The initiative is aimed at strengthening better waste management, cleaner public transportation, and greater public awareness of environmental responsibility and hygiene in Kerala’s public transportation ecosystem. Of these, 2,000 dustbins have been allocated to KSRTC buses and 600 to bus stations across the state.

In addition to launching a number of KSRTC-led infrastructure projects, the contribution was formally recognized on June 28, 2025, at an event hosted at the KSRTC Bus Station in Pathanapuram. Senior KSRTC officials, local leaders, Kerala’s Honorable Transport Minister, Shri. K. B. Ganesh Kumar, Shri Sreejith C.U., Senior Zonal Manager, Muthoottu Mini Financiers, and Shri I.S. Pradeep, and AVP – Marketing & Sales, Muthoottu Mini Financiers graced the occasion.

This collaboration reflects Muthoottu Mini’s increasing focus on socially conscious business practices, especially in the areas of cleanliness, environmental sustainability, and community involvement. Additionally, KSRTC’s e-Office system, a new Garage Shed, and Millet Garden were inaugurated during the event. These initiatives support digitization, better public transportation, and sustainable food practices.

Commenting on the initiative, Mr. P. E. Mathai, Chief Executive Officer, Muthoottu Mini Financiers Ltd., said, “At Muthoottu Mini, we believe that our place in society is not solely determined by our financial services. We also want to create communities that are healthier, cleaner, and more accountable. Our dedication to sustainability and public welfare, especially in areas that have a direct influence on day-to-day living, is demonstrated by this project with KSRTC. With this initiative, we hope that millions of commuters have a cleaner travel experience and set an example for how companies can have a significant social impact.”

As part of its broader CSR commitment, Muthoottu Mini Financiers, has also undertaken an extensive distribution of school supplies including notebooks, umbrellas, school bags, and kits — benefiting approximately 25,000 underprivileged children across different locations in India. In addition, the company gifted a motorized wheelchair to a deserving law college student, aiming to support inclusive education. These activities reflect the company’s focus on nurturing the younger generation and enabling them to pursue their educational aspirations with greater ease and confidence.

Further, Muthoottu Mini has extended support to the farming community by distributing fertilizers and milk containers to around 1,000 farmers, aimed at boosting agricultural productivity. The company has also empowered more than 1,000 individuals by providing sewing machines and bicycles, equipping them with tools for self-employment and livelihood enhancement. These CSR initiatives have been carried out across various regions, including Bangalore, Tamil Nadu, Delhi, and Mumbai, reinforcing Muthoottu Mini’s deep-rooted commitment to social upliftment and empowerment.

Muthoottu Mini Financiers Ltd. operates through 950+ branches across 10 states and 2 union territories, serving a customer base of over 2.5 million+, supported by a team of 5,000+ employees. The company continues to actively invest in CSR initiatives that align with its mission of empowering communities beyond financial services.

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Bengaluru, April 22, 2025: Muthoottu Mini Financiers Limited (Muthoottu Mini Financiers), has announced the launch of a public issue of its secured, redeemable non-convertible debentures (“NCDs”) with a face value of ₹1,000 each. The issue comprises a base size of ₹100 crore with an option to retain over-subscription up to ₹100 crore, aggregating to a total of ₹200 crore.

The NCD issue opens on Wednesday, April 23, 2025, and is scheduled to close on Wednesday, May 7, 2025*, with the possibility of early closure as may be determined by the Board of Directors of the Company or the Debenture Committee, subject to requisite approvals and in accordance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The NCDs are proposed to be listed on BSE Limited, which will serve as the designated stock exchange for the issue.

Muthoottu Mini Financiers’ NCDs will offer effective annualised interest rates ranging from 9.50% to 10.75%, under its Series II to Series VI, depending on the tenor selected.** Tenor options include 18 months under Series I with cumulative interest payment, 24 months under Series II with monthly interest payment, 36 months under Series III with monthly interest payment, 48 months under Series IV with monthly interest payment, 60 months under Series V with monthly interest payment and 60 months under Series VI with annual interest payment. Proceeds from the issue will be deployed toward onward lending, repayment or prepayment of principal and interest on existing borrowings, and for general corporate purposes.

The NCD issue has been rated ‘ICRA A (Stable)’ by ICRA Limited which rating shall remain valid on date of the issue and allotment of the NCDs.

With its registered and corporate office at 65/623-K, Muthoottu Royal Towers, Kaloor, Kochi, Kerala, Muthoottu Mini Financiers provides a variety of gold loan schemes to suit customers individual needs. The company’s core business focuses on gold loans, whereby the customers  pledge their gold ornaments and its technology helps reduce the time it takes to complete gold loan transactions. Beyond gold loans, Muthoottu Mini Financiers also offers other financial services such as insurance agent services, money transfer services, and depository participant services. Muthoottu Mini Financiers also extends microfinance loans, primarily targeting women-led joint liability groups in rural and semi-urban areas of Kerala.

As of December 31, 2024, Muthoottu Mini Financiers operates through a network of 921 branches across 10 states and the union territories of Delhi and Puducherry, serving a customer base that continues to grow. As on December 31, 2024, the Company had 5,335 employees.

Over the past three fiscal years (commencing from 2022 till 2024), Muthoottu Mini Financiers has demonstrated growth in both its Assets Under Management (AUM) and Profit After Tax (PAT). As on December 31, 2024, the Company maintained 5,98,002 gold loan accounts aggregating to 3,51,650.71 lakh and 84,003 microfinance loan accounts , aggregating to ₹ 29,618.21 lakh.

The company has also satisfied the minimum capital adequacy ratios prescribed by RBI, with  capital to risk weighted adequacy ratio (CRAR) standing at 23.53%, 23.86%, 22.81% and 21.65% as of December 31, 2024, March 31, 2024, March 31, 2023 and March 31, 2022, respectively. The Gross Non-Performing Assets (GNPA) remained at 0.61% in FY 2022, 0.43% in FY 2023, 0.88% in FY 2024 and 1.22% in December 31, 2024.

The post Muthoottu Mini Financiers Announces Public Issue of Secured Non-Convertible Debentures to Raise up to ₹200 Crore appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Kochi, 02 April 2025: Muthoottu Mini Financiers Ltd., one of India’s leading NBFCs popularly known as Muthoottu Yellow, today announced that ICRA Ratings has assigned a credit rating of [ICRA] ‘A Stable’ for its Long term borrowings. The company’s long term facilities were earlier rated as CARE A-; Stable and IND A-/ Stable respectively by CARE Ratings Limited and India Ratings and Research Private Limited. The upgrade in rating from a forefront credit rating agency like ICRA Ratings Limited reflects MMFL’s consistent financial performance, robust asset quality, and scalable operations across India.

During the first nine months of the financial year, from April-December 2024, the company reported strong financial growth, with PBT rising by 20.50% to ₹103.84 crore from ₹86.18 crore in the same period last year. Profit After Tax (PAT) during the same period also saw a significant increase of 24.35%, reaching ₹74.66 crore compared to ₹60.04 crore in the previous year. Additionally, the company maintained a robust asset quality, with Net NPA at a low level of 0.77% during the period, highlighting its robust risk management framework.

Muthoottu Mini Financiers’ Assets Under Management (AUM) – is expected to reach ₹4,200 crore by the end of the FY25, reflecting the company’s steady growth while balancing expansion and risk management responsibly.

Mr. Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers Ltd., stated, “The ICRA rating upgrade is a testament to our commitment and focus on financial prudence and sustainable growth. Our performance in Q3 FY25, marked by robust revenue and profitability metrics, underscores our ability to deliver value even in dynamic market conditions. We remain committed to expanding our reach while ensuring operational excellency.”

Mr. P.E Mathai, CEO, Muthoottu Mini Financiers Ltd added “The significant growth of PAT and improvement in PBT reflect our operational efficiency and strategic investments in technology and talent. The credit rating upgrade by ICRA further validates our financial stability and disciplined approach to growth. As we deepen our presence in Tier 2 and Tier 3 cities, maintaining asset quality and customer trust remains paramount.”

MMFL’s network spans 948 branches across 12 states, including Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, Uttar Pradesh, Goa, and Puducherry. Supported by over 5,000 employees, the company continues to bridge financial inclusion gaps in underserved regions.

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Bengaluru, 01 April 2025: Muthoottu Mini Financiers Ltd., one of India’s leading NBFCs popularly known as Muthoottu Yellow, today announced that ICRA Ratings has assigned a credit rating of [ICRA] ‘A Stable’ for its Long term borrowings. The company’s long term facilities were earlier rated as CARE A-; Stable and IND A-/ Stable respectively by CARE Ratings Limited and India Ratings and Research Private Limited. The upgrade in rating from a forefront credit rating agency like ICRA Ratings Limited reflects MMFL’s consistent financial performance, robust asset quality, and scalable operations across India.

During the first nine months of the financial year, from April-December 2024, the company reported strong financial growth, with PBT rising by 20.50% to ₹103.84 crore from ₹86.18 crore in the same period last year. Profit After Tax (PAT) during the same period also saw a significant increase of 24.35%, reaching ₹74.66 crore compared to ₹60.04 crore in the previous year. Additionally, the company maintained a robust asset quality, with Net NPA at a low level of 0.77% during the period, highlighting its robust risk management framework.

Muthoottu Mini Financiers’ Assets Under Management (AUM) – is expected to reach ₹4,200 crore by the end of the FY25, reflecting the company’s steady growth while balancing expansion and risk management responsibly.

Mr. Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers Ltd., stated, “The ICRA rating upgrade is a testament to our commitment and focus on financial prudence and sustainable growth. Our performance in Q3 FY25, marked by robust revenue and profitability metrics, underscores our ability to deliver value even in dynamic market conditions. We remain committed to expanding our reach while ensuring operational excellency.”

Mr. P.E Mathai, CEO, Muthoottu Mini Financiers Ltd added “The significant growth of PAT and improvement in PBT reflect our operational efficiency and strategic investments in technology and talent. The credit rating upgrade by ICRA further validates our financial stability and disciplined approach to growth. As we deepen our presence in Tier 2 and Tier 3 cities, maintaining asset quality and customer trust remains paramount.”

MMFL’s network spans 948 branches across 12 states, including Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, Uttar Pradesh, Goa, and Puducherry. Supported by over 5,000 employees, the company continues to bridge financial inclusion gaps in underserved regions.

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During the first nine months of the financial year, from April-December 2024, the company reported strong financial growth, with PBT rising by 20.50% to ₹103.84 crore from ₹86.18 crore in the same period last year. Profit After Tax (PAT) during the same period also saw a significant increase of 24.35%, reaching ₹74.66 crore compared to ₹60.04 crore in the previous year. Additionally, the company maintained a robust asset quality, with Net NPA at a low level of 0.77% during the period, reflecting the company’s strong risk management practices.

The company also registered a strong Assets under Management (AUM) growth, with the total loan portfolio at ₹3,816 crore as on December 31, 2024, while maintaining robust asset quality with net non-performing assets at 0.77% during the first nine months of FY25.

Commenting on the strong results, Mr. Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers, said, “We are proud to report yet another quarter of consistent growth, which reflects the strength of our brand and the trust of our customers. The increasing popularity of gold loans as a reliable and accessible financial solution continues to drive our growth trajectory. We remain committed to providing the best-in-class services to our customers and look forward to further enhancing our footprint across the nation.”

Mr. P E Mathai, Chief Executive Officer, Muthoottu Mini Financiers, added, “Our strong revenue and PAT growth in FY25 clearly demonstrate the impact of our strategic initiatives and operational efficiencies, as we expand our branch network and improve our digital initiatives, we are well-positioned to build on this momentum and deliver sustained growth in the coming years. The impressive year-on-year improvements in our profitability metrics during the quarter set a solid foundation for our future growth. We remain dedicated to further enhancing our financial performance while expanding our customer base and market reach.”

Muthoottu Mini Financiers currently operates through 920+ branches across 10 states and union territories of Delhi and Puducherry, in India, serving 25 lakhs plus customers as of December 2024. With a workforce of 5,000+ employees, the company continues to expand its presence, particularly in rural and semi-urban areas.

The post Muthoottu Mini Financiers Reports a PBT of ₹103.83 Cr during 9M FY25; Maintains Low NPA appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.