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Muthoot Finance Ltd

NSE: MUTHOOTFIN BSE: 533398

3624.20

(2.52)%

Tue, 03 Feb 2026, 11:22 am

muthoot finance ltd History

1997

  • Incorporated as private limited company The Muthoot Finance Private Limited on March 14.

2001

  • Obtains RBI license to function as NBFC.

2004

  • Obtains F1 rating from Fitch for Rs. 200 million short-term debt.
  • Board approves Scheme of Amalgamation with Muthoot Enterprises Private Limited.

2005

  • Retail loan and debenture portfolio exceeds Rs. 500 million.
  • Merger with Muthoot Enterprises Private Limited effective March 22.

2006

  • Fitch affirms F1 rating for Rs. 400 million short-term debt.

2007

  • Retail loan portfolio exceeds Rs. 10 billion.
  • RBI accords Systemically Important ND-NBFC status.
  • Branch network exceeds 500 branches.
  • Net owned funds exceed Rs. 1 billion.
  • Name changed to Muthoot Finance Private Limited.

2008

  • Net owned funds exceed Rs. 2 billion.
  • Retail loan portfolio exceeds Rs. 20 billion; debenture portfolio exceeds Rs. 10 billion.
  • Fitch affirms F1 rating for Rs. 800 million short-term debt.
  • Bank credit limits exceed Rs. 5 billion.
  • Converted to public limited company as Muthoot Finance Limited.
  • Obtains fresh RBI license as NBFC without public deposits.

2009

  • Retail loan portfolio exceeds Rs. 30 billion; debenture portfolio exceeds Rs. 15 billion.
  • Net owned funds exceed Rs. 3 billion.
  • Gross annual income exceeds Rs. 5 billion.
  • Bank credit limits exceed Rs. 10 billion.

2010

  • Retail loan portfolio exceeds Rs. 50 billion; debenture portfolio exceeds Rs. 20 billion.
  • Net owned funds exceed Rs. 4 billion.
  • Bank credit limits exceed Rs. 20 billion.
  • ICRA assigns A1+ rating for Rs. 2 billion short-term debt.
  • CRISIL assigns P1+ rating for Rs. 4 billion short-term debt.
  • Branch network exceeds 1,000 branches.
  • Demerger of FM radio business into Muthoot Broadcasting Private Limited.
  • Receives Rs. 1,575.45 million private equity from Matrix Partners India Investments and Baring India Private Equity Fund III.
  • Receives Rs. 425.83 million private equity from Kotak India Private Equity Fund and Kotak Investment Advisors.

2011

  • Launches Western Union Money Transfer Service.
  • M.G. George Muthoot awarded Businessman of the Decade by World Malayalee Council.
  • M.G. George Muthoot awarded Asian Businessman of the Year by UK-Kerala Business Forum.

2012

  • M.G. George Muthoot receives Business Leadership award at Golden Peacock Awards.
  • George Jacob Muthoot receives Business Excellence Award from Trivandrum Chamber of Commerce.
  • Sara George awarded Best Principal of the State.
  • Hosts 6th Green Schools Programme awards ceremony.

2013

  • Launches Employee Stock Options Plan (ESOP).
  • Obtains RBI license for 9,000 White Label ATMs.
  • Branch network exceeds 4,400 branches.

2014

  • Presented Emerging Business Leader of the Year at AIMA Managing India Awards.
  • Acquires 30% stake in Asia Asset Finance, Sri Lanka.
  • Completes Institutional Placement Program.
  • Launches Onam scheme for Kerala customers.

2015

  • Partners with Yes Bank.
  • Launches website for Muthoot ATMs.
  • Launches Missed Call Service for Gold Loan status.

2016

  • Completes acquisition of Muthoot Insurance Brokers Pvt Limited.

2017

  • Launches loan scheme for SME working capital requirements.

2018

  • Completes acquisition of Muthoot Money Private Limited.

2019

  • Proposes acquisition of IDBI Asset Management Limited and IDBI MF Trustee Company Limited.

2020

  • Honored with CSR Awards for Return to Consumer and Community Development.
  • Wins Most Trusted Financial Services brand title for fifth year per TRA Brand Trust Report.

2021

  • Profiled in India’s Leading BFSI and FinTech Companies by Dun & Bradstreet.
  • Wins CII DX Award for Best Practice in Digital Transformation.

2022

  • Bags Best CSR Organisation - Based on Impact award at Made in Kerala Awards.
  • Wins Skoch Financial Inclusion Award.

2023

  • Bags 15th NBFC Fintech Award as Most Influential NBFC of the Year.
  • Awarded Best NBFC at 2nd Edition of Made in Kerala Awards by FICCI Kerala.

2024

  • Acquires equity shares in Belstar Microfinance Limited.
  • Wins Best Sports Sponsorship Award at Indian CSR Awards.
  • Honored with Changemaker Award.
  • Retains India's #1 Most Trusted Financial Services Brand for 8th consecutive year per TRA Brand Trust Report.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800