Muthoot Finance Managing Director George Alexander was grievously injured Tuesday when an unidentified man hurled a big stone at the vehicle he was travelling in, in Kerala’s Kochi. avoid rejection. Alexander George Muthoot Deputy Managing Director of Muthoot group, promoters India's largest gold loan company, Muthoot Finance Limited. See the complete profile on LinkedIn and discover George’s connections and jobs at similar companies. Customize your preference and get a personalized recommendation of stories based on your interest. Link Intime India Private Limited is the Registrar to the Issue. George Alexander Muthoot, Managing Director of Muthoot Finance. When the average business goes up, the operating expenditure comes down. How do you compete with banks, which are offering gold loans at about 7.50 per cent? What is your take on co-lending (with banks)? They may not be performing in restaurants, but are humming online. Wallmine is a radically better financial terminal. We have got sufficient and more funding now. We have encouraged our customers to go online for transactions — 40 per cent of our customers do transactions (payment of interest, repayment of principal, top-up facility) online. all capital letters, or in all lower case letters, or using We are expanding our network in all other States except Kerala. We have also started a ‘loan at home’ product. Demand (for loans) is there and funds are there. Mr. Muthoot received an MBA from Thunderbird School of Global Management. He is the third generation of his family to be chairman of the Muthoot Group, and the former Lay Trustee of the Indian Orthodox Church. George Alexander Muthoot, MD at Muthoot Finance, in his interaction to ET NOW mentioned that the guidance of 15% loan growth given in the previous quarter still holds good but at the same time was hopeful of a better growth than 15% by the end of the year. With an MBA in international hospitality management from Cornell-ESSEC Business School (Paris), he brings to the forefront a strong combination of sales, marketing and management experience. Smaller customers would be comfortable bringing their gold to the branch. Long weekend coming up? Give it to us. There is no issue with transaction capacity at the branches. Sign up in seconds, it's free! Comments that are abusive, personal, incendiary or Follow us on Telegram, Wallmine is a radically better financial terminal. In the first half of FY21, the first quarter (Q1: April-June) was a washout (the assets under management declined by ₹277.5 crore during the quarter). Will the second quarter AUM growth of 32 per cent year-on-year be sustainable? NBFCs that are not able to raise resources themselves enter into this arrangement with banks. A group of employees have been protesting against the Muthoot management over dismissal of … muthoot finance. In the first quarter, we were not able to add anything. In the new normal, brands will need to re-create ‘peak moments’ that enhance shoppers’ affection. Not every customer wants the maximum amount (of loan). A section of employees have been agitating against the Muthoot management over dismissal of 160 staff from the company's 43 branches across the state in December. Linkedin. What is the salary of Mr Muthoot? Scroll below and check more detailed information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! George Alexander Muthoot Managing Director. George Alexander Muthoot is registered with the Ministry of Corporate Affairs with a DIN (Director Identification Number) of 00016787, and is currently associated with 16 companies. Commenting on the development, George Alexander Muthoot, Managing Director, Muthoot Finance Ltd, said “In our 24th public issue of ncds, we wish to focus on retail and high networth individual investors and we have allocated 90% of the issue for this segment. George Alexander Muthoot, Managing Director, Muthoot Finance, talks about rejection of the proposal to acquire IDBI Mutual Fund, RBI’s working committee recommendations and gold loan demand among others during a candid chat with Swati Khandelwal, Zee Business. Or click on Free Trial to get 14 days free trial. irrelevant cannot be published. Muthoot Finance Ltd. is a gold financing company. ‘Anyway the gold ornament is lying idle in your locker. In an interaction with BusinessLine, Muthoot emphasised that banks will lose interest in this business as soon as they find some other lending opportunity. There are no executives at Muthoot Finance getting paid more. Our branches, on an average, handle about ₹10 crore of gold loan business. Sometimes we ask our potential customers as to why they want to pay such a high interest rate. The moment the gold is given to us, we transfer the money. With the Kia Sonet, I take an ... For something that doesn’t cost much, these earbuds are smart, look cool and have some punch to them. Is the demand for gold loans outstripping the capacity of your branches to handle business? It is a deposit State. You have reached your weekly free article limit. Financial Services Personal Loan Microfinance … The Company provides personal and business loans secured by gold jewellery, or Gold Loans primarily to individuals who possess gold jewelry but can't access formal credit lines. Excerpts from the interaction: Banks are snapping at your heels as the Reserve Bank of India has allowed them to give 90 per cent of the value of gold as loan (loan to value/LTV) but gold loan companies continue at 75 per cent LTV. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. We are slowly bringing down the number of branches in Kerala, our home State. Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. Read more on. George Alexander Muthoot estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let’s check, How Rich is George Alexander Muthoot in 2019-2020? Banks aggressively lending retail gold loans. Every year, Delhi’s oldest burning ghat hosts thousands of gulls — in search of namkeen and respite from ... Brands, especially the young digital ones, are taking this route but not all can make it work. We will give the money. They are actually getting newer and newer customers…It is the bigger ticket loans (customers wanting to take ₹5 lakh or ₹10 lakh loan) that are going to the bank. George has 4 jobs listed on their profile. Wallmine is a radically better financial terminal. We may remove hyperlinks within comments. This happened in 2008 and 2010 also. Why the stock of Muthoot Finance is a good buy. View George Alexander’s profile on LinkedIn, the world's largest professional community. We raised ₹2,000 crore via a non-convertible debenture (NCD) issue in the last week of October. In the past he held the position of President-Indian Subcontinent Club at Thunderbird School of Global Management. George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. What is the salary of Mr Muthoot? George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. Covid-19 has triggered a consumer shift towards branded products as ... Avail Invitation Pricing Now Banks risk-averse towards unsecured loans. This facility is for customers borrowing more than ₹2 lakh. Copyright © 2020, THG PUBLISHING PVT LTD. 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We had around 850 branches in the State about six year ago. 2nd Floor, Banerji Road However, in the second quarter (Q2: July-September), the AUM rose by ₹5,739 crore to ₹46,234 crore as at September-end 2020. But we also try to be alert about what the competition is doing. After some time, when they get some other opportunity, they lose interest. George Alexander Muthoot is Joint Managing Director & Executive Director at Muthoot Finance Ltd. View George Alexander Muthoot’s professional profile on Relationship Science, … Search . George Alexander Muthoot is a Chartered Accountant who qualified with a first rank in Kerala and ranked 20th overall in India, in 1978. What is the salary of Mr Muthoot? As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨154,180,000. Gold-loan NBFCs will see up to 18% growth in AUM in FY21. George Alexander Muthoot is a Indian Entrepreneur, who was born on in India. Alexander George Muthoot is Non-Independent Executive Director & Deputy MD at Muthoot Finance Ltd. and on the board of 15 other companies. We are hand-holding customers for online transactions. Facebook, Twitter, Instagram, YouTube and While medical staff at hospitals nurse India back to health, an army of delivery agents continues to bring ... It’s Shivaji Rao Gaekwad, or Rajinikanth’s, 70th birthday. Surge in Cash-for-Gold Lender Opens Path to MSCI India Gauge, Kerala Non-banking Finance Companies Welfare Assn, Secretary of Finance Companies Association, Chennai, Times of India group Business Excellence Award. George Alexander Muthoot, managing director, Muthoot Finance, said: “In our 24th public issue of NCDs, we wish to focus on retail and high networth individual investors and … (example: u cannot substitute for you, d is not Please use a genuine email ID and provide your name, to We had branches in every nook and corner. Muthoot Finance has reported strong growth in this quarter, and retained 15% loan growth guidance for FY21. To my knowledge, no bank is giving gold loans with 90 per cent LTV. We usually add 150 to 200 branches every year. Presently, George Alexander Muthoot holds the position of Managing Director & Director at The Muthoot Group, MD & Non-Independent Executive Director at Muthoot Finance Ltd. and President for Association of Gold Loan Cos. (India). The home-rental platform will be listing in the Nasdaq on December 10, but, a ‘surge-priced’ listing is likely ... Senior citizens looking for safe avenues can consider the one-year FD which offers 7.25%. Paul George Global School, New Delhi Sanskara School, Kochi Walk-through Branch locator. George Alexander Muthoot, Managing Director of Muthoot Finance, is not too worried about banks suddenly turning aggressive in the ‘loans against jewellery’ business, which is bread and butter for his company. They have to come to the branch to deposit gold and take it back. You can also download our Android App or IOS App. 'the', n is not 'and'). George Alexander Muthoot is Managing Director at Muthoot Finance Ltd. See George Alexander Muthoot's compensation, career history, education, & memberships. md. Not only banks but other NBFCs (non-banking finance companies) will also look into this (gold loan business) now. For the whole year (FY21), our portfolio growth will definitely be higher than 15 per cent. editorial team. Please Subscribe to get access to one of our early bird packs. George Alexander Muthoot Managing Director, The Muthoot Group. The perfect occasion for a quiz on superstars. The third in a series brings more photography smarts and a better processor but doesn’t quite outdo its ... You can take a cover for ₹1 crore at the age of 35-40 years for your peace of mind. Get Full Digital Access To The Hindu BusinessLine, The Hindu, Frontline, Sportstar, Crossword+, Epaper replica of The Hindu and The Hindu BusinessLine in ONE SINGLE DISCOUNTED PRICE! What trend have you seen in gold loans since the pandemic broke out? Related Videos; 02:53. Co-lending generally happens when there is a dearth of funding. George Alexander. Banks are not snatching our business. There are also other factors such as convenience and turnaround time…Occasionally, banks become very aggressive. So, they are not making as much profit as the other branches (in other States). Muthoot Chambers George Alexander Muthoot, Managing Director, Muthoot Finance, speaks about the Kochi-based company’s journey, and how it addresses the taboo around gold loans. As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨133,229,000. Now it is down to 550. Operationally, our branches are capable of handling more business.”. The hospital is expected to release a medical bulletin on his condition shortly. Please write complete sentences. George M. George is the Managing Director of the Muthoot Leisure & Hospitality Division. Comments will be moderated by The Hindu Business Line George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. The guidance given last year for 15% growth still holds good but we expact to do much better, says George Alexander, MD, Muthoot Finance. George Alexander Muthoot suffered a head injury and was taken to a private hospital, the police said. Increase in LTV has further put banks in a sweet spot. There are people who have taken short-term loans at very high interest; there are credit card roll-overs, and all those things. Within India Outside India. What is the salary of Mr Muthoot? As the MD & Whole Time Director of Muthoot Finance, the total compensation of Mr Muthoot at Muthoot Finance is ₨154,180,000. Wallmine is a radically better financial terminal. Plan a road trip, it is still the safest way to travel. He has a bachelor degree in Commerce from KeralaUniversity where he was a rank holder and gold medalist. Top stocks in focus: ONGC, Tata Power, NMDC & more … There are no executives at Muthoot Finance getting paid more. The rationalisation is only due to business considerations…The State has traditionally not been a lending state. Experience cleaner site with zero ads and faster load times. 03:08. It is not merely the interest rate that a customer sees. He has a Bachelor’s degree in Commerce from Kerala University where he was a rank holder and gold medalist. In Kerala, the average business per branch is only ₹2 crore. 0 claps +0 And it has every reason to smile. Sign up in seconds, it's free! Kochi, 682 018 There are no executives at Muthoot Finance getting paid more. You have clicked on a link which leaves THBL website, and you will be redirected to a third party website.THBL makes no representations nor has any supervision or control over the content, reliability or security of the third party website, nor shall THBL be liable for its use. George Alexander Muthoot, who suffered head injury has been admitted to a private hospital, police said. Today, for the same gold, you can get 30-40 per cent more loan. Following the attack, Alexander was admitted to the Medical Trust hospital in the city. Sign up in seconds, it's free! Our staff go to big customers (their house) and bring the gold to the branch. Explore more on George Alexander Muthoot. George Alexander Muthoot, Managing Director of Muthoot Finance, is not too worried about banks suddenly turning aggressive in the ‘loans against jewellery’ business, which is … Follow @EconomicTimes. In fact, our branches can handle much more (business). George Alexander Muthoot is a chartered accountant who qualified with a first rank in Kerala and ranked 20th overall in India, in 1978. There are no executives at Muthoot Finance getting paid more. After some time, financial intermediaries, which are not focused, will lose interest. Do you see this as a disadvantage? Do not type comments in Go and pay off this high-cost debt.’. What is the status of your branch expansion? George Alexander Muthoot (born September 16, 1955) is an Indian entrepreneur and businessman, he is currently the Managing Director of the Muthoot Group, a business conglomerate in … George Alexander Muthoot is the MD & Whole Time Director at Muthoot Finance. . India. Offer closes soon. gold loans. Age 62 Years Old old. Actually, the pie (of gold loans) is increasing. abbreviated text. 1046 views. Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. RBI increased LTV on gold loans to 90% for banks. 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