Fake Muthoot Finance Lottery promotions across Maharashtra, Kerala, Gujarat & Pakistan

By sending bogus mails, a supposed organisation by the name of ‘Chevron Texaco Oil & Gas Company’ has fraudulently attempted to lure customers/investors, through the platform of Muthoot Finance.The mail claims to have selected its 20 winners through an online lottery drawn from amongst 9 lakhs email ids from across Maharashtra, Kerala, Gujarat and Pakistan. The unsuspected customers are further instructed to submit their details like residential address, bank name, account number, account holder’s name, bank branch and scanned copy of their ID proof to a dubious Email-ID: muthootfinanceaward05@mail.ru.

Commenting on the recurrence of the fraudulent mails, R. M Diwan, General Manager, Muthoot Finance Ltd said “We are extremely concerned about the resurfacing of fraudulent emails that attempt to dupe people and malign the Muthoot Group’s name. Our company is also looking into the matter and taking appropriate legal actions against the fake companies and their agents.”

#Muthoot Group to Sponsor Official Referee and Fair Play Awards for #HeroISL

#Muthoot Group to Sponsor Official Referee and Fair Play Awards for #HeroISL pic.twitter.com/vja8jvxONL
— Press Release Watch (@PrReleaseWatch) October 6, 2014

Alexander George Muthoot, Director, The Muthoot Group said "Our decision to partner with the Hero Indian Super League goes beyond business as 'fair play' reflects the innate values of our brand and the game. This partnership will also allow us to build the referees as brand advocates and ambassadors of fair play.”

Muthoot Group acquires high-end Resort & Spa in Costa Rica in Central America

Aligned to its ethos of conserving uniqueness of different cultures, Muthoot Leisure and Hospitality Services (MLHS), the hospitality division of Muthoot Group today announced the acquisition of Costa Rica’s award winning, high-end property ‘Xandari Resort & Spa’. This is the first acquisition by an Indian hospitality company in Central America.

Based in Alajuela, Costa Rica, Xandari Resort & Spa a luxurious property becomes the first overseas acquisition by MLHS. The resort was added to MLHS group in December 2013. MLHS has also extended its collaboration with Raxa Collective to manage the property hereon. MLHS plans to spend 200 crores in next two years

Mr. George M George, Executive Director, MLHS, said, “The concept of eco-friendly resorts originated in Costa-Rica and this acquisition is an expression of our belief in promoting environment-friendly projects around the world. Moreover, it is aligned to our vision of offering excellent service and hospitality to our guests, complemented by exquisite exposure to the heritage of that region. I am confident that the uniqueness of this property will appeal to global visitors and will go a long way in strengthening our business here. Having said that, India continues to be our focus market and we will announce our domestic expansion plans very soon”.

Xandari Resort & Spa is a tropical paradise of 24 individually designed villas nestled on a 40 acre plantation overlooking the Central Valley of Costa Rica. Each villa is beautifully designed and dressed up in a combination of barrel vaulted ceilings, thatch roofs, colorful walls, tile floors, original artwork by the owners, rattan chairs and traditional textiles. Adding serenity are the expansive lawns, covered by palapas. Guests are offered therapeutic spa service, set in the tropical garden with private palm-roofed gazebos, each with its own Jacuzzi and view. The resort also offers farm-fresh scrumptious cuisines for health-conscious and other guests.

Costa Rica stands as the most visited nation in the Central American region, with 2.2 million foreign visitors in 2011. International tourist receipts rose to US$2.4 billion in 2012, and the lead country of origin was the United States, followed by Nicaragua and Canada. Ecotourism draws many tourists to visit the extensive national parks and protected areas around the country.

The resort has received many recognitions and awards for its exceptional hospitality. To name a few such as, Condé Nast Platinum List (awarded for 5 consecutive years on Gold List), Top 10 Central South American Resorts organised by Travel + Leisure; Trip Advisor Travelers Choice Winner, World Travel Award for Costa Rica’s Leading Spa Resort


About Muthoot Leisure and Hospitality Services
MHLS owns seven properties across India and Latin America. Cardamom County, a conservation focused Resort in Periyar Tiger Reserve,Kerela; River Escapes, with a fleet of houseboats endowed with Imperial guest rooms in Alleppey, Kerela; Pampa Villa, a whispering riverfront villa in Champakkulam, Kerela; Kayal Villa, an exotic  backwater villa at Panangad, Kerela; Spice Harbour, a Boutique hotel in the Mattenchery, Kerela; Pearl Beach, a sparkling villa-resort in Mararikulum, Kerela and the most recently added, Xandari Resort & Spa, a villa-resort in Alajuela, Costa Rica.

MG George Muthoot, Chairman, Muthoot Group honored with 2 prestigious awards

Mr. M.G George Muthoot, Chairman, Muthoot Group, was recently honoured with two prestigious awards - Kerala State Business Excellence Award and Gem & Jewellery Trade Council of India Excellence Award. These awards are in recognition of the stellar role the company has been playing in the field of financial services in the state of Kerala and towards the growth and progress of the jewellery industry.

Says M.G George Muthoot, Chairman, Muthoot Group: “The main guiding principles of our company are trust, ethics, values, reliability, dependability, trustworthiness, integrity and goodwill. We are glad that the organisers have recognized our company principles and contributions towards the industry and honoured us with this award.”

Mr. M.G George Muthoot was conferred with the 'Business Leader of the Year' at the Kerala State Business Excellence Award held at Kochi recently. The award that celebrated the spirit of excellence in business leadership in Kerala was presented by  Mrs. Judy Paul (Mayor of Florida, United States of America), Mr. M.P. Joseph (I.A.S. Adviser to Labor Minister I/R Additional Chief Secretary, Government of Kerala) and Mr. TIM Guillos (CEO of Links Groupe, France). The award was organised by Cochin Herald in association with Humriyah Free Zone Authority, Government of Sharjah.

The Gem and Jewellery Trade Council of India (GJTCI) organized the ‘GJTCI-Excellence Awards for the first time at Ahmedabad, Gujarat. The awards felicitated trade members, who have contributed immensely towards the growth and progress of the jewellery industry through their hard work and dedication. The award was presented by Mayor of Ahmedabad Smt. Minakshiben Patel and GJTCI President Shri Shantibhai Patel.

Mr. M.G George Muthoot has been a visionary and a successful entrepreneur, who changed the nomenclature of his business. Under his stewardship, Muthoot Finance Limited, the flagship company of the Muthoot Group, became the sole connect for people living in rural and semi-urban areas and thereby, playing a big role in financial inclusion. The Muthoot Group under the leadership of Mr. Muthoot has broadened its scale, widened its geographic scope of retail operations, and built a formidable business empire.

About Muthoot Group

Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations. Today, Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 126 years. The formidable business empire comprises of 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle& Asset Finance, Travel Services, Muthoot Global and Muthoot Money. Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.

Muthoot Finance Limited, the flagship company of the Group, has been playing a pivotal role in financial inclusion under the Chairman's stewardship. Muthoot Finance Ltd. is a “Systemically Important Non-deposit taking NBFC” and the largest gold financing company in India in terms of loan portfolio, according to the IMaCS Research & Analytics Industry. The Company provides financial inclusive Loans, primarily to individuals who possess gold jewellery but could not access formal credit. With a branch network of 4400 plus branches and bank ready infrastructure, the company has a dominant presence in 21 States, 4 Union Territories, 1072 cities, 364 districts and 1240 talukas.  The minimum loan amount to a customer starts from INR 1500. Since listing, the company has disbursed INR 2,97,543 crores as loans, out of which INR 98,682 crore is disbursed in rural & semi urban areas. In 2012-13, the company's revenue stood at INR 5387 crores. The profit after tax grew from INR 494 crores (FY 10-11) to INR 1004 crores (FY 12-13). Not only this, their inward remittances business was INR 6171 crores with 100% compliance where 75% of the customers were from GCC countries. With, Muthoot Gold Life, their new insurance product, over 4,00,000 people have been covered in the last four months. In 2012-13, the company's forex business stood at INR 442 crores.

Recently, the company has expanded its hospitality division by acquiring a resort at Costa Rica in Latin America.

Muthoot Finance receives clearance from Foreign Investment Promotion Board (FIPB) to establish White Label ATMs (WLAs) in India

Muthoot Finance Ltd., India’s largest gold financing company and the flagship company of The Muthoot Group, has been given a clearance by the Foreign Investment Promotion Board (FIPB) to establish White Label ATMs (WLAs) in the country. This makes Muthoot Finance as the first-ever gold loan NBFC to set-up 9000 White Label ATMs (WLAs) in the country.
In its meeting held on July 29, 2013, Foreign Investment Promotion Board (FIPB) had recommended Muthoot Finance proposal to set up WLA to GOI and the same was approved on September 3, 2013.  Earlier, in its letter dated June 21, 2013, Reserve Bank of India (RBI) had already issued an ‘In-Principle Authorization’ to Muthoot Finance Ltd for setting up WLAs.
Says Mr. K.R Bijimon, Chief General Manager, Muthoot Finance Limited:  “This is a significant development and we aim to set-up our first ATM in the Southern region by next month.  We have taken a strategic decision to establish 65% of these WLAs in semi-urban and rural areas (mainly tier III to VI cities/towns). We are sure this decision will aid in the sustainable and inclusive growth of the nation/economy.”
“Our ATMs would be totally different from the conventional ATMs that the banks in the country have been deploying so far. We have plans to roll out different models of ATMs such as Standalone ATMs, Through the Wall ATMs, Drive-in ATMs, Mini-ATMs and Moving ATMs to name a few. These ATMs will be deployed at public locations like Bus-depots, Shopping malls, Educational institutions, Offices, Small Kirana stores, Cinema Theatres, Public Parks and even at own Branches of Muthoot Finance. Our ATMs will be strategically placed at locations where the public would wish for one. Cards issued by all Banks in India will be accepted at our ATMs. These ATMs will be user-friendly WLAs; even for the differently-abled people – in terms of voice, Braille and wherever feasible, access facilities by ramp also”, added Mr. Bijimon.



Being an industry leader, Muthoot Finance plans to drive on its existing strengths for setting up WLA in various geographical locations - the use of synergy derived from the market leading position in Gold Loan business; a strong presence in under- served rural and semi-urban markets.
Muthoot Finance with its extensive branch network of 4300 plus branches spread across 21 states & 4 Union Territories of India aims to set up 9000 WLAs in 3 years timespan – 1000 in first year, 2000 in second year and 6000 in third year. The company is in the process of outsourcing banks and technical partners for setting up WLAs.
Earlier in June 2012, the Reserve Bank of India had issued policy guidelines permitting non-bank entities to set up and operate WLAs in the country after seeking Authorisation under the Payment and Settlement Systems Act, 2007. Previously, only banks were permitted to set up and operate ATMs in India. The primary objective of permitting non-banks to operate WLAs was to enhance the spread of ATMs in semi-urban and rural areas (mainly tier III to VI cities/towns).

About Muthoot Finance Ltd:
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
Operating history of Muthoot Finance has evolved over a period of 74 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.
Muthoot Finance provides personal loans secured by gold jewellery, primarily to individuals who could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet their personal or business purposes.
Company is listed on both National Stock Exchange of India and Bombay Stock Exchange.

PUBLIC ISSUE BY MUTHOOT FINANCE LIMITED

Muthoot Finance Limited, the largest gold financing company in India in terms of loan portfolio according to the IMaCS Industry Report, 2012 Update, will open on September 02, 2013, a public issue of secured, redeemable, non-convertible debentures and unsecured, redeemable, non-convertible debentures (“NCDs”) of face value of Rs. 1,000 each aggregating upto Rs. 150 Crores with an option to retain oversubscription upto Rs. 150 Crores, aggregating to a total of upto Rs. 300 Crores (the “Issue”).

The NCD Issue with eleven investment options and effective yield of upto 12.55% (per annum) closes on September 16, 2013, with an option for early closure as may be decided by the NCD Public Issue Committee subject to necessary approvals. The face value of each NCD is Rs. 1,000 and the minimum application is for ten NCDs (Rs. 10,000) (for all options of NCDs, namely Option I, II, III, IV, V, VI, VII, VIII, IX, X, XI either taken individually or collectively) and in multiples of one NCD thereafter.
The NCDs offered through the Prospectus are proposed to be listed on BSE Limited.
The NCDs proposed to be issued under this Issue have been rated 'CRISIL AA-/Negative' by CRISIL and '[ICRA] AA- /Negative' by ICRA.
There are ten investment options for secured NCDs:
Option I: The maturity date is 24 months from the deemed date of allotment and the interest is payable monthly. The coupon rate and effective yield is 11.50% p.a.
Option II: The maturity date is 36 months from the deemed date of allotment and the interest is payable monthly. The coupon rate and effective yield is 12.00% p.a.
Option III: The maturity date is 60 months from the deemed date of allotment and the interest is payable monthly. The coupon rate and effective yield is 11.50 % p.a.
Option IV: The maturity date is 24 months from the deemed date of allotment and the interest is payable annually. The coupon rate and effective yield is 12.00% p.a
Option V: The maturity date is 36 months from the deemed date of allotment and the interest is payable annually. The coupon rate and effective yield is 12.25% p.a.
Option VI: The maturity date is 60 months from the deemed date of allotment and the interest is payable annually. The coupon rate and effective yield is 12% p.a.
Option VII: The maturity date is 400days from the deemed date of allotment and the effective yield is 11% p.a.
Option VIII: The maturity date is 24 months from the deemed date of allotment and the effective yield is 12% p.a.
Option IX: The maturity date is 36 months from the deemed date of allotment and the effective yield is 12.55% p.a.
Option X: The maturity date is 60 months from the deemed date of allotment and effective yield is 12% p.a.
The investment options for unsecured NCDs:
Option XI: The maturity date is 72 months from the deemed date of allotment and effective yield is 12.25% p.a.
The funds raised through this Issue will be utilised by the Company for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes, after meeting the expenditures of and related to the Issue and subject to applicable statutory/regulatory requirements.
The Company provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. As of June 30, 2013, the Company has branch network of 4163 branches. The Company’s Gold Loan portfolio as of March 31, 2013 comprised approximately 6.5 million loan accounts. As of June 30, 2013, it employed 24945 persons in its operations.
The Lead Manager to the Issue is ICICI Securities Limited.

Disclaimer: Muthoot Finance Limited, is proposing, subject to market conditions and other considerations, to make a public issue of securities and has filed a Draft Prospectus with the Securities and Exchange Board of India (“SEBI”), BSE Limited and the Prospectus with the Registrar of Companies, Kerala and Lakshadweep (“RoC”), SEBI, BSE Limited.  The Draft Prospectus and Prospectus are available on the website of SEBI at www.sebi.gov.in, BSE Limited at www.bseindia.com, the Company at www.muthootfinance.com and the respective website of the Lead Manager, at www.icicisecurities.com related to the Issue.  All investors proposing to participate in the Issue should invest only on the basis of the information contained in the Prospectus (including the risk factors therein) dated August 28, 2013, filed with the RoC.

M G George Muthoot Chairman The Muthoot Group conferred with Maulana Jamil Ilyasi Excellence Award

Mr. M.G George Muthoot, Chairman, The Muthoot Group, has been presented with the prestigious Maulana Jamil Ilyasi Excellence Award 2013 for his extraordinary contribution in developing financial services.
Mr. M.G George Muthoot has been a visionary and a successful entrepreneur, who changed the nomenclature of his business. Under his stewardship, Muthoot Finance Limited, the flagship company of The Muthoot Group, became the sole connect for people living in small villages and thereby, playing a big role in financial inclusion.
The Maulana Jamil Ilyasi Excellence Awards recognizes excellence and honours individuals for their contributions in various fields. In remembrance of late Maulana Jamil Ilyasi, founder of the All India Organization of Imams of Mosques, the awards are an initiative to recognize those individuals who have not only contributed to the development of their respective fields, but have gone extra miles to help in advancement of our motherland, India.
The award was presented by Mr. TKA Nair, Advisor to the Prime Minister of India at the India Islamic Centre, New Delhi). An eminent jury of Mr. Wajahat Habibullah (Chairperson, National Commission for Minorities), Mr. Ajit Prasayat (Former Justice Supreme Court), Dr. Mohsin Wali (Physician to Honorable President of India), Mr. Aziz Burney (eminent journalist) and Mrs. Mehzbeen Nouman (eminent social worker) selected the awardees.

The Muthoot Group under the leadership of Mr. M.G. George Muthoot has broadened its scale, widened its geographic scope of retail operations, and built a formidable business empire.

About Muthoot Group

Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M.G. George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations. Today, Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 126 years. The formidable business empire comprises of 16 divisions including Financial Services, Plantations & Estates, Education, Leisure & Hospitality, Healthcare, Housing & Infrastructure, Infotech, Wealth Management, Money Transfer, Forex, Media, Power Generation, Precious Metals, Securities, Vehicle& Asset Finance, Travel Services, Muthoot Global and Muthoot Money. Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence in over 21 states & 4 Union Territories of India. It also has its presence in USA, UK and UAE too.