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- Money Transfer
- Mutual Funds
MUTHOOT FINANCE SUBSIDIARY, BELSTAR INVESTMENTS AWARDED MICROFINANCE ORGANISATION OF THE YEAR - 2016
New Delhi, 9th December, 2016: Muthoot Finance Ltd, India’s largest gold loan company`s subsidiary Belstar Investment has been awarded as the Microfinance Organisation of the Year in the Small and Medium Category by the Inclusive Finance India Awards 2016. The ceremony took place in New Delhi at Hotel Ashoka, New Delhi.
On the occasion, Mr. George Alexander, MD, Muthoot Finance said, “The Muthoot Group has always been the flag bearer of Financial Inclusion. Our sincere efforts in the direction of Financial Inclusion have yet again been recognized. We are very proud to receive this prestigious honour.”
Dr. Kalpana Shankar, MD Belstar Investments and Finance Private limited said, “This is a proud moment for all of us and an acknowledgement of our contribution towards Financial Inclusion.”
The award was conferred by the HSBC India CEO, Mr. Stuart Mill and was received by Dr. Kalpana Shankar, MD Belstar Investments and Finance Private limited and Shri Alexander George Muthoot, Managing Director, Muthoot Finance.
About Muthoot Finance
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala.
Operating history of Muthoot Finance has evolved over a period of 76 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.
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. Company is listed on both National Stock Exchange and BSE Ltd.
About Belstar Investment
Belstar Investment and Finance Pvt. Ltd. is a subsidiary of Muthoot Finance having presence in Tamil Nadu, Maharashtra, Pudducherry, Madhya Pradesh, Karnataka and Kerala with 147 branches and 2.5 lakh active borrowers. The company has a loan portfolio of 430 crores.
For More Information Please Contact:
Babu John Malayil,
Muthoot Finance Ltd,
Contact: 0484 – 6690357
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