Muthoot Microfin Limited IPO Detail

Incorporated in April 1992, Muthoot Microfin Limited is a microfinance institution that specialises in granting microloans to female customers, primarily for the purpose of generating income and focusing on rural regions of India. As of March 31, 2023, the company had a gross loan portfolio worth ₹ 92,082.96 million.
The company has opted for the joint liability group model of microfinance, which focuses exclusively on women in low-income households and assumes that if these individuals are given access to credit, they will be able to identify new opportunities and supplement and increase their existing income.

As of March 31, 2023, the company employed 8,236 branch managers, credit managers and relationship managers.
As of March 31, 2023, Muthoot Microfin served 2.77 million customers in 1,172 branches across 321 districts in 18 Indian states and union territories with the help of 10,227 employees.

The company's strengths lie in the following areas:-

• The company has an extensive presence across India.
• Muthoot Microfin focuses on serving rural communities and is committed to the health and social wellbeing of its customers.
• Brand recall and synergies with the Muthoot Pappachan Group
• Robust risk management leads to healthy portfolio quality.
• The company's operating model is designed to be efficient and optimize the use of technology.
• The company strives to leverage technology as much as possible to ensure that operations are streamlined and effective.