledged with them smacks of unnecessary micro-regulation. Unlike banks, the NBFCs who lend against the collateral of gold jewellery do not accept public deposits. Even if some of them have raised funds through non-convertible debentures, these cannot be equated with ordinary deposits that are protected by strict prudential requirements and supervision norms. The gold loans are also usually of small ticket sizes made for periods of six months to a year. That apart from the inherent value of the collateral itself makes them less risky vis-a-vis lending to power projects or even home loans of 15-20 years tenure. Moreover, it is not clear how exactly the RBI has arrived at 60 per cent loan-to-value ratio as a safe outer limit for NBFCs, even while not mandating it in respect of gold advances by commercial banks. This, despite the likes of Muthoot and Manappuram Finance having far less proportion of bad loans on their books compared with regular banks.
The Tamil version of KBC - Neengalum Vellalam Oru Kodi (NVOK) - went on air last week on 27 February. The Kannada version - Kannadada Kotyadhipati (KK) will start airing from 12 March.
Both the channels have started spending big money to attract participants and exhort viewers to watch the show. The channels have used a 360 degree mass media communication approach using their own channels, radio, print, outdoor and Internet for the purpose as well as BTL activities.
The show has also attracted a slew of sponsors and advertisers in the respective langauges. NVOK is being presented by Sunfeast as the title sponosr, powered by Cadbury Dairy Milk, with associate sponsors - Aachi, Tata Nano, 7UP, Arun Excello, Tata Docomo, Nathella and Muthoot Fincorp. The print partner is The Hindu.
In the case of KK, Wipro's brand Santoor is the title/presenting sponsor; it is powered by HUL's Pepsodent, the telecom partner is Airtel and banking partner is Vijaya Bank. Amongst the associate sponsors are Sunfeast, Nano, Muthoot Fincorp, Perfetti Van Melle's Mentos brand and Bhima Jewellers. Suvarna 24x7 is the television news partner and Big FM the radio partner.
In a landmark achievement, MPG opened its 2000th branch on home turf at Kowdiar, Trivandrum. CMD Mr. Thomas John Muthoot and CEO Mr. Suhas Soman did the honours. The inauguration was conducted with customary prayers and blessings and attended by staff representing all departments of the Group.
The Pondicherry Muthoot Mahila Mitra Team in association with Sri Lakshmi Narayana Institute of Medical Science & Hospital, Pudu Nagar conducted a medical camp for its customers on Feb 11th February 2012. A team of 45 doctors, nurses & paramedical staff attended 540 patients. Free medicines were distributed and 70 patients were referred for further treatment.
The camp was inaugurated by Thiru P. Rajavelu, Hon'ble Welfare Minister in the presence of Thiru. N. G. Paneer Selvam, Hon'ble Local Administrative Minister and Thiru G. Nehru, Govt. Whip, Puducherry.Mr. Suhas Soman, CEO, Muthoot Fincorp Ltd and Dr. Samuvel, Cheif Doctor, SLIMS presided over the camp.
13 February 2012
12 February 2012
12 February 2012
Citizens of Kollengode were offered a free eye camp under the aegis of Muthoot Fincorp Ltd. Out of an expected turnout of 100 people, a surprising 275 people turned up and 25 patients were referred for free cataract surgery on the spot . An additional 30 patients are scheduled for surgery next week. The efforts from Mr Rajagopalan, Branch Manager, Kollengode and his team were commendable. Efficient coordination by Regional Manager, Mr. Georgekutty and Sr. Area Manager Joshy Joseph aided in the event's success.
Muthoot Fincorp Ltd enters 'the heart of Incredible India' with 3 branches in Bhopal. Located in MP Nagar, Manasarover and Indirapuri. The branches will offer a bouquet of products and services that range from gold loans to easy repayment schemes. The group is set open 50 branches across the state.
Harvard Business School partnered Muthoot Pappachan Group for the FIELD Project.
Field Immersion Experiences for Leadership Development (FIELD) is a curriculum innovation created by Harvard Business School (HBS). The Course/Programme focuses on developing small-group learning experiences that are immersive, field based and action oriented, with the overall goal of advancing the HBS's mission to develop Leaders who make a difference in the world.
This FIELD programme was aimed to increase HBS students' understanding of value creation in a global context and to build their awareness of the variations in business processes, customers and the institutional environments across different markets.
Under this FIELD programme, 152 batches of HBS students visited 11 different Countries as a part of the curriculum, each batch comprising of 6 students, spending 7 days in an Organisation based in one of these 11 Countries.
Muthoot Fincorp Ltd (MFL), the flagship Company of the Muthoot Pappachan Group hosted one such batch of 6 HBS students this January. These students were in India engaged in a Project in MFL Corporate Office between 8th Jan and 14th Jan, 2012. Working on a Project for Muthoot Fincorp, these students were given a complete orientation about the Group, the Company and its operations. During the course of these 7 days HBS students also visited 5 MFL branches to understand MFL's branch operations and made some field visits/market visits and interviewed more than 200 clients in urban and semi-urban locations in the proximity of MFL branches.
The objective of this project was to develop marketing strategy for one of MFL's recently launched products. HBS students based on their experience in the field and gap analysis of feedback received from 200+ customers interviewed in the field, came up with suggestion on the marketing strategy, viz., some modification to the product packaging and processes.
During their stay in India, HBS students also interacted with MFL Senior Management including Project and Strategy team. The Project concluded with a presentation of the final strategy to the CMD Mr.Thomas John Muthoot.
The learning from this Project for students greatly helped in understanding the Indian consumer psyche and it was a good opportunity for MFL Team also to get a fresh and independent perspective on its strategy and products.