Company Profile

Muthoottu Mini Financiers Ltd. (MMFL/ Company), headquartered in the southern Indian state of Kerala, is registered with RBI as a non-deposit taking, systemically important, NBFC, lending money against pledge of used household gold jewellery (“Gold Loans”) in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Goa, Haryana, Maharashtra, Pondicherry and Uttar Pradesh. It also provides short-term personal loans primarily to individual customers who require immediate availability of funds.The Company belongs to the Muthoottu Mini Group which is headed by Mr. Roy M. Mathew who belongs to the Muthoottu Family of Kozhencherry, which was founded by Mr. Ninan Mathai Muthoottu, who started the family business enterprise in 1887. The Group has been in the gold loan financing since 1986 and the Company has been extending Gold Loans since 2006.As on December 31, 2014, MMFL is having a branch network of 1,022 branches spread in the states of Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Goa, Delhi, Haryana, Maharashtra, Pondicherry and Uttar Pradesh.The Gold Loan portfolio of MMFL as of March 31, 2014 and December 31, 2014 comprised of 2,75,895 and 2,47,275 gold loan accounts respectively, aggregating  1,76,881.16 lacs and  1,61,65.45 lacs which is 94.80% and 97.33% of our total loans and advances as on March 31, 2014 and December 31, 2014

 

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Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size. Click here to download Application form of Muthootu Mini Financiers Limited NCD FEB 2015
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “MMFL – NCD Escrow Account”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *

Who can Apply/Invest

Resident Indian individuals and Hindu Undivided, Resident public financial institutions, commercial banks, and regional rural banks,

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