Latest news with #MuthootFinCorp
Business Standard
10-06-2025
- Business
- Business Standard
Muthoot FinCorp Emerges as People - First Brand with Triple Honors at AmbitionBox Employee Choice Awards 2025
VMPL Trivandrum [India], June 10: Muthoot FinCorp Ltd. (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group also known as Muthoot Blue, has been recognized with three prestigious honours at the AmbitionBox Employee Choice Awards (ABECA) 2025, reinforcing its reputation as a people-first organisation. The company has won accolades in the categories of Top Rated Financial Services Company, Top Rated Company for Women and Top Rated Large Company. These awards are based solely on verified employee feedback on AmbitionBox, India's most trusted employee review platform. The recognitions underscore Muthoot FinCorp's ongoing commitment to creating an inclusive, empowering, and progressive work environment for over 27,000 employees across the country. Purely based on employee feedback, Muthoot FinCorp is among the few NBFCs to be recognised across multiple categories at the AmbitionBox Employee Choice Awards 2025. These awards are determined through an independent and transparent process, relying solely on reviews and ratings shared by current and former employees. Muthoot FinCorp's achievement is a reflection of its strong employer brand, inclusive workplace culture, and consistent efforts to empower employees across roles, regions, and hierarchies. On being awarded on this achievement, Shaji Varghese, CEO of Muthoot FinCorp Limited (MFL), said: "We are deeply honoured by these recognitions from AmbitionBox, especially because they reflect the authentic voice of our people--the very foundation of our organisation. At Muthoot FinCorp, we believe that a truly successful company is built not just on financial performance, but on the strength of its people, values, and culture. These awards reaffirm our commitment to nurturing a workplace where every individual feels valued, empowered, and inspired to grow. We have consistently invested in building an inclusive and purpose-driven culture that encourages diversity of thought, celebrates merit, and supports the holistic development of our employees. This recognition motivates us to continue creating meaningful employee experiences and enabling careers that transform lives--within and beyond the organisation." Suresh Kumar Sivaraj, Chief Human Resources Officer, Muthoot FinCorp said, " These three honours are a testament to our People First culture and the inclusive values that define Muthoot FinCorp. We've built a workplace where talent is nurtured, growth is championed, and every individual feels valued and respected. Having more than 10,000 women Muthootians and being recognised as a Top Rated Company for Women underscores our unwavering commitment to safety, equity, and empowerment. Every review, every rating, reflects the trust our employees place in us--and the responsibility we proudly carry forward. At Muthoot FinCorp,People First is more than a motto--it's our guiding principle. We believe work should offer a larger purpose, aligned with organisation's Purpose of transforming the lives of the common man. We remain dedicated to ensuring every Muthootian finds meaning in their journey and to continually raising the bar for employee experience and organizational excellence." With a network of over 3,700 branches across India, Muthoot FinCorp has evolved from a gold loan provider into a comprehensive financial services company--offering small business loans, vehicle finance, money transfers, and more. Backed by the century-old legacy of the Muthoot Pappachan Group, the company blends trust with innovation to serve a diverse customer base across urban and rural India. Rooted in its core values of trust, simplicity, and accessibility, Muthoot FinCorp remains committed to driving financial empowerment and innovation. These recognitions further strengthen its resolve to deliver inclusive, customer-centric solutions that shape the future of finance in India. The awards come close on the heels of Muthoot FinCorp being named a Superbrand, a globally respected benchmark for excellence in branding and consumer trust. This dual recognition from both employees and customers further validates the company's people-driven and purpose-led growth journey. About Muthoot FinCorp Muthoot FinCorp Limited, the flagship company of 138-year-old business conglomerate Muthoot Pappachan Group, is India's leading Non-Banking Financial Company (NBFC) with an aim to transform the lives of common man by ensuring their financial wellbeing through an array of varied products and services. The Company today offers more than two dozen products and services through its 3700+ branches across India and aims to serve the underbanked, to be their most trusted financial partner, and ensure financial inclusion of every household in India. Muthoot FinCorp's long-standing experience, expertise and stronghold in the semi urban and rural areas has enabled the company to provide quick & customized finance options to the masses. About Muthoot Pappachan Group Founded in 1887, Muthoot Pappachan Group (MPG) is a significant entity in the Indian business landscape with nationwide presence and tailor-made products and services for its customers. The Group which planted its roots in retail trading, later diversified into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Precious Metals, and Alternate Energy. With Muthoot FinCorp Limited as its Flagship Company and Bollywood icon Shah Rukh Khan as its brand ambassador, Muthoot Pappachan Group (MPG) today stands as a formidable presence in India. With over 47000 Muthootians and a vast network of over 5200 branches across the country, the Group is deeply committed to Environmental, Social, and Governance (ESG) excellence aiming to create a long-term value for its stakeholders while contributing to a more sustainable and equitable future. Muthoot Pappachan Foundation, the CSR arm of the group facilitates the CSR activities for the entire Group companies focusing on Health, Education, Environment and Livelihood (HEEL).
United News of India
28-05-2025
- Business
- United News of India
Muthoot FinCorp appoints Dr. Apoorva Javadekar as Chief Economist
Kochi, May 28 (UNI) Muthoot FinCorp, the flagship company of the 138-year-old business conglomerate Muthoot Pappachan Group, also known as Muthoot Blue, has announced the appointment of Dr. Apoorva Javadekar as Chief Economist. Dr. Javadekar is a distinguished economist whose career spans top-tier academic, research, and policy institutions. He has previously served as Assistant Professor of Finance at the Indian School of Business and as Research Director at CAFRAL, an institution promoted by the Reserve Bank of India. His research on Indian banking and international finance has shaped the RBI's internal discussions and has been featured in prestigious forums such as the IMF, Federal Reserve Bank, American Finance Association, and various ministries within the Indian government. He also served as a member of the Research Advisory Committee formed by SEBI. As Chief Economist, Dr. Javadekar will lead economic and market research, provide insights into household balance sheets and sectoral trends, and support data-driven decision-making across the Group's businesses. His leadership will be vital as Muthoot FinCorp deepens its commitment to financial inclusion, affordable credit, and customer-centric innovation. 'My focus will be on delivering data-driven, actionable economic insights to drive informed decision-making and fuel business growth. We aim to build a solid economic research program at Muthoot FinCorp to better understand Indian credit markets, the role of gold in the credit ecosystem, and Indian household balance sheets. We plan to partner with regulators and prominent academic institutions in doing so. I'm excited to contribute to Muthoot FinCorp's continued success and growth, building on its strong foundation and heritage,' Dr. Apoorva Javadekar said. UNI DS SSP
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Business Standard
26-05-2025
- Business
- Business Standard
Muthoot FinCorp Q4 results: Profit dips 20% to ₹192 cr despite revenue rise
Muthoot FinCorp, a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025. The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24. The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement. Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added. For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24. At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year. The board has also approved a proposal to raise up to Rs 8,000 crore through non-convertible debentures (NCDs), subordinated debt, perpetual debt, and commercial papers (CPs) during the current financial year, to support the company's growth and capital requirements, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
26-05-2025
- Business
- Time of India
Muthoot FinCorp Q4 Results: Profit falls 20 pc to Rs 192 crore
Muthoot FinCorp , a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025. The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24. The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Killer New Honda CR-V Is Utter Perfection (Take A Look) TheFactualist Undo Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added. For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24. At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year. Live Events The board has also approved a proposal to raise up to Rs 8,000 crore through non-convertible debentures (NCDs), subordinated debt, perpetual debt, and commercial papers (CPs) during the current financial year, to support the company's growth and capital requirements, it said.
Economic Times
17-05-2025
- Business
- Economic Times
Mind Over Money: From Mt. Everest Base Camp to boardroom - Shaji Varghese on fitness as a foundation for leadership
Q) Thanks for taking the time out. How many marathons have you completed and is this one of the way you keep yourself mentally fit day in and day out? Live Events Q) You even trekked to Everest Base Camp. What drives your commitment to physical fitness, and how has it shaped your leadership journey? Q) How do you prepare—physically and mentally—for endurance events like the TATA Mumbai Marathon or high-altitude treks? Q) What does your typical wellness or fitness routine look like during a busy work week? Q) You've implemented wellness-focused initiatives like the Muthoot Health Triangle and Diversity Club. What inspired you to make wellness a leadership priority? Q) You've curated a physical library in the office with impactful titles. Why is fostering a learning culture important to you? Q) Among the books you've recently read—such as Atomic Habits and Thinking in Systems—which one has had the biggest influence on your approach to leadership and why? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In an era where boardroom stress and relentless schedules often sideline personal wellness, Shaji Varghese , CEO of Muthoot FinCorp , offers a refreshing perspective — one where fitness fuels focus, and discipline off the track drives decision-making at the over three dozen marathons under his belt and an unforgettable trek to the Everest Base Camp, Shaji isn't just running for physical health — he's running to stay grounded, self-aware, and sharp as a this candid conversation for our Mind Over Money segment, he shares how his journey through endurance sports, habit-building, and wellness initiatives has shaped not only his leadership style but also the culture he champions at Muthoot FinCorp. Edited Excerpts –Running has been a transformative experience for me, with over three dozen marathons under my belt in the past 3-4 years, including two full me, running is a form of meditation – a chance to connect with myself and reflect. While it's a group activity, marathons remind me that ultimately, I'm running my own my passion for running has been a catalyst for positive change, helping me develop healthier habits and a more organized lifestyle.I've started prioritizing early sleep and nutritious eating, and I've become more mindful of my overall well-being. Running has taught me discipline and self-awareness, and I'm grateful for the impact it's had on my to physical fitness taught me the power of habits. Small, consistent progress can have a profound impact over time. When I started running, completing a 42km marathon seemed by focusing on tiny, incremental gains – just 1% improvement each week – I achieved remarkable progress. Consistent training and dedication paid off on my Everest Base Camp trek, where I pushed my limits and achieved new principle applies beyond fitness: setting realistic goals and making gradual improvements can lead to significant a person, I've learned to prioritize my own growth and accountability. Health is a personal responsibility, while my job is a means to fulfil my larger life prioritizing my physical well-being, I've been able to prevent lifestyle diseases and maintain a balanced personal and professional discipline I've developed through running has been invaluable, allowing me to achieve more and live a more purposeful has become second nature to me. For long marathons, I make sure to log at least 35 km in the preceding days to prepare for the 42 km challenge. High-altitude treks are a testament to the endurance built over year was fulfilling, as I achieved three personal goals: participating in the Tata Mumbai Marathon, running kilometres equal to my age on my birthday, and completing the Everest Base Camp diving, para gliding, ice skating, wild life safari, hot air balloon ride, experiencing Northern Lights are few others I have crossed off my list.I'm excited to pursue more aspirations this year. I am thrilled to share that I look forward to running the full marathon at the Athens Marathon in November 2025 - crossing the historic Panathenaic Stadium of Athens will be an unforgettable I plan to explore deep sea water swimming this year along with a run at the Ladakh marathon if all goes well.I prioritize staying active every day. My weekly routine includes long-distance running on Tuesdays, Thursdays, and one weekend day, which helps me build endurance and challenge Wednesdays and Fridays, I focus on stretch exercises, mobility, or flexibility workouts to maintain flexibility and prevent injuries. Exercise isn't just about physical health; it's also a great way to clear my mind and boost making time for physical activity, I'm able to tackle my work responsibilities with more enthusiasm and efficiency, while also enjoying a better work-life balance.I firmly believe that life itself is the most precious thing we have, and good physical and mental health is crucial for overall happiness is intricately linked to personal happiness – it's challenging to compartmentalize joy and work-life balance means finding happiness in both your professional and personal life, effortlessly navigating between the two, and feeling eager to be in both places.I think organizations play a vital role in fostering a healthy work environment. When colleagues prioritize their health, it benefits not only themselves but also the organization and society as a whole.I must credit Muthoot Fincorp for the Muthoot Health Triangle (MHT) initiative - a significant milestone for Muthootians promoting physical, intellectual, and spiritual well-being for Muthootians; and I encourage my people to be part of the MHT initiatives ensuring their holistic promoting well-being, organizations can unlock their people's full potential, drive growth, and contribute to a healthier, more productive communityIn today's rapidly changing world, continuous learning is essential for survival and growth. By upgrading our skills and knowledge, we not only enhance our own productivity but also contribute to the organization's high-quality books is an excellent way to broaden our perspectives and improve our library is designed to support this pursuit of knowledge, with carefully curated books that will benefit our Muthootians, organization, and the wider prioritize knowledge acquisition, recognizing that it's a key driver of progress. We encourage Muthootians to utilize their time effectively by reading and learning, rather than getting caught up in non-productive activities. By putting knowledge first, we can stay ahead of the curve and achieve our both books are good, my recent favorite book is 'The Courage to Be Disliked' by Ichiro Kishimi and Fumitake Koga. This book has been a catalyst for self-discovery, helping me gain valuable insights into my own thoughts and has profoundly impacted my leadership journey, broadened my perspective and helped me in informed books, I've developed a more nuanced understanding of life and leadership, enabling me to approach challenges with greater clarity and me say that books and reading have had a profound impact on my life as a whole, and am sure it will continue to do so.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times
