Muthoot Fincorp Limited NCD (Muthoot Fincorp NCD September 2015) Detail

Headquartered in Kerala, India; Muthoot Fincorp Limited is in the business of providing personal and business loans secured by gold jewellery and ornaments.

The company is a part of the 'Muthoot Pappachan Group' which has diversified business interests ranging from hospitality, financial services, catering, infrastructure for information technology, automobile sales and services and real estate.

The Gold Loan products of Muthoot Fincorp are structured to serve the business and personal purposes of individuals who possess gold but do not have ready or timely access to formal credit or to whom credit may not be available at all, to meet unanticipated or other shortterm liquidity requirements. The Gold Loan portfolio of the Muthoot Fincorp as of March 31, 2014 comprised approximately 21 lakh loan accounts that were serviced through 3,831 branches located across 15 states and the national capital territory of Delhi. As of July 31, 2014, the company employed 17,221 employees including 1,333 contracted experts in its operations.

In addition to the Gold Loan business, Muthoot Fincorp also provides foreign exchange conversion and money transfer services as sub-agents of various registered money transfer agencies. The company is also engaged in generation and sale of wind energy through its wind farms located in Tamil Nadu. Further, the company is also engaged in micro finance business, aimed at providing micro credit facility to aspiring women entrepreneurs.