The company had first crossed the Rs 1 trillion valuation milestone on June 9, 2025, and added the next Rs 50,000 crore in market capitalisation within just five months, supported by consistent record-breaking business performance, historically strong profitability, and sustained growth momentum in its core gold-loan franchise. With this milestone, Muthoot Finance has emerged as the 59th largest company in India by market capitalisation, and 12th among listed financial services companies.

The company’s financial results for Q2 and H1 FY26 have reinforced this upward trajectory. Consolidated Loan Assets Under Management (AUM) rose to an all-time high of Rs 1.47 lakh crore as of September 30, 2025, up 42% year-on-year, driven predominantly by the strong performance of the gold-loan portfolio. Consolidated profit after tax for H1 FY26 surged 74% year-on-year, while standalone performance was also the highest ever, with standalone loan AUM increasing 47% year-on-year to Rs 1.32 lakh crore and standalone profit after tax rising 88% year-on-year to Rs 4,391 crore.

The total quantity of gold pledged as security increased to 209 tonnes from 199 tonnes a year earlier, and the group’s branch network expanded to 7,524 locations. The company’s capital position remained solid with a 20.89% Capital Adequacy Ratio, supported by stable asset quality and a strong liquidity position.

Commenting on the development, Mr. George Alexander Muthoot, Managing Director, said: “Crossing the Rs 1.5 trillion market-capitalisation mark is a significant validation of the strength and resilience of our business model. The sharp shareholder value creation in the past few months reflects the market’s recognition of our consistent growth in loan AUM, robust profitability and disciplined approach to gold jewelry-backed lending. This milestone reinforces the long-term trust that investors place in us, and we remain committed to building on this growth momentum through continued digital enhancement, branch expansion and sustained operational excellence. With record half-yearly performance, strong capitalisation and a robust demand outlook, the company remains well-positioned to sustain its growth trajectory through FY26 and beyond...”

The recent market re-rating also reflects the growing investor confidence in the company’s strategic direction. Muthoot Finance has received three major international rating upgrades in the past year. Fitch Ratings upgraded the company from BB to BB+ with a Stable outlook, Moody’s upgraded its long-term corporate family rating from Ba2 to Ba1 with a Stable outlook, and S&P Global Ratings upgraded its long-term issuer credit rating from BB/B to BB+/B with a Stable outlook. Together, these upgrades, along with the successful $600 million global bond issuance, further strengthen the company’s financial profile and reinforce its global standing.

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The issuance attracted strong global participation, with 36% of the funds coming from investors in Asia, 15% from EMEA, and 49% from the US. By investor type, 91% of the subscription came from fund and asset managers, 4% from private banks and banks, 4% from insurance companies, and the remaining 1% from other investors.

The fundraise, under USD2billion Global Medium-Term Note (GMTN) Programme, has been priced at 6.375% with a door-to-door tenor of 4.5 years and a weighted average life of 4 years. The notes are rated BB+ by S&P and Ba1 by Moody’s. This marks the fifth drawdown under the GMTN programme since May 2024, bringing the total funds raised via this route to USD 2 billion. This is the first issuance of Muthoot Finance following its rating upgrades by global credit rating agencies S&P Global in March 2025 and Moody’s in April 2025.

Mr. George Alexander Muthoot, Managing Director, Muthoot Finance, said: “The successful ECB highlights our robust growth strategy, governance practices and marks another step in our expansion journey. This issuance is part of our ongoing efforts to diversify funding sources and further strengthen our international fund raising profile. With the continued support of our partners and investors, we remain well-positioned to scale our lending activities in the gold loan sector, expand our presence across India, and contribute meaningfully to the country’s growth story.”

The issuance was managed by Deutsche Bank and Standard Chartered as Joint Global Coordinators and Bookrunners.

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·         Funds to fuel expansion into Tier 2 & Tier 3 cities, the next growth hubs

·         Strategic investments planned in technology, governance, risk, and talent for sustainable scale-up 

Bengaluru, 25, August 2025 – Muthoot Finance, India’s largest gold loan NBFC, has infused ₹200 crore into Muthoot Homefin (India) Ltd (MHIL), a wholly-owned housing finance subsidiary, for its expansion into more than 250 cities across India. This strategic investment comes at a time when Muthoot Homefin is witnessing strong business momentum and reflects its commitment to strengthen its presence in the affordable housing sector.

With this capital infusion, MHIL aims to scale its AUM over four-fold over the next five years and emerge as a formidable player in affordable housing finance, particularly across Tier 2 and Tier 3 markets. The company is also targeting a multi-year scale-up that focuses on expanding its pan-Indian footprint through sustainable and responsible growth.

Commenting on the development, Mr. George Alexander Muthoot, Managing Director of Muthoot Finance and sole shareholder of Muthoot Homefin, said: “This capital infusion by Muthoot Finance reflects our strong conviction in the fast-growing Indian economy and the critical role affordable housing will play in shaping India’s economic future. With the continued backing from Muthoot Finance, we are confident of scaling this business responsibly and sustainably. The strongest housing growth will come from India’s Tier 2 and Tier 3 cities, and this infusion equips us to deepen our presence in these markets while staying true to our mission of enabling dignified homeownership for first-time home buyers and self-employed customers.”

Over the last two years, Muthoot Homefin has seen its disbursements grow nearly 6x and Assets under Management (AUM) has doubled to ₹ 3,096 crore. The company’s branch network, manpower, and direct sourcing capabilities have scaled significantly, with a sharp focus on turnaround time, governance, and technology-led credit processes. The fresh funds will further enable Muthoot Homefin to strengthen its lending portfolio, deepen its footprint across underserved housing markets, and invest in digital infrastructure and talent.

“After the COVID-19 pandemic we have been strengthening systems, and sharpening execution. This investment is not just about growth, but about enabling the dream of homeownership for aspiring Indian families,” Mr. Alok Aggarwal, CEO of Muthoot Homefin added.

The roadmap includes a calibrated expansion of branches, sustained improvements in asset quality, and strategic investments in technology, talent, and risk frameworks – with the goal of delivering long-term shareholder value while staying true to its mission of enabling homeownership.

With this capital raise, Muthoot Homefin is poised to further elevate its market presence in the affordable housing finance segment, continuing its mission of enabling affordable homeownership for millions of aspiring Indian families.

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Abna’s confirmed race entries include: 10 km Elimination Track Race, 5 km Points Track Race, 10 km Points Road Race, 15 km Elimination Road Race, 3000 m Relay (Relay team to be finalized post current training camp). This marks another milestone in Abna’s meteoric rise, which has been powered by Muthoot Finance’s holistic CSR sponsorship. This covers monthly stipend, training, equipment, travel, accommodation, and support for state/national events, allowing her to focus entirely on her performance.

Since receiving this support, Abna’s career has witnessed a remarkable ascent. Apart from the World Skates Games in Italy (2024), she gave gold-studded performance at the district and state -level championships. Her consistent success led to podium finishes at the National Skating Championship. Most recently, she clinched three gold medals at the MG Inter-University Roller Skating Competition, further establishing her dominance. In 2025, she continued her winning streak with four gold medals at the 8th Ranking Roller Skating Championship in Kerala, excelling in the 10 km elimination track race, 5 km points track race, 10 km points road race, and 15 km elimination road race.

A second-year B.Com LLB student, Abna began skating in the fourth standard. Despite the lack of proper coaching facilities and skating tracks in Kerala, she pushed through with grit and support of her family. Her mother left her teaching job to accompany her for training and competitions, and her father, a former cricketer with the Kerala team, instilled in her a deep sporting spirit from a young age. She currently trains at YARS (Yashwanth’s Academy of Roller Skating) in Palakkad, clocking six hours of rigorous training every day across two sessions.

“My dream is to see the Indian flag fly because of me. The support from Muthoot Finance has not just given me financial backing but also immense motivation to believe in my potential. It is helping me dream bigger and push harder for my next medal,” said AA Abna, National Skater.

“We believe that sports can play a vital role in shaping character, instil discipline, and offer positive direction to youth. India is home to immense untapped sports talent at the grassroot level, and our CSR initiative is focused on identifying and nurturing that potential. Supporting Abna reaffirms our commitment to build an inclusive sports ecosystem that empowers athletes to rise against the odds,” said George Muthoot George, Deputy Managing Director of Muthoot Finance. Beyond individual sponsorships, Muthoot Finance’s CSR initiatives under sports promotion include infrastructure support for athletes, government institutions, provide assistance to para-athletes, sub-junior weightlifters, archery talents, and more.

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Bengaluru, April 3, 2025 – Moody’s Ratings in its press release has stated, inter alia, “The upgrade of Muthoot’s ratings reflects its strong credit profile, supported by its leading franchise and solid track record in the gold financing industry in India.

Muthoot’s strong operational controls and risk management practices in the gold financing portfolio support its growth and asset quality. Despite strong competition and aggressive lending practices by other banks and non-bank financial institutions, the company has maintained its underwriting standards resulting in consistent loan growth and stable asset quality.

Muthoot is most profitable among our rated Indian finance companies, and its profitability is a significant credit strength. Net income to average managed assets was strong at 4.9% in the nine months ended December 2024, supported by a high net interest margin and low credit costs on gold financing. The company’s superior profitability supports internal capitalization, reflected in its tangible common equity to total managed assets (TCE/TMA) of around 23.3% at the end of December 2024.”

George Alexander Muthoot, Managing Director, on this occasion, stated “We are pleased to announce that Moody’s Ratings has upgraded our long-term corporate family rating to Ba1 from Ba2. This upgrade signifies Moody’s confidence in our robust financial performance, strong asset quality, and resilient business model of The Muthoot Group. The Ba1 rating reflects Muthoot Finance’s consistent profitability, prudent risk management practices, and diversified funding profile. Our strong operational resilience, demonstrated by our ability to navigate challenging market conditions, has also been recognized by Moody’s Ratings. This credit rating upgrade is a testament to the dedication of our employees, the trust of our customers, and the support of our stakeholders. We remain committed to delivering sustainable growth, enhancing stakeholder value, and maintaining our position as a leader in the financial services industry.

We express our sincere gratitude to all our stakeholders for their unwavering support and belief in Muthoot Finance. We will continue to strive for excellence and uphold the highest standards of corporate governance and ethics.”

In addition, Muthoot Finance has also received an upgrade from S&P Global Ratings to ‘BB+’ with a ‘Stable’ outlook, further reinforcing its strong financial position and commitment to excellence in the financial services sector.

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Bengaluru, February 21, 2025 – After two highly successful seasons, Muthoot Finance, India’s largest gold loan NBFC, is back with Sunheri Soch Season-3, a powerful movement aimed at breaking myths around gold loans and inspiring millions. With the legendary Madhuri Dixit as the narrator, this season tells the extraordinary real-life success stories of Muthoot Finance customers who turned their gold into an engine of opportunity and financial independence.

Going live from February 24, 2025, across Radio City 91.1 FM and Mirchi 98.3 FM, the campaign will bring to life inspiring real-life customer testimonials, reinforcing the message that gold loans are not just about borrowing but about empowering dreams with dignity and pride.

Nationwide Impact with Regional Amplification

Taking the campaign to new heights, Sunheri Soch Season 3 will be promoted across 64 radio stations, amplified by more than 100 top RJs. To expand its regional reach, the campaign will feature influential voices such as RJ Raunac, Mr. Sudesh Bhosale, Mr. Manoj Joshi, and Mr. Jisshu Sengupta, who will narrate select stories in Hindi, Gujarati, Marathi, and Bengali.

Videos of these real-life customer testimonials will be widely shared over The Muthoot Group’s social media platforms. Customers can engage with the campaign through a dedicated landing page, www.sunherisoch.com , where they can watch, share, and participate in the Sunheri Soch movement.

Alexander George Muthoot, Joint Managing Director, The Muthoot Group, said:

“Gold is not just an asset—it’s a financial gateway to opportunity. Through Sunheri Soch Season 3, we celebrate the resilience of individuals who have transformed their lives by smartly availing gold loans with pride. At Muthoot Finance, our mission is to redefine gold financing as a trusted, responsible, and respectable financial solution that fuels aspirations across India. We want to make Sunheri Soch a movement which can help crores of Indians also transform their lives by availing a gold loan from us just like how many of our customers have done. Over 2.5 Lac customers script their success by visiting one of our 7000+ branches everyday. We want Sunheri Soch Season-3 to inspire crores of other Indians to also follow this golden journey of success and progress”

Abhinav Iyer, Senior General Manager – Marketing & Strategy, The Muthoot Group, added:

“Sunheri Soch Season-3 is very close to our heart because it required months of relentless effort, meticulous planning and so much detailing. Seasons 1 & 2 were hugely successful. Hence, we launched Season-3 in Q4 to end the financial year on a high note. Madhuri Ji’s narration has been exceptional and with the support of all RJs, Regional influencers, & all Partners we hope Sunheri Soch is able to shatter stereotypes and demonstrate how gold loans can be the perfect catalyst for success. At sunherisoch.com, we are creating a digital-first experience allowing audiences to listen and participate in the campaign by sharing their own success stories.”

Sunheri Soch – A Campaign with Real Impact

Sunheri Soch Season-3 is not just about inspiring narratives; it is a strategic initiative designed to drive real engagement and growth. As part of the campaign, 30 lucky winners will also be getting a chance to win 24 Carat gold coins under Sunheri Soch contest. A beautiful anthem has also been launched on this occasion: https://www.youtube.com/watch?v=W3qwlOu-_z8

With Sunheri Soch Season-3, Muthoot Finance continues to redefine gold loans as an instrument of empowerment, further reinforcing trust in ‘India’s No. 1 Most Trusted Financial Services Brand’ – a recognition bestowed by the prestigious Brand Trust Report – India Study.

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The Group celebrates 15 years of Muthoot M George Excellence Awards wherein they have benefitted 10,000 school students across the country

The post Muthoot Finance announces scholarships worth INR 1 Crore to support meritorious 8th and 9th grade students under Muthoot M George Excellence Awards appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, January 20, 2025:  Muthoot Finance Ltd (MFIN), India’s largest gold financing company in terms of loan portfolio, has continued its streak as the only gold loan NBFC named in RBI’s ‘Upper Layer’ list for three consecutive years. The company received the Upper Layer status for the first time in FY’23.

In Q2FY25, the company had crossed the historic milestone of ₹1 lakh crore in consolidated loan assets under management. In Q2 FY25, it recorded a net profit of ₹1,321 crore, registering a 21% year-on-year growth, and its total revenue from operations surged by 36.7% to ₹4,928.8 crore.

The Reserve Bank of India (RBI) classifies Non-Banking Financial Companies (NBFCs) into different layers based on their size (base layer, middle layer, and upper layer), activities, and risk levels under the Scale Based Regulation (SBR) framework. The Upper Layer comprise of those NBFCs which are specifically identified by the Reserve Bank as warranting enhanced regulatory requirement based on a set of parameters and scoring methodology.

George Alexander Muthoot, Managing Director, Muthoot Finance, said: “It is a matter of great pride for us that not only do we comply with the highest standards of regulatory compliance, as prescribed by the Reserve Bank of India (RBI), but have also consistently delivered strong business growth. As we move forward, Muthoot Finance remains committed to strengthening our leadership in the gold loan industry while broadening our portfolio with new products and services to meet the diverse financial needs of our customers. NBFCs are vital for the country’s growth as they enable financial inclusion for a large population who otherwise would not have easy access to credit. We are focused on addressing the needs of the MSME segment through a diverse set of product offerings. This is exemplified by the fact that 66% of women gold loan borrowers use the funds to support their small or micro businesses, which play a crucial role in driving economic development. We believe that we can continue our strong growth momentum and remain steadfast as an ‘Upper Layer NBFC’ for a decade or more”.

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Continuing the legacy since the inception of The Muthoot Group in 1887, uplifting the society and fostering sustainability are deeply ingrained in Muthoot Finance’s organizational DNA. The CSR initiatives were focused on offering holistic development by focusing on key areas such as healthcare, education, livelihood support, renewable energy, promoting sports talent, supporting artists of India, wildlife conservation and other infrastructural development. The initiatives were spread across all states and union territories.

Muthoot Finance’s CSR activities also align with almost 12 of the United Nations Sustainable Development Goals (UNSDGs), including UNSDG 1 (No Poverty), UNSDG 2 (Zero Hunger), UNSDG 3 (Good Health and Well-being), UNSDG 4 (Quality Education) amongst many others. With education as one of the primary focus area, the company is proud to report that about 75% of its CSR budget was spent on bridging the educational gap for talented yet underserved children in the country. The initiatives included construction of new academic institution infrastructure, donation of school stationery, construction and renovation of Smart Anganwadis, higher education scholarships amongst others. Almost, Rs. 10 crores were spent on supporting sports activities and sportsmen to represent India in global events. Muthoot Finance further extended its support to a plethora of species of flora and fauna at Tipeshwar Wildlife Sanctuary and Melghat Tiger Reserve by installing solar pumps. This helps in combating challenges posed by climate change and providing consistent water supply throughout the year.

Mr. George Muthoot George, Deputy Managing Director, Muthoot Finance, said, “As a strong believer of the values and ethos of The Muthoot Group of giving it back to society, we are happy that we were able to make a small difference at our end in FY24. Aligned with our three focus areas – Education, Healthcare, and Environment – we are emphasizing on multiple initiatives to lay the groundwork for solving a myriad of various issues. The key objective behind our CSR initiatives is to be a catalyst for social development, contributing to sustainable economic growth of India, and further creating an Atmanirbhar Bharat. As a trusted NBFC, we will continue to prioritize programs and initiatives to enhance economic and social well-being, striving for a harmonious balance between corporate practices and community welfare.”

Under the series of these initiatives, some notable activities included:

• Healthcare: Muthoot Finance aims to contribute significantly towards strengthening India’s healthcare framework. As part of its flagship healthcare initiative – Muthoot Snehashreya, Muthoot Finance touched the lives around one-lakh beneficiaries by helping them with prevention and early detection of kidney-related diseases, diabetes, and hypertension ailments. Additionally, on the account of World Tuberculosis Day, Muthoot Finance in association with Samartha Sahakari Trust and Primary Health Centre Ekkur distributed nutritional kits to various identified TB patients in the Mangalore region. The company celebrated World Health Day by offering free health checkups and medical kits to the people at the bottom of the pyramid. Further, the company also distributed bunker cots and bed mattresses along with pillows to Government Annai Sathya Orphanage Home in Madurai. Distributed advanced microscopes to multiple government hospitals in Madurai with an objective of supporting the National TB Elimination and Control Program.
• Education:  In association with Round Table India Association, established smart class facilities at seven identified Government Schools across Five Districts in TamilNadu benefitting more than 4000 students by radically improving their academic performance and enhancing the process of study. Provided Muthoot M George Higher Education Scholarship worth Rs. 10 crores to meritorious students pursuing professional degrees in MBBS, Engineering and BSc Nursing. In the 2023-24, Muthoot Finance recognised the academic achievements of more than a thousand students in 8th and 9th grade across key cities such as Bangalore, Chennai, Madurai, Mangalore, Mumbai, Delhi, Ernakulam, Kottayam and Alleppey. Muthoot Finance allocated more than Rs. 2 crores as part of school scholarships initiative.
• Promoting sports: This segment gained significant prominence during the year. The company provided financial backing to multiple young athletes including professional cyclist Mr. Sreenath Lakshmikanth, and Ms. Sini K Sebastian to represent the nation at various National and International Championships. Both of the athletes were able to achieve remarkable success at their respective events. Additionally, in association with FICCI, Muthoot Finance organized Corporate Sports Championship Kochi 2023 by bringing together over 20 leading corporate firms, including major players such as EY, TCS, Lulu Group, and Geojit Financial Services amongst others to foster sportsmanship and unity within the corporate sector. To support the future generation, Muthoot Finance has dedicated budgets for improvement of sports infrastructure of various schools and colleges across the country.
• Improving quality of life: As part of this initiative, Muthoot Finance distributed wheelchairs, battery-operated tricycles and other medical mobility aids and appliance to over 200 differently abled people.  It conducted across cities including Delhi, Dadar amongst others with an aim to support their livelihood and allowing them greater access to social life and community engagement. Built a Virtual Reality Interactive Therapy Unit (Blueroom/Sensory room) for the Centre for Empowerment and Enrichment (CEFEE) in Kerala to create equal opportunities for specially abled children. Sewing machines were donated to the persons with disability (hearing impaired) at Nandini Devi Special School for the Deaf & Blind Akhyam Kalyan Samiti Dhenkanal District, Odisha.
• Promoting arts and culture: Through our ‘Muthoot Snehasammanam’ initiative, the company supported 45 veteran artists who carry forward these unique cultural legacies since its inception in 2015. The programme provided essential financial assistance worth Rs. 27 Lakhs in FY24 and a cumulative spend of Rs. 70 Lakhs under this scheme so far.
• Sustainable Livelihood support: Successfully constructed and handed over the newest tranche of 14 houses under the CSR initiative of Muthoot Aashiyana Housing Project in the coastal suburb of Edavanakkad located in Kochi. Distributed fishing utensils to around 200 fisherwomen in Colachel, Kanyakumari District to improve their fishing activities, positively contributing to the socioeconomic development of the region.
• Environment: Installed solar pumps at Tipeshwar Wildlife Sanctuary and Melghat Tiger Reserve in collaboration with the Hope and Helping Hand Society NGO to safeguard natural ecosystems and wildlife habitats. Established a 25 KWp solar power plant in Kerala Museum to preserve the environment through sustainable manufacturing practices. Solar energy is contributing to 50% of the museum’s electricity requirements and is helping in saving Rs. 5 Lakhs every year. Set up a Bio Medical Waste Storage Room at Government Hospital, Madurai District to enable the hospital to effectively store, segregate and manage the bio waste accumulated on a daily basis.

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Chennai, August 28, 2023: Muthoot Finance, India’s leading gold loan NBFC recognizes the unwavering commitment and contribution of healthcare professionals, and humbly felicitates them with the Muthoot Golden Award for Medical Excellence 2023, in association with Indian Medical Association – Tambaram Branch (IMA). As part of the Continuing Medical Education (CME) meeting in IMA, Muthoot Finance conferred Muthoot Golden Award to 60 doctors and 10 nurses in the medical fraternity on 27 August, 2023 at 7:30 pm.

For several years, Muthoot Finance has been relentlessly committed to societal welfare that goes far beyond financial services. In alignment with the recent Indian Government’s initiative and vision of ‘Heal by India’, we aim to recognize the contribution of our healthcare workforce and medical practitioners including doctors, nurses, and other care workers under. The Muthoot Golden Award for Medical Excellence is a key initiative undertaken by Muthoot Finance focusing on continuing medical education, and aligning with the Government’s aim to build a solid healthcare foundation in the country.

The Medical Excellence Award function was graced by Dr. K. M. Abul Hassan, State President Elect, IMA- Tamil Nadu State Branch – 2024, Dr. V. N. Alaguvenkatesan, Hon. State Treasurer, IMA – Tamil Nadu State Branch and Capt. Dr. G Raghavelu, Past President – IMA – Tamil Nadu State Branch, who addressed the august gathering. Other dignitaries present at the event were Dr. Umaiyal Murugesan, President, IMA- Tambaram Branch, Dr. Sai Meenakshi T N, Honorary Secretary, IMA- Tambaram Branch, Dr. Jamuna Rani S, Honorary Treasurer, IMA- Tambaram Branch, and Mr. Vigneshwaran, Regional Manager Chennai Central Region, Muthoot Finance.

Expressing his gratitude to healthcare professionals, Mr. George Alexander Muthoot, Managing Director, Muthoot Finance said, “The medical fraternity has been the backbone of Indian society and they continue to play an exemplary role in serving the nation. They worked relentlessly and selflessly during the recent pandemic saving lives of millions. The Muthoot Golden Award for Medical Excellence 2023 is a small token of appreciation and immense gratitude for the Indian healthcare fraternity for their selfless service and contribution towards the nation. We take immense pride in recognizing the unwavering compassion and dedication of our healthcare professionals, and we are happy to have organized the Medical Excellence Award to felicitate their exemplary work. Our partnership with the Indian Median Association reflects our shared values to foster a global healthcare community and dedication towards societal wellbeing and development. We respect the great work done by healthcare professionals, and acknowledge the crucial role they play in taking medical advancements at the grassroot levels.”

Speaking on the occasion, Dr. K. M. Abul Hassan, State President Elect, IMA- Tamil Nadu State Branch said, “The medical fraternity has worked relentlessly and dedicated their lives to serve people across communities. Their compassion to serve humanity continues to encourage and uplift us. We are humbled and proud to honor them with the Medical Excellence Award, and celebrate the remarkable contribution of these healthcare professionals who have made significant impact not just in the medical field, but also our lives. I, further, applaud this initiative taken forward by Muthoot Finance to put in collaborative efforts to uplift the society.”

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