MUTHOOT FINANCE Share price

Our Company was originally incorporated as a private limited company on March 14 1997 with the name "The Muthoot Finance Private Limited" under the Companies Act. Subsequently by fresh certificate of incorporation dated May 16 2007 our name was changed to "Muthoot Finance Private Limited". The Company was converted into a public limited company on November 18 2008 with the name "Muthoot Finance Limited" and received a fresh certificate of incorporation consequent upon change in status on December 02 2008 from the RoC.Merger with Muthoot Enterprises Private LimitedOur Company along with Muthoot Enterprises Private Limited filed a composite scheme of arrangement bearing C.P. Nos. 48 and 50 of 2004 under the Companies Act before the High Court of Kerala ("Scheme of Amalgamation"). The Scheme of Amalgamation was approved by the board of directors of our Company through the board resolution dated April 28 2004.Pursuant to the approval of the Scheme of Amalgamation by the High Court of Kerala by an order dated January 31 2005 Muthoot Enterprises Private Limited was merged with our Company with effect from March 22 2005 and the High Court of Kerala had instructed all the parties to comply with the statutory and other legal requirements to make the Scheme of Amalgamation effective.The company on March 22 2005 filed a certified copy of the order of the High Court of Kerala with the RoC.With the successful implementation of the Scheme of Amalgamation the undertaking of Muthoot Enterprises Private Limited along with its assets and liabilities was transferred to and vested in our Company.Key events milestones and achievementsYear2001RBI license obtained to function as an NBFC.2004Obtained highest rating of F1 from Fitch Ratings for short term debt of Rs. 200 million.2005Retail loan and debenture portfolio of the Company exceeds Rs. 500 million.Merger of Muthoot Enterprises Private Limited with the Company2006F1 rating obtained from Fitch Ratings affirmed with an enhanced short term debt of Rs. 400 million.2007Retail loan portfolio of the Company crosses Rs. 10 billion.RBI accords status of Systemically Important ND-NBFC.Branch network of the Company crosses 500 branches.Net owned funds of the Company crosses Rs. 1 billion.2008Net owned funds of the Company crosses Rs. 2 billion.Retail loan and debenture portfolio crosses Rs. 20 billion and Rs. 10 billion respectively.F1 rating obtained from Fitch Ratings affirmed with an enhanced short term debt of Rs. 800 million.Overall credit limits from lending banks crosses Rs. 5 billion.Conversion of the Company into a public limited company.Fresh RBI license obtained to function as an NBFC without accepting public deposits consequent to changein name..2009Retail loan and debenture portfolio crosses Rs. 30 billion and Rs. 15 billion respectively.Net owned funds of the Company crosses Rs. 3 billion.Gross annual income crosses Rs. 5 billion.Overall credit limits from lending banks crosses Rs. 10 billion.2010Retail loan and debenture portfolio crosses Rs. 50 billion and Rs. 20 billion respectively.Net owned funds of the Company crosses Rs. 4 billion.Overall credit limits from lending banks crosses Rs. 20 billion.ICRA assigns ?A1+? rating for short term debt of Rs. 2 billion.CRISIL assigns ?P1+? rating for short term debt of Rs. 4 billion.Branch network of the Company crosses 1000 branches.Demerger of the FM radio business into Muthoot Broadcasting Private Limited.Private equity investment of an aggregate of Rs. 1575.45 million from Matrix Partners India InvestmentsLLC and Baring India Private Equity Fund III Limited.Private equity investment of an aggregate of Rs. 425.83 million from Kotak India Private Equity Fund andKotak Investment Advisors Limited.