ESG Approach

Related Policies

ESG Policy View
Human Rights Policy View
Framework – Human Dignity & Security Services View
Framework – Child & Forced Labour View
Management of Conflict of Interest View
Gender Equal Opportunity View
Water Policy View
GHG Policy View
Energy Management View
Waste-Management View

Our ESG Approach
(Environmental, Social and Governance)

Muthoot Microfin approves and embraces the Environmental, Social and Governance (ESG) metrics as the central themes for measuring the sustainability and positive impact of our business.

As these criteria help us to better determine the futuristic goals of our business, the organisation strives hard to positively impact the ESG aspects through its operations and societal interactions.

Given below is a snapshot of our imprint towards the organisation’s ESG goals.

Protecting Environment

  • Creates employment opportunities in India’s rural sectors leading to less migration and less burden on urban infra and thereby reduces pollution.
  • Seventy percent of finance offerings are utilised for agricultural and related activities.
  • Promotes renewable energy & wellbeing by financing solar lanterns, sanitation facilities and bicycles.
  • Undertakes sapling plantations across our operational geographies.
  • Organisation is moving towards total paperless operations.
  • As per MicroEnergy Credits:
    Muthoot Microfin has empowered 6,52,205 households with clean energy
    Has empowered 2,813,608 individuals
    Helped reduce 5,01,085 tonnes CO2 emissions

Care for Society (Social)

  • Committed to Financial Inclusion and Women Empowerment
  • Promotes entrepreneurship among rural women
  • #RestartIndia campaign helping micro and small enterprises to restart businesses post Covid-19 crisis
  • Offers skill development training to rural women to help them find jobs or start their own ventures with minimum capital.
  • Undertakes several Community Outreach Activities – starting from free breast cancer testing for rural women to relief activities during natural calamities and pandemic
  • Offers financial literacy and insurance coverage for rural households
  • Gives utmost importance to customer relationships and apart from grievance mechanism and customer care cells, engages them on social media
  • For employees, the organisation offers the Industry best remuneration, monthly & yearly bonuses, upskilling training programs, paid leaves and much more apart from the legally bound benefits.
  • Employee Protection Policies are in place to preserve the rights of every employee.
  • Varied employee engagement activities are held continuously to keep up the morale and mental health of employees.
  • Winner of the prestigious Great Place To Work certification and recognition among Best 30 BFSI companies in India by GPTW Institute.

Ensuring good Governance

  • Long-term strategic and sustainable vision for the organisation.
  • Diverse and highly experienced Board of Directors.
  • Properly structured Board capable of taking independent and objective decisions
  • Equal participation of Independent and Women directors in the board.
  • Regular performance and compensation review
  • Auditor independence and transparency
  • Emphasis on shareholder rights
  • Board remains in effective control of the affairs of the company
  • Transparent financial reporting
  • Addresses interest of all stakeholders
  • Operates in a highly regulated environment with an excellent compliance track record.

Muthoot Pappachan Group initiatives

As one of the largest business houses in India, Muthoot Pappachan Group (MPG) realizes that it has a commitment towards the environment and society, which led it to pioneer a whole new energy farming culture.

Wind energy being the most cost-effective resource in India today, MPG had established wind farms in Tamil Nadu as early as 1993. Today, with its manifold farms, the total installed capacity in wind power is 25 megawatts. Significantly, MPG has put plans in place to double its wind power generation capacity.

As a part of Muthoot Pappachan Group’s decarbonisation efforts, a Garden Forest is being grown at the ‘Taj Green Cove Resort & Spa, Kovalam’ – an asset owned by Muthoot Hotels and managed by Taj Hotels. The Garden Forest – a regulated forest growth at the beach resort flaunts sprawling greenery. The resort and all its facilities are tucked inside this tropical garden designed by world-renowned landscape architects from Indonesia. The construction is done with minimum disturbance to the original landscape. Many indigenous as well as imported plants, trees, shrubs, vines, creepers etc. are planted and protected with scientific care.

Muthoot Microfin

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the Red Herring Prospectus of Muthoot Microfin Limited (the "Company") dated December 11, 2023 (the "Red Herring Prospectus") filed with the Registrar of Companies, Maharashtra at Mumbai and thereafter with the Securities and Exchange Board of India (SEBI") and the BSE Limited and the National Stock Exchange of India Limited, in relation to the initial public offering of the equity shares of face value of ? 10 each ("Equity Shares") of the Company ("Offer").

THE RED HERRING PROSPECTUS IS BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED ("SEBI ICDR REGULATIONS"). You are advised to read this disclaimer carefully before reading, accessing or making any other use of the Red Herring Prospectus. In accessing the Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.

The Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. No part of the contents of the Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The information contained in the Red Herring Prospectus may not be updated since its original publication date and may not reflect the latest updates.

The Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26 of the SEBI ICDR Regulations. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in "offshore transactions" as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act. No person outside India is eligible to bid for Equity Shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which comprises the Red Herring Prospectus and the preliminary international wrap (which contains, among other things, the selling restrictions for the Offer outside India).

Any person into whose possession the Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions.

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Red Herring Prospectus beyond the date of the Red Herring Prospectus. The information in the Red Herring Prospectus is as of the date thereof and neither the Company nor its affiliates, directors or employees are under any obligation to update or revise the Red Herring Prospectus to reflect circumstances arising after the date thereof.

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see the section titled "Risk Factors" in the Red Herring Prospectus. Any decision on whether to invest in the equity shares described in the red herring prospectus of the Company dated December 11, 2023 ("RHP"), must be made solely on the basis of the RHP. As there may be material changes in the draft red herring prospectus dated June 30, 2023 (the "DRHP") versus the RHP, potential investors should not have relied on the DRHP.

The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Disclaimer - Important

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

 Confirm