Our aim is to provide financial support to disadvantaged women: Sadaf Sayeed, Muthoot Microfin
Most people associate the name ‘Muthoot’ with gold loan, as Muthoot Fincorp is one of the largest gold loan NBFC (Non Banking Financial Company) in the country. Apart from gold loan, Muthoot Fincorp is also involved in providing services like housing finance, personal loan, insurance, gold coin, money transfer, foreign [...]May 10, 2022
Largest capital infusion took place after pandemic in microfinance industry
Speaking to ET NOW, Sadaf Sayeed, CEO, Muthoot Microfin informed that the largest capital infusion took place after the pandemic. Vote of confidence is on sustainable micro-finance institutions. The company is using capital to leverage, borrow more, and grow its business. He targets AUM Rs 6000 cr this year. Capital [...]December 23, 2021
Greater Pacific acquires 14% in Muthoot Microfin
This is the PE's maiden equity investment in India’s microfinance space, which has bounced back with healthy loan disbursement and loan recovery from the field after seeing severe stress in the June quarter during the peak of the second wave of the pandemic. London-based private equity fund Greater Pacific Capital [...]December 23, 2021
Greater Pacific Capital invests $50 million in Muthoot Microfin
With this funding, Muthoot Microfin will look to double its asset under management to ₹10,000 crore in three years Muthoot Microfin Ltd (MML), the microfinance business of the Muthoot Pappachan Group, has received $50 million from private equity firm Greater Pacific Capital. Currently, MML has 850 branches across 16 States, [...]December 23, 2021
Muthoot Microfin raises Rs 375 cr from Greater Pacific Capital
The company, a part of the Kerala-based Muthoot Pappachan Group, claimed that this is the largest funding for any microfinance entity since 2019 and that the capital will help it become one of the largest microfinancers in the country in two-three years. Muthoot Microfin on Monday said it has secured [...]December 23, 2021