milestone

Milestones

The growth story

  • 1887

    The Group comes into being as a trading business in a Kerala village.

  • 1939

    Commences Gold Loan business.

  • 2001

    Muthoot Finance receives RBI License to function as an NBFC.

  • 2004

    Receives highest rating of F1 from Fitch Ratings for a shirt-term debt of Rs. 200 mn.

  • 2005

    Retail Loan and debenture portfolio crosses Rs. 5 bn.

  • 2007

    • Retail Loan portfolio crosses Rs. 14 bn.
    • Net owned funds cross Rs. 1 bn.
    • Accorded SI-ND-NBFC status.
    • Branch network crosses 500 branches
  • 2008

    • Retail Loan portfolio crosses Rs. 21 bn.
    • Retail debenture portfolio crosses Rs. 1 bn.
    • Fitch affirms the F1 short term debt rating with an enhanced amount of Rs. 800 mn.
    • Converts into a Public Limited Company.
  • 2009

    • Retail Loan portfolio crosses Rs. 33 bn.
    • Retail debenture portfolio crosses Rs. 19 bn.
    • Net owned funds cross Rs. 3 bn.
    • Gross annual income crosses Rs. 6 bn.
    • Bank credit limits cross INR 10 bn.
    • Branch network crosses 900 branches.
  • 2010

    • Retail Loan portfolio crosses Rs. 74 bn.
    • Retail debenture portfolio crosses Rs. 27 bn.
    • CRISIL assigns ‘P1+’ rating for short term debt of Rs. 4 bn, ICRA assigns A1+ for short term debt of Rs. 2 bn.
    • Net owned funds crosses Rs. 5 bn.
    • Gross annual income crosses Rs. 10 bn.
    • Bank credit limits cross Rs. 17 bn.
    • Branch network crosses 1,600 branches.
  • 2011

    • Retail Loan portfolio crosses Rs. 158 bn.
    • Retail debenture portfolio crosses Rs. 39 bn.
    • CRISIL assigns long-term rating of AA- Stable for Rs. 1 bn subordinated debt issue and for Rs. 4 bn non-convertible debentures issue respectively.
    • ICRA assigns long-term rating of AA- Stable for Rs. 1 bn subordinated debt issue and for Rs. 2 bn non-convertible debentures issue respectively.
    • PE Investments of Rs. 2556.85 mn in the Company by Matrix partners, LLC The Welcome Trust, Kotak PE, Kotak Investments and Baring India PE.
    • Net owned funds cross Rs. 13 bn.
    • Gross annual income crosses Rs. 23 bn.
    • Bank credit limit crosses Rs. 60 bn.
    • Branch network crosses 2,700 branches.
  • 2012

    • Retail Loan portfolio crosses Rs. 246 bn.
    • Retail debenture portfolio crosses Rs. 66 bn.
    • ICRA assigns long-term rating of AA- Stable and short-term rating of A1+ for Rs. 9,353 cr Line of credit.
    • Successful IPO of Rs. 9,012.50 mn in April 2011.
    • Raises Rs. 6.93 bn through Non-convertible Debenture Public Issue- Series I.
    • Raises Rs. 4.59 bn through Non-convertible Debenture Public Issue - Series II.
    • Net owned funds crosses Rs. 29 bn.
    • Gross annual income crosses Rs. 45 bn.
    • Bank credit limit crosses Rs. 92 bn.
    • Branch network crosses 3,600 branches.
  • 2013

    • Raises INR 2.59 bn through Non-convertible Debenture Public Issue- Series III.
    • Obtains RBI License to start operating 9,000 White Label ATMs
    • Branch network crosses 4,400 branches.
    • Raises INR 2.77 bn through NCD Public Issue – Series IV
    • Raises INR 3.0 bn through NCd Public Issue – Series V
  • 2014

    • Raises INR 418 crore through the oversubscribed(1.8 times) Institutional Placement Progrmame(IPP)
    • Acquires 51 per cent equity shares of Colombo-based Asia Asset Finance PLC (AAF)
  • 2015

    • Issues 25,351,062 fresh equity shares by way of an institutional placement programme under Chapter VIII – A of the SEBI ICDR Regulations, aggregating up to INR 4,182.93 Million
    • Listed Debenture Portfolio rises through public issue INR 14.62 Billion
    • Retail Loan Portfolio touches INR 234.09 Billion
    • Net owned funds cross INR 50 Billion
    • Gross annual income touches INR 43.25 Billion
    • Profit after tax for the year touches INR 6.71 Billion
  • 2016

    • Retail loan portfolio crosses INR 243.00 Billion
    • Listed debenture portfolio rises through public issue INR 12.39 Billion
    • Net owned funds cross INR 55.00 Billion
    • Gross annual income touches INR 48.75 Billion
    • Profit after tax for the year touches INR 8.10 Billion
    • Acquires 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). MHIL is a Housing Finance Company Registered with The National Housing Bank
    • Acquires Muthoot Insurance Brokers Private Limited (MIBPL) as a wholly-owned subsidiary in June 2016. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013
    • Acquires 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL) in July 2016. BIFPL was reclassified as an ‘NBFC-MFI’ by RBI with effect from 11th December, 2013
    • CRISIL and ICRA upgrade long-term debt rating from AA-/Stable to AA/Stable.

why us

We are the largest gold financing company in India in terms of loan portfolio, according to the 2015 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2015 ("IMaCS Industry Report, (2015 Update)"). We provide 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-frame, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

  • 25000

    Employees

  • 4300+

    Branches spread over 21 states and 4 Union Territories

  • 6 million

    Customers in our portfolio

  • 130 year

    Existence