Muthoot Microfin raises Rs 130 crore from US-based PE firm Creation Investments KOLKATA: Chicago-based private equity fund Creation Investments has invested Rs 130 crore in Muthoot Pappachan Group promoted Muthoot Microfin to pick up 11% stake, making the valuation of the company at Rs 1,111 crore. Read more
Muthoot Microfin Limited, the microfinance arm of Muthoot Pappachan Group has raised up to ₹165 crores through the issue of non-convertible debentures (NCDs). The fund has been raised by issuing NCDs on private placement basis. The NCDs — which have been rated ‘A- stable’ by CRISIL – implies a high degree of safety regarding timely servicing of financial obligations and low credit risk. The private placements made with an international agency and a national player was issued in 3 transactions […]
MUMBAI: Muthoot Fincorp is in advanced talks with foreign private equity funds to raise between Rs 400 and Rs 500 crore for its microfinance business as it looks to expand its diversified lending portfolio with more consumer-centric products and insulate itself from the impact of volatile gold prices. Read more
Impact & Importance of Sanitation Loan – Muthoot Microfin Muthoot Microfin touches the lives of people in different ways and helps them transform it. See this video to understand how our sanitation loans are improving the quality of life of women dwelling in the remote rural outskirts of India.
Aimed at leveraging the power of activities and sports as a tool to provide underprivileged children with better learning and life enhancement opportunities, Muthoot Pappachan Foundation has launched the “Sports for Development” project in collaboration with the NGO ‘Magic Bus India Foundation’. Kochi Mayor Ms Soumini Jain officially launched the project at Kochi on Jan 30. Padmashri Anju Bobby George, Chairperson, Target Olympic Podium Scheme (TOPS) and Ernakulam MLA, Hibi Eden were the chief guests at the function. In the […]
Muthoot Pappachan Foundation has tied up with Kovalam Football Club in an effort to promote young sporting talent in the country by providing them with a credible platform. As a part of the association, MPF will impart skill based training to the young club players. Kovalam FC is the only team from Kerala to qualify for the first Under 15 Youth League National football tournament to be held in Bengaluru early this year. Mr. Thomas Muthoot, Executive Director-MPG, said. “it […]
The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new entity – MPG Security Group to take its “technologically advanced security services through emergency response teams (ERTs)” nationwide. The Kochi-based diversified group has also roped in Mr. Raman Srivastava, the ex-Kerala top police officer and also the former director general of the BSF, as its chief security advisor, the company said. “MPG Security Group and its emergency response teams are the first of their […]
Muthoot Pappachan Group will hive off its microfinance business into a separate company as RBI has granted NBFC-MFI license to Muthoot Microfin Ltd. – which the group had acquired and renamed for microfinance operations. The growth in loans by Microfinance Institutions (MFIs) and the improving regulatory environment for micro lenders had convinced the group to create a separate subsidiary for this business. The new company, Muthoot Microfin Ltd., will commence operations in FY 2015-16. Currently, the group is offering micro […]