The Rhythm of Growth is the music at Muthoot - Muthoot Finance

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The Rhythm of Growth is the music at Muthoot - Muthoot Finance
VOL XVII / ISSUE #3 / SEPTEMBER 12
                                                                                            for private circulation only
     From the Chairman’s Desk
                                The Rhythm of Growth is the music at Muthoot
                                 It is our strong belief that perseverance is undoubtedly the key to facing challenges
                                 in times of momentous change. At the Muthoot Group, we have chiseled out our
                                 mission of growth. Over the years, the trust that we have generated, the confidence
                                 that people have in us and the unwavering commitment that we have to our principles,
                                 have become our greatest treasures. Needless to say, it is only by working tirelessly
                                 with courage that, every member of the Muthoot Group has contributed to the vibrant
                                 surge that the Group has repeatedly portrayed time and again.Donning the armour of
                                 vigorous determination and earnestly living the principles based on traditional values,
                                 the organisation has come a long way in proving its might.
                                 With great humility I would like to put forth that, with the grace of the Lord Almighty,
                                 the results of Quarter 01 of FY 2013 have been extremely rewarding. The total
     income has grown by 41% to stand at ` 1294 crore. Profit After Tax (PAT) in this period has been ` 246
     crore as against ` 190 crore last year, a YoY increase of 29%. However, our workings are not just directed
     at profits, we have initiated specific Corporate Social Responsibility [CSR ] activities too. The footprint of our
     branch network has significantly increased to touch nearly 4000 across 25 states and 4 union territories. The
     company is committed to all the stakeholders and will continue the business in public interest maintaining
     highest governance standards.
     Now, on our journey towards the next milestone in growth, we should consciously re-look at our working and
     attempt to further improve the quality of service. This is something that we should never forget. Our customers
     have great expectations from us and have entrusted us with a responsibility that goes beyond single transactions.
     Together, let us bridge the gaps and build strong relationships with our customers. This is possible only when we
     empower them in their businesses by fulfilling their requirements. Of course, as leaders in business and society,
     we should never forget our values and our unique corporate culture.
     I believe that we can shape the future by working hard in the present. This definitely is in our hands.
     So, let us pledge to create great customer experience!
     Chairman
     M.G. George Muthoot

                                       15th Annual General Meeting

15th Annual General Meeting of Muthoot Finance Ltd. was held on 1 September 2012 at Fine Arts Hall, Ernakulam.
(L-R): Justice K. John Mathew, Mr. George Thomas Muthoot, Mr. P. George Varghese, Mr. George Alexander Muthoot,
Mr. M.G. George Muthoot, Mr. K.P. Padmakumar, Mr. George Joseph, Mr. George Jacob Muthoot and Mr. John K Paul.
The Rhythm of Growth is the music at Muthoot - Muthoot Finance
Muthoot M George                                                                                         As a part of CSR
 Excellence award 2012                                                                                    initiative, Muthoot
                                                                                                          Finance           Ltd.
                                                                                                          distributed rain coats
                                                                                                          to City Traffic police,
                                                                                                          Kochi. Mr. George
                                                                                                          Alexander Muthoot,
                                                                                                          Managing Director,
                                                                                                          Muthoot       Finance
                                                                                                          Ltd. handed over the
                                                                                                          Rain Coat to Mr. K
                                                                                                          Padmakumar        IPS,
                                                                                                          Inspector General of
                                            Police, Ernakulam range today at a function held at the Traffic Awareness Centre
                                            provided by Muthoot Finance to Traffic police for conducting training for Traffic
Mr. George Alexander Muthoot, Managing      offenders. Mr. Muhammed Rafique V.M., Asst. Commissioner of Police, Traffic
Director, The Muthoot Group distributed     West, Kochi City, Mr. Gopalakrishna Pillai, DCP L&O & Traffic, were present on
Muthoot M George Excellence Awards to       this occasion.
9 students at Infant Jesus Anglo Indian
Higher Secondary School Tangassery.

                                                                                                   Mr. M.G. George Muthoot,
                                                                                                   (Chairman, The Muthoot
                                                                                                   Group) inaugurated the new
                                                                                                   building of Snehatheeran
                                                                                                   Charitable Trust, one of the
                                                                                                   CSR projects of Muthoot
                                                                                                   Finance.

Dr. Georgie Kurien Muthoot, Executive
Director, Muthoot Health Care Division
distributed Muthoot M George Excellence
Awards to 4 students at St. Thomas
College Kozhencherry.
                                            As a CSR initiative of Muthoot Group,
                                            a Solar Water Heater & Water Purifying
                                            System was donated to Govt. School,
                                            Kozhencherry. Dr. Georgie Kurian           High mast lighting system &
                                            Muthoot, Executive Director, Muthoot       beautification of traffic island in the
                                            Health Care Division inaugurated the       accident prone Ramanattukara By-pass
                                            facility. Mr. George M George (Executive   junction, Calicut is being sponsored
                                            Director, The Muthoot Group), Mr.          by The Muthoot Group. Mr. George
                                            Babu John Malayil (AGM - Corporate         Alexander Muthoot, Managing Director
                                            Communications, The Muthoot Group)         presented the lighting system to the
                                            were also present on this occasion.        Ramnattukara Panchayath.

                                            Business Meet at Dubai

Under the auspices of Muthoot M
George Foundation, The Muthoot Group      (L-R): Mr. Adeeb Ahamed (CEO, LuLu International Exchange), Mr. K.R. Bijimon (Chief
distributed Muthoot M George Excellence   General Manager, The Muthoot Group), Mr. M.G. George Muthoot (Chairman, The
award to the 10th standard topers of 51   Muthoot Group), Mr. M.A. Yousaf Ali (Chairman, EMKAY Group of Companies), Mr. Jose
Government Schools in Calicut & Trichur   Zacharias (Head-UAE Operations, The Muthoot Group) and Mr. Sharoon Shamsuddin
Educational Districts.                    (CEO, ISYX Technologies, Dubai).
The Rhythm of Growth is the music at Muthoot - Muthoot Finance
Muthoot Finance Sponsor “Record Drive”                                    Certificate of Excellence
 A Passionate Traveler’s Road Expedition bid for Limca Book of Records

Muthoot Finance Ltd. sponsored the record breaking unique
and thrilling 4,000km solo drive expedition “Record Drive” of
a passionate traveler, Mr. Suresh Joseph for Limca Record by
eclipsing the existing record of 149 hours and 25 minutes. He
has completed this unique and thrilling 3848kms solo drive from
Leh to Kanyakumari, covering 11 states, the National Capital
and the Union Territory of Chandigarh, with certification in
32 destinations, in a record time of 99 hours 30 minutes. The
record drive was flagged off by Mr. K.P Padmakumar,Executive
Director, The Muthoot Group in the presence of Mr. K.R. Bijimon
(Chief General Manager), Mr.C.V John (General Manager), &
Mr. Cherian Peter (Chief Marketing Officer).

  Road Show Campaign

                                                                         In view of our continuous & committed efforts at providing
                                                                         authentic Kerala Hospitality at the highest standards and creative
                                                                         conservation, our Houseboat Division – River Escapes received
                                                                         ‘Certificate of Excellence’ from Trip Advisor for the year 2012.

                                                                           Q1 Result 2012-2013

                                                                           a) Retail Loan Assets under Management
                                                                              ` 23336 crores
                                                                              (YoY increase of 30%)
                                                                           b) Profit after tax ` 246 crores
Mr. George M George, Executive Director, The Muthoot Group                    (YoY increase of 29%)
flagging off the customer awareness road show conducted by
Muthoot Finance Ltd. in association with Western Union . Mr.               c) Earnings per share
George M Jacob, Director, Mr. Cherian Peter, Chief Marketing                  ` 6.62 (YoY increase of 23%)
Officer, Mr. Jose Allesh, Head- Money Transfer Division, Mr.
Jayachandran, Area Manager, Paul Merchants Ltd, were present               d) Income from Operations ` 1294 crores
on this occasion.                                                             (YoY increase of 41%)
                                                                                                         Muthoot Finance Directors
                                                                                                         announcing the Q1 result
                                                                                                         for the year 2012- 2013.
                                                                                                         (L-R): Mr. K.P Padmakumar,
                                                                                                         Executive     Director,   Mr.
                                                                                                         Oommen K Mammen, CFO,
                                                                                                         Mr. George Jacob Muthoot,
                                                                                                         Jt. Managing Director, Mr.
                                                                                                         George Alexander Muthoot,
                                                                                                         Managing Director, Mr. M.G
                                                                                                         George Muthoot, Chairman,
                                                                                                         Mr. George Thomas Muthoot,
                                                                                                         Jt.    Managing      Director,
                                                                                                         Justice K. John Mathew,
                                                                                                         Director, Mr. George Joseph,
                                                                                                         Director, Mr. P. George
                                                                                                         Varghese, Director
The Rhythm of Growth is the music at Muthoot - Muthoot Finance
Lucky Draw Contest                                                                    NCD Brokers Meet

                                                                                        Ahmedabad

   Mr. George Jacob Muthoot, Jt. Managing Director, The Muthoot Group
   distributed the prizes(Gold Coin with the image of Lord Sree Padmanabha) to
   the winners of the contest organised by Muthoot Precious Metals Corporation
   among the viewers of the Sponsored serial “Sree Padmanabham” in Amrita TV
   Channel. Mr. John M Andrews, Sr. Regional Manager, Trivandrum South and
   Mr. Udayanandan Nair M, Regional Manager, Trivandrum North were present              Mumbai
   on this occasion.

                                                             Mr. M.G.George
                                                             Muthoot (Chairman,
                                                             Muthoot      Group)
                                                             gifted car keys of
                                                             Hyundai Eon to
                                                             Ms. Raj Saxena,             Delhi
                                                             winner of the lucky
                                                             draw hosted by
                                                             Muthoot Precious           Muthoot Securities Ltd.
                                                             Metal Corporation          Conducted Investor
                                                             (MPMC).                    Awareness Programs at

  Muthoot Finance honoured Mr. Unmukt Chand on
  U-19 World Cup Victory

                                                                                       Gudivada, Andhra Pradesh.

                                                                                       Trivandrum, Kerala.
Muthoot Group Director, Mr. George M Jacob honoured Mr. Unmukt Chand, Captain
of the U-19 World Cup Team by handing over the Delhi Daredevils branded Gold Coin,
at a function held at “The Park”, Bangalore on U-19 World Cup Victory. (L-R)
Mr. Cherian Peter (Chief Marketing Officer, The Muthoot Group), Mr. C.T. Zachariah,
Mr. George M Jacob (Director, The Muthoot Group), Mr. Unmukt Chand (Capt. U-19 World
Cup Team), Mr. Phaneendra P (GM-Sales & Marketing, GMR Sports), Mr. O.T. Mathunni
(Sr. RM, Bangalore South, Muthoot Finance Ltd.)

  Onam Celebration

                                                                                         Onam Celebration at Corporate
           ‘Pookalam’ competition conducted at Corporate Office, Cochin.                 Office North
The Rhythm of Growth is the music at Muthoot - Muthoot Finance
ATM Machine at Corporate Office North                              Training session for Health Care

                                           Mr.Alexander
                                           George Muthoot,
                                           Dire ctor , T he
                                           Muthoot Group
                                           inaugurated the
                                           ATM machine
                                           installed     at
                                           the Corporate
                                           Office.

State Teacher’s Award                                            Heart Care Foundation conducted CPR (Cardio Pulmonary
                                                                 Resuscitation) training for Muthoot Group staff at Staff Training
                                  Delhi Chief Minister Sheila    College, Kadavanthara. Dr. Jacob Abraham conducted the
                                  Dikshit presented Dr. Sara     session.
                                  George Muthoot (Principal,
                                  St. George’s School) with       Training session for Core Banking
                                  State Teacher’s Award-
                                  2012 for her exemplary
                                  contribution in the field of
                                  education on Teacher’s
                                  Day at Thyagaraj Sports
                                  Complex, New Delhi.
                                  The award was conferred
                                  by The Directorate of
                                  Education, Government
                                  of NCT Delhi.

Rajiv Gandhi Excellence Award
                           Dr. Sara George Muthoot
                           (Principal, St. George’s School)
                           was felicitated with ‘Rajiv
                           Gandhi      Excellence     Award-     Core Banking System (CBS) Training was conducted at CBS Labs
                           2012’ for her Services, Personal      at STC Tughlakabad and Regional Office Delhi.
                           Achievements and Outstanding
                           Contribution to the society. The        NABH Certification
                           award conferred by the India
                           International Friendship Society
                           (IIFS) was presented by a galaxy
                           of eminent personalities including
                           Dr.G.V.G.Krishnamurthy (former
                           Chief Election Commissioner),
Shri Bhisma Narain Singh (former Governor of Tamil Nadu),
Shri Sayyed S. Razi (former Governor of Jharkhand), Sardar
Joginder Singh (former CBI Director) and Shri Gurmeet
Singh (Director, IIFS) at a glittering function at the India
International Centre, New Delhi.
                                                                   Final auditing of the certification of National Accreditation
Investiture Ceremony                                               Board of Hospital & Health Care Providers (NABH) under
                                                                   the council of QCI (Quality Council of India) was done in
                                                                   MMC, Kozhencherry. Dr.Georgie Kurien Muthoot, Executive
                                                                   Director, Muthoot Healthcare Division and the Muthoot
                                                                   team along with NABH assessment team.

                                                                   Medical Seminar

St. George’s hosted its investiture ceremony for the
academic year 2012-13. Present on the occasion were Mr.
M.G. George Muthoot (Chairman, The Muthoot Group), Dr.
Sara George Muthoot (Principal, St. George’s School), Mrs.         MMC Pathanamthitta in association with Indian Medical
Mihika Mathew Alexander (VP-Operations, St. George’s               Association organised a CME GI TRACT MALIGNANCIES
School), students, teachers and parents.                           Seminar at MGM Medical Centre, Pathanamthitta.
The Rhythm of Growth is the music at Muthoot - Muthoot Finance
Muthoot Group enters the digital bandwagon                        Business Excellence Award 2012

                                                               The Trivandrum Chamber of Commerce and Industry conferred
                                                               our Jt. Managing Director, Shri. George Jacob Muthoot with ‘The
                                                               Business Excellence Award – 2012’. The award was presented
                                                               by Shri. P.K. Kunhalikutty, Minister for Industries, Information
                                                               Technology and Urban Affairs, Kerala amid a gathering of eminent
                                                               dignitaries.

                                                                    interest rates of gold bonds
                                                                             Fixed Income Gold Bond (w.e.f: 3.9.2012)
                                                                                             Monthly Interest Scheme
                                                                       Period                 General           Special Category*
                 Muthoot Group Apps                                 12 months &                11.00%                            11.50%
(Exclusively for Apple and Andriod phones and tablets,                 1 day
the apps will facilitate everyone with purchasing of gold            18 months                 12.00%                           12.50 %
and silver coins via mobile; excellent investment tips; easy
monitoring of investments, profits, shares and bullion                24 months                12.00%                            12.50%
rates; instant booking for travel and tour packages; instant          30 months                12.00%                            12.50%
feedback/response to queries; nearest Muthoot Finance
branch locater and access to contact details of senior                36 months                12.00%                            12.50%
officials).                                                           60 months                11.50%                            12.00%
In addition, we have also launched our social pages whose                                     Annual Interest Scheme
approach too would be similar to the Muthoot Group apps.
They are:                                                              Period                   General                  Special Category*
                                                                    12 months &                11.50%                            12.00%
                                                                       1 day
                                                                     18 months                 12.50%                            13.00%
                                                                      24 months                12.50%                            13.00%
                                                                      30 months                12.50%                            13.00%
                                                                      36 months                12.50%                            13.00%
                                                                      60 months                12.00%                            12.50%
The social pages runs varied contests for the masses                                   Multiplier Bond (w.e.f: 3.9.2012
where in people can win freebies including Delhi Daredevils
T-shirts,caps,autographed bats,mementos among others.                                            General                      Special Category*
                                                                      Period          Maturity         Effective           Maturity          Effective
                                                                                       value          Yield (p.a.)          value           Yield (p.a.)
•   Financial Services • Hospitality • Real Estate
                                                                   36 months             1426              14.20              1447              14.90
•   Education • Healthcare • IT • Media • Forex
•   Money Transfer • Wealth Management                             60 months             1762              15.24              1806              16.12

•   Precious Metals • Power Generation                           * Interest rate for Special Category is applicable to (a) Senior Citizens, (b) State /
                                                                 Central Government Pensioners, (c) Ex- Servicemen and their widows, (d) Central / State Award
                                                                 Winners and (e) Single investment of Rs.25 lakhs and above.
•   Travel Services • Securities Trading                                       Muthoot Doubling Bond (w.e.f: 3.9.2012)*
•   Commodities & Currency Trading                                                             Maturity value of                     Effective Yield
                                                                       Period
•   Plantations • Vehicle & Assets Finance Ltd.                                                    ` 1000                                 (p.a.)
                                                                    66 months                          2000                              18.19%
                                                                                                                                  *Minimum investment ` 25,000/-

                                                               Call free from BSNL Landline: 1800 425 1887. Customer Care Cell: 98470 91119.
                                                               Tel: 0484 2396478, 2394712.            Compiled & Published by The Muthoot Group
                                                               Fax: 0484 2396506.                     (A Muthoot M George Enterprise), for private
                                                               e-mail: mails@muthootgroup.com         circulation. Corporate Office: Muthoot Chambers,
                                                                                                      Opp. Saritha Theatre Complex, Banerji Road,
                                                               www.muthootgroup.com
                                                                                                      Kochi - 682 018, Kerala, India.
                                                                                                                                               English
The Rhythm of Growth is the music at Muthoot - Muthoot Finance The Rhythm of Growth is the music at Muthoot - Muthoot Finance The Rhythm of Growth is the music at Muthoot - Muthoot Finance The Rhythm of Growth is the music at Muthoot - Muthoot Finance
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