Muthoot Microfin Share price

The Company was incorporated as ‘Panchratna Stock and Investment Consultancy Services Private Limited’ on April 6 1992 at Mumbai Maharashtra India as a private limited company under the Companies Act 1956. Thereafter the Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders on April 30 1994 and consequently the name of the Company was changed to ‘Panchratna Stock and Investment Consultancy Services Limited’. A fresh certificate of change of name consequent upon conversion to a public limited company was issued by the RoC on June 9 1994. Thereafter the name of the Company was changed to ‘Panchratna Securities Limited’ in order to align with the objectclause and activity being carried on by the Company pursuant to a resolution passed by the Shareholders on June 11 1994. A fresh certificate of incorporation consequent to the change of name was granted to the Company by the RoC on June 22 1994. The RBI granted a certificate of registration dated March 18 1998 bearing no. 13.00365 to the Company under its erstwhile name ‘Panchratna Securities Limited’ for registration as an NBFC under Section 45-IA of the Reserve Bank of India Act 1934. Subsequently the name of the Company was changed to ‘Muthoot Microfin Limited’ in order to reflect the group’s identity of the shareholders i.e. the Muthoot Pappachan Group and the operations of the Company pursuant to a resolution passed by the Shareholders on October 29 2012. A fresh certificate of incorporation consequent to the change of name was granted to the Company by the RoC on November 6 2012. Pursuant to a change in the objects clause of the Company which was approved by way of special resolution dated January 21 2013 the Company was granted a certificate of registration of the special resolution confirming alteration of object clause dated February 12 2013. Subsequently the RBI granted a revised certificate of registration dated March 18 1998 reflecting the change of the Company’s name to Muthoot Microfin Limited with effect from March 25 2015. The RBI has granted NBFC-MFI status to the Company with effect from March 25 2015pursuant to an endorsement on the certificate of registration dated March 18 1998.Major events and milestones the Company :1992- Incorporated as Panchratna Stock and Investment Consultancy Services Private Limited1994- Converted to a public limited company and name changed to Panchratna Securities Limited1998- Company obtained a certificate of registration as an NBFC from RBI2011- Company was acquired by promoters of “Muthoot Pappachan Group” namely Janamma Thomas Thomas John Muthoot Thomas George Muthoot Thomas Muthoot Preethi John Muthoot Nina George and Remmy Thomas2015- RBI granted NBFC-MFI status with effect from March 25 20152016- Raised Rs.500000000 from Creation2017- Crossed 1 million clients- Raised Rs.150000000 in the first round of investment for the year from Creation- Raised Rs.350000034.28 in the second round of investment for the year from Creation2018- Raised Rs.300000013 in the first round of investment for the year from Creation- Raised Rs.250633050 in the second round of investment for the year from Creation2019- CRISIL upgraded the rating to A Stable for bank facilities and debt instruments2021- Launched the Mahila Mitra app- AUM crossed Rs.50000 million- Raised Rs.1877249867.54 from GPC2022- Raised Rs.1856624910.84 in the first round of investment for the year from GPC- Raised Rs.818124971.22 in the second round of investment for the year from GPC- CRISIL upgraded the rating to A+ Stable for long-term bank facilities and debt programmes- Crossed 2 million active customers- Crossed 1000 branches2023- Reached 10000 employees- AUM crossed Rs.100000 million- Launched Digital first Suvidha Loan