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 Muthoot Finance Limited: Empowering Dreams with Gold Loans and Financial Service

Muthoot Finance Limited: Empowering Dreams with Gold Loans and Financial Service

Incorporated in 1997, Muthoot Finance Limited has not just evolved as a leading non-banking financial company (NBFC) but has a remarkable legacy that spans over 800 years of family business. With a rich history deeply rooted in Kerala, Muthoot Finance has grown into a diversified financial powerhouse, offering a wide range of services to cater to the diverse needs of its customers.

Muthoot Finance NCD Tranche II September 2023 Detail:

Issue Open September 21, 2023 – October 6, 2023
Security Name Muthoot Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 2,600.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating [ICRA] AA+/Stable by ICRA Limited
Tenor 24, 36, and 60 Months
Series Series I to VII
Payment Frequency Monthly and Annually
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Idbi Trusteeship Services Ltd.

A Legacy of Trust and Tradition

Muthoot Finance Limited’s journey began in 1997, but its roots trace back to a family business that has been serving the community for centuries. This legacy of trust and tradition has been a driving force behind the company’s success. Over the years, it has earned the trust of millions across India.

A Multifaceted Financial Services Provider

Muthoot Finance’s offerings go beyond just gold loans. Here’s a glimpse of the services it provides:

  1. Gold Loans: The company’s core offering is gold loans, providing a lifeline to countless individuals and businesses by offering quick and hassle-free access to funds backed by their gold assets.
  2. Housing Finance (Home Loans): Muthoot Finance helps people turn their dream of owning a home into reality through its housing finance solutions.
  3. Personal Loans: Whether it’s for education, medical expenses, or any personal need, Muthoot Finance offers personal loans to meet various financial requirements.
  4. Insurance: The company also provides insurance products, ensuring that customers have a safety net in times of unexpected events.
  5. Gold Coins: Muthoot Finance allows customers to invest in gold through its gold coin offerings, combining tradition with modern financial planning.
  6. Money Transfer Services: With a vast network of branches, Muthoot Finance makes it easy for customers to transfer money securely and conveniently.
  7. Foreign Exchange: Travelling abroad? Muthoot Finance offers foreign exchange services to help you with your currency needs.
  8. Mutual Funds: Diversify your investment portfolio with mutual funds offered by Muthoot Finance.
  9. Micro Finance: The company supports small entrepreneurs and individuals with microfinance solutions, empowering them to build a better future.
  10. Vehicle Loans: Whether it’s a two-wheeler or a four-wheeler, Muthoot Finance assists customers in fulfilling their dreams of owning a vehicle.

Muthoot Finance Limited NCD Coupon Rates:

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
Frequency of Interest Payment Monthly Monthly Annual Annual Annual NA NA
Nature Secured Secured Secured Secured Secured Secured Secured
Tenor 36 Months 60 Months 24 Months 36 Months 60 Months 36 Months 60 Months
Coupon (% per Annum) 7.75% 7.75% 7.75% 8.00% 8.00% NA NA
Effective Yield (% per Annum) 8.75% 8.75% 8.75% 9.00% 9.00% 9.00% 9.00%
Amount on Maturity (In Rs.) Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,259.71 Rs 1,538.62


Nationwide Presence and Employee Dedication

Muthoot Finance has established a strong presence across India with over 4,742 branches spread across 22 states, the national capital territory of Delhi, and six union territories. These branches are run by a dedicated team of 27,701 employees who are committed to delivering the highest level of customer service.

Empowering Diverse Clientele

The company’s clientele is a diverse mix, including small businessmen, vendors, traders, farmers, and salaried individuals. By offering a wide array of financial services, Muthoot Finance caters to the unique needs of each segment of its customer base.

Strong Financial Foundation

As of June 30, 2023, Muthoot Finance boasted an impressive gold loan portfolio of approximately 8.34 million loan accounts. This showcases the trust that customers have in the company’s services. Additionally, the company had borrowings of ₹296,243.02 million from banks and financial institutions as of March 31, 2023, demonstrating its strong financial foundation.

High Credit Rating

Muthoot Finance’s NCDs (Non-Convertible Debentures) have been awarded a prestigious [ICRA] AA+/Stable rating by ICRA Limited, reflecting the company’s sound financial health and its ability to meet financial obligations.

The Visionaries Behind the Success

The driving force behind Muthoot Finance’s journey are its promoters: Mr. George Thomas Muthoot, Mr. George Jacob Muthoot, and Mr. George Alexander Muthoot. Their vision and leadership have propelled the company to its current heights.

Purpose of the Issue

The company is gearing up for its Tranche II Issue, and the net proceeds raised from this offering will be allocated primarily for lending activities, ensuring that Muthoot Finance continues to support the financial aspirations of individuals and businesses across India. A minimum of 75% of the funds raised will be used for lending, while the remaining 25% will be allocated for general corporate purposes.

In conclusion, Muthoot Finance Limited is not just a financial institution; it’s a symbol of trust, tradition, and transformation. With a rich legacy and a diverse range of financial services, it stands as a beacon of hope for millions of Indians, helping them realize their dreams and secure their financial future.

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