The company's operating history evolved over a period of 70 years since M George Muthoot (the father of the promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father Ninan Mathai Muthoot in 1887.In the year 2001 the company obtained the license from RBI to function as an NBFC. The company provides financial services to consumers, businesses, hospitality, automotive dealerships, real estate, healthcare, IT services, … The company is headquartered in Kerala.The company's wholly-owned subsidiary Muthoot Insurance Brokers Pvt Limited (MIBPL) is licensed as a direct broker by IRDAI since 2013 and is actively distributing both life and non-life insurance products of various insurance companies. In June 2016 Muthoot Finance acquired Muthoot Insurance Brokers Private Limited (MIBPL) as a wholly-owned subsidiary. Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. Kindly visit the Manage my subscription page to discover the benefits of this programme. 10/- each at Rs. MHIL is a housing finance company registered with The National Housing Bank. Subsequently, by fresh certificate of incorporation dated May 16, 2007, our name was changed to “Muthoot Finance Private Limited”. View their active gold loans and outstanding interest and payment details, along with any additional eligible loan amount available to withdraw (Topup) 1.93 crore approximately from an existing shareholder. The policy provides insurance coverage of gold jewellery for individuals. Yahoo is part of Verizon Media. Mutual Fund Holdings. The data can be viewed in daily, weekly or monthly time intervals. on Indiainfoline.com. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The Company operates in two business segments: Financing and Power Generation. During the year the company raised Rs 259 crore through Non-convertible Debenture Public Issue- Series III Rs 277 crore through NCD Public Issue - Series IV and Rs 300 crore through NCD Public Issue - Series V. During the year the company obtained RBI license to start operating 9000 White Label ATMs.In 2014 Muthoot Finance raised Rs 418 crore through the oversubscribed (1.8 times) Institutional Placement Progrmame (IPP). MMPL is engaged in lending and other businesses primarily vehicle finance business.On 20 July 2018 Muthoot Finance announced that Securities and Exchange Board of India (SEBI) has provided its primary approval to the company for setting up Asset Management Company and Trustee Company along with other compliance under SEBI (Mutual Fund) Regulations 1996 in order to get registered with SEBI for the proposed mutual fund. 44/- each as approved by the Board at its meeting held on 8 August 2017. Get Muthoot Finance Ltd historical price data for MUTT stock. Jun Sep Dec '19 Mar Jun Sep 7.70% 6.59% 6.99% 6.08% 6.07% 6.52%. Its services include gold loan, gold coin, money transfer, travel jango, ATM facility, pan card, mutual funds and personal loans. You can change your choices at any time by visiting Your Privacy Controls. Note: We haven't factored in the dividends (if any) in the above calculation. Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. 38.72 crore from existing shareholders and has made a further investment by subscribing to 2.27 crore equity shares of nominal value of Rs. Company History - Muthoot Finance Ltd. Our Company was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. ... Company History Locations Dividends Splits Competitors. It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, tourism, and hospitality.Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE. In the past 12 months, Muthoot Finance Ltd. has declared an equity dividend amounting to Rs 15.00 per share. The Muthoot Group, which has a family legacy of 800 years, was founded in 1887 by Late Shri Ninan Mathai Muthoot, as a modest trading business in the remote village of Kozhencherry in Kerala. The Muthoot Group is an Indian multinational conglomerate headquartered in Kochi, Kerala. During the year the company raised Rs 693 crore through Non-convertible Debenture Public Issue- Series I and Rs 459 crore through Non-convertible Debenture Public Issue - Series II.In 2013 Muthoot Finance's branch network crossed 4400 branches. With this investment the company has increased its shareholding in aforesaid subsidiary to 66.61% from existing shareholding of 64.60%.On 5 July 2018 Muthoot Finance announced that it has agreed in principle to acquire shares as well as subscribe to equity shares of Muthoot Money Pvt Ltd (MMPL) which will result in the change of management/control of MMPL. Shareholding History Download. Historical Prices Balance Sheet Nine Monthly Results Shareholding Pattern Finished Products Background Information Board Meetings Muthoot Finance Ltd. engages in the provision of personal and business loans secured by gold jewelry or gold loans. The issue will remain open from 11 December 2020 to … Muthoot Online Allow Customers to: Register or login using their mobile number registered at the respective Muthoot Finance branches. Company History - Muthoot Finance Our Company was originally incorporated as a private limited company on March 14, 1997 with the name The Muthoot Finance Private Limited under the … In April 2011 Muthoot Finance successfully raised Rs 901.25 crore from an initial public offer. Muthoot Finance's foreign subsidiary Asia Asset Finance PLC (AAF) Colombo is involved in Retail Finance Hire Purchase & Business Loans.Muthoot Finance Ltd was incorporated on March 14 1997 as a private company with the name The Muthoot Finance Pvt Ltd. 10/- each at a price of Rs. Muthoot Finance holds 66.61% of equity share capital of BIFPL. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. In 2016 credit rating agencies CRISIL and ICRA upgraded Muthoot Finance's long-term debt rating. Shri Amitabh Bachchan & Chennai Super Kings Bags Gold at Flame Awards Asia 2019 & BTVI’s National Awards for Marketing Excellence 2019 Respectively. Mutual Funds. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. The (above) calculated return corresponds to the past 10-year history of Muthoot Finance Limited (MUTHOOTFIN). In the year 2005 as per the scheme of amalgamation Muthoot Enterprises Private Ltd was amalgamated with the company with effect from March 22 2005. smallcases. This is with the intention of further diversifying its business activities. Muthoot Finance's another wholly-owned subsidiary Muthoot Homefin (India) Limited is a housing finance company with a focus on affordable housing finance. It provides personal and business loans secured by gold jewelry, or gold loans primarily to individuals; micro finance; and loans to landlords. Do not respond … Muthoot Fincorp Limited. In 2012 Muthoot Finance's retail Loan portfolio crossed Rs 24600 crore retail debenture portfolio crossed Rs 6600 crore net owned funds crossed Rs 2900 crore gross annual income crossed Rs 4500 crore bank credit limit crossed Rs 9200 crore and branch network crossed 3600 branches. Muthoot Finance Ltd (MUTT) Get free historical data for MUTT. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. 11.37/- per share aggregating to Rs. The company offers … Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. They obtained fresh RBI license to function as an NBFC without accepting public deposits consequent to change in name.During the year 2009-10 the company added 620 new branches. 44/- per share aggregating to Rs. Enjoy Reading! Muthoot Finance's subsidiary Belstar Investment and Finance Private Limited (BIFPL) is a microfinance company. Muthoot Finance's another wholly-owned subsidiary Muthoot Homefin (India) Limited is a housing finance company with a focus on affordable housing finance. Corporate actions: Dividend history for Muthoot Finance Ltd. Muthoot Finance Ltd. has declared 13 dividends since Aug. 16, 2012. Post investment the Muthoot Finance is holding 100% paid up share capital of MHIL and MHIL has become the wholly owned subsidiary of Muthoot Finance Ltd.On 23 March 2018 Muthoot Finance announced that the company has further invested in 14 lakh Equity Shares of nominal value of Rs 10 each at a total price of Rs 7 crore by way of subscription to rights issue of Belstar Investment and Finance Private Limited. BIFPL was reclassified as an `NBFC-MFI' by RBI with effect from 11 December 2013. Despite such challenging situations, The Muthoot Group continued to grow and expand as a result of the sheer will, di… Team Business Standard, Rocket places India's 42nd communications satellite CMS-01 into orbit, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). It fulfils housing finance requirements of customers in the middle and lower income category to make their dream of owning a home come true. Muthoot Finance gets NEONS Out Of Home Awards 2020 Muthoot Finance has been honored with DHANAM BFSI Award 2020 “Life Mein Aagey Badhiye” Marketing Campaign feat. Discover historical prices for MUTHOOTFIN.NS stock on Yahoo Finance. Analyze Promoter holdings, FII holding and DII holding trends of Muthoot Finance Ltd. Good afternoon :) ... Shareholding History Download. Muthoot Finance was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. Never miss a great news story! View daily, weekly … Muthoot Finance Dividends - Check all the details of Muthoot Finance Dividends on The Economic Times. The Muthoot Pappachan Group is a twelve decades old reputed business house based in Kerala,India. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013. During the year the company acquired 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). In July 2016 Muthoot Finance acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL). Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. The company provides personal and business loans secured by gold jewellery or Gold Loans primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time or to whom credit may not be available at all to meet unanticipated or other short-term liquidity requirements. Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. Here are the stocks to watch in trade today: Muthoot Finance’s request for a no objection certificate to acquire IDBI Capital Markets & Securities, IDBI Trustee and IDBI Asset Management has not been approved by RBI on the grounds that the activity of sponsoring a mutual fund or owning an asset management company is not in consonance with the activity of an operating NBFC. The Board of Directors of Muthoot Finance in its meeting held on 13 February 2017 decided to make an additional investment in M/s. As per the scheme of de-merger the radio business of the company was de-merged and transferred to Muthoot Broadcasting Pvt Ltd with effect from January 01 2010.The company opened 316 new branched between April 2010 to August 2010. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. Muthoot Finance holds 66.61% of equity share capital of BIFPL. Download. Muthoot Finance Share Price History- Check out Muthoot finance ltd share price history along with opening price, closing price, high, low, no. Muthoot Fincorp Ltd is one of India’s leading Non Banking Finance Companies (NBFCs). The company is promoted by M G George Muthoot George Thomas Muthoot George Jacob Muthoot and George Alexander Muthoot. This is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of gold loan … Insider Trades & Bulk Deals. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. Find the latest MUTHOOT FINANCE LT (MUTHOOTFIN.NS) stock quote, history, news and other vital information to help you with your stock trading and investing. Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. Muthoot Pappachan Group has interests in Gold Loans,Banking and Finance,Alternate Energy Services,Automotive Services, Financial Services, Hospitality Services, IT Infrastructure Services, and Real Estate Investments Services.Know more about the Muthoot group from https://www.muthoot.com for … At any time by visiting your Privacy Controls act as direct broker from IRDA 2013. 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