Muthoot Microfin

Muthoot Microfin Limited,[1] the microfinance arm of Muthoot Pappachan Group, is an Indian microfinance institution focused on providing microloans to women entrepreneurs with a focus on rural regions of India.[2][3][4][5]

Muthoot Microfin Ltd
TypeNBFC-MFI
IndustryMicrofinance
HeadquartersMumbai, India
ParentMuthoot Pappachan Group
Websitehttps://muthootmicrofin.com/

History

Muthoot Pappachan Group acquired the non-bank financial institution Panchratna Securities Limited and the name was changed to Muthoot Microfin Limited pursuant to a resolution passed by the shareholders of company at the Extraordinary General Meeting (EGM)[6][7] held on October 29, 2012.[8][9][10] A fresh certificate of incorporation, consequent upon change of name was granted to the company by the Registrar of Companies (RoC) on November 06, 2012. Subsequently, Muthoot Microfin Limited was granted non-bank financial institution microfinance institution status by the Reserve Bank of India on March 25, 2015.[8][11][12]

Mahila mitra app

In 2021, Muthoot Microfin Ltd launched Mahila Mitra app to help rural women beneficiaries with ease of repayment.[13]

References
  1. "Home - Muthoot Microfin". Retrieved 2022-04-19.
  2. "Muthoot Microfin gets $50 million equity funding from GPC". The Hindu. Special Correspondent. 2021-12-06. ISSN 0971-751X. Retrieved 2022-04-19.{{cite news}}: CS1 maint: others (link)
  3. Bhatla, Prabhjeet. "Muthoot Microfin Raises INR 75 Cr Via Market-Linked Debentures". Entrepreneur. Retrieved 2022-04-19.
  4. "Muthoot Microfin raises Rs75 crore via market-linked debentures". livemint. 2021-07-15. Retrieved 2022-04-19.
  5. "Muthoot Microfin secures USD 10 mn from Greater Pacific Capital - Times of India". The Times of India. October 3, 2022. Retrieved 2022-10-17.
  6. "Rating Rationale". www.crisil.com. Retrieved 2023-04-05.
  7. "SEBI" (PDF).
  8. "Muthoot Microfin Limited" (PDF). Securities and Exchange Board of India. Retrieved 14 April 2022.
  9. "Muthoot Microfin enters digital healthcare; To offer E-clinic services in rural India to its customers". Financialexpress. Retrieved 2022-07-08.
  10. "Muthoot Microfin to offer healthcare in rural India via e-clinics". mint. 2022-03-09. Retrieved 2022-07-08.
  11. Rebello, Joel. "Muthoot Microfin looking at listing in March". The Economic Times. Retrieved 2022-04-19.
  12. Ray, Atmadip. "UK's Greater Pacific to invest $10 m in Muthoot Microfin". The Economic Times. Retrieved 2022-10-18.
  13. Shantanu, Shashank (2021-08-25). "How this microfinance firm is empowering women entrepreneurs in rural India with an app". www.indiatvnews.com. Retrieved 2022-04-14.
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