Muthoot Capital Services Ltd. Company Profile : Products,Promoters and Clients

Muthoot Capital Services Ltd.

Established in 1994, Muthoot Capital Services Ltd. is a leading Non-Banking Finance Company (NBFC) in India, promoted by the Muthoot Pappachan Group and registered with the Reserve Bank of India.The company offers a wide range of financial services to retail, corporate, and institutional customers through Muthoot FinCorp Ltd.'s extensive branch network. 

Specializing in automobile finance, Muthoot Capital provides Two Wheeler Loans, Used Car Loans, and Fixed Deposits, empowering customers to achieve their aspirations with comprehensive financial support and advice.

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Q1. What are the Product and service offerings of the Muthoot Capital Services ?

Muthoot Capital Services Ltd. offers a range of financial products:

Two Wheeler Loans: Easy financing for bikes and scooters, essential for city transportation.

Used Car Loans: Affordable loans for purchasing used cars, with a fully digital process, minimal eligibility requirements, competitive interest rates, and no collateral required.

Fixed Deposits: Short-term and long-term plans with monthly, annual, and maturity interest options, offering yields up to 9.91%, plus an extra 0.50% for senior citizens.

Secured Business Loans: Collateral-based loans with longer tenure and lower interest rates for businesses with limited track records and asset bases.

Subordinated Debts: Unsecured debts issued to enhance long-term resources, supporting vehicle financing and treated as part of Tier II capital.

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Q2. Who are the Promoters/Management of the Muthoot Capital Services ?

Mathews Markose is a seasoned banking professional with 26 years of expertise in Retail Liabilities, Branch Banking, Retail Assets, and SME businesses. He has worked with renowned institutions such as HSBC, ICICI Bank, Kotak Mahindra Bank, and ESAF Small Finance Bank before assuming the role of CEO at Muthoot Capital Services. 

His strengths lie in establishing businesses from scratch, fostering team synergy, designing products and processes, and ensuring compliance. With a focus on driving top-line growth and profitability, he adopts a collaborative management style, inspiring his team towards shared goals.

As CFO, Ramandeep Singh Gill is a dynamic Chartered Accountant with 11 years of experience in Financial Planning & Control, System Implementation, Treasury Management, Fund Management, Finalisation & Accounts, Learning & Development, NHB Re-financing, and People Management. He leads cross-functional teams with interactive and motivational leadership, ensuring excellent results. 

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Proficient in presenting accurate financial reports, analyzing expenditure, formulating budgets, conducting variance analysis, and implementing corrective actions. Skilled in monitoring business growth and motivating personnel to excel. Hands-on experience in ensuring compliance with Mortgage and Fixed Deposit accounting policies.

Ms. Umadevi Pazhoor Unnikrishnan serves as the Chief Risk Officer at Muthoot Capital Services Limited. With over 17 years of diverse experience in Retail and Corporate credit Management, Risk management, and Business planning, she is a qualified Chartered Accountant and Certified Associate of Indian Institute of Bankers. 

Previously, she held positions at Yes Bank Ltd, Dhanlaxmi Bank Ltd, Reliance Capital Ltd, and ICICI Bank Ltd. Known for her optimistic growth leadership, collaborative approach, and strong execution skills, she is recognized as a credible leader and banker.

Q3. Who are the Clients of the Muthoot Capital Services ?

Retail Portfolio Breakdown:

·        2W: 99%

·        4W: 0.5%

·        Other: 0.5%

Disbursement by Zone:

·        South: 53%

·        North: 18%

·        East: 17%

·        West: 13%

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