The issuance will be undertaken in two phases, with Rs 225 crore each to be raised in December 2025 and January 2026, across six tranches of Rs 75 crore each. The NCDs are rated “CRISIL A+/Positive”, reflecting adequate safety, low credit risk, and the potential for a rating upgrade.

Available in denominations of Rs 10,000 and Rs 1,00,000, the instruments carry 24-month and 36-month tenures with monthly interest pay-outs, providing predictable cash flows for institutional investors. The NCDs are secured by an exclusive first-ranking charge over the Company’s receivables with a 1.05x security cover, backed by present and future unencumbered assets.

This issuance is expected to strengthen Muthoot Microfin’s medium-term capital base and enhance its lending capacity in the microfinance sector. The funds will support the Company’s pan-India expansion, while reinforcing its focus on building a more resilient financial foundation. As part of its forward-looking strategy, the Company is also set to roll out new initiatives, including expanding its participation in capital market funding, aimed at accelerating growth in an increasingly competitive environment.

The NCDs will be listed on BSE in December 2025 and January 2026, enabling liquidity for investors. KFin Technologies Limited will serve as registrar. Interest payments will be subject to TDS under Section 193 of the Income Tax Act. The issuance underscores Muthoot Microfin’s commitment to strengthening its balance sheet while advancing financial inclusion nationwide.

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Bengaluru, March 18, 2025: Muthoot Microfin, a leading microfinance institution committed to women’s empowerment, successfully conducted an online workshop on March 7th and 10th, 2025, focusing on cervical cancer awareness and menstrual health. The initiative reached over 850 attendees across Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra, Karnataka, Odisha, West Bengal, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Punjab, Rajasthan, and Uttar Pradesh and Puducherry.

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Bengaluru, March 05, 2025: Muthoot Microfin (NSE: MUTHOOTMF BSE: 544055), a leading microfinance institution, has received approval to conduct Aadhaar enabled e-KYC for customer onboarding. With this milestone, the company is set to introduce fully digital e-KYC, enabling a seamless and paperless onboarding experience for rural women entrepreneurs, Joint-Lending Groups (JLGs), and other underserved communities across India.

With the e-KYC license in place, Muthoot Microfin will soon roll out a faster, more secure digital onboarding process, leveraging Aadhaar-based authentication, biometric verification, and OTP-based validation. By ensuring accurate customer identification, e-KYC serves as a crucial solution to the growing issue of overleveraging in the microfinance sector, helping lenders assess borrower exposure more effectively and mitigate financial risks. This initiative will eliminate manual documentation, ensuring a streamlined process while reinforcing compliance and data security.

The e-KYC initiative is designed to address key challenges faced by rural communities, such as limited access to financial services, time-consuming onboarding, and identity verification barriers. As part of the rollout, the company will also introduce financial literacy initiatives in regional languages to help customers navigate digital financial services with confidence.

The nationwide implementation of e-KYC will cover all states where Muthoot Microfin operates, ensuring inclusivity. Once launched, customers will be able to onboard digitally and gain access to a wide range of financial products, including microloans and insurance, fostering economic self-sufficiency.

Commenting on this significant move, Mr. Sadaf Sayeed, CEO of Muthoot Microfin, said, “We are committed to making financial services more accessible, secure, and efficient for rural communities. Securing the e-KYC license is a critical step in our journey toward greater financial inclusion. By embracing digital advancements, we aim to remove barriers that have traditionally limit financial access, ensuring that even the most remote communities can benefit from a from a streamlined and secure financial journey.”

As the financial landscape evolves, Muthoot Microfin remains committed to embracing technology-driven solutions that enhance customer experience and operational efficiency. As on 31^st December 2024, the Company operated in 20 states, having a presence in 379 districts with 1,651 branches spread across the country.

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Bengaluru, 4^th December 2024: Muthoot Microfin (NSE: MUTHOOTMF, BSE: 544055), a leading microfinance institution headquartered in Kerala, has announced its third interest rate reduction of the year, furthering its goal of making financial services more accessible and affordable. The microfinance institution has reduced lending rates by 25 bps for income-generating loans (IGL) and by 125 bps for third-party product loans (TPP).

The latest rate cut follows earlier reductions of 55 bps in January 2024 and 35 bps in July 2024, underscoring Muthoot Microfin’s commitment to passing on the benefits of reduced funding costs to its borrowers. The new interest rate for IGL is 23.05% and for TPP is 22.70%. These revised rates will be applicable for loans sanctioned from 3^rd December 2024.

Commenting on this development, Mr. Sadaf Sayeed, CEO, Muthoot Microfin, said, “This latest rate reduction demonstrates our focus on fostering long-term economic growth and making formal credit accessible. By reducing borrowing costs, we envision an even greater impact on rural entrepreneurship and women’s empowerment in the coming years. With such borrower-first initiatives, Muthoot Microfin aims to remain at the forefront of making affordable credit solutions accessible to underserved communities.”

Mr. Thomas Muthoot, MD, Muthoot Microfin, added, “Our commitment to financial inclusion goes hand in hand with innovation and operational excellence. These rate cuts reaffirm our long-term strategy of empowering our customers and driving transformative change in the microfinance sector.”

Muthoot Microfin currently serves 3.4 million active customers through 1,593 branches across 20 states and 369 districts, reinforcing its position as a leading player in the microfinance sector.

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Bengaluru, September 09, 2024: In a pursuit to create formal employment opportunities, Muthoot Microfin (NSE: MUTHOOTMF BSE: 544055) has launched an exclusive Job Fair, spanning 29 locations across 13 states.g microfinance institution announced this initiative as part of its commitment to supporting the local and rural economy by reducing unemployment rates and fostering economic development nationwide.

Muthoot Microfin successfully conducted Job Fairs across several key states, including Bihar, Uttar Pradesh, Punjab, Haryana, Kerala, Maharashtra, Odisha, and Rajasthan. The events attracted an overwhelming response, with over 3,000 job seekers participating, enabling them to connect and interact directly under a single platform.

Through this initiative, the company plans to hire 1500+ individuals, for various roles in Operations, including Relationship Officers, Field Officers, Branch Relationship Managers, and Branch Credit Managers. These opportunities are open to fresh graduates, experienced professionals, and women from rural areas. Selected candidates will receive offer letters on the same day, expediting their entry into the formal workforce.

Mr. Sadaf Sayeed, CEO, Muthoot Microfin stated, “Our Job Fair is not just a recruitment drive: it is a testament to our commitment to empowering rural India. It aligns with the recent Budget 2024-25 priorities under the ‘Viksit Bharat’ initiative, emphasizing employment and skilling. Muthoot Microfin is leveraging the PM’s package schemes to incentivize fresh talent acquisition and support formal employment. This initiative helps us to encourage new hiring, promote formal employment, and support youth skilling.” 

Continuing its mission, Muthoot Microfin will be hosting Job Fairs in Tamil Nadu during September. These will begin in Tiruppur, Pudukkottai, Erode, Manapparai, Thiruvarur, Chengalpattu,Tirunelveli, Tiruvannamalai on September 9, followed by Ariyalur, Vadalur, Virudhunagar, Nagercoil, on September 10, 2024.

Looking ahead, Muthoot Microfin plans to expand their employment initiatives to additional states in the coming months, further strengthening its commitment to addressing unemployment and fostering economic growth across India. This job fair is also a key component aiming to uplift communities through employment, education, and economic empowerment.

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Commenting on this significant move, Mr. Sadaf Sayeed, CEO of Muthoot Microfin, said, “Muthoot Microfin being a customer-centric microfinance lender continues to share the benefit of efficiencies in Cost of Fund (CoF) with its borrowers. In recent months we have been able to raise debt at a very competitive rate, domestic as well as international lenders, who have participated in our ECB fundraise, have shown great confidence in the performance of our company and have offered us long-term funds at a very competitive rate. As a result, we have been able to pass the benefit of cheaper cost of funds to our new borrowers, all this while keeping our NIM intact.”

The company has shown tremendous growth with Asset Under Management (AUM) growing Rs. 12,193 crore in Mar ‘24 from Rs. 9,804 crore in Mar ‘23. Meanwhile, the asset quality has remained robust with Gross Non- Performing assets (GNPA) of 2.29% as of March ‘24, a 68 bps reduction of GNPA from 2.97% in Mar ‘23. Net NPA of 0.35% in March ‘24 vs. 0.60% in March 23. The company maintains a healthy capital adequacy ratio of 29% as of March, this was aided by record profits of Rs 449 crore in FY24 and Capital raised via a successful IPO in December 2023.

Mr. Thomas Muthoot, MD, Muthoot Microfin, added, “Muthoot Microfin will continue to focus on financial inclusion and empowering its customers by imparting digital & financial literacy. We have always endeavoured to provide best-in-class services to our clients, we will continue to innovate and provide the best financial services products to suit our customer needs. We will continue to expand our reach and add more customers to our Muthoot Pappachan Group network”.

Muthoot Microfin currently operates in 19 states having a presence in 357 districts with 1508 branches spread across the country. Muthoot Microfin branch network serves 33.5 lakh clients living in rural parts of the country.

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This license strengthens Muthoot Microfin’s commitment to financial inclusion by providing insurance coverage that addresses the risks faced by the most vulnerable segments of society. By offering cover for natural calamities and medical emergencies in addition to life insurance, Muthoot Microfin ensures a holistic approach to its customers’ financial security. This initiative stems from Muthoot Microfin’s customer-first approach, which allows the company to offer both financial and insurance solutions under one roof to its 3.35 million customers.

The corporate agent license will help Muthoot Microfin negotiate better with insurance partners and customize products to suit the needs of its BOP (Bottom of the Pyramid) customers in rural and semi-urban areas across India. With this new license, Muthoot Microfin can offer the right insurance products to its customers while augmenting its sources of revenue and earnings.

Commenting on this strategic move, Mr. Sadaf Sayeed, CEO, Muthoot Microfin, said, “At Muthoot Microfin, we are always seeking new avenues to better serve our microfinance customers. This development with IRDAI empowers us to bridge the protection gap for our microfinance customers. We can utilize our network of 1,508 branches spread across 19 states to reach out to 3.35 million customers. This extensive reach can be achieved without any additional expenditure. It also provides us with the opportunity to earn additional revenue in the form of commissions, which will directly contribute to our bottom line and improve our ROAs.”

This development will provide Muthoot Microfin’s customers with access to affordable insurance coverage, encompassing health, life, and general insurance. It reinforces the NBFC-MFI’s dedication to financial inclusion by delivering a broad range of financial products that protect our customers’ well-being and enable them to reach their long-term objectives.

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