Latest news with #MuthootPappachanGroup
United News of India
28-05-2025
- Business
- United News of India
Muthoot FinCorp appoints Dr. Apoorva Javadekar as Chief Economist
Kochi, May 28 (UNI) Muthoot FinCorp, the flagship company of the 138-year-old business conglomerate Muthoot Pappachan Group, also known as Muthoot Blue, has announced the appointment of Dr. Apoorva Javadekar as Chief Economist. Dr. Javadekar is a distinguished economist whose career spans top-tier academic, research, and policy institutions. He has previously served as Assistant Professor of Finance at the Indian School of Business and as Research Director at CAFRAL, an institution promoted by the Reserve Bank of India. His research on Indian banking and international finance has shaped the RBI's internal discussions and has been featured in prestigious forums such as the IMF, Federal Reserve Bank, American Finance Association, and various ministries within the Indian government. He also served as a member of the Research Advisory Committee formed by SEBI. As Chief Economist, Dr. Javadekar will lead economic and market research, provide insights into household balance sheets and sectoral trends, and support data-driven decision-making across the Group's businesses. His leadership will be vital as Muthoot FinCorp deepens its commitment to financial inclusion, affordable credit, and customer-centric innovation. 'My focus will be on delivering data-driven, actionable economic insights to drive informed decision-making and fuel business growth. We aim to build a solid economic research program at Muthoot FinCorp to better understand Indian credit markets, the role of gold in the credit ecosystem, and Indian household balance sheets. We plan to partner with regulators and prominent academic institutions in doing so. I'm excited to contribute to Muthoot FinCorp's continued success and growth, building on its strong foundation and heritage,' Dr. Apoorva Javadekar said. UNI DS SSP
Hans India
28-05-2025
- Business
- Hans India
Muthoot FinCorp Net profit zooms 40% to `787.15 cr in FY25
Trivandrum: Muthoot FinCorp Limited, the flagship company of the 138-year-old Muthoot Pappachan Group, also known as Muthoot Blue, reported a net profit growth of 39.86 per cent for FY25, reaching Rs787.15 crore, up from Rs562.81 crore in FY24. Year-on-year (Y-O-Y) revenue stood at Rs5,550.53 crore, a 38.22 per cent increase from Rs4,015.77 crore. Disbursements for the year were Rs66,277.31 crore, reflecting a 32.11 per cent growth Y-O-Y. Revenue for the quarter reached Rs1,478.59 crore, marking a 23.49 per cent increase from Rs1,197.31 crore in Q4 FY24. Assets Under Management (AUM) stood at Rs32,055.17 crore, up 46.22 per cent from Rs21,922.70 crore in the same quarter of the previous year. The standalone net profit for the quarter was Rs191.67 crore, compared to Rs239.79 crore in Q4 FY24, while disbursements rose to `19,648.29 crore from Rs14,130.08 crore, a 39.05 per cent increase. Thomas John Muthoot, Chairman of Muthoot FinCorp Limited, said: 'FY25 has been a deeply fulfilling year for us. The 39.86 per cent growth in net profit and over 38 per cent increase in revenue are not just financial achievements—they reflect the enduring trust of our customers, the strength of our purpose, and the dedication of our Muthootians across India. As our non-gold portfolio continues to expand and more households benefit from our inclusive offerings, we remain firmly committed to transforming lives by improving their financial wellbeing.' The board of directors has also approved the raising of up to Rs8,000 crore through the issuance of Non-Convertible Debentures (NCDs), Subordinated Debt, Perpetual Debt, and Commercial Papers (CPs) during the current financial year, to support the company's growth and capital requirements.
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Business Standard
26-05-2025
- Business
- Business Standard
Muthoot FinCorp Q4 results: Profit dips 20% to ₹192 cr despite revenue rise
Muthoot FinCorp, a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025. The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24. The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement. Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added. For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24. At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year. The board has also approved a proposal to raise up to Rs 8,000 crore through non-convertible debentures (NCDs), subordinated debt, perpetual debt, and commercial papers (CPs) during the current financial year, to support the company's growth and capital requirements, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
26-05-2025
- Business
- Time of India
Muthoot FinCorp Q4 Results: Profit falls 20 pc to Rs 192 crore
Muthoot FinCorp , a group company of Muthoot Pappachan Group (Muthoot Blue), on Monday reported a 20 per cent decline in net profit to Rs 192 crore for the fourth quarter ended March 2025. The NBFC firm primarily in gold loans had earned a standalone net profit of Rs 240 crore in the January-March quarter of FY24. The revenue of the company during the quarter improved to Rs 1,479 crore from Rs 1,197 crore in the same quarter of the preceding fiscal, Muthoot FinCorp said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Killer New Honda CR-V Is Utter Perfection (Take A Look) TheFactualist Undo Assets Under Management (AUM) stood at Rs 32,055 crore, up 46 per cent from Rs 21,923 crore in the same quarter of the previous year, it added. For the entire financial year ended March 2025, the company reported a 40 per cent rise in standalone net profit to Rs 787 crore against Rs 563 crore in FY24. At the same time, revenue also increased to Rs 5,551 crore from Rs 4,016 crore in the preceding financial year. Live Events The board has also approved a proposal to raise up to Rs 8,000 crore through non-convertible debentures (NCDs), subordinated debt, perpetual debt, and commercial papers (CPs) during the current financial year, to support the company's growth and capital requirements, it said.
Fashion Network
15-05-2025
- Business
- Fashion Network
Muthoot Exim launches 46th Gold Point Centre in Serampore
Muthoot Pappachan Group's precious metals division Muthoot Exim has inaugurated its latest Gold Point Centre in Serampore, West Bengal. Located on the first floor of Puja Apartment on N S Avenue, the new facility is the company's third centre in the state and brings its pan-India total to 46. Now operational, the Serampore branch reinforces the company's focus on accessible and transparent gold recycling and buying services, the business announced in a press release. The centre offers immediate cash for gold valued up to Rs 10,000, while higher-value transactions are securely processed via IMPS, NEFT, or RTGS. Assessments are conducted by trained professionals using standardised procedures aimed at ensuring fairness and ease of transaction. 'Serampore is a place known for its history, and we are excited to be a part of its growth process," said Muthoot Exim's chief executive officer Keyur Shah in a press release. "With our new Muthoot Gold Point Centre here, our vision is to provide more than a service- establish a reliable place where people can make informed financial decisions with confidence.' Muthoot Exim began its Gold Point network in 2015 with a centre in Coimbatore and has since expanded to over 20 cities across India. 'The opening of our Serampore branch reaffirms our vision of being part of the day-to-day financial lives of individuals throughout India," said Muthoot Pappachan Group's executive director and Muthoot Exim's managing director Thomas Muthoot.
