Muthoot Pappachan Group

Muthoot Pappachan Group
Public
Industry Financial services, Hospitality, Real Estate and Infrastructure, Automotive, IT Services, Global Services, Precious Metals, Alternate Energy, Health Care, Security Services
Founded 1887
Headquarters Trivandrum, Kerala, India
Area served
 India and Middle East
Key people
 Ninan Mathai Muthoot
(Patron Founder)
Muthoot Pappachan
(Mathew M Thomas)(Founder)
Thomas John Muthoot
(Chairman & MD)
Thomas George Muthoot
(Director)
Thomas Muthoot
(Executive Director)
Number of employees
 20000
Website www.muthoot.com

Muthoot Pappachan Group (MPG) is an Indian business house headquartered in Trivandrum, Kerala, India. The company has the slogan 'Believe in Blue',[1] and ecompasses several businesses, including financial services, automotive dealerships, hospitality, real estate, health care, information technology, precious metals and alternate energy. The business was started in 1887 by Muthoot Ninan Mathai.[2][3][4][5][6][7][8][9]

Corporate history

The company has been in operation for 130 years. Initially, the company mainly supplied wholesale goods to the estates owned by in the region.

Currently the group has 20,000 employees working at 3,800 branches in India.[10][11][12][3][13][14]

Financial services

  • Muthoot Fincorp Ltd[15][16][17][18]
  • Muthoot Pappachan Chits: Muthoot Pappachan Chits is a separate company formed by the group as per the Chit Fund Act 1982, India.
  • Muthoot Capital Services Ltd: Muthoot Capital Services Ltd (MCSL) is the first listed entity of Muthoot Pappachan Group. A Non-Banking Financial Company (NBFC) listed on both BSE and NSE, MCSL offers financial solutions including Vehicle Loans (2 wheeler loans). The company is credited with many innovative schemes, including the “Ladies Only” scheme for financing women for purchase of two-wheelers at concessional terms.[19][20][21]
  • Muthoot Housing Finance Company Ltd: In 2014, 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.[22]
  • Muthoot Microfin Ltd: Muthoot Microfin Limited is the microfinance arm of Muthoot Pappachan group (MPG), established in 2010. Muthoot Microfin Ltd. was granted NBFC-MFI license by RBI in 2015.[23][14][24][25][26]
  • Muthoot Risk Insurance Broking Services (P) Ltd: This division of the group is associated with insurance solutions.[27]

Precious metals

  • Muthoot Exim precious metals division specializes in developing and marketing of precious metal products and services.[23][14]
  • Swarnavarsham Gold Jewellery allows customers to own hallmarked gold jewellery (2 to 8 grams) in instalments.[26]
  • Swethavarsham Silver Articles and Jewellery sells hallmarked silver coins, bars, and articles.[24]
  • Muthoot Gold Point, which buys scrap, old and used gold items directly from end customers.[25]

Information technology

Automotive

Hospitality

Real estate

Health care

  • The Muthoot Pappachan Group entered the healthcare arena with Muthoot Life Brigade specialty Hospital and Orthopaedic Centre in Kottayam, Kerala.[33]

Alternate energy

Security services

  • MPG Security Group (P) Ltd is a company with its Head Office in Trivandrum and has operations in 15 states providing Emergency Response Teams to its clients.[4]

Global operations

  • Muthoot Pappachan Foundation: The Muthoot Pappachan Foundation is the non profit arm of the Muthoot Pappachan Group. Muthoot Pappachan Foundation is partnering with Magic Bus to implement its Sport for Development programme in Trivandrum and Ernakulam districts of Kerala.[35][36][37]

Sponsorship

Muthoot Pappachan Group acquired the title sponsorship of Kerala Blasters FC on 29 September 2014.The club is owned by Sachin Tendulkar.[38][39]

References

  1. ↑ "Muthoot Pappachan Group banks on 'trust', says 'Believe in Blue'". Campaignindia.in. Retrieved 2017-03-27.
  2. ↑ "muthoot pappachan group: Latest News & Videos, Photos about muthoot pappachan group". Economictimes.indiatimes.com. Retrieved 2017-03-27.
  3. 1 2 "Muthoot Pappachan Group goes back to roots with planned microfinance unit". Livemint.com. Retrieved 2017-03-27.
  4. 1 2 V. Sajeev Kumar (2015-08-27). "Muthoot Pappachan Group expands security services | Business Line". Thehindubusinessline.com. Retrieved 2017-03-27.
  5. ↑ "Muthoot Pappachan Group: Latest News, Photos, Videos on Muthoot Pappachan Group". Ndtv.Com. Retrieved 2017-03-27.
  6. ↑ "Muthoot Pappachan Group ready to invest in solar energy sector". News18.com. 2012-09-28. Retrieved 2017-03-27.
  7. ↑ "Muthoot Pappachan Group News, Latest Breaking News on Muthoot Pappachan Group | Daily News & Analysis". Dnaindia.com. Retrieved 2017-03-27.
  8. ↑ "Believe in the brighter side, says Muthoot Pappachan Group's latest ad". Firstpost.com. Retrieved 2017-03-27.
  9. ↑ "Muthoot Pappachan Group: Private Company Information". Bloomberg. Retrieved 2017-03-27.
  10. ↑ "Muthoot Pappachan Group owned Villa Maya wins Trip Advisor Travellers' choice award". Economictimes.indiatimes.com. 2015-10-16. Retrieved 2017-03-27.
  11. ↑ "Muthoot Pappachan Group rolls out innovative security solutions". Economictimes.indiatimes.com. 2016-01-12. Retrieved 2017-03-27.
  12. ↑ "Muthoot Group opens gold recycling centre in Vijayawada". Economictimes.indiatimes.com. 2016-06-01. Retrieved 2017-03-27.
  13. ↑ "Muthoot Fincorp promoters to expand real estate business | Business Standard News". Business-standard.com. 2015-07-11. Retrieved 2017-03-27.
  14. 1 2 3 "Muthoot Microfin raises $20 mn from US-based PE firm Creation Investments". Vccircle.com. Retrieved 2017-03-27.
  15. ↑ Madhav Mohan (2016-11-29). "CIO Case Study | Mobile Apps implementation in BFSI industry: How Muthoot Fincorp eased loan collection with QR Code system". CIO.in. Retrieved 2017-03-27.
  16. ↑ "Muthoot Fincorp: Muthoot Fincorp targets 27% growth in gold loan business". Economictimes.indiatimes.com. 2016-09-30. Retrieved 2017-03-27.
  17. ↑ "As gold regains sheen, Muthoot Fincorp eyes 25% jump in volume". Economictimes.indiatimes.com. 2016-07-17. Retrieved 2017-03-27.
  18. ↑ "Muthoot Fincorp Plans Gold Recycling Centres Across Country – NDTV Profit". Profit.ndtv.com. 2015-05-24. Retrieved 2017-03-27.
  19. ↑ "Muthoot Capital Services Q3 net up 14% to Rs 6.06 cr". Business-standard.com. Retrieved 2017-03-27.
  20. ↑ V Sajeev Kumar (2015-08-10). "Muthoot Capital rides high on 'ladies only' loan scheme | Business Line". Thehindubusinessline.com. Retrieved 2017-03-27.
  21. ↑ "Muthoot Capital Services to enter car loan segment". Economictimes.indiatimes.com. 2016-07-14. Retrieved 2017-03-27.
  22. ↑ "Muthoot enters housing finance". Business-standard.com. 2013-01-11. Retrieved 2017-03-27.
  23. 1 2 "Muthoot Microfin to divest 15% stake for 150 crore". Economictimes.indiatimes.com. 2016-03-18. Retrieved 2017-03-27.
  24. 1 2 "investments: Muthoot Microfin raises Rs 130 crore from US-based PE firm Creation Investments". Economictimes.indiatimes.com. 2017-01-24. Retrieved 2017-03-27.
  25. 1 2 "Muthoot Microfin to raise Rs 130 cr from Chicago's Creation Investments". The Financial Express. 2017-01-25. Retrieved 2017-03-27.
  26. 1 2 "Muthoot Microfin raises ₹130 crore from US-based Creation Investments". Thehindubusinessline.com. 2017-01-26. Retrieved 2017-03-27.
  27. ↑ Rorke, Phoebe (2017-02-13). "BRIEF: India's Muthoot Raises $20m in Equity from Creation Investments Amidst Plans to Open 500 New Microfinance Branches - MicroCapital: On microfinance, mobile money, SMEs and other forms of impact Investing". MicroCapital.org. Retrieved 2017-03-27.
  28. ↑ "Company details". Technopark.org. 2016-10-26. Retrieved 2017-03-27.
  29. ↑ "Why Kerala is increasingly housing some of Asia's largest car showrooms". Economictimes.indiatimes.com. 2015-02-01. Retrieved 2017-03-27.
  30. ↑ "Villa Maya, where dining is more than a pleasure (Foodie Trail-Thiruvananthapuram)". Business-standard.com. 2014-10-25. Retrieved 2017-03-27.
  31. ↑ "Muthoot Pappachan Group plans to invest in the hospitality sector in big way". Hospitality Biz India. 2014-01-03. Retrieved 2017-03-27.
  32. ↑ "Archived copy". Archived from the original on 15 August 2016. Retrieved 28 March 2017.
  33. ↑ "Muthoot Pappachan Group Grows on Diversification and Adaptability". Seasonal Magazine. 2012-08-22. Retrieved 2017-03-27.
  34. ↑ "Cabinet clears policy for offshore wind farms". Livemint.com. Retrieved 2017-03-27.
  35. ↑ "Muthoot Pappachan Foundation launches 'Smile Please'". Business-standard.com. 2014-10-18. Retrieved 2017-03-27.
  36. ↑ "'Sports for development project' launched". The Hindu. 2016-02-01. Retrieved 2017-03-27.
  37. ↑ "Bringing smiles to faces of tiny tots". The Hindu. 2017-02-21. Retrieved 2017-03-27.
  38. ↑ "Muthoot Pappachan Group bags title sponsorship of Kerala Blasters FC". Economictimes.indiatimes.com. 2014-09-29. Retrieved 2017-03-27.
  39. ↑ "Sachin Tendulkar terms Kerala Blasters FC as incredible team". The Indian Express. 2015-09-16. Retrieved 2017-03-27.
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