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Muthoottu Mini Financiers, one of India’s leading NBFCs, has today reported strong profit growth of 103% quarter-on-quarter for the quarter that ended on June 30, 2023. Depicting a growing demand for gold loans in the market, Muthoottu Mini Financiers, which hails from the renowned Muthoottu family, also reported a robust quarter-on-quarter revenue growth, reporting a total revenue of INR 156.20 Crores during the quarter, compared to INR 114.07 Crores during the previous year Q1. ...
Muthoottu Mini Financiers reports 103% QoQ Profit Growth for Q1FY24
Hyderabad: Muthoottu Mini Financiers a.k.a Yellow Muthoottu, one of the leading NBFCs in India, has launched 11 new branches across Telangana and Andhra Pradesh in the second phase of their network expansion. The second phase of inauguration of 11 branches was done by Shri Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers. The company is set to inaugurate 19 additional branches before the end of January 2023. These launches is in line with the company’s geographical expansi...
Muthoottu Mini launches 50 new branches in Andhra Pradesh and Telangana in a single month as a part of geographical expansion
Mumbai: Muthoottu Mini Financiers, one of the leading NBFCs in India, commonly known as Yellow Muthoottu, launched its lucky draw contest today, as part of its Gold Loan Utsav. The initiative has been envisaged, to garner in-roads, to the common man. The contest has been launched as part of its customer-centric initiative. To be eligible for the lucky draw contest, customers need to take a gold loan or transfer their existing loan from any other financial institution. The consumer will hav...
Yellow Muthoottu launches a lucky draw as part of its Gold Loan Utsav
Kochi: Followed by the Care Ratings, India Ratings & Research has upgraded the ratings of NCD and bank loans of Muthoottu Mini Financiers' to BBB+ Stable. Stable asset quality despite Pandemic led challenges, improved profitability backed by better operational efficiency, ample liquidity, adequate capital buffers and long track record in the gold lending sector leveraged the progress. Muthoottu Mini has upgraded its ratings twice during this fiscal despite the adversities of Covid 19....
India Ratings upgrades Muthoottu Mini Financiers debts instruments Ratings
Muthoottu Mini Financiers Ltd extends its helping hand to ease oxygen shortage in hospitals Kochi, 15 May 2021: With the onset of the second wave of covid 19 virus in India, there is an exponential increase in the number of cases at the same time a major shortfall in the supply of oxygen. In this current scenario, Muthoottu Mini Financiers Ltd, one of India’s leading NBFCs, extends its helping hands to ease the problems of oxygen shortage in hospitals. Former Chief Minister of Ker...
Muthoottu Mini Financiers Ltd extends its helping hand to ease oxygen shortage in hospitals
Kochi, 18 January 2021: Muthoottu Mini Financiers Ltd, Non-Banking Finance Companies (NBFC) in India, announced that Mr P.E Mathai, former Chief Operating Officer (COO) of the company, has now been elevated as the Chief Executive Officer (CEO). The leadership commenced from January 1, 2021. Mr P.E Mathai said “I am truly honoured to take up this new role. This is a company that has stood the test of time by evolving its business strategies and offering to meet changing consum...
Muthoottu Mini Financiers Ltd elevates Mr P.E Mathai as its CEO
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