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private equity players like Baring India Private Equity, Matrix Partners India, Kotak India Private Equity Fund and Well come Trust for a 6% stake in the Company. In 2011, well comes Trust picked up an additional 1% stake from the promoters, taking the total stake of private equity investors to 7%.
The company on March 22, 2005 filed a certified copy of the order of the High Court of Kerala with the RoC.With the successful implementation of the Scheme of Amalgamation, the undertaking of Muthoot Enterprises Private Limited along with its assets and liabilities was transferred to and vested in our Company. KEY EVENTS, MILESTONES AND ACHIEVEMENTS YEAR 1. 2001 RBI license obtained to function as an NBFC. 2. 2004 Obtained highest rating of F1 from Fitch Ratings for short term debt of Rs. 200 million. 3. 2005 Retail loan and debenture portfolio of the Company exceeds Rs. 500 million. 4. Merger of Muthoot Enterprises Private Limited with the Company 5. 2006 F1 rating obtained from Fitch Ratings affirmed with an enhanced short term debt of Rs. 400 million. 6. 2007 Retail loan portfolio of the Company crosses Rs. 10 billion. 7. RBI accords status of Systemically Important ND-NBFC. 8. Branch network of the Company crosses 500 branches. 9. Net owned funds of the Company crosses Rs. 1 billion. 10. 2008 Net owned funds of the Company crosses Rs. 2 billion. 11. Retail loan and debenture portfolio crosses Rs. 20 billion and Rs. 10 billion respectively. 12. F1 rating obtained from Fitch Ratings affirmed with an enhanced short term debt of Rs. 800 million.
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13. Overall credit limits from lending banks crosses Rs. 5 billion. 14. Conversion of the Company into a public limited company. 15. Fresh RBI license obtained to function as an NBFC without accepting public deposits, consequent to change in name. 16. 2009 Retail loan and debenture portfolio crosses Rs. 30 billion and Rs. 15 billion respectively. 17. Net owned funds of the Company crosses Rs. 3 billion. 18. Gross annual income crosses Rs. 5 billion. 19. Overall credit limits from lending banks crosses Rs. 10 billion. 20. 2010 Retail loan and debenture portfolio crosses Rs. 50 billion and Rs. 20 billion respectively. 21. Net owned funds of the Company crosses Rs. 4 billion. 22. Overall credit limits from lending banks crosses Rs. 20 billion. 23. ICRA assigns A1+ rating for short term debt of Rs. 2 billion. 24. CRISIL assigns P1+ rating for short term debt of Rs. 4 billion. 25. Branch network of the Company crosses 1,000 branches. 26. Demerger of the FM radio business into Muthoot Broadcasting Private Limited. 27. Private equity investment of an aggregate of Rs. 1,575.45 million from Matrix Partners India Investments, LLC and Baring India Private Equity Fund III Limited.
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Muthoot Finance, Indias largest gold loan company is the first choice of Indians who want to make their dream a reality. May the dream be to start their own business or to buy their own home, for over 124 years Muthoot Finance has helped almost every Indians dream come true. Trusted by over 70000 customers every day, Muthoot Finance Gold Loan has services and products that fit the need of any customer, making it the quickest, most convenient and safest way to take a gold loan. Key features of Gold Loan: Loan disbursal in 5 minutes Loans starts from 1,500 to 1 Crore Minimal documentation and credit assessment requirements High quality customer service in short response time Evaluation of gold ornaments takes place in house. Safety of Gold Ornaments: All branches as equipped with Strong Rooms for keeping safe custody of Gold Ornaments Gold Loan available at over 3,000 Muthoot Finance branches across India 0% processing fees Pre-payment option-without any penalty
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GOLD LOAN SCHEMES Rs. 2,155/Scheme Name True Value Personal Loan (TPL) Super Value Personal Loan (SPL) Real Value Personal Loan (RPL) Express Personal Loan (XPL) Value (per gram) Interest (% p.a.) Rs. 1,035/Rs. 2,260/Rs 1,960/Rs. 2,090/12% 24% 18% 21%
2. GOLD COINS
Now invest your wealth in the ever rising power of Gold with the Muthoot Precious Metals Corporation. 24 carat Pure Gold Coins: Muthoot Precious Metals Corporation presents Gold Coins with 999% purity (24 Carat). Invest in safe, secure and profitable Gold Coins. The Gold Coins hold many advantages: 999% pure Finance schemes with easy monthly installments Appreciating asset Higher return on investment with no risks Available in denominations such as 2g, 4g, 8g, 20g and 50g to suit every pocket. The ideal gift for your near and dear ones
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Silver Coins 999% pure Silver Coins One of India's few financial players that deals in Silver Coins Available in 50 gm and 100 gm Available at over3, 000 Muthoot Finance brances across India
3. MONEY TRANSFER
One of the finest Money Transfer services in India, with over 700,000 transfers annually, Muthoot Money Transfer is the largest payout centre in India. Muthoot Money Transfer allows real time money transfers from across the seas, with the money reaching the receiver in less than 10 minutes. The money can be transferred from First Remit/Coinstar, Xpress Money, Ez Remit, Money Gram, Royar Money, Global Money Transfer, Western Union, Transfast, Instant Cash and even Muthoot Finances own branches abroad. The service boasts low costs, high exchange rates and NO additional service charge to the receiver. The key highlights of this service are: Fastest Money Transfer facility No bank account needed for amounts up to Rs. 50,000 The receiver does not have to pay any service charge Certified by the RBI Access it in any of the 3000 branches across the country
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4. FOREIGN EXCHANGE
Muthoot Foreign Exchange offers you currency exchange facilities as well as allows you to buy and sell foreign currency and Travellers cheques with Muthoot Foreign Exchange service. With the wide network of almost 3000 branches, we ensure ease of transaction. Muthoot Foreign Exchange helps you get competitive rates for all currencies and notes in 35 major currencies as well as 100 miscellaneous ones! A few features of our Foreign Exchange service: Buying and selling of all major Travellers cheques and Travel Cards Commission free encashment of Travellers cheques Competitive rates for all currencies Remittance of funds abroad for various purposes
5. MPOWER CARD
Your life is made infinitely easier with the Muthoot MPower Card, which is a unique identity card with numerous benefits: Access it anywhere in India Earn Loyalty Points on every transaction at ANY Muthoot branch Redeem these Loyalty Points for attractive gifts Get Rs. 20 per gram extra on Gold Loan Keep all your jewelry in our lockers free of cost (No locker charges!) Rs. 50,000 Personal Accident Insurance coverage Deposit and withdraw money from any branch on Real Time Special overdraft scheme for MPower Cardholders.
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6. TRAVEL SMART
Within just a few months of its launch Muthoot Travel smart has already become one of the leading IATA (International Air Transport Association) accredited agencies and has got certified by IRCTC. Muthoot Travel smart offers all the services of a travel agency and more, such as travel insurance and foreign exchange Muthoot Travel smart carries forward the groups core values of helping India make the right decision with their money by helping you during your travels, both familial and official. In addition to the 3000 branches of Muthoot Finance in India, the services of Muthoot Travel smart can be accessed in 6 offices overseas as well. The services offered under Travel smart include: International & Domestic Ticketing Railway Ticketing Tours Passport, Emigration & Visa Travel Insurance
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The new scheme Gold ETF Loan Scheme which will be made available to the customers by July-end 2011 will help customers get loan against their Gold ETF units to the extent of 85% of the net asset value (NAV) of ETFs, said a press release issued by Muthoot Finance. Gold ETFs are mutual fund units issued by Asset Management Companies against 995 purity physical gold. They are listed and traded on stock exchanges and can be bought and sold like stocks on a real-time basis. Gold ETFs were valued at Rs 50 billion as of June 2011. Loan against Gold ETF is a scheme through which Muthoot Finance plans to venture into totally new segment of gold financing which would not only add value but also enable the company to service the financial requirements of newer customer segments, said George Alexander Muthoot, managing director of Muthoot Finance during the launch.
2. MUTHOOT
FINANCE
LAUNCHES
THE
WESTERN
with the intention of providing a premium money transfer service to customers across the country. Muthoot Finance Ltd., through its extensive network of branches, aims to capitalize the huge potential of the money transfer business in India. With its expansive global network, Western Union is uniquely positioned to deliver fast, reliable and convenient money transfer services to consumers across remote geographical locations globally. Through our agreement with Western Union we have facilitated a number of classes of trade including retail and banks to offer Western Union Money TransferSM services to the remotest corners of India. The
collaboration with Muthoot Finance is one more step in this direction which would positively impact people across the 2,800 branches offering the service,
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1. Customize by customer segment, 2. Develop product, service, and channel to meet the customer needs.
1. Acquire customers needs 2. Differentiate based on different needs, behavior and characteristics
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The spectacular growth of the Muthoot finance ltd is the result of trust and confidence that millions of our satisfied Customers have reposed in us and the legacy of 124 years based on values & ethics. Over the years, we have helped people fulfilling their dreams & ambitions by providing meaningful, honest and unparalleled services & Products. Remember, excelling and managing Customer relationship is the future of any Business. The Customer focusing is not to be viewed as just a Business strategy but should become a Corporate Mission. In order to create a branded service, it is important to become Customer-centric. Titan Industries, the Largest Jewellery Chain in Tamil Nadu has joined hands with Indias Largest Gold Loan Company MuthootFinance Limited to enable customers to realize their dream of owning gold jewellery by paying 15% of actual price on buying and remaining price in monthly installments. This tie-up aims to enable thousands of customers in the rural India, own and invest in gold jewellery of their choice from Goldplus, without selling their old jewellery or other assets.
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CONCLUSION
Muthoot Finance is a company that provides support to the banking and financial sector in the various arenas of life, gold is a major part of all offers. Website: www.muthootfinance.com information in each category Muthoot Finance Corporate glad enough remit to cover all loans of gold, precious metals, money, money, securities, Travel Smart, financing of vehicles and Muthoot and currency in the world. Therefore, all areas of life greatly help improve the confidence of the Muthoot Finance. Muthoot Finance website has been developed to obtain from each country, so interested can rely on the advice of the business and seeking a better life. Do not dream to the conclusion come Muthoot Finance Company. All documents and processes undertaken to grant a simple correspondence minutes, and then, bearing in mind the flexibility of case studies. Muthoot Finance in Poland is aware that it is the fastest growing company largest loan, which offers a variety of gold trade, personal loans, housing, education, investments, etc., low interest rates on the site, only 1% of the Muthoot Finance Web site to keep people from all over India in place of promise and improvement. But still the main lending. The company employs around 17,000 branches in the country and about 45,000 new customers. Therefore, instead of this account are a revelation for those who are salivating has the gold, and various activities in recent years. E was acquired by exposure to the benefits that other concepts by Muthoot Finance Trust can be created. Mobile indicates that the page will look attractive to those who want to reach a new direction in life and to stop taking Muthoot Finance and all the dreams that you want to.
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RECOMMENDATION
CRISIL and ICRA have both assigned Grade 4 to the IPO which means that the IPO has above average fundamentals. Gold is having a dream run in commodities market and the issue seems priced fairly. The company has good growth potential in the medium term. We believe MFL is a pure gold play in the burgeoning Indian consumer Gold Loan market with is growth 15-18% CAGR. We are positive on the business outlook on the loan against gold. With the above rationale like Strong brand, track record and management expertise, we advice investors to park there investment with a medium-to-long term horizon. With less competition in the business segment MFL is well set in its segment because of it brand loyalty they have retained in the south Indian states. Now main focus is to penetrate the North Indian markets by adopting new strategies and also increasing sales from other investment alternative. Comparable peers like Manappuram and other NBFC are trading at price to earnings multiples of 1823x and MFL is available at 18x.
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