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How microfinance can help in the emergence of India as an economic superpower

As India inches towards the largest populated country in the world, the progress of the nation shall remain on course despite numerous new challenges it might have created. Meantime, India must also ensure development reach the bottom of the pyramid sections of the society. Unemployment and financial inclusion of the [...]
May 18, 2023

Muthoot Microfin standalone net profit rises 3168.39% in the December 2022 quarter

Sales rise 79.46% to Rs 380.18 croreNet profit of Muthoot Microfin rose 3168.39% to Rs 56.87 crore in the quarter ended December 2022 as against Rs 1.74 crore during the previous quarter ended December 2021. Sales rose 79.46% to Rs 380.18 crore in the quarter ended December 2022 as against [...]
May 18, 2023

Exclusive: Return to office is answer to moonlighting issue: Muthoot’s HR Head Subhransu Pattnayak

The issue of moonlighting remained the talk of the town last year. Not only it ignited fresh debates, polarising opinions and legal questions, but also pushed leaders to forge unique policies to prevent dual employment. The idea was to protect proprietary information and operating models, especially where employees are working [...]
May 18, 2023

UK’s Greater Pacific to invest $10 m in Muthoot Microfin

UK-based private equity investor Greater Pacific Capital (GPC) is all set to infuse $10 million in Muthoot Microfin to raise its stake to about 16%, people familiar with the development said. At present, GPC holds 14.37% in the NBFC-MFI, the microfinance arm of the Muthoot Pappachan group. Read more
May 18, 2023

Muthoot Microfin Helps Offset 3.68 lac Tonne Carbon Emission Through Clean Energy Program

Muthoot Microfin Limited, the microfinance arm of Muthoot Pappachan Group, has been able to offset 3.68 lac tonne of carbon emission as of March 2022 by promoting solar energy and water purifying devices, according to MicroEnergy Credits data. The company has also enabled 5,26,278 households with clean energy and empowered [...]
May 18, 2023
Muthoot Microfin

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