Who is the owner of Muthoot Capital?

Who is the owner of Muthoot Capital?

Thomas George Muthoot, along with his brothers, viz., Mr. Thomas John Muthoot and Mr. Thomas Muthoot, is the core Promoter of the much-diversified conglomerate, the Muthoot Pappachan Group (MPG)….

What is the business of Muthoot Capital?

Muthoot Capital Services Ltd is a public limited Non Banking Financial Company registered with the Reserve Bank of India. The company offer non-convertible debentures auto loans small and medium enterprise loans gold loans lease financing and bonds.

Is Muthoot finance a good stock?

Top Pick among lending NBFCs Muthoot Finance is Motilal Oswal’s top stock pick among lending NBFCs, given strong execution track record of the management and the next generation of the family being groomed to take up leadership positions in the future.

Is Muthoot Finance Large Cap?

Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 44461.03 Crore) operating in NBFC sector.

Is Muthoot Finance and Muthoot Capital same?

Muthoot Capital Services Ltd. promoted by the Muthoot Pappachan Group is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India and its equity shares listed in Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

Is Muthoot an NBFC?

Muthoot Finance Limited is a gold financing company. The company is a non-banking financial company (NBFC) which is engaged in providing loan (financing) against collateral of gold jewellery.

What is muthoot blue?

Muthoot Blue Empowers Common Man’s Financial Well-being Through Technology With Digital Blue Initiative In Partnership With UST Global – Muthoot Microfin.

Why did muthoot share fall?

Q4 margins and net interest income (NII) missed Street estimates, due to a much sharper compression of portfolio yield and higher operating expenses, resulting in sharp drop in prices. Muthoot Finance reported a net profit at Rs 1,006.23 crore for the quarter ended March as core interest income fell.

Why is Muthoot Finance down?

Despite a rise in gold prices in the last three months, stocks of gold loan financiers – Muthoot Finance Ltd. and Manappuram Finance Ltd. – are down 17% and 34%. The consistent drop in yields due to intense competition and lower than expected growth in assets under management has led to this downfall.

How many divisions are there in muthoot?

20 diversified business divisions
The Muthoot Group is a flourishing business empire that has pervaded into each and every big & small town of the country, is home to 20 diversified business divisions and 5000+ branches with a global presence.

How many branches does muthoot have?

“Currently, we have over 2,100 branches in south Indian states, primarily Kerala and Tamil Nadu, and 1,200 branches in north India.

Is Muthoot Finance comes under RBI?

KOCHI: Leading gold loan NBFC Muthoot Finance has received the Reserve Bank of India (RBI) sanction to set up a network of ATMs in the country. Muthoot Finance is one of the 10 non-bank players to receive RBI license to create ATM networks.

Is Muthoot Finance a government company?

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. Subsequently, by fresh certificate of incorporation dated May 16, 2007, its name was changed to “Muthoot Finance Private Limited”.

Is Muthoot Finance shutting down?

Gold loan lender Muthoot Finance , which is bearing the brunt of the strike by a section of workers in Kerala, has scotched rumours that it will close down branches outside the State, saying that “such reports are purely untrue, baseless, and with mala fide intention by some unethical players”.

What is difference between muthoot and Muthoot FinCorp?

Muthoot FinCorp and Muthoot Finance are two separate companies without any common promoters. Muthoot FinCorp is headed by Thomas John Muthoot, while Muthoot Finance is headed by M G George Muthoot. While the two parameters are family, cousins, they have no mutual business relations.