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Muthoot Pappachan Group
Muthoot Pappachan Group, also known as Muthoot Blue, is an Indian financial services conglomerate founded in 1887 by Ninan Mathai Muthoot. Headquartered in Trivandrum, Kerala, the group has a workforce of more than 26,000 employees across 4,200 branches in India. Apart from financial services, the group has business interests in hospitality, automotive dealerships, real estate, healthcare, IT services, precious metals, alternate energy, and security services. History The family business was founded in 1887 by Muthoot Ninan Mathai in Kozhencherry, Kerala. Mathai initially traded in timber and food grains, supplying rations to large British-run plantations. In 1939, the group established banking and finance services to provide immediate financial assistance to customers in rural and non-rural areas through easy secured loans. Post-independence, the demand for credit increased as individuals discovered their household gold as a safe and convenient means to get credit. Mathai the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precious Metal
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a Orders of magnitude (time), human timescale. It includes sources such as Solar power, sunlight, wind power, wind, the movement of Hydropower, water, and geothermal energy, geothermal heat. Although most renewable energy sources are sustainable energy, sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation of natural resources, exploitation. Renewable energy often provides energy for electricity generation to a grid, space heating, air and water heating/air conditioning, cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and Renewable energy in developing countries, developing countries, where energy is often crucial in Human development (humanity), human development. Renewable energy is often deployed toge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muthoot Microfin
Muthoot Microfin Limited is an Indian microfinance institution (MFI), headquartered in Kochi. It primarily provides unsecured microloans to women in rural areas. It is a part of Muthoot Pappachan Group. History The microfinance business was originally established as a division of Muthoot Fincorp Limited in 2010. In December 2011, the Muthoot Pappachan Group acquired Pancharatna Securities Ltd, a non-banking financial company (NBFC) based in Mumbai, and subsequently rebranded it as Muthoot Microfin Limited (MML). In March 2015, Muthoot Microfin Limited (MML) obtained a microfinance institution (MFI) license as a non-banking financial company (NBFC-MFI) from the Reserve Bank of India. In 2021, Muthoot Microfin Ltd launched Mahila Mitra app to help rural women beneficiaries with repayment. Operations Muthoot Microfin operates in 18 states with 1,172 branches and over 10,000 employees. As of March 31, 2023, Muthoot Microfin has a portfolio size of 9,200 crore with a borrower ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trivandrum
Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration population is around 1.68 million. Located on the west coast of India near the extreme south of the mainland, Thiruvananthapuram is a major information technology hub in Kerala and contributes 55% of the state's software exports as of 2016. Referred to by Mahatma Gandhi as the "Evergreen city of India", the city is characterised by its undulating terrain of low coastal hills. The present regions that constitute Thiruvananthapuram were ruled by the Ays who were feudatories of the Chera dynasty. In the 12th century, it was conquered by the Kingdom of Venad. In the 18th century, the king Marthanda Varma expanded the territory, founded the princely state of Travancore, and made Thiruvananthapuram its capital. Travancore became the most dominan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kerala
Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South Canara, and Thiruvithamkoor. Spread over , Kerala is the 21st largest Indian state by area. It is bordered by Karnataka to the north and northeast, Tamil Nadu to the east and south, and the Lakshadweep Sea to the west. With 33 million inhabitants as per the 2011 census, Kerala is the 13th-largest Indian state by population. It is divided into 14 districts with the capital being Thiruvananthapuram. Malayalam is the most widely spoken language and is also the official language of the state. The Chera dynasty was the first prominent kingdom based in Kerala. The Ay kingdom in the deep south and the Ezhimala kingdom in the north formed the other kingdoms in the early years of the Common Era (CE). The region had been a prominent spic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73–55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. Then, int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kozhencherry
Kozhencherry ( ml, കോഴഞ്ചേരി) is a census town in Pathanamthitta district of Central Travancore region (South Central Kerala) in Kerala state, India. census, the population was 433,357 people in 92,825 households. History Kozhencherry is situated in the central Travancore and in the centre of Pathanamthitta District. It is on the bank of the Holy river Pampa (it descends from Sabarimala) and blessed by hills and green valleys. It is a very beautiful place. The history of Kozhencherry is very closely related to the history of the Central Travancore State. Kozhencherry was one among the five major towns in the earstwhile Travancore. It is model of communal harmony. Kozhencherry is a very fertile land and cultivating plantations, paddy, tapioca, coconut, rubber, pepper, sugar cane, vegetables, spices etc. From Kozhencherry market goods were marketed to Kochi and Alapuzha through the river Pampa in big boats in olden days. In the year 1869 at the time of the rule o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
M George Muthoot
Mathai George Muthoot (4 February 1911 – 31 January 1993) was an Indian entrepreneur and businessman, prominent for his pioneering work in the South Indian financial sector. He is the father of M. G. George Muthoot and G. Alexander Muthoot He, along with his father N. Mathai Muthoot, founded what would later become the Muthoot Group of Companies. Early life M. George Muthoot was born to N. Mathai Muthoot on 4 February 1911 in Kozhencherry, a small town in South Kerala. N. Mathai Muthoot managed the family business of contract timber in the Kingdom of Travancore. Meanwhile, George joined the Indian army. He was married to Ammini George Muthoot and had seven children (six sons and one daughter), who now manage the Muthoot Group. Business career After completing his army service, he returned to Kozhencherry in 1925 and established a new partnership firm along with his father (Muthoot Chit Fund), which was primarily a Chit Fund, and hence marking the foray of Muthoot into t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muthoot Finance
Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins. The company is headquartered in Kochi, Kerala and operates over 4,400 branches throughout the country. Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates. The company falls under the brand umbrella of the Muthoot Group. Its stocks are listed on the BSE and NSE since its initial public offering in 2011. The target market of Muthoot Finance includes small businesses, vendors, farmers, traders, SME business owners, and salaried individuals. Corporate background The company was incorporated as a private limited company on 14 March 1997 with the name "The Muthoot Finance Private Limited" under the Companies Act. On 18 November 2008, the company was converted into a public limited company with the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Thiruvananthapuram
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
