Muthoot Microfin LtdNSE MUTHOOTMF Stock Report

Muthoot Microfin Ltd is a IN-based company operating in Financial Services industry. The company is headquartered in Ernakulam, Kerala and currently employs 10,227 full-time employees. The company went IPO on 2023-12-26. Muthoot Microfin Limited is an India-based non-deposit accepting non-banking financial company (NBFC-ND). The firm is primarily engaged in providing financial assistance through micro loans to women engaged in small income-generating activities. The operations of the Company are based on the Grameen model of lending. The company is designed to help entrepreneurship among women and inclusive growth. The Company’s loan products comprise group loans for livelihood solutions such as income-generating loans, Pragathi loans and individual loans; life betterment solutions including mobile phone loans, solar lighting product loans and household appliance product loans; health and hygiene loans such as sanitation improvement loans, and secured loans in the form of gold loans and its Muthoot Small & Growing Business (MSGB) loans. The firm is a part of the Muthoot Pappachan Group, a business conglomerate. Muthoot Pappachan Technologies Limited is a subsidiary of the Company.