Muthoot Pappachan Group: Difference between revisions
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=== Muthoot Fincorp === |
=== Muthoot Fincorp === |
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Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the [[Reserve Bank of India]]. Muthoot Fincorp is a provider of mass finance in the form of gold loans. Decades of dedicated research and experience in rural strongholds have enabled the Company to provide quick and customized finance options and investment schemes for millions of customers who do not have access to mainstream commercial banks. Muthoot Fincorp is amongst the largest Gold Loan companies in India and has an average of 50,000 walk in customers per day. The company has a diverse mix of retail offerings catering to the various needs of its customers including Loan products, Money Transfer, [[Foreign Exchange]], Insurance Services and [[Wealth Management]] Services. The Net worth of Muthoot Fincorp as on 31st March 2014 is Rs. 1249.85 crores and the Capital Adequacy Ratio of the Company is 21.01%.<ref>{{cite web | url = http://www.muthootfincorp.com/aboutus/companyprofile | title = Muthoot Fincorp | publisher = Muthoot Pappachan Group | date = 6 December 2014}}</ref> |
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Muthoot Fincorp Limited is a proactive Systemically Important Non-Deposit Taking Non-Banking Finance Company (NBFC) registered with the [[Reserve Bank of India]]. The company is a mass provider of finance against gold and other loans, with over 2600 branches pan India and has an average of 50,000 walk in customers per day.and now mpg has more than 3700 branches across the india |
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MFL netted a revenue of INR 15070 Million, with a profit of INR 2990 Million for FY 2011-12.<ref>{{cite web | url = http://muthoot.com/ourbusinesses/finance | title = Muthoot Fincorp | publisher = Muthoot Pappachan Group | date = 24 September 2012}}</ref> |
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=== Muthoot Capital Services=== |
=== Muthoot Capital Services=== |
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Muthoot Capital Services Ltd. (MCSL) is the first listed entity of Muthoot Pappachan Group. A Non Banking Financial Company (NBFC) listed on the [[Bombay Stock Exchange]], MCSL offers loans for the purchase of vehicles with cost-effective, value-added services for the benefit of its customers. The Company is licensed by RBI to accept deposits and offers deposit products at attractive rates of interest for the domestic saver. MCSL is presently active in retail financing and caters to the requirements of borrowers both in rural and semi-urban areas. The Company's direct approach helps arrive at solutions that best suit the financial requirements of the applicants. The total number of two wheeler and three wheeler loans disbursed by the company so far in the last six years crossed 3,60,000 as of 31/03/2014. The company is currently servicing more than 1,300+ dealerships in seven states with a strong presence in Hero and Honda which together contribute 80% of the total business..<ref>{{cite web|url=http://www.muthootcap.com/overview.htm|title=Overview|publisher=Muthoot Pappachan Group |date= |accessdate= 6 December 2014}}</ref> |
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Muthoot Capital Services Limited primarily offers vehicle loans, including two-wheeler & three-wheeler loans. It has established its base in the rural and semi-urban areas of South India and has ventured into other states like Maharashtra, Gujarat and Goa. MCSL is listed on the Bombay Stock Exchange with revenue of INR 670 Mio and a profit of INR 155 Mio for FY 2011-12.<ref>{{cite web|url=http://muthoot.com/ourbusinesses/finance|title=The Financial Legacy of the Muthoot Pappachan Group|publisher=Muthoot Pappachan Group |date= |accessdate=24 September 2012}}</ref> |
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=== Muthoot Housing Finance Company=== |
=== Muthoot Housing Finance Company=== |
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Three years back the Group entered the affordable housing finance arena through a subsidiary – Muthoot Housing Finance Company Ltd (MHFL). MHFL caters mainly to the housing finance requirements of customers in the middle and lower income category. The Company offers housing loan, primarily to the people in the unorganised sector to make their dream of owning a home come true. Loan amounts range from Rs. 3 lakhs to Rs. 15 lakhs, with a loan repayment period up to 15 years and a loan to property value of up to 80%. MHFL offers loans for the purchase of ready property, house/flats under-construction, self-construction on own plot and home extension.<ref>{{cite web|url=http://www.business-standard.com/article/finance/muthoot-enters-housing-finance-113011100037_1.html|title= Muthoot enters housing finance |
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Muthoot Housing Finance Company is an emerging home financier in India for the lower and middle income segment and MPG plans to invest INR 1000 Mio in this venture in the near future. The company plans to set up 25 branches initially for the housing finance business and also leverage the strength of the Group’s existing base of over 1.5 million gold loan customers.<ref>{{cite web|url=http://muthoot.com/ourbusinesses/finance|title=Muthoot Housing Finance Company Ltd.:Your Keys To Home Finance|publisher=Muthoot Pappachan Group |date= |accessdate=24 September 2012}}</ref> |
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publisher= Business Standard |date= 11 January 2013}}</ref> |
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=== Muthoot Mahila Mitra=== |
=== Muthoot Mahila Mitra=== |
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Muthoot |
Muthoot Pappachan Group launched Muthoot MahilaMitra (MMM), a micro-finance offering that focuses on empowering women through financial literacy training. Muthoot MahilaMitra follows the Joint Liability Group (JLG) model of micro-finance. Clients are organised in groups of five to ten women from economically weaker sections of society, living in rural and semi-urban areas or urban slums. Target clients are economically active women with regular cash flow through lawful, sustainable and stable economic activity. Under this program, each individual in a JLG is offered a loan between Rs. 10,000 to Rs. 15,000 depending on her repayment capacity, for a tenure of 52 weeks. MMM also fosters entrepreneurship skills among women and gives them basic financial literacy.<ref>{{cite web|url=http://muthoot.com/ourbusinesses/finance|title=Muthoot Mahila Mitra: Financing Friends In Need |date= |accessdate=24 September 2012}}</ref> |
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=== Muthoot Exim === |
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Muthoot Exim precious metals division is an initiative of the Muthoot Pappachan Group that specialises in developing and marketing of precious metal products and services. |
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Swarnavarsham Jewellery, a unique product of Muthoot Exim Precious Metals Division, allows customers to own hallmarked gold jewellery of low ticket sizes (2 to 8 grams) in easy installments. The gold jewellery comes in tamper proof packing, a first of its kind offering in India. |
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Swethavarsham: First of its kind, offering purchase of hallmarked silver coins under spot and monthly payment basis |
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Muthoot Exim launched, Muthoot Gold Point in Coimbatore, the first such centre from an Organised Sector National Player, which will buy scrap, old and used gold items directly from end customers. Muthoot Gold Point aims to provide high levels of customer satisfaction via standardisation and transparency through scientific assessment/valuation of the domestically garnered gold. <ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2014-11-03/news/55720084_1_muthoot-pappachan-group-gold-jewellery-precious-metals-business|title=Muthoot Exim Pvt Ltd forays into gold recycling business segment publisher= EcoNomic Times|date= |accessdate=3 November 2013}}</ref> |
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== INFORMATION TECHNOLOGY == |
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=== Muthoot Pappachan Technologies === |
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== Automotive == |
== Automotive == |
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The Automotive division of Muthoot Pappachan Group has alliances with leading automotive brands for two-wheeler and four-wheeler dealerships. Starting with the two-wheeler dealership for Yamaha and Honda, the automotive division has come a long way and established itself as a dominant player in automotive retail. |
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The Muthoot Papachan Group has automotive dealerships in various locations across Kerala. It has dealerships of Jaguar, [[Land Rover]], [[Honda]] cars,Honda and Yamaha bikes.<ref>{{cite web|url=http://muthoot.com/ourbusinesses/automotive|title=The Best in Wheels: Muthoot Automotive Muthoot JLR |date= |accessdate=24 September 2012}}</ref> |
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In addition, the Muthoot Pappachan Group has dealerships of JLR (Jaguar, Land Rover and Range Rover), Ford Motors, Honda Cars and Vespa Scooters. Muthoot Pappachan Group’s automotive dealerships are spread across Calicut, Ernakulam, Kollam and Trivandrum districts. |
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In India’s dynamic growth story, the automotive industry plays a significant role. In Kerala, Muthoot Pappachan Group imparts momentum to the automotive segment by representing key brands in key markets. In consonance with the overall growth strategy of the Group, the automotive division too will strive to scale new heights in performance and profitability. <ref>{{cite web|url=http://muthoot.com/ourbusinesses/automotive|title=The Best in Wheels: Muthoot Automotive Muthoot JLR |date= |accessdate=24 September 2012}}</ref> |
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== Hospitality == |
== Hospitality == |
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Revision as of 18:40, 6 January 2015
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 | |
| Company type | Public |
|---|---|
| Industry | Financial services, Hospitality, Infrastructure, Automotive, Alternative Energy |
| Founded | 1887 |
| Headquarters | Kochi, Kerala, India |
Area served | India |
Key people | Ninan Mathai Muthoot (Patron Founder) Muthoot Pappachan (Founder) |
| Website | www |
Muthoot Pappachan Group (MPG), founded in 1887, is an Indian business house headquartered in Kochi, Kerala, India. It encompasses several businesses, including Financial services, Automotive dealerships, Hospitality, Real estate, Entertainment, Health services and Alternate energy.
Corporate history
The Group traces its business roots to 1887 from patron founder Ninan Mathai Muthoot. The Group is named after Mr. Mathew M Thomas (popularly known as Muthoot Pappachan). It started with retail provisions business and then moved into chits, finance against gold and other financial services. MPG has diversified into other businesses including hospitality, real estate, automotive dealerships, health services and alternate energy.
Financial Services
Muthoot Pappachan Group has multiple companies under its financial services vertical. These include:
Muthoot Fincorp
Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, is one of the largest NBFCs in India, registered with the Reserve Bank of India. Muthoot Fincorp is a provider of mass finance in the form of gold loans. Decades of dedicated research and experience in rural strongholds have enabled the Company to provide quick and customized finance options and investment schemes for millions of customers who do not have access to mainstream commercial banks. Muthoot Fincorp is amongst the largest Gold Loan companies in India and has an average of 50,000 walk in customers per day. The company has a diverse mix of retail offerings catering to the various needs of its customers including Loan products, Money Transfer, Foreign Exchange, Insurance Services and Wealth Management Services. The Net worth of Muthoot Fincorp as on 31st March 2014 is Rs. 1249.85 crores and the Capital Adequacy Ratio of the Company is 21.01%.[1]
Muthoot Capital Services
Muthoot Capital Services Ltd. (MCSL) is the first listed entity of Muthoot Pappachan Group. A Non Banking Financial Company (NBFC) listed on the Bombay Stock Exchange, MCSL offers loans for the purchase of vehicles with cost-effective, value-added services for the benefit of its customers. The Company is licensed by RBI to accept deposits and offers deposit products at attractive rates of interest for the domestic saver. MCSL is presently active in retail financing and caters to the requirements of borrowers both in rural and semi-urban areas. The Company's direct approach helps arrive at solutions that best suit the financial requirements of the applicants. The total number of two wheeler and three wheeler loans disbursed by the company so far in the last six years crossed 3,60,000 as of 31/03/2014. The company is currently servicing more than 1,300+ dealerships in seven states with a strong presence in Hero and Honda which together contribute 80% of the total business..[2]
Muthoot Housing Finance Company
Three years back the Group entered the affordable housing finance arena through a subsidiary – Muthoot Housing Finance Company Ltd (MHFL). MHFL caters mainly to the housing finance requirements of customers in the middle and lower income category. The Company offers housing loan, primarily to the people in the unorganised sector to make their dream of owning a home come true. Loan amounts range from Rs. 3 lakhs to Rs. 15 lakhs, with a loan repayment period up to 15 years and a loan to property value of up to 80%. MHFL offers loans for the purchase of ready property, house/flats under-construction, self-construction on own plot and home extension.[3]
Muthoot Mahila Mitra
Muthoot Pappachan Group launched Muthoot MahilaMitra (MMM), a micro-finance offering that focuses on empowering women through financial literacy training. Muthoot MahilaMitra follows the Joint Liability Group (JLG) model of micro-finance. Clients are organised in groups of five to ten women from economically weaker sections of society, living in rural and semi-urban areas or urban slums. Target clients are economically active women with regular cash flow through lawful, sustainable and stable economic activity. Under this program, each individual in a JLG is offered a loan between Rs. 10,000 to Rs. 15,000 depending on her repayment capacity, for a tenure of 52 weeks. MMM also fosters entrepreneurship skills among women and gives them basic financial literacy.[4]
Muthoot Exim
Muthoot Exim precious metals division is an initiative of the Muthoot Pappachan Group that specialises in developing and marketing of precious metal products and services. Swarnavarsham Jewellery, a unique product of Muthoot Exim Precious Metals Division, allows customers to own hallmarked gold jewellery of low ticket sizes (2 to 8 grams) in easy installments. The gold jewellery comes in tamper proof packing, a first of its kind offering in India. Swethavarsham: First of its kind, offering purchase of hallmarked silver coins under spot and monthly payment basis Muthoot Exim launched, Muthoot Gold Point in Coimbatore, the first such centre from an Organised Sector National Player, which will buy scrap, old and used gold items directly from end customers. Muthoot Gold Point aims to provide high levels of customer satisfaction via standardisation and transparency through scientific assessment/valuation of the domestically garnered gold. [5]
INFORMATION TECHNOLOGY
Muthoot Pappachan Technologies
Automotive
The Automotive division of Muthoot Pappachan Group has alliances with leading automotive brands for two-wheeler and four-wheeler dealerships. Starting with the two-wheeler dealership for Yamaha and Honda, the automotive division has come a long way and established itself as a dominant player in automotive retail. In addition, the Muthoot Pappachan Group has dealerships of JLR (Jaguar, Land Rover and Range Rover), Ford Motors, Honda Cars and Vespa Scooters. Muthoot Pappachan Group’s automotive dealerships are spread across Calicut, Ernakulam, Kollam and Trivandrum districts. In India’s dynamic growth story, the automotive industry plays a significant role. In Kerala, Muthoot Pappachan Group imparts momentum to the automotive segment by representing key brands in key markets. In consonance with the overall growth strategy of the Group, the automotive division too will strive to scale new heights in performance and profitability. [6]
Hospitality
Muthoot Plaza, the one of its kind star hotel in Trivandrum (Thiruvananthapuram) is to become the Hilton Garden Inn. The hotel reopened on 27 December 2013 after renovation as Hilton Garden Inn with 127 rooms in the business class hotel category. The iconic Vivanta by Taj (previously known as Taj Green Cove) at Kovalam, is one of the internationally renowned Taj Hotels and also one of the jewels in MPG’s Hospitality Crown. MPG's upcoming properties include three business-class hotels and one five-star resort, to be located in Chennai and Kochi. A luxury serviced apartment is under development in Trivandrum. The Muthoot Skychef, with a facility spread over 32,000 sq ft, serves airlines such as Air India, Indian Airlines and Qatar Airways, and charters and VVIP flights.[7]
Real Estate
MPG Hotels and Infrastructure Ventures is a real estate development company headquartered in Trivandrum. The Group is currently developing 6 hotels, to be operated by international brands, as well as commercial and residential spaces in India. Muthoot Technopolis, located in Kochi, is an IT park, with a built-up area of 355,000 square feet wherefrom global IT Majors are operating.[8]
Alternate Energy
MPG has been setting up wind farms in Tamil Nadu, India since 1993. The total installed capacity in wind power is 25 mega watts, with an investment of INR 1250 Mio. MPG has put plans in place to double its wind power generation capacity in the near future.
Entertainment
The Group owns the 943 seater DTS Sound “Kripa Cinema” in Trivandrum.
Ownership of Kerela Blasters FC
Muthoot Pappachan Group (MPG) acquired the title sponsorship of Kerala Blasters FC on 29 September 2014.The club is owned by Sachin Tendulkar. He also unveiled the yellow jersey of the team which has the group's logo on it. This is the first edition of the Indian Super League and commences on 12 October 2014. MPG has signed this sponsorship for 1 year which can be extended up to 5 years.[9]
References
- ^ "Muthoot Fincorp". Muthoot Pappachan Group. 6 December 2014.
- ^ "Overview". Muthoot Pappachan Group. Retrieved 6 December 2014.
- ^ "Muthoot enters housing finance publisher= Business Standard". 11 January 2013.
{{cite web}}: Missing pipe in:|title=(help); line feed character in|title=at position 31 (help) - ^ "Muthoot Mahila Mitra: Financing Friends In Need". Retrieved 24 September 2012.
- ^ "Muthoot Exim Pvt Ltd forays into gold recycling business segment publisher= EcoNomic Times". Retrieved 3 November 2013.
{{cite web}}: Missing pipe in:|title=(help) - ^ "The Best in Wheels: Muthoot Automotive Muthoot JLR". Retrieved 24 September 2012.
- ^ "MPG's Blue Carpet: MPG Hospitality". Retrieved 24 September 2012.
- ^ "Real Estate Built for comfort : MPG Real Estate". Retrieved 8 October 2012.
- ^ "Muthoot Pappachan Group bags title sponsorship of Kerala Blasters FC". 29 September 2014. Retrieved 30 September 2014.
- R. Ravikumar (22 December 2009). "Muthoot Pappachan group plans two hotels in Chennai". The Hindu.
- "Muthoot Pappachan group launches card-based facilities". The Hindu. 21 October 2009.
- Vinson Kurian (2 December 2010). "Muthoot Pappachan Group to buy MFI, eyes stake in others". The Hundu.
- Vinson Kurian (12 December 2010). "Muthoot Pappachan Group to set up housing finance arm". The Hindu.
- "Muthoot Pappachan Group Grows on Diversification and Adaptability". Seasonal Magazine. 22 August 2012.
- "Muthoot Fincorp". Muthoot Pappachan Group. 24 September 2012.
- "Muthoot Pappachan Group bags title sponsorship of Kerala Blasters FC". 29 September 2014. Retrieved 30 September 2014.