Muthoot Pappachan Group

Muthoot Pappachan Group
Public
Industry Financial services, Hospitality, Infrastructure, Automotive, Alternative Energy
Founded 1887
Headquarters Kochi, Kerala, India
Area served
 India
Key people
 Ninan Mathai Muthoot
(Patron Founder)
Muthoot Pappachan
(Founder)
Website www.muthoot.com

Muthoot Pappachan Group (MPG), founded in 1887, is an Indian business house headquartered in Kochi, Kerala, India. It encompasses several businesses, including financial services, automotive dealerships, hospitality, real estate, entertainment, health services and alternate energy.

Financial Services

Muthoot Fincorp Ltd. is one of the largest non-banking financial companies (NBFC) in India, registered with the Reserve Bank of India (RBI). Muthoot Fincorp is a provider of mass finance in the form of gold loans. The company has a diverse mix of retail offerings including loan products, money transfer, foreign Exchange, insurance services and wealth management services. The net worth of Muthoot Fincorp as on 31 March 2014 was Rs. 1249.85 crores and the capital adequacy ratio of the company was 21.01%.[1]

Muthoot Capital Services

An NBFC listed on the Bombay Stock Exchange, MCSL offers loans for the purchase of vehicles.. The company is licensed by RBI to accept deposits and offers deposit products. MCSL is active in retail financing and works with borrowers in rural and semi-urban areas. The company offers two wheeler and three wheeler loans and services more than 1,300 dealerships in seven states, with Hero and Honda contributing 80% of the total business.[2]

Muthoot Housing Finance Company

Three years back the group entered the affordable housing finance arena through a subsidiary – Muthoot Housing Finance Company Ltd (MHFL). MHFL caters mainly to the housing finance requirements of customers in the middle and lower income category.[3]

Muthoot Mahila Mitra

the group launched Muthoot MahilaMitra (MMM), a micro-finance offering that focuses on empowering women through financial literacy training. Muthoot MahilaMitra follows the Joint Liability Group (JLG) model of micro-finance. Clients are organised in groups of five to ten women from economically weaker sections of society, living in rural and semi-urban areas or urban slums. Target clients are economically active women with regular cash flow through lawful, sustainable and stable economic activity. Under this program, each individual in a JLG is offered a loan between Rs. 10,000 to Rs. 15,000 depending on her repayment capacity, for a tenure of 52 weeks. MMM also fosters entrepreneurship skills among women and gives them basic financial literacy.[4]

Muthoot Exim

Muthoot Exim precious metals division is a unit of the Muthoot Pappachan Group that specializes in developing and marketing of precious metal products and services.

Muthoot Risk Insurance and Broking Services Pvt. Ltd

This division of the Group is associated with an array of insurance solutions ranging from life insurance to medical, ULIPs, etc. All operations are now run under the name of Muthoot Risk Insurance Brokers Pvt. Ltd[6]

Information Technology

The group has made a foray into IT with Muthoot Pappachan Technologies (P) Ltd. Launched at Technopark in Trivandrum, the objective of the company was to provide IT support to the group's companies. The company wants to serve external customers as well.[7]

Automotive

The Automotive division began with the two-wheeler dealership for Yamaha and Honda, the group now has dealerships of JLR (Jaguar, Land Rover and Range Rover), Ford Motors, Honda Cars and Vespa Scooters. Muthoot Pappachan Group’s automotive dealerships are spread across Calicut, Ernakulam, Kollam and Trivandrum districts.[8]

Hospitality

Muthoot Plaza, a hotel in Trivandrum (Thiruvananthapuram) reopened on 27 December 2013 after renovation as a Hilton Garden Inn. The Vivanta by Taj (previously known as Taj Green Cove) at Kovalam, is one of the Taj Hotels. The Muthoot Skychef serves airlines such as Air India, Indian Airlines and Qatar Airways, and charters and VVIP flights.[9][10][11]

Real Estate

MPG Hotels and Infrastructure ventures Private Limited has forayed into the new age real estate business. Apart from developing hotels and resorts for the hospitality division, the real estate vertical is engaged in development of infrastructure, commercial space and residential apartments too. Muthoot Technopolis, one of the first projects of Muthoot Real estate, is located in Kochi Special Economic Zone. Spread across 3,55,000 square feet, the park has a distinction of being India’s first Private IT Park in a Special Economic Zone. It is a preferred work space for many leading IT companies.[12]

The real estate division has properties and projects in major cities in Kerala and Tamil Nadu. Two major housing projects at premium locations in Trivandrum city are ready to be occupied. The division has land banks in prime locations in various parts of the country.[13] The division also has properties and projects in major cities in Kerala and Tamil Nadu. Two major housing projects at premium locations in Trivandrum city are ready to be occupied. The division has land banks in prime locations in various parts of the country.

Other activities

The group has been setting up wind farms in Tamil Nadu, India since 1993. The total installed capacity in wind power is 25 megawatts, with an investment of INR 1250 Mio.

The group owns the 943 seater DTS Sound "Kripa Cinema" in Trivandrum.

The group owns Muthoot LifeBrigade specialty Hospital and Orthopedic Centre in Kottayam, Kerala.[14] The hospital specializes in orthopedic treatment, has a and has a dedicated diabetes centre.

Kerala Blasters FC

The group acquired the title sponsorship of Kerala Blasters FC on 29 September 2014.The club is owned by Sachin Tendulkar. This is the first edition of the Indian Super League and commences on 12 October 2014. MPG has signed this sponsorship for 1 year which can be extended up to 5 years.[15]

Muthoot Pappachan Foundation

Muthoot Pappachan Foundation was established in 2003 with the objective of serving the needy through variety of CSR activities. The activities of the foundation as based on the HEEL (Health, Education, Environment, Livelihood) framework.

References

  1. ↑ "Muthoot Fincorp". Muthoot Pappachan Group. 6 December 2014.
  2. ↑ "Overview". Muthoot Pappachan Group. Retrieved 6 December 2014.
  3. ↑ "Muthoot enters housing finance publisher= Business Standard". 11 January 2013.
  4. ↑ "Muthoot Mahila Mitra: Financing Friends In Need". Retrieved 24 September 2012.
  5. ↑ "Muthoot Exim Pvt Ltd forays into gold recycling business segment publisher= EcoNomic Times". Retrieved 3 November 2013.
  6. ↑ "MUTHOOT RISK INSURANCE AND BROKING SERVICES PRIVATE LIMITED". CorporateDir. Retrieved 23 January 2015.
  7. ↑ "Muthoot Pappachan Technologies Ltd". Retrieved 21 January 2015.
  8. ↑ "The Best in Wheels: Muthoot Automotive Muthoot JLR". Retrieved 24 September 2012.
  9. ↑ "MPG's Blue Carpet: MPG Hospitality". Retrieved 24 September 2012.
  10. ↑ "Muthoot Pappachan group plans two hotels in Chennai". The Hindu Business Line. 23 December 2009.
  11. ↑ "Trivandrum gears up for Hilton's first". Voyager World. 19 December 2013.
  12. ↑ "Muthoot Group plans second IT park in Kochi". Business Standard. 16 November 2006.
  13. ↑ "Real Estate Built for comfort : MPG Real Estate". Retrieved 8 October 2012.
  14. ↑ "Muthoot Life Brigade". Retrieved 20 January 2015.
  15. ↑ "Muthoot Pappachan Group bags title sponsorship of Kerala Blasters FC". 29 September 2014. Retrieved 30 September 2014.
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