Muthoot Microfin Ltd
Muthoot Microfin Ltd Company History
Muthoot Microfin Ltd is engaged in providing financial services.The company is a leading microfinance institution focussed on providing micro loans to women predominantly in rural areas.(Source : Website)
1992
Incorporated as Panchratna Stock and Investment Consultancy Services Private Limited
1992
1994
Converted to a public limited company and name changed to Panchratna Securities Limited
1994
1998
Company obtained a certificate of registration as an NBFC from RBI
1998
2011
Company was acquired by promoters of Muthoot Pappachan GroupÂ, namely, Janamma Thomas, Thomas John Muthoot, Thomas George Muthoot, Thomas Muthoot, Preethi John Muthoot, Nina George and Remmy Thomas
2011
2015
RBI granted NBFC-MFI status with effect from March 25, 2015
2015
2016
Raised Rs.500,000,000 from Creation
2016
2017
Crossed 1 million clients
Raised Rs.150,000,000 in the first round of investment for the year from Creation
Raised Rs.350,000,034.28 in the second round of investment for the year from Creation
2017
2018
Raised Rs.300,000,013 in the first round of investment for the year from Creation
Raised Rs.250,633,050 in the second round of investment for the year from Creation
2018
2019
CRISIL upgraded the rating to A Stable for bank facilities and debt instruments
2019
2021
Launched the Mahila Mitra app
AUM crossed Rs.50,000 million
Raised Rs.1,877,249,867.54 from GPC
2021
2022
Raised Rs.1,856,624,910.84 in the first round of investment for the year from GPC
Raised Rs.818,124,971.22 in the second round of investment for the year from GPC
CRISIL upgraded the rating to A+ Stable for long-term bank facilities and debt programmes
Crossed 2 million active customers
Crossed 1,000 branches
2022
2023
Reached 10,000 employees
AUM crossed Rs.100,000 million
Launched Digital first Suvidha Loan
Muthoot Microfin among IndiaÂs Best Workplaces in Health and Wellness 2023.
2023
