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Muthoot Finance
BSE: 533398|NSE: MUTHOOTFIN|ISIN: INE414G01012|SECTOR: Finance - Investments
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Company History - Muthoot Finance
Our Company was originally incorporated as a private limited company
 on March 14, 1997 with the name “The Muthoot Finance Private Limited”
 under the Companies Act. Subsequently, by fresh certificate of
 incorporation dated May 16, 2007, our name was changed to “Muthoot
 Finance Private Limited”. The Company was converted into a public
 limited company on November 18, 2008 with the name “Muthoot Finance
 Limited” and received a fresh certificate of incorporation consequent
 upon change in status on December 02, 2008 from the RoC.
 
 Merger with Muthoot Enterprises Private Limited
 Our Company, along with Muthoot Enterprises Private Limited, filed a
 composite scheme of arrangement bearing C.P. Nos. 48 and 50 of 2004
 under the Companies Act before the High Court of Kerala (“Scheme of
 Amalgamation”). The Scheme of Amalgamation was approved by the board
 of directors of our Company through the board resolution dated April
 28, 2004.
 
 Pursuant to the approval of the Scheme of Amalgamation by the High
 Court of Kerala by an order dated January 31, 2005, Muthoot
 Enterprises Private Limited was merged with our Company, with effect
 from March 22, 2005 and the High Court of Kerala had instructed all
 the parties to comply with the statutory and other legal requirements
 to make the Scheme of Amalgamation effective.
 
 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
 
 2001
 RBI license obtained to function as an NBFC.
 
 2004
 Obtained highest rating of F1 from Fitch Ratings for short term debt
 of Rs. 200 million.
 
 2005
 Retail loan and debenture portfolio of the Company exceeds Rs. 500
 million.
 
 Merger of Muthoot Enterprises Private Limited with the Company
 
 2006
 F1 rating obtained from Fitch Ratings affirmed with an enhanced short
 term debt of Rs. 400 million.
 
 2007
 Retail loan portfolio of the Company crosses Rs. 10 billion.
 
 RBI accords status of Systemically Important ND-NBFC.
 
 Branch network of the Company crosses 500 branches.
 
 Net owned funds of the Company crosses Rs. 1 billion.
 
 2008
 Net owned funds of the Company crosses Rs. 2 billion.
 
 Retail loan and debenture portfolio crosses Rs. 20 billion and Rs. 10
 billion respectively.
 
 F1 rating obtained from Fitch Ratings affirmed with an enhanced short
 term debt of Rs. 800 million.
 
 Overall credit limits from lending banks crosses Rs. 5 billion.
 
 Conversion of the Company into a public limited company.
 
 Fresh RBI license obtained to function as an NBFC without accepting
 public deposits, consequent to change
 in name..
 
 2009
 Retail loan and debenture portfolio crosses Rs. 30 billion and Rs. 15
 billion respectively.
 
 Net owned funds of the Company crosses Rs. 3 billion.
 
 Gross annual income crosses Rs. 5 billion.
 
 Overall credit limits from lending banks crosses Rs. 10 billion.
 
 2010
 Retail loan and debenture portfolio crosses Rs. 50 billion and Rs. 20
 billion respectively.
 
 Net owned funds of the Company crosses Rs. 4 billion.
 
 Overall credit limits from lending banks crosses Rs. 20 billion.
 
 ICRA assigns ‘A1+’ rating for short term debt of Rs. 2 billion.
 
 CRISIL assigns ‘P1+’ rating for short term debt of Rs. 4 billion.
 
 Branch network of the Company crosses 1,000 branches.
 
 Demerger of the FM radio business into Muthoot Broadcasting Private
 Limited.
 
 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.
 
 Private equity investment of an aggregate of Rs. 425.83 million from
 Kotak India Private Equity Fund and
 Kotak Investment Advisors Limited.
 
 2011
 
 - Muthoot Fin - Muthoot Finance launches the Western Union Money
 Transfer Service.
 
 - Shri M.G. George Muthoot being awarded as Businessman of the
 Decade” by Shri Vayalar Ravi, Union Cabinet Minister for Overseas
 Indian Affairs and Minister of Civil Aviation at a glittering
 ceremony of the World Malayalee Council held on 10th Sept. 2011 at
 Kochi. 
 
 - Asian Businessman of the Year 2011 award conferred upon Shri. M.G.
 George Muthoot by the UK-Kerala Business Forum at British Parliament
 London.
 
 2012
 
 - Mr. M G George Muthoot, Chairman, Muthoot Group has been conferred
 with 'Business Leadership’ for the year 2012' at Golden Peacock
 Awards, Bangalore in the presence of Hon’ble Union Minister for
 Corporate Affairs, Dr M. Veerappa Moily on 20. 01. 2012.
 
 - Business Excellence Award –2012 The Trivandrum Chamber of Commerce
 and Industry conferred our Jt Managing Director, Shri George Jacob
 Muthoot with The Business Excellence Award –2012. The award was
 presented by Shri Kunhalikutty, Minister for Industries Information
 Technology and Urban Affairs, Kerala amid a gathering of eminent
 dignitaries. 
 
 - Dr. Mrs. Sara George, Principal, St.George's School receiving the
 coveted Award for Best Principal of the State for the year 2012.
 
 - 6th Green Schools Programme awards ceremony held on 28th March
 2012.
Source : Dion Global Solutions Limited
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