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THE
GROWTH
STORY

1887

  • The Group came into being as a

trading business in a Kerala village.

1939

  • Commenced

Gold Loan business

2001

  • Muthoot Finance received

RBI License to function as an NBFC.

2004

  • Received highest rating

    of F1 from Fitch Ratings for a
    short-term debt of ₹ 200 mn.

2005

  • Retail Loan and debenture portfolio

crossed ₹ 5 bn.

2007

  • Retail Loan portfolio crossed ₹ 14 bn.
  • Net owned funds crossed ₹ 1 bn.
  • Accorded SI-ND-NBFC status.
  • Branch network crossed 500 branches

2008

  • Retail Loan portfolio crossed ₹ 21 bn.
  • Retail debenture portfolio crossed ₹ 1 bn.
  • Fitch affirmed the F1 short term debt rating with an enhanced amount of ₹ 800 mn.
  • Converted into a Public Limited Company.

2009

  • Retail Loan portfolio crossed ₹ 33 bn.
  • Retail debenture portfolio crossed ₹ 19 bn.
  • Net owned funds crossed ₹ 3 bn.
  • Gross annual income crossed ₹ 6 bn.
  • Bank credit limits crossed ₹ 10 bn.
  • Branch network crossed 900 branches.

2010

  • Retail Loan portfolio crossed ₹ 74 bn.
  • Retail debenture portfolio crossed ₹ 27 bn.
  • CRISIL assigned ‘P1+’ rating for short term debt of ₹ 4 bn, ICRA assigned A1+ for short term debt of ₹ 2 bn.
  • Net owned funds crossed ₹ 5 bn.
  • Gross annual income crossed ₹ 10 bn.
  • Bank credit limits crossed ₹ 17 bn.
  • Branch network crossed 1,600 branches.

2011

  • Retail Loan portfolio crossed ₹ 158 bn.
  • Retail debenture portfolio crossed ₹ 39 bn.
  • CRISIL assigned long-term rating of AA- Stable for ₹ 1 bn subordinated debt issue and for ₹ 4 bn non-convertible debentures issue respectively.
  • ICRA assigned long-term rating of AA- Stable for ₹ 1 bn subordinated debt issue and for ₹ 2 bn non-convertible debentures issue respectively.
  • PE Investments of ₹ 2556.85 mn in the Company by Matrix partners, LLC The Welcome Trust, Kotak PE, Kotak Investments and Baring India PE.
  • Net owned funds crossed ₹ 13 bn.
  • Gross annual income crossed ₹ 23 bn.
  • Bank credit limit crossed ₹ 60 bn.
  • Branch network crossed 2,700 branches.

2012

  • Retail Loan portfolio crossed ₹ 246 bn.
  • Retail debenture portfolio crossed ₹ 66 bn.
  • ICRA assigned long-term rating of AA- Stable and short-term rating of A1+ for ₹ 9,353 cr Line of credit.
  • Successful IPO of ₹ 9,012.50 mn in April 2011.
  • Raised ₹ 6.93 bn through Non-convertible Debenture Public Issue- Series I.
  • Raised ₹ 4.59 bn through Non-convertible Debenture Public Issue - Series II.
  • Net owned funds crossed ₹ 29 bn.
  • Gross annual income crossed ₹ 45 bn.
  • Bank credit limit crossed ₹ 92 bn.
  • Branch network crossed 3,600 branches.

2013

  • Raised ₹ 2.59 bn through Non-Convertible Debenture Public Issue - Series III
  • Obtained RBI license to start operating 9,000 White Label ATMs
  • Branch network crossed 4,400 branches
  • Raised ₹ 2.77 bn through NCD Public Issue – Series IV
  • Raised ₹ 3.0 bn through NCD Public Issue – Series V

2014

  • Raised ₹ 418 crore through oversubscribed (1.8 times) Institutional Placement Programme (IPP)
  • Acquired 51 percent equity shares of Colombo-based PLC, Asia Asset Finance (AAF)

2015

  • Issued 25,351,062 fresh equity shares by way of an institutional placement programme under Chapter VIII–A of the SEBI ICDR Regulations, aggregating up to ₹ 4,182.93 mn.
  • Listed Debenture Portfolio raised through public issue ₹ 14.62 bn.
  • Retail Loan Portfolio touched ₹ 234.09 bn.
  • Net owned funds crossed ₹ 50 bn.
  • Gross annual income touched ₹ 43.25 bn.
  • Profit after tax for the year touched ₹ 6.71 bn.

2016

  • Retail Loan Portfolio crossed ₹ 243 bn.
  • Listed Debenture Portfolio raised through public issue ₹ 12.39 bn.
  • Net Owned Funds crossed ₹ 55 bn.
  • Gross annual income touched ₹ 48.75 bn.
  • Profit after tax for the year touched ₹ 8.10 bn.
  • Acquired 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). MHIL is a Housing Finance Company Registered with The National Housing Bank
  • Acquired Muthoot Insurance Brokers Private Limited (MIBPL) as a wholly-owned subsidiary in June 2016. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013
  • Acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL) in July 2016. BIFPL was reclassified as an ‘NBFC-MFI’ by RBI with effect from 11th December, 2013
  • CRISIL and ICRA upgraded long-term debt rating from AA-/Stable to AA/Stable.

2017

  • Loan Assets Portfolio crossed ₹ 272 bn.
  • Listed Debenture Portfolio raised through public issue ₹ 18.31 bn.
  • Net Owned Funds crossed ₹ 64 bn.
  • Gross annual income touched ₹ 57.46 bn.
  • Profit after tax for the year touched ₹ 11.80 bn.
  • Increased stake in BIFPL to 64.60% thus making it a subsidiary.
  • Enlarged stake in MHIL to 88.27%.
  • Improved stake in AAF to 60%.

2018

  • Loan Assets Portfolio crossed ₹ 291 bn.
  • Listed Debenture Portfolio raised through public issue of ₹ 19.69 bn.
  • Net Owned Funds crossed ₹ 77 bn.
  • Gross Annual Income touched ₹ 62.43 bn.
  • Profit after tax for the year touched ₹ 17.20 bn.
  • Branch network crossed 4,300.
  • Increased stake in BIFPL to 66.61%.
  • Enlarged stake in MHIL to 100% making it a wholly-owned subsidiary.

2019

  • Loan Assets Portfolio crossed ₹ 342 bn.
  • Listed Debenture Portfolio raised through public issue of ₹ 37.09 bn.
  • Net Owned Funds crossed ₹ 97.69 bn.
  • Gross Annual Income touched ₹ 68.81 bn.

2020

  • Loan Assets portfolio crossed ₹ 416 bn.
  • Net owned funds crossed ₹ 113.09 bn.
  • Gross annual income touched ₹ 87.23 bn.
  • NProfit after tax for the year touched ₹ 30.18 bn.
  • Branch Network crossed  4500
  • Raised ₹ 21.02 bn. billion through public issue of of Series XX, Series XXI and Series XXII of secured non-convertible debentures
  • Increased stake in M/s. Asia Asset Finance PLC to 72.92%
  • Muthoot Finance has been assigned Issuer ratings by three international credit rating agencies – Fitch Ratings at “BB+/Stable”, S & P Global at “BB/Stable” and Moody’s Investor Service at “Ba2/Stable”
  • In October 2019 Company had raised USD 450 million by issuing 6.125% Senior Secured Notes of 3 years and in March 2020 Company had raised USD 550 million by issuing 4.40% Senior Secured Notes of 3.5 years under both Rule 144A and Regulation S of U.S. Securities Act, 1933.

2021

  • Loan Assets portfolio crossed ₹ 526 bn.
  • Net owned funds crossed ₹ 151.88 bn.
  • Gross annual income touched ₹ 105.74 bn
  • Profit after tax for the year touched ₹ 37.22 bn
  • Branch Network crossed 4600
  • Raised ₹ 22.92 bn. billion through public issue of of Series XXIII and Series XXIV of secured nonconvertible debentures.
  • CRISIL and ICRA upgraded long term credit rating from AA to AA+/Stable
  • Raised ₹ 17 bn. billion through public issue of of Series XXV of secured non-convertible debentures of which allotment was made in April, 2021

2022

  • Loan Assets portfolio crossed ₹ 580 bn.
  • Net owned funds crossed ₹ 182.96 bn.
  • Gross annual income touched ₹ 110.98 bn.
  • Profit after tax for the year touched ₹ 39.54 bn.
  • Branch Network crossed 4600

2023

  • Loan Assets portfolio crossed ₹ 580 bn.
  • Loan Assets portfolio crossed ₹ 632 bn.
  • Net owned funds crossed ₹ 208.94 bn.
  • Gross annual income touched ₹ 105.44 bn.
  • Profit after tax for the year touched ₹ 34.74 bn.
  • Branch Network crossed 4700
  • The Group came into being as a

trading business in a Kerala village.

  • Commenced

Gold Loan business

  • Muthoot Finance received

RBI License to function as an NBFC.

  • Received highest rating

    of F1 from Fitch Ratings for a
    short-term debt of ₹ 200 mn.

  • Retail Loan and debenture portfolio

crossed ₹ 5 bn.

  • Retail Loan portfolio crossed ₹ 14 bn.
  • Net owned funds crossed ₹ 1 bn.
  • Accorded SI-ND-NBFC status.
  • Branch network crossed 500 branches
  • Retail Loan portfolio crossed ₹ 21 bn.
  • Retail debenture portfolio crossed ₹ 1 bn.
  • Fitch affirmed the F1 short term debt rating with an enhanced amount of ₹ 800 mn.
  • Converted into a Public Limited Company.
  • Retail Loan portfolio crossed ₹ 33 bn.
  • Retail debenture portfolio crossed ₹ 19 bn.
  • Net owned funds crossed ₹ 3 bn.
  • Gross annual income crossed ₹ 6 bn.
  • Bank credit limits crossed ₹ 10 bn.
  • Branch network crossed 900 branches.
  • Retail Loan portfolio crossed ₹ 74 bn.
  • Retail debenture portfolio crossed ₹ 27 bn.
  • CRISIL assigned ‘P1+’ rating for short term debt of ₹ 4 bn, ICRA assigned A1+ for short term debt of ₹ 2 bn.
  • Net owned funds crossed ₹ 5 bn.
  • Gross annual income crossed ₹ 10 bn.
  • Bank credit limits crossed ₹ 17 bn.
  • Branch network crossed 1,600 branches.
  • Retail Loan portfolio crossed ₹ 158 bn.
  • Retail debenture portfolio crossed ₹ 39 bn.
  • CRISIL assigned long-term rating of AA- Stable for ₹ 1 bn subordinated debt issue and for ₹ 4 bn non-convertible debentures issue respectively.
  • ICRA assigned long-term rating of AA- Stable for ₹ 1 bn subordinated debt issue and for ₹ 2 bn non-convertible debentures issue respectively.
  • PE Investments of ₹ 2556.85 mn in the Company by Matrix partners, LLC The Welcome Trust, Kotak PE, Kotak Investments and Baring India PE.
  • Net owned funds crossed ₹ 13 bn.
  • Gross annual income crossed ₹ 23 bn.
  • Bank credit limit crossed ₹ 60 bn.
  • Branch network crossed 2,700 branches.
  • Retail Loan portfolio crossed ₹ 246 bn.
  • Retail debenture portfolio crossed ₹ 66 bn.
  • ICRA assigned long-term rating of AA- Stable and short-term rating of A1+ for ₹ 9,353 cr Line of credit.
  • Successful IPO of ₹ 9,012.50 mn in April 2011.
  • Raised ₹ 6.93 bn through Non-convertible Debenture Public Issue- Series I.
  • Raised ₹ 4.59 bn through Non-convertible Debenture Public Issue - Series II.
  • Net owned funds crossed ₹ 29 bn.
  • Gross annual income crossed ₹ 45 bn.
  • Bank credit limit crossed ₹ 92 bn.
  • Branch network crossed 3,600 branches.
  • Raised ₹ 2.59 bn through Non-Convertible Debenture Public Issue - Series III
  • Obtained RBI license to start operating 9,000 White Label ATMs
  • Branch network crossed 4,400 branches
  • Raised ₹ 2.77 bn through NCD Public Issue – Series IV
  • Raised ₹ 3.0 bn through NCD Public Issue – Series V
  • Raised ₹ 418 crore through oversubscribed (1.8 times) Institutional Placement Programme (IPP)
  • Acquired 51 percent equity shares of Colombo-based PLC, Asia Asset Finance (AAF)
  • Issued 25,351,062 fresh equity shares by way of an institutional placement programme under Chapter VIII–A of the SEBI ICDR Regulations, aggregating up to ₹ 4,182.93 mn.
  • Listed Debenture Portfolio raised through public issue ₹ 14.62 bn.
  • Retail Loan Portfolio touched ₹ 234.09 bn.
  • Net owned funds crossed ₹ 50 bn.
  • Gross annual income touched ₹ 43.25 bn.
  • Profit after tax for the year touched ₹ 6.71 bn.
  • Retail Loan Portfolio crossed ₹ 243 bn.
  • Listed Debenture Portfolio raised through public issue ₹ 12.39 bn.
  • Net Owned Funds crossed ₹ 55 bn.
  • Gross annual income touched ₹ 48.75 bn.
  • Profit after tax for the year touched ₹ 8.10 bn.
  • Acquired 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). MHIL is a Housing Finance Company Registered with The National Housing Bank
  • Acquired Muthoot Insurance Brokers Private Limited (MIBPL) as a wholly-owned subsidiary in June 2016. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013
  • Acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL) in July 2016. BIFPL was reclassified as an ‘NBFC-MFI’ by RBI with effect from 11th December, 2013
  • CRISIL and ICRA upgraded long-term debt rating from AA-/Stable to AA/Stable.
  • Loan Assets Portfolio crossed ₹ 272 bn.
  • Listed Debenture Portfolio raised through public issue ₹ 18.31 bn.
  • Net Owned Funds crossed ₹ 64 bn.
  • Gross annual income touched ₹ 57.46 bn.
  • Profit after tax for the year touched ₹ 11.80 bn.
  • Increased stake in BIFPL to 64.60% thus making it a subsidiary.
  • Enlarged stake in MHIL to 88.27%.
  • Improved stake in AAF to 60%.
  • Loan Assets Portfolio crossed ₹ 291 bn.
  • Listed Debenture Portfolio raised through public issue of ₹ 19.69 bn.
  • Net Owned Funds crossed ₹ 77 bn.
  • Gross Annual Income touched ₹ 62.43 bn.
  • Profit after tax for the year touched ₹ 17.20 bn.
  • Branch network crossed 4,300.
  • Increased stake in BIFPL to 66.61%.
  • Enlarged stake in MHIL to 100% making it a wholly-owned subsidiary.
  • Loan Assets Portfolio crossed ₹ 342 bn.
  • Listed Debenture Portfolio raised through public issue of ₹ 37.09 bn.
  • Net Owned Funds crossed ₹ 97.69 bn.
  • Gross Annual Income touched ₹ 68.81 bn.
  • Loan Assets portfolio crossed ₹ 416 bn.
  • Net owned funds crossed ₹ 113.09 bn.
  • Gross annual income touched ₹ 87.23 bn.
  • NProfit after tax for the year touched ₹ 30.18 bn.
  • Branch Network crossed  4500
  • Raised ₹ 21.02 bn. billion through public issue of of Series XX, Series XXI and Series XXII of secured non-convertible debentures
  • Increased stake in M/s. Asia Asset Finance PLC to 72.92%
  • Muthoot Finance has been assigned Issuer ratings by three international credit rating agencies – Fitch Ratings at “BB+/Stable”, S & P Global at “BB/Stable” and Moody’s Investor Service at “Ba2/Stable”
  • In October 2019 Company had raised USD 450 million by issuing 6.125% Senior Secured Notes of 3 years and in March 2020 Company had raised USD 550 million by issuing 4.40% Senior Secured Notes of 3.5 years under both Rule 144A and Regulation S of U.S. Securities Act, 1933.
  • Loan Assets portfolio crossed ₹ 526 bn.
  • Net owned funds crossed ₹ 151.88 bn.
  • Gross annual income touched ₹ 105.74 bn
  • Profit after tax for the year touched ₹ 37.22 bn
  • Branch Network crossed 4600
  • Raised ₹ 22.92 bn. billion through public issue of of Series XXIII and Series XXIV of secured nonconvertible debentures.
  • CRISIL and ICRA upgraded long term credit rating from AA to AA+/Stable
  • Raised ₹ 17 bn. billion through public issue of of Series XXV of secured non-convertible debentures of which allotment was made in April, 2021
  • Loan Assets portfolio crossed ₹ 580 bn.
  • Net owned funds crossed ₹ 182.96 bn.
  • Gross annual income touched ₹ 110.98 bn.
  • Profit after tax for the year touched ₹ 39.54 bn.
  • Branch Network crossed 4600
  • Loan Assets portfolio crossed ₹ 632 bn.
  • Net owned funds crossed ₹ 208.94 bn.
  • Gross annual income touched ₹ 105.44 bn.
  • Profit after tax for the year touched ₹ 34.74 bn.
  • Branch Network crossed 4700
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