Muthoottu Mini Financiers Ltd, one of the largest non-bank financial companies (NBFCs) in India, announced the launch of three new zone offices across India to improve operational efficiency and provide a better customer experience.
Newly inaugurated zonal offices are located in Ernakulam, Alappuzha and Hyderabad. The launch is in line with Muthoottu Mini’s restructuring and geographic expansion plan to reach customers for fast and transparent transactions.
The Alappuzha zone office was inaugurated by Roy M Mathew, president of the Muthoottu M Mathew group. The Ernakulam Zone Office was inaugurated by Mathew Muthoottu, Managing Director of Muthoottu Mini Financiers Ltd and the Zone Office in Hyderabad was digitally inaugurated by Mathew Muthoottu, Managing Director of Muthoottu Mini Financiers Ltd.
Zone offices act as individual governing bodies in the respective regions and will have 70-100 branches under each zone office, which will gradually increase to 150.
Speaking at the inauguration, Mathew Muthoottu, Managing Director of Muthoottu Mini Financiers Ltd said: “We are very pleased to announce the inauguration of our new zone offices in Ernakulam, Alappuzha and Hyderabad. With the inclusion of these new zone offices, the company will now have 8 zone offices and over 800 branch offices in 10 states and 1 Union territory covering all of India. With the aim of strengthening and better serving our customers and increasing market penetration, we are committed to making a sincere effort to increase the number of branches by the end of this fiscal year to provide fast and quality services. to our customers. Our aim is to expand our network and strengthen our operations in Gujarat, Maharashtra, Delhi, Haryana, Telangana and a few other branches in Andhra Pradesh in the future with best interests in mind. client”.
The company currently has more than 3,000 employees and employed more than 400 staff across the country this year. The company recorded growth of 18% for fiscal year 2020-21. Assets under management (AUM) grew at a rate of 18%, while profit before tax (PBT) increased by 65%. The company also recorded interest income growth of 17.50 percent. Muthoottu Mini added 4 additional loan banks, earning 700 crore from non-convertible debenture (NCD) issues.
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