Thread by @stockifi_Invest

A Mega-Thread on one of the oldest Indian multinational conglomerates with a family legacy of more than 800 years: The Muthoot Group

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@TheMuthootGroup

1) Muthoot Group operates in 29 states in India and has a presence in Nepal, Sri Lanka, the US, UK, and UAE.

2) The group manages assets of over $4.5 billion. It is owned and managed by the Muthoot family.

3) The company was set up by Muthoot Ninan Mathai in 1887 at Kozhencherry, a small town in Kerala.

4) It was then later taken over by his son M George Muthoot, who incorporated the finance division of the group, which was until then primarily involved in the wholesale of grains.

5) The company is now managed by the third and fourth generations of its family members.

6) In 1939, M. George Muthoot created a partnership firm under the name of Muthoot M. George & Brothers (MMG).

7) MMG was a chit fund based out of Kozhencherry. In 1971, the firm was renamed Muthoot Bankers and started to finance loans using gold jewellery as collateral.

8) In 2001, the company was renamed Muthoot Finance. (non-banking financial company)

9) The Group has 20 diversified business divisions, including - Financial Services, Wealth Management, Money Transfer, Forex, Vehicle & Asset Finance, Media, IT, Healthcare, Infrastructure, Education, Power, Hospitality, Plantation, Metals, Travels, Housing Finance, etc

10)The company has more than 4,500 branches spread across 29 states and union territories of India.

11)Muthoot Finance is the largest Gold Loan NBFC and has the largest network of branches for a gold loan NBFC in India.

12)Muthoot Finance is also the highest-credit-rated gold loan company in India, with a credit rating of AA (CRISIL) and AA (ICRA) for its long-term debts and P1+ (CRISIL) & A1+ (ICRA) for its Short Term Debt Instruments.

13)Muthoot Finance has played an instrumental role in professionalizing gold collateralized loans in India, a concept that emphasizes mobilizing household gold jewelry as a channel of credit to borrowers.

14) Total gold holdings among individuals are estimated to be 20K tonnes.

15)In 2010, Muthoot Finance sold 4% of its shares in a private equity round to Barings Bank and Matrix Partners, raising ₹157 crores.

16)Later in 2011, Muthoot Finance listed its shares on the NSE and the BSE.

17)In terms of market capitalization, Muthoot Finance is the second largest company from Kerala, the first being Federal Bank.

18)Incorporated in 2013, Muthoot Homefin (India) Limited is a Housing Finance company (HFC) registered with the National Housing Bank.

19) In an effort to promote the Indian government's initiative of Housing for All, Muthoot Homefin operates primarily in the affordable housing segment, wherein the loans are below ₹30 lakh.

20)Incorporated in 1992, Muthoot Vehicle & Asset Finance is a public company engaged in providing vehicle loans. The company operates primarily in South India. The Reserve Bank of India classifies it as a Deposit-taking Asset Finance Company.

21) Muthoot Precious Metals Corporation (MPMC) was established in May 2006, the company sells coins & bars of 999 Pure 24 Carat gold and silver throughout India.

22) Muthoot Securities operates over 65 business centers in Kerala, Tamil Nadu, Andhra Pradesh, and Karnataka.

23) MPMC imports gold bullion from Switzerland and converts them into gold coins of smaller denominations so as to suit the investment requirements of people from different income groups.

24)Muthoot Hospitals became operational in 1988 and currently operates under the brand name of Muthoot Healthcare. The group operates a chain of multi-specialty hospitals and a network of specialty clinics and diagnostic centers.

25)The group manages four luxury hotels operating under the brand name of Xandari, in Thekkady, Marari Beach, Fort Kochi, and Alajuela, Costa Rica.

26)The group provides tours and travel services through the brand Travel Jango (earlier known as Travel Smart).

27)Muthoot Finance collaborated with fintech NIRA as part of a strategy to strengthen its digital footprint.

28) Through this partnership, salaried customers can avail of personal loans of up to Rs. 1 lakh from Muthoot by downloading the NIRA app.

29)In the NBFC sector, Muthoot Group becomes first to launch an Artificial Intelligence (AI) powered virtual assistant, ‘MATTU and MITTU’

30) Muthoot Finance has got the RBI License to start operating 9,000 White Label ATMs.

31) Muthoot Group operates Chennai Live 104.8 Fm that focuses on the growing demand for urban English music.

32) Established in 2006, Chennai Live is the first talk radio station in India and is the leading English radio channel in Chennai.

33) Established in 1939, The Muthoot Group operates the Agriculture division on a large scale.

34) The plantations grow cardamom, tea, coconut, and rubber. The division also undertakes a number of eco-friendly initiatives.

35) Muthoot Global is a part of the Group with a presence in UAE, the US, and the UK dealing in Gold Loans, Money Transfer, Travel & Tourism.

36) The group plans to diversify its foreign operations to Singapore, Germany, and other GCC countries in the future.

37) The Muthoot Group has been the main sponsor of the team Delhi Daredevils in IPL 2011–2013.

38) The Periyar Foundation set up by Muthoot Hotels is based in the town of Thekkady, near the Periyar National Park.

39) They have undertaken several projects for the conservation of the national park including a research study for the conservation of 'Nocturnal Flying Squirrels'.

40)Muthoot Vishwaas Ki Tijori got Gold at Golden Mikes Award 2019, and Flame Awards Asia 2019.

41) For every 100 Crore Investment that Muthoot Group has, they have 140 crores worth of Gold as collateral kept safe in their 4500+ locker rooms.

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