Muthoot Pappachan Group

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Muthoot Pappachan Group
Public
IndustryFinancial services, real estate and infrastructure, automotive, IT services, precious metals, alternate energy, security services, insurance, travel & leisure, FOREX, money transfer, gold loans, automobile financing
Founded1887
HeadquartersThiruvananthapuram, Kerala, India
Area served
India
Key people
  • Ninan Mathai Muthoot (patron​ founder)
  • Muthoot Pappachan (founder)
  • Thomas John Muthoot​ (chairman & MD)
  • Thomas George Muthoot​ (promoter - director)
    Thomas Muthoot (promoter -​ director)
Number of employees
26,000
Websitewww.muthoot.com

Muthoot Pappachan Group, also known as Muthoot Blue[1][2], is an Indian conglomerate founded in 1887[3] by Ninan Mathai Muthoot. Headquartered in Thiruvananthapuram, Kerala[4], the group has a work force of more than 26,000[5] employees across 4,200[6] branches in India. The company provides financial services to consumers, businesses, hospitality, automotive dealerships, real estate, healthcare, IT services, precious metals, and alternate energy[3].

History[edit]

Muthoot Group was founded in 1887 by Ninan Mathai Muthoot in Kozhencherry, Kerala[7]. Ninan Mithai Muthoot traded in timber and food grains, supplying rations to large British-run plantations. In 1939, Muthoot Group established banking and finance service to provide immediate financial assistance to customers in rural and non-rural areas through easy secured loans[8]. Post-independence, the demand for credit increased as individuals discovered their household gold as a safe & convenient means to get credit. Ninan Mathai Muthoot then, moved into the gold loan business. In 1979, the business was split among the founder’s three surviving sons. The eldest son, M. George Muthoot, moved out of Kerala and set up Muthoot Finance. The youngest son, Mathew M. Thomas, also known as Muthoot Pappachan, then incorporated Muthoot Pappachan Group or Blue Muthoot[4] [9].

At present, the group is led by the three sons of Mathew M. Thomas - Thomas John Muthoot[5], Thomas George Muthoot [10] and Thomas Muthoot[2].

Subsidiaries[edit]

Financial Services


Non-Financial services

Corporate Social Responsibility[edit]

Project Smile is Corporate social responsibility project supported by Muthoot Pappachan Foundation. In association with Operation Smile India[32], a non-profit medical charity organisation, the ‘Smile Please’[33] mission aims to provide free corrective surgeries to underprivileged children with Cleft lip and cleft palate deformities across the country. The ‘Smile Please’ project had started in 2014 in Kerala and Tamil Nadu.[34][35]. Other services provided under the mission along with the surgery are family counselling, patient education, case-to-case Speech Therapist assessment before and after surgery.

Sports Sponsorship and Associations[edit]

  • Title Sponsors of Kerala Blasters FC - Muthoot Pappachan Group officially sponsored Kerala Blasters FC, an Indian professional football club based in Kochi, Kerala in 2014. The club competes in the Indian Super League, the top tier of Indian Football. They are also the shirt sponsors of the reserve team of the Blasters, the Kerala Blasters FC.[36][37]

References[edit]

  1. ^ "Muthoot Fincorp rolls out 5th tranche of Rs 900-crore capital market plan". The Financial Express. 9 January 2020. Retrieved 12 February 2020.
  2. ^ a b c "Muthoot Pappachan Group: Riding out the storm". www.fortuneindia.com. Retrieved 12 February 2020.
  3. ^ a b Sanjai, Vishwanath Nair,P R. (1 May 2015). "Muthoot Pappachan Group goes back to roots with planned microfinance unit". Livemint. Retrieved 12 February 2020.
  4. ^ a b "The Other Muthoot: True Blue Heirs". Forbes India. Retrieved 12 February 2020.
  5. ^ a b Sangani, Priyanka (10 February 2020). "Muthoot Pappachan Group ties up with UST Global for digital transformation initiative". The Economic Times. Retrieved 12 February 2020.
  6. ^ Sangani, Priyanka (10 February 2020). "Muthoot Pappachan Group ties up with UST Global for digital transformation initiative". The Economic Times. Retrieved 12 February 2020.
  7. ^ Muthoot, MG George (24 November 2014). "40 Years Ago... and now: Pushing for growth". Business Standard India. Retrieved 12 February 2020.
  8. ^ Rai, Saritha. "Indian Billionaire George Muthoot's Pot of Gold" Check |url= value (help). Forbes. Retrieved 12 February 2020.
  9. ^ "Muthoot Pappachan Group: Riding out the storm". www.fortuneindia.com. Retrieved 12 February 2020.
  10. ^ www.ETBrandEquity.com. "Royal Challengers signs Muthoot Fincorp as title sponsor - ET BrandEquity". ETBrandEquity.com. Retrieved 12 February 2020.
  11. ^ "Muthoot Fincorp expects 15-17 per cent growth in assets under management for FY20". The Economic Times. 28 November 2019. Retrieved 12 February 2020.
  12. ^ Bureau, Our. "Muthoot Capital gets approval to list on NSE". @businessline. Retrieved 12 February 2020.
  13. ^ "Muthoot Capital Services Q3 net up 14% to Rs 6.06 cr". Business-standard.com. Retrieved 27 March 2017.
  14. ^ V Sajeev Kumar (10 August 2015). "Muthoot Capital rides high on 'ladies only' loan scheme | Business Line". Thehindubusinessline.com. Retrieved 27 March 2017.
  15. ^ "Muthoot Capital Services to enter car loan segment". Economictimes.indiatimes.com. 14 July 2016. Retrieved 27 March 2017.
  16. ^ "Budget 2020: Will government hike Rs 2 lakh tax rebate on housing loan?". Zee Business. 31 January 2020. Retrieved 12 February 2020.
  17. ^ "Muthoot enters housing finance". Business-standard.com. 11 January 2013. Retrieved 27 March 2017.
  18. ^ Das, Saikat; PM, Indulal (16 October 2017). "PE investors vie for Muthoot Microfin pie". The Economic Times. Retrieved 12 February 2020.
  19. ^ "Muthoot Microfin to divest 15% stake for 150 crore". Economictimes.indiatimes.com. 18 March 2016. Retrieved 27 March 2017.
  20. ^ "investments: Muthoot Microfin raises Rs 130 crore from US-based PE firm Creation Investments". Economictimes.indiatimes.com. 24 January 2017. Retrieved 27 March 2017.
  21. ^ "Muthoot targets to sell one lakh home insurance policies a year". The New Indian Express. Retrieved 12 February 2020.
  22. ^ Kurian, Vinson. "Muthoot Pappachan Chits keen to expand across southern markets". @businessline. Retrieved 12 February 2020.
  23. ^ "Muthoot Blue launches chit fund biz in Chennai". Banking Frontiers. 1 February 2019. Retrieved 12 February 2020.
  24. ^ Ghosal, Sutanuka (5 January 2016). "Muthoot Exim launches gold recycling centre in Kolkata". The Economic Times. Retrieved 12 February 2020.
  25. ^ Bureau, Our. "Muthoot Motors sells 150 JLRs". @businessline. Retrieved 12 February 2020.
  26. ^ "Muthoot Pappachan Group owned Villa Maya wins Trip Advisor Travellers' choice award". The Economic Times. 16 October 2015. Retrieved 12 February 2020.
  27. ^ "AccorHotels to strengthen presence in India with its existing brands". The Economic Times. 6 April 2018. Retrieved 12 February 2020.
  28. ^ "Travel News - Muthoot Pappachan Group plans to invest in the hospitality sector in big way | TravelBiz Monitor". www.travelbizmonitor.com. Retrieved 12 February 2020.
  29. ^ "Muthoot Fincorp enters high-tech security business, launches special arm". The Economic Times. 28 August 2015. Retrieved 12 February 2020.
  30. ^ Bureau, Our. "Muthoot Pappachan Group to widen security initiative". @businessline. Retrieved 12 February 2020.
  31. ^ "Muthoot Pappachan Group rolls out innovative security solutions". The Economic Times. 12 January 2016. Retrieved 12 February 2020.
  32. ^ "Vijayawada Government General Hospital's 'Mission Smile' put on hold?". The New Indian Express. Retrieved 12 February 2020.
  33. ^ India, Press Trust of (18 October 2014). "Muthoot Pappachan Foundation launches 'Smile Please'". Business Standard India. Retrieved 12 February 2020.
  34. ^ "2000 Smilestone for Muthoot Pappachan Cleft Surgery Mission". News Experts. 23 January 2020. Retrieved 12 February 2020.
  35. ^ Senthalir, S. (16 February 2016). "First free cleft surgical mission launched". The Hindu. ISSN 0971-751X. Retrieved 12 February 2020.
  36. ^ "Muthoot Pappachan Group bags title sponsorship of Kerala Blasters FC". Economictimes.indiatimes.com. 29 September 2014. Retrieved 27 March 2017.
  37. ^ Sanandakumar, S. (29 September 2014). "Muthoot Pappachan Group bags title sponsorship of Kerala Blasters FC". The Economic Times. Retrieved 12 February 2020.
  38. ^ "Kerala's first visually-challenged women's cricket team formed". The New Indian Express. Retrieved 12 February 2020.
  39. ^ "Muthoot Pappachan Group Celebrates Blue Soch Of Passionate Youth Through A Special Film". Retrieved 12 February 2020.
  40. ^ "AIFF gives clearance to 89 academies for the 2019-20 season". www.sportskeeda.com. 14 June 2019. Retrieved 12 February 2020.
  41. ^ "A serve to history: Kochi Blue Spikers". The New Indian Express. Retrieved 12 February 2020.
  42. ^ Laghate, Gaurav (27 November 2018). "Pro Volleyball League to start with 6 teams". The Economic Times. Retrieved 12 February 2020.