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New Delhi: Muthoot FinCorp, a part of Muthoot Pappachan Group, is all set to hit capital market with initial public offering (IPO) in next 12-15 months. The family owned gold loan company is envisaging completing the pre-IPO placement of shares by next year and will launch IPO by end of 2012 or first quarter of 2013. However, the IPO valuations and pricing will be disclosed closer to transaction.
The NBFC is registered with the Reserve Bank of India and has paid-up capital of 181.25 crore and a Net Owned Fund of ₹ 766.50 crore as on September 30, 2011. The finance company presently catering to the needs of retail and institutional customers has gold loan portfolio of ₹ 5,000 crore. Muthoot FinCorp has network of over 1590 branches pan India and hosts numerous services viz., Gold loans, Home loans, Auto loans, Loans against Property, Investment products and Advisory Services.
It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.
Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.
The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.
Please contact us for further information about the genuineness or otherwise of such communications at: