Muthoot Capital Services

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Muthoot Capital profit grows news

      




Muthoot sees 'silver' lining in Kabali; sells Rajinikanth coins

Honda Motorcycles and scooters India has tied up with Muthoot Capital Services to offer financing facilities for its two wheelers customers.

August 25, 2015 : Muthoot Capital Services Shares Now Trade on NSE

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  • International Business Times Online

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    MUTHOOT CAPITAL SERVICES LIMITED RECORDS 20% INCREASE IN REVENUE FOR FY 2015 TO RS. 191.28 CRORES FROM RS. RS.158.76 CRORES IN FY 2014.

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    Muthoot Capital Services Ltd. enters into the Preferred Financier tie-up with Suzuki Motorcycle India Pvt. Ltd.

    R Manomohanan, CEO, Muthoot Capital Services shares his views on the company and future expectations in an interview to CNBC-TV18.
    Muthoot Capital Q3 net profit up by 4%
    The Times of India   The New Indian Express
     
       
       
             
    Malayala Manorama   Janmabhumi   Deepika
       
       
             
    The Muthoot Pappachan Group today announced its association as the Title Sponsor of one of the biggest team of Indian Super League (ISL) Kerala Blasters , the Indian Super League football team of Kerala.


    The association as the title sponsor was announced jointly by Mr Thomas George Muthoot, Director of Muthoot Pappachan Group and Cricket legend SachinTendulkar.

      Muthoot Fincorp to act as biz correspondent for banks


      Read report online

      Muthoot Capital Services Ltd First Quarter Net Profit Rs.5.41 Crores
      The Times of India   The New Indian Express
        The Hindu
         
         
               
      Malayala Manorama   Varthamanam   Mangalam
         
         
               
      Mathrubhumi   Kerala Kaumudy
       
         

      View document - Muthoot Capital Services Ltd First Quarter Net Profit Rs. 5.41 Crores


      Read report online

      Mr Thomas John Muthoot speaking during the Union Budget Impact Analysis 2014 conducted by CII Thiruvananthapuram Zone at Hotel Hilton Garden Inn, Punnen Road, Thiruvananthapuram on 14th July 2014

      Panel members:

      1.Mr Thomas John Muthoot - Vice Chairman, CII Thiruvananthapuram Zone & Chairman & Managing Director Muthoot Pappachan Group

      2. Mr Koshy Eapen P - Director, B S R & Associates LLP

      3. Mr Venkatesan R - Partner, BSR and Company

      4. Mr G Vijayaraghavan - Member State Planning Board

      5. Mr V K Mathews - Executive Chairman The IBS Group

      6. Dr M I Sahadulla - Chairman & Managing Director Kerala Institute of Medical Sciences

      7. Mr S Srinath - Senior Advisor, KPMG

      Expectations of Mr. Thomas John Muthoot from the new Narendra Modi Government

      Muthoot Pappachan Group has got a new address in Mumbai Sunshine Tower Dadar

         
         

      MCSL 2013-14 Annual Results - Online coverage

      Hindu Business Line   Metro Vartha
        New Indian Express
         
         
               
      News Age   Pudhari   Sakal Times
         
         
      Malayala Manorama
               

      View Document - Muthoot Capital Services - Annual Results 2013-14 Online Coverage Dossier


      Read report online

      Muthoot Pappachan Group launches its national corporate campaign 'Believe in Blue'

      31st March, 2014: Muthoot Pappachan Group (MPG) established in 1887 is a diversified conglomerate with an overwhelming presence in multiple verticals including Financial Services, Hospitality, Automotive, Real Estate & Infrastructure, IT Services, Healthcare, Precious Metals, Global Services and Alternate Energy. The group today announced the launch of its first national TV campaign with the tagline 'Believe in Blue'

      The 'Believe in Blue' TV campaign which goes on air from March 31, 2014, focuses on the concept of trust apart from building a distinct identity Muthoot Pappachan Group. Trust always has a two-way interaction. It is something that the Muthoot Pappachan Group has followed obsessively over the years. Every dialogue that the group has with customers, staff and with the outside world starts with the belief that people are inherently trustworthy. This faith has resulted in millions placing their trust in the comforting familiarity of the blue logo of Muthoot Pappachan Group. The film, conceptualized by Taproot India and directed by Prakash Verma from Nirvana Films, gives the viewer a glimpse of the two sides of belief. It takes him on a journey of a relationship that begins with trust. One which, at its peak, leads to belief that lasts a lifetime, the kind of belief that people have in the Muthoot Pappachan Group.

      Commenting on the unique campaign, Mr. Thomas George Muthoot, Director, Muthoot Pappachan Group, said: "Over the last 127 years, the Muthoot Pappachan Group has grown from a small business to a large conglomerate. And what has brought us here is trust. We owe our success to the customers who have consistently believed in our services & efforts. The campaign builds beautifully on this trust, by showing the different sides of it; and also effectively differentiates us from competition." Mr. Muthoot further added.

      Agnello Dias, Creative Director, Taproot said, "Belief has two sides, but we usually focus on just one. The idea was to explore both the sides of belief. The belief that the Muthoot Pappachan Group places in people, which has led to millions believing in the Muthoot Pappachan Group"

      The TVC begins at a restaurant where a father and son are sitting outside at the restaurant lawn, while another father and his two sons are inside the restaurant. The moment it starts raining, the father who is seated at the restaurant lawn looks alarmed and worried and starts hurrying inside the restaurant with his son for cover while the father who is sitting inside the restaurant is happy & full of excitement and takes his two sons outside to enjoy the rain. The campaign leaves us with a thought about how two father-son pairs look at the same circumstance differently because of the level of belief that they have in themselves and the world.

      The TVC will be aired on the news channels from March 31, 2014.

      Creative Credits:

      Creative Agency - Taproot India

      Creative Director - Mr. Agnello Dias

      Production House - Nirvana Films

      Film Director - Mr. Prakash Verma

      Online sites - Afaqs.com

                          - firstbiz.com

                          - Campaign India

      Deepika

      Muthoot Pappachan Group"Believe in Blue" TVC 90 seconds

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      Muthoot Pappachan Group "Believe in Blue" TVC 45 seconds

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      Corporate video


      Muthoot Pappachan Group risk management team wins India Risk Manager Awards 2013

      Senior Vice President - Audit & Risk Management (MPG Group), Mr. Vivek Shenoy has received the maiden "Risk Manager of the Year Award 2013" part of India Risk manager awards 2013. The event held at Mumbai honoured Mr. Shenoy for his spectacular work on using the TEE (Tamper Evident Envelope) as a key risk improvement tool for the safety of gold ornaments pledged by the Muthoot Fincorp customers. This idea has been implemented nationally across the vast majority of Muthoot Fincorp's branches. Muthoot Fincorp is the first gold loan company to design and implement a TEE securing gold ornaments. This initiative has strengthened the current process and lead to process enhancement which further enhances customer satisfaction and lives up to the trust quotient of millions of customers.

      Muthoot Capital's topline soars.

      Kerala based listed NBFC Muthoot Capital Services, belonging to Muthoot Pappachan Group, has reported a standalone sales turnover of Rs.40.25 crore and a net profit of Rs.5.15 crore for the quarter ended Dec'13.

      Read More - Seasonal Magazine March 2014

      MPG to expand Housing, Vehicle and Micro Finance loan portfolio, to touch 3500 Crs by 2016.
      Malayala Manorama
      Muthoot Capital Q3 net at Rs 5 cr

      Muthoot Capital Services Limited (MCSL) recorded a net profit of Rs 5.15 crore for the quarter ended in December, 2013 as against Rs 5.16 crore recorded during the same period of 2012-13. There is a minor increase in the gross profit of the company at Rs 7.80 crore as against Rs 7.65 crore. Gross revenue increased to Rs. 40.43 crore, compared to Rs. 26.57 crore for the corresponding quarter last year, recording an increase of 52%.

      View Document - Muthoot Capital Services Records Substantial Grows In Revenues

      Read Online - Business Standard

      Read Online - Money Control

      Malayala Manorama Kerala Kaumudy
      Business Standard
      Reserve Bank’s decision to increase LTV will rebuild lost confidence

      With the Reserve Bank of India (RBI) increasing the loan-to-value (LTV) ratio for gold loan companies, borrowers can secure loans of up to 75 per cent of the value of the gold jewellery pledged, against 60 per cent earlier. Thomas John Muthoot, chairman and managing director of Muthoot Pappachan Group, believes the move reflects the central bank’s confidence on gold loan non-banking financial companies. In an interview with Somasroy Chakraborty, he says while higher LTV provides an opportunity to expand the gold loan portfolio, the lender will remain cautious, given the volatility in gold prices.

      Read Online - Business Standard

      RBI norms prompt gold loan companies to offer new products.

      The strict regulatory norms announced by the Reserve Bank of India (RBI) have prompted gold loan companies to diversify their product offering and to venture into new segments.

      Read Online - Economic Times

      Economic Times
      Muthoot Fincorp associates with Ezhu Sundara Rathrikal

      Muthoot Fincorp co-partner with the new Malayalam movie Ezhu Sundara Rathrikal, directed by Lal Jose and produced by Rateesh Ambat, Prakash Verma and Jerry John Kallat. - Click here to view

      Muthoot Fincorp new TVC - Click here to view

      Hilton Garden Inn Trivandrum to be the city's first internationally-branded hotel.

      TRIVANDRUM, December 19, 2013 Hilton Worldwide and Muthoot Pappachan Group today announced that it will introduce the Hilton Garden Inn brand in Kerala with the opening of Hilton Garden Inn Trivandrum on December 27, 2013. Hilton Garden Inn is an award-winning brand of upscale yet affordable hotels. Strategically located in the city centre on Punnen Road, Hilton Garden Inn Trivandrum is near prime government institutions and commercial establishments, a 20-minute drive from the airport and 12 kilometres from the IT Technopark at Kazhakkottam ,The opening of Hilton Garden Inn Trivandrum will be a significant step in Hilton Worldwide's expansion into prime city centre locations across India,- said Guy Hutchinson, vice president, operations - India, Hilton Worldwide.

      Owned by Muthoot Hotels & Infrastructure Ventures (P) Ltd. and managed by Hilton Worldwide, Hilton Garden Inn Trivandrum features 134 guest rooms and suites, Garden Grille all-day restaurant, a bar, outdoor swimming pool, Precor certified 24-hour fitness centre and 2,600 square feet of conference and events space that can accommodate up to 450 people. Guests at the hotel will also be able to enjoy the Hilton Garden Inn brand’s signature offerings that include complimentary internet access throughout the hotel, 24-hour business centre services, remote printing facility and the 24-hour Pavilion Pantry convenience mart.

      Adrian Kurre, global head, Hilton Garden Inn said, We are pleased with this opportunity to extend the brand's presence in India. Hilton Garden Inn has set the standard in the mid-market sector offering an award-winning combination of best-in-class customer service and affordable comfort and convenience. We are confident that Hilton Garden Inn Trivandrum will fast become the first choice of travellers seeking upscale and affordable accommodation in the city.

      "The Muthoot Pappachan Group is delighted to partner with Hilton Worldwide, a global leader in the hospitality industry, for its foray into Trivandrum and the introduction of the Hilton Garden Inn brand in Kerala and Trivandrum. With the opening of Hilton Garden Inn Trivandrum, we look forward to providing world-class international standards of hospitality in Kerala, said Thomas John Muthoot, chairman and managing director, Muthoot Pappachan Group.

      Hilton Garden Inn ,now in Trivandrum

      Online Report - IANS Live

      Business Line Times of India
      Malayala Manorama
      Hilton Press Meet.
      MUTHOOT CAPITAL SERVICES LIMITED RECORDS NET PROFIT OF Rs. 5.13 CRORES IN Q2 2013-2014.

      Kochi, 06th Nov The unaudited financial results of Muthoot Capital Services Limited, part of the Muthoot Pappachan Group, for the quarter ended 30th September, 2013 reveals continued good performance. The Board of Directors of the Company which met here today approved the financial results of the Company for the quarter and the half year ended 30th September 2013.

      The Company recorded net profit of Rs.5.13 crores for the second quarter of financial year 2012-2013. The net profit for the corresponding quarter last year was Rs. 5.07 crores. The Total Income of the Company increased to Rs.37.38 crores during the quarter ended 30th September 2013, as compared to Rs.24.24 crores during the corresponding period last year. The profit before tax for the second quarter was Rs. 8.16 crores as compared to Rs. 7.24 crores during the corresponding period last year.

      Considering the cumulative performance for the two quarters in the half-year ended 30th September 2013, the Company achieved a total income of Rs. 72.10 crores compared to Rs.46.28 crores for the corresponding period last year. The profit before tax for the half year increased to Rs 17.25 crores compared to Rs 14.80 crores for the corresponding H1 last year. The Company recorded net profit amounting to Rs 11.11 crores for H1 2013-2014 compared to Rs. 10 crores for the corresponding period last year.

      “The Company is mainly into financing purchase of two wheelers and three wheelers at present. The Company has been able to continue its good performance in spite of the declining trends in vehicle sales across the country, due to its strong brand value and extreme customer focus” said Mr. Thomas George Muthoot, Managing Director.

      “To increase the business levels substantially, the Company is planning to add other loan products like lease financing, loan against property, in addition to financing purchase of tractors, second hand cars etc.”, said Mr. R. Manomohanan, CEO of the Company.

      Season's Magazine

      economictimes.indiatimes.com - Read more

      www.moneycontrol.com - Read more

      Muthoot Fincorp enters the final round of The 2013 UP-START Cloud Awards.

      The 2013 UP-START Cloud Awards are now established in the cloud community as the de-facto recognition platform to cultivate the understanding, appreciation and advancement of the contribution of cloud computing to the business and technology community. Disruptive and next generation Cloud Computing companies, as well as innovative stealth mode / emerging solution providers, are invited to step up to the plate and showcase their capabilities to receive a coveted industry recognition, as well as a tangible prize.

      Muthoot Fincorp is a finalist in the ‘Best Hybrid Cloud Solution’ Category - Read more

      Muthoot Pappachan Foundation organizes blood registration drive across the country.

      Muthoot Pappachan Life Blood Directory, a strategic CSR initiative of the Muthoot Pappachan Group organized a blood directory registration drive throughout its 3,700-odd Muthoot Fincorp branches, in different states, across the country. The drive which commenced around the National Voluntary Blood Donation day has seen an encouraging response from Blood Donors across the country marking over 50,000 registrations in the directory. Muthoot Life Blood Directory has also announced launch of the Champions Programme, a pilot initiative in Kerala wherein 70 volunteered staff will spread the message across Kerala about Blood Donation and will appeal to the general public to register in the Muthoot Life Blood Directory. These staff are trained on the concepts of Voluntary Blood Donation and are equipped to reach out to communities and social forums enabling a positive change among the people.

      Smt. K Chandrika, Hon’ble Mayor of Trivandrum commenced the programme on 10th November. Speaking on the occasion, Smt. K Chandrika, Hon’ble Mayor of Trivandrum said, “Trivandrum has been facing the scarcity of blood donors, as the need of blood donation has been rising at an alarming rate. Through this initiative, we appeal to general public to be part of this noble cause.”

      The national drive, which marks over 50000 registrations so far across India, has seen an enthusiastic response from donors in states like Tamil Nadu, Kerala & Andhra Pradesh marking more than 70% of the total registration, in the directory. “Muthoot Lifeblood Directory, one of our initiatives under the CSR Health theme, aspires to establish the largest Voluntary Blood Donor Pool in the country. It is not just a CSR activity for us; but we are instrumental in building a platform to address one of the critical requirements of our country in the health sector – Life Blood. We also intend to alleviate the stigma on blood donation and in turn support people in need. ” said Mr. Thomas John Muthoot, Chairman & Managing Director, Muthoot Pappachan Group.

      The directory includes a prominent presence of donors with rare blood groups, which accounts for 17 per cent of the total donor list. The rare blood group list comprises of over 8500 donors that include donors from rarest blood groups likes Bombay Group (1 nos), ARh-ve (1 nos), A2B- (2 nos), A2- (7 nos), A1B- (29 nos), A2B+ (63 nos), A2+ (70 nos), A1-ve (175 nos) etc. Over 300 patients have been supported by the Lifeblood Directory with over 500 units of blood, donated from its esteemed voluntary donors.

      The Muthoot Life Blood Directory was launched, on the National Voluntary Blood Donation Day 2012. A full-fledged portal www.muthootlifeblood.com was developed enabling Muthoot Fincorp branches to log in, to locally register new donors and post requests for blood. The location specific donor management process is supported through this portal. The portal is also publicly accessible to check the availability of Donors at required locations on a district basis. Its services are available across the nation, enabling a 24x7 help desk access through a toll free number 1800 300 00 109.

      News Today Trinity Mirror
      Malayala Manorama Mathrubhumi
      Veekshanam Deepika
      New Age Maalai Sudar
      Makkal Kural Kathir Mathi
      Maalai Thamizhagam
      MUTHOOT CAPITAL SERVICES LIMITED RECORDS NET PROFIT OF Rs. 5.13 CRORES IN Q2 2013-2014 .

      Kochi, 06th Nov The unaudited financial results of Muthoot Capital Services Limited, part of the Muthoot Pappachan Group, for the quarter ended 30th September, 2013 reveals continued good performance. The Board of Directors of the Company which met here today approved the financial results of the Company for the quarter and the half year ended 30th September 2013.

      The Company recorded net profit of Rs.5.13 crores for the second quarter of financial year 2012-2013. The net profit for the corresponding quarter last year was Rs. 5.07 crores. The Total Income of the Company increased to Rs.37.38 crores during the quarter ended 30th September 2013, as compared to Rs.24.24 crores during the corresponding period last year. The profit before tax for the second quarter was Rs. 8.16 crores as compared to Rs. 7.24 crores during the corresponding period last year.

      Considering the cumulative performance for the two quarters in the half-year ended 30th September 2013, the Company achieved a total income of Rs. 72.10 crores compared to Rs.46.28 crores for the corresponding period last year. The profit before tax for the half year increased to Rs 17.25 crores compared to Rs 14.80 crores for the corresponding H1 last year. The Company recorded net profit amounting to Rs 11.11 crores for H1 2013-2014 compared to Rs. 10 crores for the corresponding period last year.

      “The Company is mainly into financing purchase of two wheelers and three wheelers at present. The Company has been able to continue its good performance in spite of the declining trends in vehicle sales across the country, due to its strong brand value and extreme customer focus” said Mr. Thomas George Muthoot, Managing Director.

      “To increase the business levels substantially, the Company is planning to add other loan products like lease financing, loan against property, in addition to financing purchase of tractors, second hand cars etc.”, said Mr. R. Manomohanan, CEO of the Company.

      economictimes.indiatimes.com
      moneycontrol.com
      Business Standard Times of India
      Malayala Manorama Metro Vaartha
      Deepika Kerala Kaumudhi
      Gold Loan portfolio will reach estimated growth; Housing Loan and Microfinance business to see robust growth .

      In an exclusive chat with Mr. Vishwanath Nair of The Financial Express, Thomas John Muthoot, CMD, Muthoot Pappachan Group speaks about the growth of the Housing Loan and Microfinance businesses and why growth for the Gold Loan portfolio will not be hampered by the recent regulatory norms.

      Times of India
      MPG associates with INK Conference 2013

      INK (Innovation and Knowledge) Conference , is a stimulating experience created around simultaneous workshops, projects, contests, speaker interactions, and more. With this global gathering of artists, entrepreneurs, scientists, musicians, bloggers, inventors and illustrious thinkers, all under one roof, INK provided exposure to new ideas, broadens horizons and creatively engages everyone in meaningful dialogue. The 2nd edition of INK was held in Kochi, Kerala from October 25th-27th, 2013.
      Here is just one of the many incredible stories - Sabriye Tenberken
      Here is Mrs. Usha Uthup joined on stage by her daughter and granddaughter for some foot-tapping, soulful music -    Mrs. Usha Uthup


      Mr R. Manomohanan addresses CII Kerala Finance Conclave 2013.

      Kochi 23 October : The Confederation of Indian Industry (CII)’s Kerala Finance Conclave 2013 was held today at the Taj Gateway, Kochi. Represented by prominent Financial Institutions in the state, the conclave provided a platform for companies across the spectrum of financial services to present and discuss their concerns, challenges and growth stories. Mr. Manomohanan, CEO - Muthoot Capital Services, spoke on ‘Financial inclusion & the growing role of NBFC’s across the nation’.



      MPG inaugurates the Security and Vigilance Headquarters .

      Trivandrum ,18th Oct . MPG today inaugurated its Security and Vigilance Headquarters in Trivandrum ,Kerala . Connected to the branch network pan India , the centralized vigilance monitoring cell will enable MPG to keep a close watch on the activities inside the branches there by negating frauds and offering security to the customers assets and employees . MPG already had nodal monitoring office in key locations, which will now be overseen by the new control room .

      The next leg of growth will be more balanced – Thomas John Muthoot – Hindu Business line

      Thomas John Muthoot, Chairman & Managing Director of Muthoot Pappachan Group, talks about the impact of RBI regulations and the way forward for all established players in the gold loan space.

      hindubusinessline.com

      Mr Jayakrishnan P., AVP-IT receives CIO Award

      In the 8th Indian edition of the CIO100 Awards & Symposium hosted in Pune on 5th & 6th Sept 2013, P. Jayakrishnan, AVP-IT wins the CIO100 business technology leadership award for Muthoot Fincorp’s Cloud Sync IT project implemented to collect branch data at a central location using cloud technology. The project facilitates the availability of online, on demand management information which aids corporate MIS, effective audit, customer service etc. The award, instituted by CIO Magazine has a long tradition of honouring leading ?companies for business and technology leadership and innovations through its premiere award program—CIO100. Other organizations that won the award alongside are Wipro, Infosys, HDFC, Bajaj, Renault, Philips, Hindalco, Lakshmy Vilas Bank, ING etc.

      Online report :cio.com



      Muthoot Capital Services Q1 profit up 21.3%

      Mathrubhumi
      09 Aug 2013
        Malayala Manorama
      09 Aug 2013
       
         
         
      Janmabhumi
      09 Aug 2013
        Kerala Kaumudhi
      09 Aug 2013
       
         
         
      Veekshanam
      09 Aug 2013
        Deepika
      09 Aug 2013
       
         
         
      Mangalam
      09 Aug 2013
        Metrovartha
      09 Aug 2013
       
         
         
      Times of India
      09 Aug 2013
        Hindu Business Line
      09 Aug 2013
       
         
         
      Business Standard
      09 Aug 2013
       
       
       
      Dr. Shashi Tharoor launches Muthoot Pappachan Group’s Life Blood Directory Portal and Helpdesk

      Trivandrum, June 22, 2013: Dr. Shashi Tharoor , Union Minister of State for HRD inaugurated Muthoot Pappachan Group’s Life Blood Directory Portal and Helpdesk facility here today. The Muthoot Pappachan Life Blood Directory organized by Muthoot Pappachan Foundation is now live with its Portal and Help Desk. It is for the first time that such a help desk facility is being organized with a country wide reach. Following the World Blood Donor day on June 14th , all branches of the Muthoot Pappachan Group (over 3600 nos) have been equipped to support the donor management process.

      The pilot of the Directory commenced on October 1st 2012 , the National Voluntary Blood Donation Day, by opening the Directory through the Muthoot Fincorp branches in Kerala. Any willing person can voluntarily join the Directory by signing the consent form at any Muthoot Fincorp branch. Within this short span of the pilot phase, more than 30,000 people have registered in the Directory at the branches of Muthoot Fincorp. Most of the Group Company staffs are also members of the Directory. More than 100 donations were done through the Directory.

      Entering into the second phase of the process, where the system is supported by a portal for the Muthoot Fincorp branches to register new Donors to the Directory as well as posting blood requests from any part of India. The requests will be processed at a central Help Desk. The Donor Management is done at the help desk and confirmation from prospective Donors based on the required units and location will be intimated to the patient’s relatives at the earliest.

      Any person can register in the Directory by just walking into any of the nearest Muthoot Fincorp branch and providing their personal information and signing the consent form. Also they can access the portal through the domain www.muthootlifeblood.com to locate the nearest Muthoot Fincorp branches for both registering in the Directory as well as for placing request for blood in case of emergency for their near and dear ones.

       
       
      Malayala Manorama
      22 June 2013
        Mathrubhumi
      22 June 2013
       
         
         
      Metro Vaartha
      22 June 2013
        Veekshanam
      22 June 2013
       
         
         
      The Hindu Business Line
      22 June 2013
        The New Indian Express
      22 June 2013
       
         
         
      The Times Of India
      22 June 2013
       
       
       

      Annual General Meeting of KNBFC

      Kochi, 6th June, 2013 - Kerala Non-Banking Finance Companies(KNBFC), the welfare association formed by Reserve Bank of India authorized Non-Banking Finance Companies with their registered offices in Kerala, held this year’s annual meet today in Kochi. The Annual Meet was inaugurated by Shri K. M. Mani, Hon’ble Minister for Finance, Govt. of Kerala. The event was also graced by Mr. Shreedhar Prasad, Director, Risk consulting at KPMG, Mr. Thomas George Muthoot, Chairman of KNBFC, Mr. Kurian C George, Vice Chairman, KNBFC and other eminent representatives of other NBFCs in Kerala.The Annual Meet mainly focused on the various risks as well as governance challenges that are faced by the NBFCs in the current scenario and how a proactive approach towards compliance can help minimize these risks.

      Speaking on the occasion, Mr. K M Mani, Kerala Finance Minister said “People are not getting credit from banking sectors owing to technical hurdles but NBFC’s are filling this gap. Banks face problems to expand their rural presence ,there NBFC’s come to the rescue of the rural masses. The state government is committed to encourage the sector .

      Mr. Thomas George Muthoot, Chairman of KNBFC said, ‘’Over the years the NBFC Sector has not only grown in size, but also in terms of interconnectedness and systemic importance. Most of the NBFCs enjoy huge credit lines with the Banking system. Hence it is very essential that the NBFCs should function in a systematic and healthy manner contributing to the financial stability of the economy of our Country. Therefore, the need for adequate control over the NBFCs should not be overstated. NBFCs strictly abide by the rules prescribed by the Government and the RBI and we will continue doing our business in a fair manner”

      Janmabhumi
      6 May 2013
        Kerala Kaumudhi
      6 May 2013
       
         
         
             
      Malayala Manorama
      6 May 2013
        Mangalam
      6 May 2013
       
         
         
             
      Mathrubhumi
      6 May 2013
        Metro Vartha
      6 May 2013
       
         
         
             
      The New Indian Express
      6 May 2013
        The Times of India
      6 May 2013
       
         
         
             
      Veekshanam
      6 May 2013
       
       
       
             
      MUTHOOT CAPITAL Q4 NET RISES, SET TO COMMENCE TRACTOR LOANS

      Muthoot Capital Services Ltd., the BSE listed NBFC of the Muthoot Pappachan Group, today announced its audited financial results for the year ended 31st March 2013. The Company has registered an impressive growth during the year ended March 31, 2013 with the Net Profit rising 40% to Rs 21.76 crores, as compared to Rs 15.51 crores for the previous year. The total revenue for the year reached Rs.107.22 crores compared to Rs.67.35 crores in the previous year, recording a growth of 59%. The total loan disbursements for the year ended March 31, 2013 jumped 49% to Rs. 431.16 crores compared to Rs 288.45 crores during corresponding period last year.

      Based on the impressive performance of the Company for the year ended March 31, 2013, amid slowdown in economy in general and auto sector in particular, the Board has recommended a dividend of Rs.4 per share (40%).The Company's profit for the quarter ended 31.03.2013 recorded a growth of 3% to Rs.6.58 crores, as compared to Rs.6.39 crores during the corresponding quarter last year. The total revenues during the quarter ended 31 March 2013 increased 38% to Rs.32.61 crores, compared to Rs.23.69 crores during the corresponding quarter last year. The Company continues to focus on financing of two wheelers and three wheelers. It disbursed 95,000 loans during the year compared to 67,000 loans last year, which is an increase of 42%. The total number of two wheeler and three wheeler loans disbursed by the company so far has crossed 2,13,000 by 31.03.2013. The total loan assets also registered an impressive rise of 66% to Rs.482.20 crores as on 31.03.2013 compared to Rs.290.76 crores as on 31.03.2012.

      Commenting on the financial performance, Mr. Thomas George Muthoot, Managing Director, Muthoot Capital Services Limited said, "Our three-pronged strategy, of consolidating in Kerala, building up a formidable presence in south India and making entry into other parts of India has translated into superior financial performance during the year. Our foray into three wheeler financing with strategic tie up with Mahindra and Piaggio was a major milestone during the year." "The rural market is estimated to grow leaps and bounds and we aim to become the number 1 financier in the rural segment. The company plans to foray into tractor financing and used car financing in the current year. We are also planning to extend our reach to Rajasthan, Punjab and Madhya Pradesh during the year." added Mr Muthoot.

      "The Company catered to the customers' needs by introducing unique financing products like chequeless scheme, 100% funding scheme and 1% interest scheme.

      While the Company's monthly average loan disbursal during 2012-13 stood at Rs 36 crores, the disbursal reached Rs. 60 crores in March 2013" said Mr R Manomohanan, CEO, Muthoot Capital Services Ltd.

      The company is currently sourcing business from 600 plus dealerships, the majority of these being Hero and Honda which together contribute 80% of the total business. The Company is the preferred financier for these 2 wheeler manufacturers. During the year, the company activated 250 plus counters.

      The Time of India
      6 May 2013
        Deccan Chronicle
      6 May 2013
       
         
         
             
      Financial Chronicle
      6 May 2013
        Indian Express
      6 May 2013
       
         
         
             
      The Asian Age
      6 May 2013
        The Financial Express
      6 May 2013
       
         
         
             
      The Hindu Business Line
      6 May 2013
        The Financial World
      6 May 2013
       
         
         
             
      Business Standard Hindi
      6 May 2013
        Economic Times Hindi
      6 May 2013
       
         
         
             
      Navbharat
      6 May 2013
        Aap Ka Faisla
      6 May 2013
       
         
         
             
      Virat Vaibha
      6 May 2013
        The Times of India
      6 May 2013
       
         
         
             
      Mathrubhumi
      6 May 2013
        Malayala Manorama
      6 May 2013
       
         
         
             
      Deepika
      6 May 2013
        Janmabhumi
      6 May 2013
       
         
         
             
      Kerala Kaumudhi
      6 May 2013
        Veekshanam
      6 May 2013
       
         
         
             
      Hari Bhoomi
      6 May 2013
        Metro Vartha
      6 May 2013
       
         
         
             
             




      Kapil Dev addresses Muthoot staff

      Thiruvananthapuram, 5th May - Cricketing legend Kapil Dev addressed the national leadership and employees of the Muthoot Pappachan Group (MPG) at its annual meet held here.

      Dev recounted the historic success achieved by the 14-member Indian cricket team captained by him when it won the World Cup 30 years ago.

      Business success in today’s competitive global scenario can be achieved through focus, consistency, innovation and enthusiasm, which the Indian team had demonstrated to the world, he said.

      Along with John Muthoot, chairman and managing director, Muthoot Fincorp, he felicitated ‘top performer’ employees across the diversified MPG verticals.


      Read report online





      MUTHOOT FINCORP UNVEILS NEW MOBILE PHONE APP TO STORE JEWELLERY VIRTUALLY

      The Time of India
      26 March 2013
        Mail Today
      26 March 2013
       
         
         
             
      The Financial World
      26 March 2013
        Business Standard
      26 March 2013
       
         
         
             
      Business Line
      26 March 2013
        Mathrubhumi
      26 March 2013
       
         
         
             
      kerala kaumudi
      26 March 2013
        Veekshanam
      26 March 2013
       
         
         
             
      Janmabhumi
      26 March 2013
       
       
         
       
       


      Read report online





      MUTHOOT CAPITAL NET GROWS 52%

      The Economic Times
      30 January 2013
        The Time of India
      30 January 2013
       
         
         
             
      The Hindu Business Line
      30 January 2013
        Malayala Manorama
      31 January 2013
       
         
         
             
      Janmabhumi
      31 January 2013
        Deepika
      30 January 2013
       
         
         
             
      Mangalam
      30 January 2013
        Mathrubhumi
      30 January 2013
       
         
         
             


      Read report online



      MUTHOOT CAPITAL SERVICES TO DIVERSIFY ITS PORTFOLIO

      Thomas George Muthoot, Director, Muthoot Pappachan Group says that Muthoot Capital Services, a group company will expand its services and grow its car loan segment in the coming fiscal. This will augment its current two wheeler and three wheeler loan portfolio.

      Read report online »



      MUTHOOT CAPITAL SERVICES LIMITED Q2 NET JUMPS 50%


      Kochi, 01st Nov
      - The audited financial results of Muthoot Capital Services Limited, part of the Muthoot Pappachan Group, for the quarter ended 30th September, 2012 reveals substantially higher performance compared to the corresponding period last year. The Board of Directors of the Company which met here today approved the audited financial results of the Company for the quarter and the half year ended 30th September 2012.

      The July – September Q2 net profit increased to Rs.5.07 crores from Rs.3.38 crores, recording an impressive growth of 50%, compared to the second quarter last year.

      Due to the cost control measures adopted by the Company, the profit before tax recorded a jump of 42.80 % to Rs. 7.24 crores as compared to Rs. 5.07 crores, during the corresponding period last year.

      Mr Thomas George Muthoot, Managing Director, said: "Despite the challenging economic environment, the financial performance during the quarter has been superior, owing to twin factors – healthy asset quality and control on expenditure. Our aim is to provide efficient service to our ever-increasing customer base in the future."

      The Total Income of the Company increased to Rs.24.63 crores during the quarter ended 30th September 2012, as compared to Rs.14.75 crores during the corresponding period last year, registering a growth of 66.98%.

      The Interest expenditure during the quarter increased to Rs.8.58 crores as compared to Rs.4.53 crores during the corresponding quarter last year, recording an increase of 89.40%. The operational expenses during the corresponding period recorded an increase of 71.07 %, to Rs.8.81 crores as compared to Rs.5.15crores.

      Considering the cumulative performance for the two quarters in the half-year ended 30th September 2012, the net profit during the April – September 2012 half year increased 74.22% to Rs 10 crore as compared to Rs. 5.74 crores during the corresponding half year, last year.

      The Company achieved a total income of Rs. 46.80 crores for the half year, as compared to Rs.26.98 crores during the corresponding period last year, recording a growth of 73.46%.

      The interest expenses during the period increased to Rs.15. 77 crores, as compared to Rs. 9.05 crores, which is an increase of 74.25%. The operational expenses rose to Rs 16.23 crores as compared to Rs. 9.33 crores, representing an increase of 73.95%.

      The profit before tax increased 72.08% to Rs 14.80 crores as compared to Rs 8.60 crores during the corresponding H1 last year.


      The New Indian Express
      3 November 2012
        The Time of India
      3 November 2012
       
         
         
             
      Malayala Manorma
      2 November 2012
        Mathrubhumi
      2 November 2012
       
         
         
             
      Deepika
      2 November 2012
        Veekshanam
      2 November 2012
       
         
         


      Read report online




      COVERAGE ON MUTHOOT PAPPACHAN GROUP'S TIE UP WITH MAHINDRA & MAHINDRA

      Deepika
      25 October 2012
        Janmabhumi
      25 October 2012
       
         
         
             
      Mangalam
      25 October 2012
        Mathrubhumi
      25 October 2012
       
         
         
             


      Read report online




      Mahindra & Mahindra signs MoU with Muthoot Capital Services Ltd for Three Wheeler funding

      October 19, 2012: Mahindra & Mahindra Ltd. (M&M), India's leading SUV manufacturer, today signed a Preferred Financier agreement with Muthoot Capital Services Ltd (MCSL), one of the largest and most reputed Non Banking Finance Company (NBFC) in the country with long and illustrious lending history. Under the aegis of this tie-up, M&M customers will be able to avail of vehicle finance related services through nearly 3000 outlets of the Muthoot Pappachan Group across India. The MOU was signed by Shri Satyendra Kumar Thakur, Senior General Manager, Sales South Zone – Mahindra & Mahindra Ltd and Shri R Balakrishnan, Vice President, Muthoot Capital Service Ltd, in the presence of Shri R Manomohanan, Chief Executive Officer, Muthoot Capital Services Ltd.

      The tie-up will enable both M&M and Muthoot Capital Services Ltd to leverage on the inherent strength of each other's vast network of over 250 dealer outlets and 3000 financial services outlets respectively across India.

      Speaking on this occasion Mr. Manomohan , CEO of Muthoot Capital Services Limited said "The Three Wheeler segment is picking up quite well despite the difficult market conditions and we are looking at having a decisive stake in this growing auto finance segment. Mahindra and Mahindra is a great brand and by joining hands, we aim to take our services within arm's reach of the customer, delivering value for money and making vehicle financing a hassle free and pleasant experience.

      MCSL is part of the Muthoot Pappachan Group, that has been associated in the past with various leading brands offering sales and post sales services and comes with a clear understanding of the market dynamics and customer expectation. The flexi plan will offer customers the flexibility to pay within the stipulated loan period according to his convenience on the available cashflow. The services will be positioned aggressively at par with the prevailing market rates. This tie up will initially be established in South India, Goa, Maharashtra and Gujarat.

      Speaking on the tie-up, Shri. Arun Malhotra, Sr. V.P Sales & Customer Care, Automotive Division, Mahindra & Mahindra Ltd., said, "At Mahindra, we always look at options to provide the best schemes to our customers and give them the power of choice. This strategic tie-up is a step in the same direction. MCSL offers innovative yet simple products and services supported by state-of-the art technology at affordable rates to SME and retail customers. With highly competitive schemes for 3 wheeler loans approved in 24 hrs with simple flexible repayment option, we are hopeful of a good response from our dealers and customers."




      Muthoot Capital Services Q1 FY-13 Net Profit Up 110% To Rs. 493 Lakhs

      - Shareholders approved dividend of Rs 3.5 per share

      Kochi, July 31, 2012 – Muthoot Capital Services Ltd. has announced its financial results for quarter ended June 30, 2012 reporting 110 % growth in net profit to Rs. 4.93 crores as compared to Rs. 2.35 crores in the corresponding period last year.

      The unaudited financial results of Muthoot Capital Services Limited, (a listed entity of the Muthoot Pappachan Group) for the quarter ended 30th June 2012 has registered a substantial increase in the revenue to Rs. 22.17 crores as compared to Rs. 12.23 crores, for the corresponding period last year, thus recording an increase of 81%.

      During the quarter, the total loan portfolio of the Company increased to Rs. 329.23 Crores from Rs. 199.33 crores in the corresponding quarter last year, recording an increase of 65%. At present the Company has more than 1.50 lakhs borrowers, mainly under the 2 wheeler category.

      The shareholders of Muthoot Capital Services Ltd (MCL) have also approved the dividend of Rs. 3.5 per share (35%) in the Annual General Meeting held today, as recommended earlier by the board. The substantial dividend is a reflection of the superior performance of MCL during the financial year April 2011 to March 2012.

      Mr Thomas George Muthoot, Managing Director, Muthoot Capital Services Limited said: “Despite challenging business scenario – high interest rate regime, rise in fuel prices, and reduced off take of vehicles, we have succeeded in reporting robust growth. Introducing cost efficiencies and efficient use of technology has stood by us in good stead.”

      The Muthoot Pappachan Group is seeing very strong growth in various verticals like Vehicle, Housing and Micro Finance, Two Wheeler Dealerships, Hospitality, Alternate Energy; the gold loan business is gearing well to the challenges and the Group as a whole is set to achieve substantial milestones in this fiscal.   

      Economic Times
      1 August 2012
        Financial world
      1 August 2012
       
         
         
             
      Business Line
      1 August 2012
        Sakal Times
      1 August 2012
       
         
         
             
      The Times of India
      1 August 2012
        Malayala Manorama
      1 August 2012
       
         
         


      Read report online



      Muthoot Capital promoters to sell 3 lakh shares

      Promoters of Muthoot Capital Services Ltd have proposed to sell about 3 lakh shares held by them in the company at a near 20 per cent premium to the current market price.

      Read report online



      Muthoot Capitals to concentrate on small value vehicle loans

      Muthoot Capital Service Limited to shift concentration from the gold loan business to two and three wheeler vehicle financing in the current fiscal. It has also doubled the targets of the last financial year. The company has expanded it geographical reach to include North Indian states thereby optimising on growth opportunities. MCSL already enjoys a robust presence in the Southern Indian states.

      Read report online

       



      Muthoot Cap net profit up by 60.5% in Q4

      The Times of India
      12 June 2012
        The Hindu
      13 June 2012
       
         
         
             
      Business Line
      13 June 2012
        The Indian Express
      13 June 2012
       
         
         

      Read report online




      Muthoot Capital Services records growth in Q4 FY 2011-12

      Financial Chronicle
      01 May 2012
       
       
       
         
      Read report online (The Times of India) »



      Muthoot Capital targets 1000 Cr AUM

      Business Standard
      22 February 2012
        The Times Of India
      21 February 2012
       
         
         
             

      Read report online »


      Muthoot Capital Services to enter used car financing market

      The Financial Express
      22 February 2012
        Financial Chronicle
      21 February 2012
        The Times of India
      21 February 2012
         
         
               
      Financial Chronicle
      21 February 2012
             
             
             
               

      HR Summit 2012, IIM Kozhikode

      Mr. M.S. Sreekumar, Associate Vice-President-Human Resources at Muthoot Capital Services Ltd. and President-National HRD Network Cochin Chapter, carried the session forward with his views on social conventions, pressures and expectations faced by women. He says India is a 'paradox of thoughts'. With the rise of market-dictates, there is a feeling that men are more equipped to wage the market war. Women can enter the warzone only when they develop their own individual sense of identity, clearly define their job and family roles and know their strengths.

      Click here to read the report online.


      Hero ties up with Muthoot group

      Hero MotoCorp Ltd has tied up with Muthoot Capital Services Ltd (MCSL), a division of Muthoot Pappachan Group, to offer instant, need-based financial services for its two-wheeler customers.

      The tie-up will enable Hero MotoCorp penetrate deep by offering its products in the semi-urban and rural markets using the services of Muthoot group's retail outlets and dedicated manpower at every Hero MotoCorp dealer/authorised outlets of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka and Goa.

      Click here to read the report online.


      Postal Ballot Result

      The Company is pleased to announce that Mr. Thomas George Muthoot, Managing Director, declared the result of the voting conducted through Postal Ballot on the Ordinary Resolution under section 293(1) (d) of the Companies Act, 1956, seeking consent of the Members to increase the borrowing powers of the Board of Directors to a sum not exceeding Rs. 500 Crores over and above the aggregate of paid up capital of the company and its free reserves at any time. The details are as follows:
      Resolution: (Ordinary Resolution): 10065937 votes were cast in favour of the Resolution (99.85%) and 15367 votes were cast against the resolution. 17885 votes were invalid.



      Postal Ballot Process

      The board of directors had decided at their meeting held on 5th September, 2011, to go for postal ballot process to obtain the members' approval for passing the resolution for increase in borrowing powers of the Company from the present Rs. 150 crores to Rs. 500 crores. The Company has dispatched to its members on 19th September, 2011, notice under Section 192A of the Companies Act, 1956, along with the Postal Ballot Form and a reply envelope (for which postage is paid by the Company), in relation to the Ordinary Resolution under Section 293(1) (d) of the Companies Act, 1956, seeking approval of the Members for increasing the borrowing powers. Mr. Sivakumar P., M Com., FICWA, FCS, CMA, Managing Partner, SVJS & Associates, Company Secretaries, 39/3519 B, First Floor, Padmam Apartments, Ravipuram, Kochi -682016, is appointed as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.


      Muthoot Capital Services Limited net profit jumps 34.75%

      The audited financial results of Muthoot Capital Services Limited for the year ended 31st March, 2011 reveal substantially higher performance compared to the corresponding period last year. The net profit of the Company increased from Rs.717.28 lakhs to Rs.966.55 lakhs, an impressive growth of 34.75% over last year . The total Income of the Company registered a growth of 67.87%, from 2247.56 lakhs during the previous year to 3772.92 lakhs in the current year. Commensurate with the increase in operations, the interest expenses increased by 67.30% to Rs 1157.07 lakhs from Rs. 691.61 lakhs in the last year. On account of the substantial increase in manpower and infrastructure to support the enhanced level of activities, the operational expenses during the corresponding period recorded an increase of 139.08 %, from Rs. 456.93 lakhs to Rs. 1092.44 lakhs. The profit before tax recorded a jump of 33.40% from Rs. 1087.42 lakhs in the previous year to Rs. 1450.61 lakhs during the year ended 31st March 2011.

      During the quarter ended 31st March 2011, the net profit increased to Rs.267.90 lakhs, from Rs. 206.14 lakhs compared to the corresponding quarter in the previous year, recording a growth of 29.96%. The total Income for the Company increased to Rs. 1153.62 lakhs during the quarter ended 31.03.2011 from Rs.662.29 lakhs during the corresponding period last year, registering a growth of 74.19%. The profit before tax during the corresponding period increased by 28.64% from Rs. 313.71 lakhs to Rs.403.57 lakhs.

      The Company has been expanding the activities in across south Indian states and Goa ,under the Automobile finance segment, mainly two wheeler financing. The Company was able to disburse 35123 loans in the year 2010-2011 amounting to Rs 138.35 crores. The outstanding loan amount increase from Rs 39.99 crores as on 31-03-2010 to Rs 129.79 crores as on 31-03-2011, with a delinquency ratio of only 0.18% as on 31-03-2011, is the lowest in the industry.

      The Company is introducing innovative products under the Automobile Finance Segment. Through the Smart Plus Auto Loan, the full cost price of the vehicle is given as loan, enabling the borrowers to leverage their gold ornaments against the margin requirement. The Company expects very good response to this product from the market.

      Another innovative product to be introduced by the Company in the near future is loan against Gold Exchange Traded Funds (ETF). The Gold ETFs are securities issued by Asset Management Companies against 995 purity gold kept by them with depositaries. The securities are in dematerialised form, easily transferable, easily encashable and are traded in stock exchanges. By introducing this product, the Company will be putting to use the Group’s core competence in granting loan against gold, to provide liquidity for investors in ETF thereby promoting the popularity of ETF.

      “The Company continues to focus on providing value creation for all the stakeholders namely the staff, shareholders and above all the customers, by providing financial services solutions suiting the market needs, upholding the highest values in professional management” said Mr.Thomas George Muthoot, Managing Director.

      “The Company is committed to meeting the needs of the market under Automobile finance sector and its aiming to become the leading player in the segment in South India by March 2013” said Mr. R. Manomohanan, Chief Executive Officer.

      Auto Loan Milestone at MCSL

      Muthoot Capital Services reached the milestone of 2,000 auto loan disbursements during June 2010, resulting in an impressive revenue of INR 7.83 Crores. A growth of 31% over the previous month. With its auto loan product, MCSL is marching onto greater heights. The peak performers were branches in Kulanada and Chettikulangara, two small towns in Kerala. This is in line with Muthoot Pappachan Group’s mission to reach every town and every Indian, offering competitive financial services, where such services not available.

      Family benefits from free life cover as part of husband’s Eezy Auto Loan

      Mr. Ashokan Narayanan, an autorickshaw (goods) driver who availed an Eezy loan from Muthoot Capital Services through its Vaikom branch was hit by a car on 3rd December at Thottakam and had been struggling for his life in an ICU for the next few days. He died on 19th December, leaving his wife Mrs. Sarasamma and two children, Asha and Aneesh.

      Initiated by the concerned staff at the Vaikom Branch and assisted by Team Auto Loan, Mr. Ashokan’s son Aneesh, a +2 student, collected all relevant documents and submitted to Apollo Munich, the insurers.

      Mr. Ashokan Narayanan’s widow received Rs.1,00,000 for his life coverage and Rs.10,000 as an education fund for her son from Apollo Munich. A woman with health problems, she had already started working, following the death of her husband.

      The family was not even aware about the additional life cover benefit offered as part of the Eezy auto loan.


      Muthoot Capital Services CEO, Mr. Manomohanan, handing over the cheque to Mrs. Sarasamma, in the presence of Area Manager, Kottayam, Mr. Jacob K Abraham and Apollo Munich Senior Manager, Mr. Ranju Kuruvilla Kurian.

       

      Muthoot Capital Services Limited net jumps 32.53%

      12 May 2010, Kochi: Muthoot Capital Services Limited today announced the audited financial results for the year 2009 -2010 at the meeting of the Board of Directors in Kochi. The Company achieved a substantially higher performance in 2009-2010 compared to the corresponding period last year. The Board of Directors recommended payment of dividend at the rate of Rs.2.50 per each share of Rs.10 (which is equal to 25%).

      The net profit of the Company increased from Rs. 541.24 lakhs to Rs.717.28 lakhs, recording an impressive growth of 32.53 %, compared to the last year figures. The total income of the Company registered a growth of 29.27 %, from Rs.1738.61 lakhs during the previous year to Rs.2247.56 lakhs in the current year. The Company has succeeded in restricting the interest expenses to Rs 691.60 lakhs compared to Rs. 615.29 lakhs in the last year, which is an increase of only 12.40%. The operational expenses during the corresponding period recorded an increase of 67.22%, from Rs. 273.24 lakhs to Rs. 456.93 lakhs. Due to the cost control measures adopted by the Company, especially in restricting the financial expenses, the profit before tax recorded a jump of 30.21% from Rs. 835.14 lakhs in the previous year to Rs. 1087.42 during the year ended 31st March 2010.

      During the quarter ended 31st March 2010, the net profit increased to Rs.206.14 lakhs, from Rs. 153.52 lakhs compared to the corresponding quarter in the previous year, recording a growth of 34.28%. The total Income for the Company increased to Rs. 662.29 lakhs during the quarter ended 31.03.2010 from Rs.488 lakhs during the corresponding period last year, registering a growth of 35.72 %.

      Commenting on the results Mr. Thomas George Muthoot, Managing Director of the Company said, “The improved performance of the company is mainly on account of the increased portfolio of services provided by Muthoot Capital Services Limited. The Company has successfully added an array of financial services and products like the two-wheeler loans, which are well appreciated by the public. We are introducing more products to cater to the needs of the business community like the SME loans, property loans, bills discounting, loans for buying second hand cars etc.”

      Mr. R. Manomohanan, Chief Executive Officer of the Company added, “The excellent performance of the Company is a testimony of the prudent policies followed by the Company in taking care of all the stake holders viz. the share holders, the customers and the public. The Company is going ahead with the 1:1 rights issue which is likely to hit the market by August/September 2010”.

      The Company has identified many other areas where the branch network can be put to good use for distribution of services and third party financial products, resulting in fee based income, at the same time offering diversified value added service to the customers.

       

      Claim Settlement by MPF

      Helping hand from Muthoot even in our customer's absence..

         

      Honda Motorcycle, Muthoot Capital Services tie up

      Honda Motorcycle and Scooter India Pvt Ltd has tied up with Muthoot Capital Services Ltd (MCSL), a division of Muthoot Pappachan Group, to offer instant “need-based financial services” for its two-wheeler customers. The tie-up will enable HMSI to penetrate deep into the semi-urban and rural markets using the services of MCSL’s retail outlets and dedicated manpower at every HMSI sub-dealer point.

      HMSI has a strong dealer network in Kerala and Tamil Nadu, where the financing options will be available initially. The two companies will work closely to bring in operational efficiency, optimise the turn around time (TAT) and enhance customer satisfaction. The financing option will be offered to customers purchasing two wheelers at the authorised Honda retail outlets on an equated monthly instalments under the innovative flexi repayment options.

      MCSL 1st Quarter Results Announced

      The unaudited financial results of Muthoot Capital Services Limited for the quarter ended 30th June 2009 reveals substantially higher performance compared to the corresponding period last year. The results were approved in the meeting of the Board of Directors held in Kochi on 28th July 2009.

      The total income from operations for the Company increased from Rs 357.71 lakhs in the quarter ended 30th June 2008 to Rs 507.52 lakhs in the corresponding period this year, registering a growth of 41.88 %. However the interest expenditure increased by 61.89 % from Rs. 109.83 lakhs to Rs 176.83 compared to the corresponding period last year. Proactive measures implemented by the Company resulted in restricting the other expenditure during the period and this resulted in a Profit Before Tax of Rs 252.03 lakhs. Compared to Rs 180.98 lakhs for the corresponding period last year, the increase in Profit Before Tax is 39.26%. The net profit increased from Rs.122.17 lakhs to Rs 167.23 Lakhs, recording a growth of 36.87%.

      Speaking on the future outlook of the company Mr. Thomas George Muthoot, Managing Director stated that, “We expect a good year ahead with signs of recovery in the economy as a whole. We are expecting a surge in the coming quarters with the onset of festival season in India".

      Commenting on the company’s performance, Mr. R Manomohanan CEO Muthoot Capital Services limited said, “We feel happy with our performance in the first quarter of the current financial year. The stringent measures taken by the company for cost control and resources optimization are proving beneficial and we expect that it will make a positive impact on the current performance.”

      The Company is maintaining its growth trajectory in operations as well as profits by increasing the exposure under the existing schemes and introducing innovative products, continuing to maintain the highest quality of the assets portfolio. The two wheeler loans offered by the Company are well received in the market. Recently the company has announced its tie up with Honda two wheelers to offer need based loan for buying two wheelers. There has been good response to the small and medium sized loans offered for traders and other businessmen. The Company plans to enhance its loans portfolio, by introducing innovative loan products. The latest addition to its loan portfolio is the scheme for financing of gold bullion. Under the scheme, the company will be extending finance to jewelers for purchase of 999 pure gold bullion from Rajesh Exports Ltd.(REL), the largest jewellery exporters from India. The gold imported by REL is sold through Muthoot Exim, the consignment agents for REL and the company will be extending finance for the purchasers of gold from Muthoot Exim.

      The Company’s plans for organic growth by increasing the number of branches and adding to the portfolio of services and products are well under way. The Company is poised to increase the business levels and improve profits in the current year. The Company is going ahead with its plans to open Branches in Maharashtra, Madhya Pradesh and Gujarat to complement the existing branches in reach and business. Also, The Company is contemplating to offer the entire spectrum of capital market related products to the investing public.

      Muthoot Capital Services Q3 profit up at Rs 1.72 crores

      Muthoot Capital Services Ltd has announced the financial results for the quarter ended on 31-December-2009. The Net Sales was at Rs.5.52 crores for quarter ended on 31-December-2009 against Rs.4.43 crores for the quarter ended on 31-December-2008.

      The Net Profit / (Loss) was at Rs.1.72 crores for the quarter ended on 31-December-2009 against Rs.1.29 crores for the quarter ended on 31-December-2008.

      The company has reported an EPS of Rs.2.65 for the quarter ended on 31-December-2009 against Rs.2 for the quarter ended on 31-December-2008.

      The Net Sales was at Rs.15.67 crores for 9 months ended on 31-December-2009 against Rs.12.24 crores for the 9 months ended on 31-December-2008.

      The Net Profit / (Loss) was at Rs.5.11 crores for 9 months ended on 31-December-2009 against Rs.3.88 crores for 9 months ended on 31-December-2008.

      The company has reported an EPS of Rs.7.86 for 9 months ended on 31-December-2009 against Rs.5.97 for 9 months ended on 31-December-2008.

      Muthoot Capital Services posts 33% growth in net

      Muthoot Capital Services Limited has registered a 33 per cent growth in its net profit for the quarter ended December 31, 2009, touching Rs 172.55 lakh against Rs 129.67 lakh during the corresponding period last year. The total income from operations for the quarter ended increased to Rs 556.98 lakh from Rs 456.67 lakh for the corresponding period last year, registering a growth of 22 per cent At the same time, the expenditure other than interest expenditure went up to Rs 132.65 lakh from Rs 63.40 lakh, which amounted to an increase of 109 per cent.

      However, the company has been able to control financial expenses, resulting in reduction of interest expenses to Rs 162.75 lakh from Rs 196.37 lakh in the corresponding quarter last year, which is a saving of 17 per cent. The total expenses during the quarter recorded increase up to Rs 295.39 lakh compared to Rs 259.76 lakh for the corresponding quarter last year, which is an increase of only 14 per cent, Mr R. Manomohanan, Chief Executive Officer, said in a release.

      Less expenses
      As a result of the company's ability to restrict the increase in expenses, the profit before tax recorded an increase of 33 per cent from Rs 196.90 lakh during the quarter ended December 31, 2008, to Rs 261.59 lakh for the quarter ended December 31, 2009.

      For the nine months ended December 31, 2009, the company achieved a total income of Rs 1585.27 lakh, compared to Rs 1250.62 lakh during the corresponding period last year, recording a growth of 27 per cent.

      The expenditure other than interest expenses increased from Rs 214.80 lakh to Rs 317.72 lakh, which is an increase of 48 per cent.

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