- Muthoot Finance

VOL XVII / ISSUE #3/dec 14
A QUARTERLY UPDATE ON THE LATEST HAPPENINGS AT MUTHOOT GROUP
Chairman’s Message
Connecting with ‘Growth’
After grappling with regulatory issues and drop in gold loan demand due to slowdown, it is my proud
privilege to announce that Muthoot Finance Ltd., the largest gold financing company in India in terms of
loan portfolio, has made a vigorous and dynamic new start and is back on the growth track. For us, this was
long awaited but not unexpected. We were certain that we will bounce back as our systems and processes
are so streamlined.
The Company has declared a net profit of `171 crore in the second quarter of FY15 and `351crore for the half year ended
September 30, 2014. There has been a `392 crore increase in gold loan portfolio during the last quarter and this achievement
is clearly the result of the concerted efforts of each and every person in the Company.Our Company’s performance during
the quarter is a clear indication that our business model is designed to overcome adverse economic conditions and to deliver
consistent results.
Recently,we acquired equity shares of Asia Asset Finance PLC Colombo (AAF) a listed Financial Company in Sri Lanka, thus
raising our total holdings of equity shares to 44.32% of the total number of equity shares of AAF.
We have also been appointed as an Authentication UserAgency by UIDAI (Unique Identification Authority of India) to provide
Aadhaar Enabled Services to our beneficiaries, clients and customers. During the quarter, we granted 8,43,000 options to the
employees as approved by the ESOP Committee of Board of Directors in accordance with the “Muthoot ESOP 2013” scheme.
The Muthoot Global Money Transfer Ltd., a part of Muthoot Global, the overseas arm of the Muthoot Group launched its web
portal www.rupee2india.eu for European countries. The customers can collect cash instantly up to `50,000 from 4,500 Muthoot
Finance branches across India. They can also avail the facility of transferring money from any bank with more than 85,000
branches across India. In accordance with our commitment to promoting sport in India, we have taken concrete steps towards
culmination of our spirit towards ‘Excellence and Perseverance’ in whatever we do. As the principal sponsor of the 2nd edition
of the Muthoot Finance Cochin International Half Marathon, the largest sporting event in Kerala, we are overwhelmed by the
response it has fetched. Over 25,000 runners across Kochi are gearing up to participate in the marathon on 07 December 2014.
The Muthoot Group announced its association with the Hero Indian Super League as the Official Referee and Fair Play Award
Sponsor. The company unveiled ‘The Muthoot Group Fair Play Award’ trophy during a press conference at the Constitution
Club, New Delhi. To partner with the Hero Indian Super League goes beyond business as ‘fair play’ reflects the innate values
of the Muthoot brand and the game. The company believes that the concept of fair play extends beyond the game and has
resonance and applicability in an individual’s day to day life. The association with the tournament will also allow the group to
build the referees as brand advocates and ambassadors of fair play.
We have also entered into a year-long partnership with WWF-India to work together on elephant conservation, with a special
focus on managing human-elephant conflict (HEC) and protecting elephant habitats.
For us, it is important to remember that the crucial thing is to be determined to make a wholehearted effort in everything that
we do. We should carry on with enthusiasm, maintaining a positive, forward-looking attitude and neverlook back.
Warm regards
Chairman
M.G. George Muthoot
Blessed Moments
17th Annual General Meeting
17th Annual General Meeting of Muthoot
Finance was conducted at Fine Arts Hall,
Ernakulam. (L-R) Justice K John Mathew
(Independent Director), Mr. George
Thomas Muthoot (Joint Managing
Director), Mr. George Alexander Muthoot
(Managing Director), Mr. M.G. George
Muthoot (Chairman), Mr. K.P. Padmakumar
(Executive Director), Mr. George Jacob
Muthoot (Jt. Managing Director),
Mr. George Joseph (Independent Director),
Mr. John K Paul (Independent Director).
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Scholarship Launch Kerala
Muthoot Anbin Nizhal
Muthoot Finance Ltd. extended
its mobile laboratory services to
Tamil Nadu state. Through this
programme a fully equipped
mobile lab will travel to the
rural areas of Tamil Nadu and
conduct free blood & urine
check up for the prevention
and early detection of Kidney
related diseases. We have a
similar programme in Kerala.
Through this programme we have completed 222 programmes
Launch of Muthoot M George Excellence Award for all benefiting 22490 individuals as on November 2014.
Government Schools in Kerala was done by Mr. P.K. Abdu
Rabb, Minister of Education, Kerala, on 13th October, 2014 Umbrella Distribution
at Ernakulam Town Hall. Mr. George Alexander Muthoot,
Managing Director, Mr. George Thomas Muthoot, Jt.
Managing Director, Mr. K.P. Padmakumar, Executive Director,
The Muthoot Group, Mr. Tony Chammany, Hon’ble Mayor,
Corporation of Cochin, Rev. Fr. Thomas Vaikathparambil,
Director, Lissie Hospital Ernakulam, Ms. Subhadravally, DEO,
Ernakulam, Mr. Venugopal C Govind, Managing Partner, Varma
& Varma Chartered Accountants were present on this occasion.
Scholarship Launch Karnataka
School Bag Distribution
Launch
of
Muthoot
M George Excellence
Award for 400 students
in
Karnataka
was
done by Mr. George
M Alexander, Director,
The Muthoot Group along
with Dr. Manjunatha,
MLA-Mulbagal, Kolar Muthoot Finance Ltd. distributed umbrellas to students of
different schools in Kerala state.
(Karnataka).
Mr. George M Alexander,
Director, The Muthoot
Group
distributed
Uniform and School Bags
to the students of Govt.
Higher Primary School,
Binnamangala, Karnataka.
Distribution of ID cards
Water Purifier distribution at Madurai
Muthoot Group distributed Identity Card for the students
of Govt. LPS Varkala. The function was inaugurated by
Mr. George Jacob Muthoot, Jt. Managing Director,
The Muthoot Group.
Providing School Band Set
Muthoot Finance launched its new CSR initiative “Water
purifier for all Schools in Tamil Nadu”. Water purifier
distribution programme in Madurai was inaugurated by
Dr. L Subramaniyan, District collector, Madurai in the presence
of Mr. George Jacob Muthoot, Joint Managing Director, The
Muthoot Group. Mr. J Angelo Irudhyasamy, Chief Educational
Officer, Madurai, Mr. Babu John Malayil, Asst. General
Manager, Corporate Communications, Mr. V Suryanarayanan,
Regional Manager, Madurai, Muthoot Finance Ltd., were
present on this occasion.
Muthoot
Finance
Ltd.
provided School Band set
to St. Augustine school,
Ernakulam.
Mr. Babu
John Malayil, Asst. General
Manager,
Corporate
Communications,
Mr.
Aravindan, Chief Manager,
Muthoot Finance Ltd., Ms.
Moly Antony, Principal, St.
Augustine School, Ernakulam were present on this occasion.
02
Financial Literacy Programme
Muthoot Finance conducted Financial Literacy classes in Kolar
& Anekal (Karnataka).
Muthoot ATMs
The first Muthoot ATM at
Kollam.
Mr. George Thomas Muthoot,
Jt. Managing Director, The
Muthoot Group handed over
the prize to Jamal, Mahe
Cafe, Kottayam, who is the
winner of ATM contest for
the month of September.
Muthoot M George Excellence Award 2014
Mr. George Jacob
Muthoot, Jt. Managing
Director, The Muthoot
Group
distributed
Muthoot M George
Excellence
Awards
to ISE & ICSE toppers
of
Infant
Jesus
Anglo Indian Higher
Secondary
School,
Thangassery.
Mr.
Noushad, Deputy Mayor, Kollam, Mr. Babu John Malayil, Asst.
General Manager, Corporate Communications, The Muthoot
Group, Fr. Silvy Antony were present on this occasion.
Muthoot Global Money Transfer Services
launched in European Countries via web
portal www.rupee2india.eu
Diwali Celebration at Corporate Office North
Diwali Celebration at
Corporate Office North
was inaugurated by
Mr.
M.G.
George
Muthoot, Chairman
and Mr. Alexander
M George, Director, The
Muthoot Group.
Flagging off of the Muthoot Money
Transfer Special ‘Gold Dhamaka’ Campaign
Thomas Cook.
The Muthoot Global Money Transfer Ltd., a part of
Muthoot Global, the overseas arm of the Muthoot Group
launched it’s web portal www.rupee2india.eu for
European countries. The function was held at Fine Arts
India, Vienna, Austria. The website was inaugurated by
Mr. K.R. Bijimon, Chief Operating Officer, Muthoot Global
in presence of Hon’ble Minister Shri. A.P. Anil Kumar,
Minister for Welfare of Scheduled Castes & Backward
Classes and Tourism, Kerala, Mr. Bobby Varghese, Chief
Executive Officer – UK Operations, Muthoot Global
Money Transfer Pvt. Ltd. and other Senior Officials were
present during the occasion. The website will enable the
NRIs living in Austria, Italy and Germany to send money to
India very cost- effectively and swiftly.
Muthoot ATM in Medical
Centre Hospital, Ernakulam.
Muthoot Money Transfer
division launched a
special ‘Gold Dhamaka’
campaign
for
their
customers in Punjab
during
the
festive
season of Diwali. The
festival campaign was
launched in association
with Money Gram and
“Transformation of Muthoot
Travelsmart to Travel Jango”
Muthoot travelsmart
was
renamed
as
Travel Jango at a
function held at SCMS
Kalamassery on 10th
November, 2014 in
the presence of Mr.
George M George,
Executive
Director,
The Muthoot Group,
Mr. Sam Cawthorn,
Thought Leader and C.E.O., Empowering Enterprises &
Mr. Roger Xavier, G.M. – Operations, Travel Jango.
03
NABH Safe I Accreditation for MGM
Muthoot Medical Centre, Pathanamthitta
ISO 9001:2008 Quality Management
Certification for Muthoot Diagnostics
MGM Muthoot Medical Centre, Pathanamthitta
received the prestigious NABH Safe I Accreditation for its
commitment to unsurpassed quality of healthcare delivery
and compliance with the essential standards of Infection
Control.
Muthoot Diagnostics
an
enterprise
of
the
Muthoot
Healthcare division,
has been awarded
the ISO 9001:2008
certification by TUV
SUD, the German
accrediting agency.
Muthoot diagnostics
with 18 branches
in
South
and
Central Travancore offer quality laboratory and radiology
diagnostic services and is the largest radiology diagnostic
service provider in Kerala.
MMC, Pathanamthitta thus earns the distinction of being
the first hospital in Pathanamthitta District, 8th in Kerala
and 15th in India to achieve the accreditation. By upgrading
its infection control practices, the healthcare provider
has evidenced its zeal and responsibility to the public to
provide safe healthcare delivery across all spectrums.
Thyroid Camp
The Department of General
Surgery, Muthoot Medical
Centre,
Kozhencherry.
organized a Thyroid Detection
camp. Mr. Dileep Khan,
Circle Inspector of Police,
Kozhencherry, inaugurated the
camp.
L to R: Mr.Mathew Kurian, General Manager-Operations,
Dr.Mathew Tharian- Consultant ENT Surgeon, Dr.Cherian
Mathew,Chief Surgeon.
Walkathon-Healthcare walking the talk
Dr. Georgie Kurien Muthoot, Executive Director, Muthoot
Healthcare handed over the ISO Certificates to Col. (Retd)
Ravi Kumar Nair, Chief Operating Officer, Muthoot
Diagnostics.
Shri. Rajesh Kumar, Chief Finance Manager, Muthoot
Healthcare, Mrs. Marykutty V. Ninan, Quality Manager,
Muthoot Healthcare, Mr. Mathews John, Chief ManagerInternal Audit, Muthoot Healthcare attended the award
ceremony.
Muthoot
Healthcare,
Kozhencherry organized
The Walkathon during the
Obesity Awareness week
in October.
The walkathon was
flagged off by Mr. Aswith
S Karanmail, SI of Police,
Aranmula at the hospital campus. The 600 plus strong multi-departmental
Walkathon participants comprising Dr. Cherian Mathew, Chief Surgeon,
doctors, staff and students walked a course along the main roads of
Kozhencherry, visibly spreading awareness on the need to fight and
contain obesity.
New Specialty Department-Emergency Medicine
Focusing on the need to advance the ‘first response system’ and be better
equipped to handle emergencies, acute and non-acute problems, Muthoot
Healthcare has strode into the competitive field of Emergency Medicine.
The new Emergency Medicine department commenced its services
in August, under the expertise of Dr. Vivek R Rejathalal and Dr. Boney
Cherian, Specialists in Emergency Medicine.
The emergency medicine department plays a pivotal role in the integration
of emergency medical services and the coordination of inpatient as well
as outpatient care. This 24 hour service department provides a significant
amount of acute care treatment and management.
By providing collaborative and compassionate care to the full spectrum
of patients, this department offers its dedicated services to advancing
the health and wellness of the community. The department has already
undertaken efforts to integrate training into public service and educate
the community on various aspects of emergency medical care.
Infertility treatment for the
hopeful
Muthoot Healthcare and Bourne Hall
Clinic, UK, pioneers in the field of infertility
treatment, have signed a Memorandum
of Understanding (MoU) to establish
a framework to open a collaborative IVF
clinic at MGM Muthoot Medical Centre,
Kozhencherry.
The MOU was officially signed between
Mr. Gaurav Malhotra, CEO & MD, Bourn Hall
Clinic International and Dr. Georgie Kurien
Muthoot, Executive Director, Muthoot
Healthcare in the presence of other officials
of the two companies. The singularity of this
community oriented inspiring initiative in
this region will certainly prove to be a boon
to the many who seek treatment options for
infertility.
With the specialised services of UK trained
IVF specialists, Embryologists and the
Gynaecology department from Muthoot
Healthcare supporting this service, world
class IVF treatment with top notch facilities
and focused research will be available to the
suburban community.
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MITS outshines in the MG University Exam
for Semester I & II with an outstanding
84.56% pass percentage
The Muthoot Institute of Technology and Science (MITS), a
centre that excels in imparting education and research in
engineering and technology has attained the top position
in Semester I & II examination, in the very first attempt itself
amongst all the engineering colleges affiliated to the MG
University.
Obtaining a remarkable 84.56 pass percentage out of 272
examinees, this state of the art institute ranks first out of
the 43 competing engineering colleges affiliated under the
University.
The institute secured a top position in all the major subjects
scoring above 90% in the exam. The MITS students have
outshined with securing 100% in Chemistry, 97.8% in
Mathematics and Basic Civil Engineering, 97.4% in Basic
Mechanical Engineering, 95.6% in Basic Electrical Engineering,
94.6% in Engineering Mechanics, 94.5% in Engineering
Graphics and 93.0% in Electronics & Communication and
Information Technology.
Proposed CSR Activity for Andhra Pradesh,
Telangana, Chandigarh & Punjab
Swachh Bharat Abhiyan @ MITS
In the wake of Prime Minister
Narendra Modi’s Swachh
Bharat
Abhiyan
(Clean
India campaign) on Gandhi
Jayanthi, 2nd October 2014,
students of MITS volunteered
to clean the campus premises.
Physical Education Director
Mr. Eldho Joy coordinated
the programme.
ANNUAL DAY CELEBRATION
St. George’s School
Alaknanda
celebrated
the Annual day “FITNESS
MANTRA”
on
29th
November 2014 in the
school
premises.
The
day
highlighted
the
importance of exercise
and fitness in daily lives.
The objective was to
develop in the students a
sporting spirit and a venue to display their physical prowess.
Mr. M.G. George Muthoot, Chairman, The Muthoot Group,
His Grace Youhanon Mar Demetrios (Metropolitan Diocese
of Delhi) Mr. Pratip Chaudhari, Ex. Chairman, The State
Bank of India, were present on this occasion.
Indian Super
League
2014
‘‘The
Muthoot
Group Fair play
award” Trophy
for the Indian
Super
League
2014 was unveiled
at Constitutional
Club, New Delhi.
The ISL referee squad
mark their grand entry
before the match
commencement.
05
Muthoot Finance Healthy Wealthy
Kerala Road Show Flag Off
An inclusive ceremony for receiving the Kochi International
Half Marathon Torch at head office premises was held on
25.11.2014. The marathon torch was handed over by Mr. Tony
Chammany, Mayor, Corporation of Cochin along with Mr. M. G.
George Muthoot , Chairman, Mr. George Alexander Muthoot,
Managing Director, The Muthoot Group, Mr. George M
George, Executive Director, Muthoot Leisure & Hospitality, Mr.
Leno Jacob, Councillor, Cochin Corporation. The occasion was
graced with the presence of Ms. Manju Warrier, Cine actress.
Mr. K. P. Padmakumar, Executive Director, Mr. K. R. Bijimon,
Chief General Manager, Mr. Cherian Peter, Chief Marketing
Officer, The Muthoot Group were present on this occasion.
The company also undertook a unique promotional
campaign called “Healthy Wealthy Kerala” which will
focus on encouraging healthy lifestyle in everyday living. A
canter will travel in various towns and districts of Kerala and
conduct games related to Health.
Brand Ambassadors of Muthoot Finance
Cochin International Half Marathon 2014
Mr. George M Jacob (Director, The Muthoot Group), Mr.
K.P. Pamakumar (Executive Director, The Muthoot Group)
and other Senior officials along with brand ambassador Mr.
Harbhajan Singh and Mr. Mohanlal.
Congratulations
Mr. Alexander M George s/o Mr. M.G.
George Muthoot (Chairman, The Muthoot
Group) was appointed as a Director of the
Board of Directors of Muthoot Finance Ltd.
He completed his MBA from Thunderbird
University (USA) and an advanced diploma
in Business Administration from Florida International
University, Miami (USA). He has also served as the President
of Indian Subcontinent Club at Thunderbird
University and has been a member of
various committees at the university.
Ms. Pamela Anna Mathew
was appointed as the
Independent Director of
Muthoot Finance Ltd. She
holds a Post graduate degree
in Economics & Business
Administration from Kerala and
Cochin Universities.
Ms. Pamela Anna Mathew has over 40 years of experience
and is a leading industrialist in Kerala and is currently the
Managing Director of O/E/N India Limited.
She has been awarded the CII award for best Chairperson at
national level for outstanding contributions and has served as
Chairperson of social development & women empowerment
panel for southern region of CII for two consecutive years.
Mr. M.G. George Muthoot, Chairman, The Muthoot Group
receiving the award for Emerging Business Leader of the year
from Mr. Rajnath Singh, Minister of Home Affairs, Government
of India.
THE MUTHOOT GROUP
DIVISIONS
Financial Services | Hospitality | Real Estate
Education | Healthcare | IT | Media
Forex | Money Transfer | Wealth Management
Precious Metals | Power Generation
Travel Services | Securities Trading
Commodities & Currency Trading | Plantations
Vehicle & Assets Finance Ltd.
Customer Care Cell: 98470 91119. Tel: 0484 2396478, 2394712. Fax: 0484 2396506.
e-mail: mails@muthootgroup.com www.muthootgroup.com
Compiled & Published by Muthoot Group (A Muthoot M George Enterprise), for private circulation.
Corporate Office: Muthoot Chambers, Opp. Saritha Theatre Complex, Banerji Road, Kochi - 682 018, Kerala, India.
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English