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Financial Services

In: Business and Management

Submitted By johnosjerome
Words 2579
Pages 11
Muthoot Pappachan Group (MPG), founded in 1887, is an Indian business house headquartered in Kochi, Kerala, India. It encompasses several businesses, including financial services, automotive dealerships, hospitality, real estate, entertainment, health services and alternate energy.
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Financial Services[edit]
Muthoot Fincorp Ltd. is one of the largest non-banking financial companies (NFBC) in India[citation needed], registered with the Reserve Bank of India (RBI). Muthoot Fincorp is a provider of mass finance in the form of gold loans. The company has a diverse mix of retail offerings including loan products, money transfer, roreign Exchange, insurance services and wealth management services. The net worth of Muthoot Fincorp as on 31 March 2014 was Rs. 1249.85 crores and the capital adequacy ratio of the company was 21.01%.[1]
Muthoot Capital Services[edit]
An NBFC listed on the Bombay Stock Exchange, MCSL offers loans for the purchase of vehicles.. The company is licensed by RBI to accept deposits and offers deposit products. MCSL is active in retail financing and works with borrowers in rural and semi-urban areas. The company offers two wheeler and three wheeler loans and services more than 1,300 dealerships in seven states, with Hero and Honda contributing 80% of the total business.[2]
Muthoot Housing Finance Company[edit]
Three years back the group entered the affordable housing finance arena through a subsidiary – Muthoot Housing Finance Company Ltd (MHFL). MHFL caters mainly to the housing finance requirements of customers in the middle and lower income category.[3]
Muthoot Mahila Mitra[edit] the group launched Muthoot MahilaMitra (MMM), a micro-finance offering that focuses on empowering women through financial literacy training. Muthoot MahilaMitra follows the Joint Liability Group (JLG) model of micro-finance. Clients are organised in groups of five to ten women from economically weaker sections of society, living in rural and semi-urban areas or urban slums. Target clients are economically active women with regular cash flow through lawful, sustainable and stable economic activity. Under this program, each individual in a JLG is offered a loan between Rs. 10,000 to Rs. 15,000 depending on her repayment capacity, for a tenure of 52 weeks. MMM also fosters entrepreneurship skills among women and gives them basic financial literacy.[4]
Muthoot Exim[edit]
Muthoot Exim precious metals division is a unit of the Muthoot Pappachan Group that specializes in developing and marketing of precious metal products and services. * Swarnavarsham Jewellery sells silver coins under a spot and monthly payment basis * Muthoot Gold Point in Coimbatore, which will buy scrap, old and used gold items directly from end customers.[5]
Muthoot Risk Insurance and Broking Services Pvt. Ltd[edit]
This division of the Group is associated with an array of insurance solutions ranging from life insurance to medical, ULIPs, etc. All operations are now run under the name of Muthoot Risk Insurance Brokers Pvt. Ltd[6]
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Information Technology[edit]
The group has made a foray into IT with Muthoot Pappachan Technologies (P) Ltd. Launched at Technopark in Trivandrum, the objective of the company was to provide IT support to the group's companies. The company wants to serve external customers as well.[7]
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Automotive[edit]
The Automotive division began with the two-wheeler dealership for Yamaha and Honda, the group now has dealerships of JLR (Jaguar, Land Rover and Range Rover), Ford Motors, Honda Cars and Vespa Scooters. Muthoot Pappachan Group’s automotive dealerships are spread across Calicut, Ernakulam, Kollam and Trivandrum districts.[8]
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Hospitality[edit]
Muthoot Plaza, a hotel in Trivandrum (Thiruvananthapuram) reopened on 27 December 2013 after renovation as a Hilton Garden Inn. The Vivanta by Taj (previously known as Taj Green Cove) at Kovalam, is one of the Taj Hotels. The Muthoot Skychef serves airlines such as Air India, Indian Airlines and Qatar Airways, and charters and VVIP flights.[9][10][11]
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Real Estate[edit]
MPG Hotels and Infrastructure ventures Private Limited has forayed into the new age real estate business. Apart from developing hotels and resorts for the hospitality division, the real estate vertical is engaged in development of infrastructure, commercial space and residential apartments too. Muthoot Technopolis, one of the first projects of Muthoot Real estate, is located in Kochi Special Economic Zone. Spread across 3,55,000 square feet, the park has a distinction of being India’s first Private IT Park in a Special Economic Zone. It is a preferred work space for many leading IT companies.[12]
The real estate division has properties and projects in major cities in Kerala and Tamil Nadu. Two major housing projects at premium locations in Trivandrum city are ready to be occupied. The division has land banks in prime locations in various parts of the country.[13] The division also has properties and projects in major cities in Kerala and Tamil Nadu. Two major housing projects at premium locations in Trivandrum city are ready to be occupied. The division has land banks in prime locations in various parts of the country.
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Other activities[edit]
The group has been setting up wind farms in Tamil Nadu, India since 1993. The total installed capacity in wind power is 25 megawatts, with an investment of INR 1250 Mio.
The group owns the 943 seater DTS Sound "Kripa Cinema" in Trivandrum.
The group owns Muthoot LifeBrigade specialty Hospital and Orthopedic Centre in Kottayam, Kerala.[14] The hospital specializes in orthopedic treatment, has a and has a dedicated diabetes centre.
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Kerela Blasters FC[edit]
The group acquired the title sponsorship of Kerala Blasters FC on 29 September 2014.The club is owned by Sachin Tendulkar. This is the first edition of the Indian Super Leagueand commences on 12 October 2014. MPG has signed this sponsorship for 1 year which can be extended up to 5 years.[15]
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Muthoot Pappachan Foundation[edit]
Muthoot Pappachan Foundation was established in 2003 with the objective of serving the needy through variety of CSR activities. The activities of the foundation as based on the HEEL (Health, Education, Environment, Livelihood) framework.[citation needed]

Mini Muthoottu
Established in 1921 in Kozhencherry, Pathanamthitta, Kerala by Sri. M Mathew, Mini Muthoottu, was initially a small firm engaged in financing and in Chit Fund business. Subsequently, the promoters applied their sound banking experience, and took Mini Muthoottu into the corporate arena. This arm of the Group has since built an impressive level of business and made for itself a reputation for reliability in private banking circles throughout Kerala, Tamil Nadu and Karnataka.
The Group now comprises companies engaged in Financing, construction of own building, I T Park, Joint venture with Banyan Tree Hotels, SEPZ for I T, Smart City, Plantation and Chain of Theatres. The corporate image of the group has been meticulously built and developed since beginning. The group members conduct their business through a network of branches established in Kerala, Karnataka and Tamilnadu.
The astuteness and acumen with which this group has been conducting its business since as far back as 1921, undeniably demonstrates its resilience to hold out, and to emerge stronger after each bend in its journey.
Mr. Roy M Mathew is the Group Chairman and the other Directors are his wife Mrs. Nizzy Mathew and his son Mr. Mathew Muthoottu.

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Gold Loan
The main activity of Mini Muthoottu is advancing money against security of gold ornaments. It is the main source of profit for the Company. Mini Muthoottu has two distinct schemes for Gold loan – for general public and for Repledgers. The scale of finance and the rate of interest for gold loans will be decided by the Board of the Company on the basis of various internal and external factors; market conditions etc and will be advised to the Branches from time to time.

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Debentures

A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified date and carries a specified rate of interest. Debentures are normally issued in physical form it is called Debenture certificate. Debentures are the main source of funds for the company. The company from public accepts money for a fixed term at a fixed rate of interest, which remains unchanged during the period of debenture. The interest for debenture will be payable on monthly, yearly and maturity.

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Money Transfer

RECEIVE money worldwide instantly through Mini Muthoottu. We are the agents for UAE Exchange all over India for money transfer. Customers can receive money from any country through any branches of Mini Muthoottu.

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Insurance

Mini Muthoottu have vibrant insurance team .We have corporate tie-ups with insurance giants like Bajaj Allianz Life Insurance Company Limited, MetLife India Insurance Company Limited and IFFCO-Tokio General Insurance.

Muthoot Mercantile Limited
Muthoot Mercantile Limited is the flagship company of the Muthoot Ninan Group. MML was incorporated as a Public Limited Company on 03-03-1997 under certificate of incorporation of Registrar of Companies Kerala. It was registered as an NBFC under certificate of registration by the Reserve Bank of India.

The company is promoted by Shri. M. Mathew and Shri. Richi Mathew. Shri. M. Mathew is the son of late Shri. Muthoot M. Ninan who established the Muthoot Group in the year 1939. He is a Mechanical Engineering graduate. He is the Chairman of the Company and has a working experience of more than 40 years in the Banking and chitty field. Shri. Richi Mathew, the son of Shri. M. Mathew is the Managing Director of the Company and has a working experience of more than 18 years in the Financial Sector.

The total business of the Company crossed 3000 crores with several branches all over Kerala state and also in Tamil Nadu.

The Muthoot Ninan Group also hosts Muthoot Syndicate Nidhi Limited, a Nidhi Company, declared and notified by the Ministry of Corporate Affairs, Government of India, New Delhi. This Nidhi Company has more than 40000 members. The other companies under its umbrella include Muthoot Financial Enterprises, Muthoot Mercantile Nidhi Limited, Muthoot Spices and Flavours Pvt. Limited, Muthoot Computer Software Development & Research Institute Pvt.Ltd

At present, the Company is having several branches spread all over Kerala and in Tamil Nadu. We have a solid presence in almost all the districts in Kerala.

The Company's financial position is very sound and healthy. Our primary business is granting loan against the security of gold only. To meet the requirements of the gold loan, we are issuing non-convertible secured redeemable debentures. The funds realized through debentures are fully utilized for the grant of loan against security of gold. The fund is in no way is utilized otherwise. Hence the investments with us are 100% secured.

Manappuram Finance Limited
Manappuram's origins go back to 1949 when it was founded in Valapad (a coastal village in the Thrissur District of Kerala) by the late V.C. Padmanabhan, father of Shri Nandakumar. Its activity was mainly pawn broking and money lending carried out on a modest scale. The principal asset of the company was the integrity and foresight of its Founder and among the people of the area it soon acquired a reputation as a safe-haven for their investments.

The expansion: Shri Nandakumar took over the reins of this one Branch business in the year 1986 when his father expired. Since then, it has been a story of unparalleled growth, with new milestones being crossed every year. Manappuram Finance Ltd. was incorporated in 1992 (the original name was Manappuram General Finance and Leasing Limited) with its registered office at Valapad, in the Thrissur District of Kerala. It is India's first listed and highest credit rated gold loan company and widely recognised as a leading wealth creator in the Indian stock market. Since inception, the Company has maintained a consistently rapid pace of growth. Today, it has around 3,300 branches across 26 states and UTs with Assets under Management (AUM) of about Rs.10,000 crores, a workforce of about 18,000 and a live customer base of 15 lakhs (Data as of 31 March, 2013).

The many achievements: Soon after it commenced its operations, Manappuram Finance Limited gathered several "firsts" to its credit. The company was the First NBFC in Kerala to receive a Certificate of Registration issued by the RBI. It was the first Kerala based NBFC to get a Credit Rating in 1995 of "MA" (current rating MA+) from ICRA, recognising the company's ability to make timely repayments of the principal and interest under its then existing public deposits programme. Manappuram Finance was one of the very first NBFCs from Kerala to go for a Public Issue of its shares in 1995. In fact, the company has been consistently making profits and consistently paying dividends from the very first full year of operations.

The company was also the first NBFC from Kerala to issue bonus shares in the ratio of 1:1 in 2007 and then, repeat the feat twice, in 2010 and in 2011 (making it three such instances in five years). Moreover, in 2007, Manappuram Finance Ltd became the first Kerala based NBFC to receive foreign Investment from FIIs, and also get the highest short term credit rating of A1+ from ICRA. In 2010, it became the very first Kerala-based company to offer ESOPs (Employee Stock Option Plan) to its middle and senior management functionaries. In April 2011, it became only the second listed company from Kerala to have its shares traded in the "A-Group" at the Bombay stock exchange.

Other activities: As part of its diversification, Manappuram Finance Limited has also ventured into the Foreign Exchange business with the Reserve Bank of India having granted an Authorised Dealer - II licence to the Company which permits it to effect outward remittances for a variety of purposes such as overseas medical treatment, higher education abroad, business travel, conferences etc. The Company has also commenced Instant Money Transfer in collaboration with UAE Xchange, Wallstreet and MoneyGram.

Services * Loan Against Gold * Money Transfer * Domestic Money Transfer * Foreign Exchange * SME & Loan Against Property * Depository Services * Commerc

IIFL
India Infoline Finance Limited is a subsidiary of IIFL Holdings Limited (Formerly India Infoline Limited), a diversified financial services company. The Company was originally incorporated on July 7, 2004 as a private limited company under the provisions of the Companies Act, 1956 as India Infoline Investment Services Private Limited. The Company was converted to a public limited company with effect from July 10, 2007.
We are a systemically important non-deposit accepting NBFC focusing on Mortgage Loans, Commercial Vehicle Finance, Gold Loan, Capital Market Finance, Healthcare Finance and SME Finance. We offer a broad suite of lending and other financial products to our clients both retail and corporate. Our lending and other financial products include: * Mortgage Loans, which includes Retail Mortgage Loans and Corporate Mortgage Loans. These loans are bifurcated into Housing Loans and Loans against property. * Commercial Vehicle Finance, which includes Loans against new and used commercial vehicles and buses, this includes loans on small, light and medium and heavy commercial vehicles. * Gold Loans, which includes finance against security of mainly used gold ornaments. * Capital Market Finance, which includes Loans against Securities, Margin Funding, IPO financing and other structured lending transactions. * Healthcare Finance/Medical Equipment Finance, which includes finance for medical equipment and project funding in the healthcare sector. * SME Finance, which includes finance to small and medium enterprises
The Company has obtained a certificate of registration dated May 12, 2005 bearing registration no. - B-13.01792 from the Reserve Bank of India for carrying on activities of a Non-Banking Financial Company.

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Case Study About Sun Life Financial Services

...Case Study about Sun Life Financial Services Manalaysay, Levi Jhanine P. MG11A Prof. Rosalinda Lacerona Title of the case: Sun Life Financial Services Time Context: Summary/ Abstract Sun Life Insurance is an international insurance company, providing individual and corporate life insurance, group retirement services and benefit management services. The Canadian operations have offices located throughout Canada, with the head office in Toronto. The Group Claims division provides drug and dental claim management and claim adjudication to companies in Canada through its 4 main centres in Toronto, Ottawa, Edmonton and Montreal. Clients include the Federal Government, City of Toronto, Royal Bank of Canada and Magna International. Sun Life Canada alone had a customer base of 7 million. It had its stock listed on the stock exchanges of Toronto, New York, London and Manila. Sun Life’s presence in Hong Kong has been growing stronger and stronger over the past 100 years. Clear and sound policy formulation requires any company to have well defined business objectives, vision and mission. Sun Life Hong Kong aims to be one of the top five players in the Hong Kong market for both wealth management and insurance. In the present time, Sun Life manages assets in excess of $425 billion and has an employee base of more than 14,700 and few thousands of independent agents worldwide. By 2001, with revenues of C$ 16.7 billion, Sun Life Financial Services (Sun Life) had emerged as...

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