Muthoot Microfin, one of the fastest growing microfinance institution in India has been certified in Client Protection by the international agency ‘Smart Campaign’. This is a recognition of the alignment of the institution’s management systems, policies and processes with the Client Protection Principles. This achievement demonstrates the strong commitment from management to promote growth and institutional development within a client protection framework. Receiving this recognition, Mr Sadaf Sayeed (CEO) stated “this certification is a proof that we stick to the […]
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 Group launches its national corporate campaign Read more