Muthoot Microfin Ltd

(MUTHOOTMF)

Muthoot Microfin Limited was formerly incorporated as Panchratna Stock and Investment Consultancy Services Private Limited on April 06 1992 at Mumbai Maharashtra. The Company converted into a Public Limited Company on April 30 1994 and name was changed to Panchratna Stock and Investment Consultancy Services Limited on June 09 1994. Thereafter name further changed to Panchratna Securities Limited pursuant to a resolution and consequent upon change in name granted by the RoC on June 22 1994. Consequently the name was converted to Muthoot Microfin Limited vide a fresh Certificate of Incorporation on November 06 2012. As a part of the Muthoot Pappachan Group the Company is one of the leading business conglomerates in South India on providing microloans with presence in rural regions of India across financial services automotive hospitality real estate healthcare information technology precious metals and alternate energy sectors. The Company provide loans for women entrepreneurs living in rural areas. The loan products comprise of i group loans for livelihood solutions such as income generating loans and dairy loans and individual loans such as sewing machine loans ii life betterment solutions including emergency loans mobile phones loans solar lantern loans solar fan and education loans and iii health and hygiene loans such as water purifier loans and induction stove loans.The Company commenced the microfinance business undertaken in the FY 2010 which thereafter was taken over by the Promoters of Muthoot Pappachan Group for use of proprietary software and IT systems across their operations and later on was subsequently transferred to Company between April 2014 and March 2017. Further the loan portfolio and active borrowers were transferred from MFL to the Company only as borrowers renewed their microfinance loans. Such borrowers were registered with the Company and their loan account was transferred to Company. The RBI granted NBFCMFI status with effect from March 25 2015.In 2018 the Company was served by 467 branches in 16 states and union territories in India. The Gross Loan Portfolio was Rs. 29202.97 million while in South India was Rs. 24856.50 million as of March 31 2018.The Company has come out with an initial public offer by raising capital consisting of Rs. 500 crore through fresh issue and by issuing upto 16310072 Equity Shares through offer for sale..

Share Price: ₹225.51 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹3,843.92Cr as of today
Listing date: 26 Dec, 2023