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Shri George Jacob Muthoot Group Chairman

Shri George Jacob Muthoot Group Chairman
The Muthoot Group of Companies

Shri George Jacob Muthoot has a degree in civil engineering from Manipal University and is a businessman by profession. He is a member of the Trivandrum Management Association, the Confederation of Real Estate Developers Association of India (Trivandrum) and the Trivandrum Agenda Task Force.

He is also a member of the Rotary Club, Trivandrum (South), governing body member of the Charitable and Educational Society of Trivandrum Orthodox Diocese, Ulloor, Trivandrum, Finance Committee Member, Mar Diocese College of Pharmacy, Althara, Trivandrum and Mar Gregorious Orthodox Christian Mercy Fellowship, Trivandrum.

George Alexander Muthoot MD

George Alexander Muthoot

Managing Director

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Mr. George Thomas Muthoot

George Thomas Muthoot

Joint Managing Director

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Alexander George

Alexander George Muthoot

Joint Managing Director

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Mr. Ravindra Pisharody

Ravindra Pisharody

Independent Director

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Mr V.A. George

V.A. George

Independent Director

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Pratip Chaudhuri

Pratip Chaudhuri

Independent Director

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Jacob Benjamin Koshy Director

Jacob Benjamin Koshy

Independent Director

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Mr Jose Mathew

Jose Mathew

Independent Director

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Usha Sunny Independent Director

Usha Sunny

Independent Director

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independent director

Mr. Abraham Chacko

Independent Director

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George Muthoot George

George Muthoot George

Deputy Managing Director

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George Muthoot Jacob

George Muthoot Jacob

Deputy Managing Director

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George Muthoot Alexander

George Muthoot Alexander

Deputy Managing Director

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KEY MILESTONES

1887

Muthoot Finance Milestone 1887
  • The Group came into being as a

trading business in a Kerala village.

1939

Muthoot Finance Milestone 1939
  • Commenced

Gold Loan business

2001

Muthoot Finance Milestone 2001
  • Muthoot Finance received

RBI License to function as an NBFC.

2004

Muthoot Finance Milestone 2004
  • Received highest rating

    of F1 from Fitch Ratings for a
    short-term debt of ₹ 200 mn.

2005

Muthoot Finance Milestone 2005
  • Retail Loan and debenture portfolio

crossed ₹ 5 bn.

2007

Muthoot Finance Milestone 2007
  • Retail Loan portfolio crossed ₹ 14 bn.
  • Net owned funds crossed ₹ 1 bn.
  • Accorded SI-ND-NBFC status.
  • Branch network crossed 500 branches

2008

Muthoot Finance Milestone 2008
  • Retail Loan portfolio crossed ₹ 21 bn.
  • Retail debenture portfolio crossed ₹ 1 bn.
  • Fitch affirmed the F1 short term debt rating with an enhanced amount of ₹ 800 mn.
  • Converted into a Public Limited Company.

2009

Muthoot Finance Milestone 2009
  • Retail Loan portfolio crossed ₹ 33 bn.
  • Retail debenture portfolio crossed ₹ 19 bn.
  • Net owned funds crossed ₹ 3 bn.
  • Gross annual income crossed ₹ 6 bn.
  • Bank credit limits crossed ₹ 10 bn.
  • Branch network crossed 900 branches.

2010

Muthoot Finance Milestone 2010
  • Retail Loan portfolio crossed ₹ 74 bn.
  • Retail debenture portfolio crossed ₹ 27 bn.
  • CRISIL assigned ‘P1+’ rating for short term debt of ₹ 4 bn, ICRA assigned A1+ for short term debt of ₹ 2 bn.
  • Net owned funds crossed ₹ 5 bn.
  • Gross annual income crossed ₹ 10 bn.
  • Bank credit limits crossed ₹ 17 bn.
  • Branch network crossed 1,600 branches.

2011

Muthoot Finance Milestone 2011
  • Retail Loan portfolio crossed ₹ 158 bn.
  • Retail debenture portfolio crossed ₹ 39 bn.
  • CRISIL assigned long-term rating of AA- Stable for ₹ 1 bn subordinated debt issue and for ₹ 4 bn non-convertible debentures issue respectively.
  • ICRA assigned long-term rating of AA- Stable for ₹ 1 bn subordinated debt issue and for ₹ 2 bn non-convertible debentures issue respectively.
  • PE Investments of ₹ 2556.85 mn in the Company by Matrix partners, LLC The Welcome Trust, Kotak PE, Kotak Investments and Baring India PE.
  • Net owned funds crossed ₹ 13 bn.
  • Gross annual income crossed ₹ 23 bn.
  • Bank credit limit crossed ₹ 60 bn.
  • Branch network crossed 2,700 branches.

2012

Muthoot Finance Milestone 2012
  • Retail Loan portfolio crossed ₹ 246 bn.
  • Retail debenture portfolio crossed ₹ 66 bn.
  • ICRA assigned long-term rating of AA- Stable and short-term rating of A1+ for ₹ 9,353 cr Line of credit.
  • Successful IPO of ₹ 9,012.50 mn in April 2011.
  • Raised ₹ 6.93 bn through Non-convertible Debenture Public Issue- Series I.
  • Raised ₹ 4.59 bn through Non-convertible Debenture Public Issue - Series II.
  • Net owned funds crossed ₹ 29 bn.
  • Gross annual income crossed ₹ 45 bn.
  • Bank credit limit crossed ₹ 92 bn.
  • Branch network crossed 3,600 branches.

2013

Muthoot Finance Milestone 2013
  • Raised ₹ 2.59 bn through Non-Convertible Debenture Public Issue - Series III
  • Obtained RBI license to start operating 9,000 White Label ATMs
  • Branch network crossed 4,400 branches
  • Raised ₹ 2.77 bn through NCD Public Issue – Series IV
  • Raised ₹ 3.0 bn through NCD Public Issue – Series V

2014

Muthoot Finance Milestone 2014
  • Raised ₹ 418 crore through oversubscribed (1.8 times) Institutional Placement Programme (IPP)
  • Acquired 51 percent equity shares of Colombo-based PLC, Asia Asset Finance (AAF)

2015

Muthoot Finance Milestone 2015
  • Issued 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 ₹ 4,182.93 mn.
  • Listed Debenture Portfolio raised through public issue ₹ 14.62 bn.
  • Retail Loan Portfolio touched ₹ 234.09 bn.
  • Net owned funds crossed ₹ 50 bn.
  • Gross annual income touched ₹ 43.25 bn.
  • Profit after tax for the year touched ₹ 6.71 bn.

2016

Muthoot Finance Milestone 2016
  • Retail Loan Portfolio crossed ₹ 243 bn.
  • Listed Debenture Portfolio raised through public issue ₹ 12.39 bn.
  • Net Owned Funds crossed ₹ 55 bn.
  • Gross annual income touched ₹ 48.75 bn.
  • Profit after tax for the year touched ₹ 8.10 bn.
  • Acquired 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). MHIL is a Housing Finance Company Registered with The National Housing Bank
  • Acquired 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
  • Acquired 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 upgraded long-term debt rating from AA-/Stable to AA/Stable.

2017

Muthoot Finance Milestone 2017
  • Loan Assets Portfolio crossed ₹ 272 bn.
  • Listed Debenture Portfolio raised through public issue ₹ 18.31 bn.
  • Net Owned Funds crossed ₹ 64 bn.
  • Gross annual income touched ₹ 57.46 bn.
  • Profit after tax for the year touched ₹ 11.80 bn.
  • Increased stake in BIFPL to 64.60% thus making it a subsidiary.
  • Enlarged stake in MHIL to 88.27%.
  • Improved stake in AAF to 60%.

2018

Muthoot Finance Milestone 2018
  • Loan Assets Portfolio crossed ₹ 291 bn.
  • Listed Debenture Portfolio raised through public issue of ₹ 19.69 bn.
  • Net Owned Funds crossed ₹ 77 bn.
  • Gross Annual Income touched ₹ 62.43 bn.
  • Profit after tax for the year touched ₹ 17.20 bn.
  • Branch network crossed 4,300.
  • Increased stake in BIFPL to 66.61%.
  • Enlarged stake in MHIL to 100% making it a wholly-owned subsidiary.

2019

Muthoot Finance Milestone 2019
  • Loan Assets Portfolio crossed ₹ 342 bn.
  • Listed Debenture Portfolio raised through public issue of ₹ 37.09 bn.
  • Net Owned Funds crossed ₹ 97.69 bn.
  • Gross Annual Income touched ₹ 68.81 bn.

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