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Category : success stories

14 Nov 2018

MUTHOOT MICROFIN RECEIVES ET CHAMPIONS OF RURAL MARKETS AWARD

Mr Sadaf Sayeed receiving the memento from Mr Joydeep K Roy, Partner & Leader – insurance, PwC India. The Economic Times has recognised Muthoot Microfin by conferring Champions of Rural Markets Award during their Rural Strategy Summit held at New Delhi on 26th & 27th September 2018. The recognition was given for the successful work the company has done in the rural markets of India. Mr Sadaf Sayeed, CEO – Muthoot Microfin was also one of the panellists at the…

14 Nov 2018

MUTHOOT MICROFIN RECEIVES HR STRATEGY AWARD AT ASIA PACIFIC HRM CONGRESS

(L to R) Prof. Indira Parikh (Ex- Dean of IIM Ahmedabad) presenting the award to Mr Subhransu Pattnayak along with John Cherian (Head of Enterprise Sales – ADP India) Muthoot Microfin has been recognised with HR Strategy Award by the Asia Pacific HRM Congress. ‘The Asia Pacific HRM Congress Award 2018’ recognizes the best HR practices. The objective behind the award is benchmarking talent and HR practices. Mr Subhransu Pattnayak (Vice President – HR) received the award on behalf of…

23 Jan 2018

Perseverance, hard work pays off

Mahalakshmi A, dwelling at Kosapalayam in Pondicherry is a successful micro entrepreneur managing a small ‘household items’ store in her village. However, her journey to success wasn’t a cake walk. Until 3 years ago, Mahalakshmi’s husband Arumugam – who is a driver, was the only earning member of the family, and his income was too small to maintain the family consisting of two college going children. The situation forced Mahalakshmi to do something of her own to improve the financial…

27 Sep 2017

Fizzing Success thru Hard work

Deepa Udayakumar, a 34-year-old housewife from Vellakkamurani in Palakkad district of Kerala has been associated with their family run soda making business for decades. Five years ago, Deepa decided to start her own venture, but to break into a market which requires some capital investment; she needed to find a suitable financier and an innovative approach to production. Deepa wanted to be a small, artisanal producer with the ability to experiment and make changes to her products to assure greater…

27 Sep 2017

Catering their way to triumph

For the last 3 years, Geetha from Anikode in Palakkad district of Kerala along with 3 other women from her neighbourhood successfully runs a canteen at Palakkad municipal premises with the support of Muthoot Microfin. Geetha and colleagues’ drive to own a small-scale canteen business didn’t just come out of their passion for cooking but came from necessity. With the support of Muthoot, Geetha and company didn’t have to look far when they decided to shift to the catering business…

12 Jul 2016

GROWING STEADILY

Mahalakshmi Place :Soolakkal , Coimbatore . Mahalakshmi is a 38-year-old house wife from Soolakkal in Coimbatore district, Tamil Nadu. Born and raised in this small village on the outskirts of Pollachi, she has only primary education and was married early. Her husband, Karuppasamy is a daily labourer and was often out of work during the rainy seasons which makes living harder for the family of four that includes two small children. The situation forced Mahalakshmi to find a way to…

12 Jul 2016

THREADING FOR A TURNAROUND

Mallika Place :Thamaraikulam , Coimbatore . Thirty-four-year-old Mallika, residing at Thamaraikulam in Coimbatore district of Tamil Nadu has always been a planner and set goals for herself. Thanks to that, she has now become a successful small time business woman and is a role model for her villagers. However, barely 4 years ago, raising even a small amount of capital to start her coir business was out of the reach for this mother of two children. Her transformation from a…

12 Jul 2016

Rolling to Recognition

Kausalya Place :Athikkad, Kanjarakunnam . 50-year-old Kausalya from Athikkad, Kanjarakunnam in Palakkad district of Kerala has now become a successful micro entrepreneur with her ‘Pappad’ making business. Her husband Thankaraj and only son Anoop now assist her in the business which provides the family with earnings around ₹1500 a day. However, the success took its time to reach Kausalya and her family. Earlier, the Pappad business didn’t produce enough income for her family as the production output was way too…

12 Jul 2016

Spinning to Winning

Shylaja Place :Keerikkadu, Kayamkulam . Coastal areas of Alappuzha district in Kerala is well known for its much lauded fishermen community but it is also home to many traditional coir workers. Though the once well bloomed coir industry is in distress at the moment, many workers are still trying their luck in it mainly because they were not good at any other jobs after spending most of their lives in the beleaguered industry. Forty-six-year-old Shylaja from Keerikkadu near Kayamkulam is…

20 Oct 2015

Small step, big leap

Devi Place :Kovaipudur, Coimbatore. Devi is a 32 year old woman entrepreneur, living in a remote village called Kovaipudur in Coimbatore. She and her husband are fruit vendors in the nearby market. They have two children and the family had been having a low standard of living without any progress for a long period of time. A couple of years back, the family expenses began to increase and they faced frequent financial difficulties. At that point of time Devi realized…