Muthoot finance

Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. The company's headquarters are located in Kerala, India, and it operates over 5,000 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 Bombay Stock Exchange (BSE) and NSE. As of March 2012, revenue (after expenditure) stood at more than ?23,000 crore (US$4.2 billion). 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 name "Muthoot Finance Limited". During the year 2009–10, the company added 620 new branches.

In July 2016, Muthoot Finance acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL).

In May 2018, Muthoot Finance acquired Muthoot Money, a Non Deposit taking Non-Banking Financial Company.

Awards and recognition

• Muthoot Finance won the Skoch Financial Inclusion Award 2013 in recognition of its major initiative in the area of 'Access to Banking and Financial Services' to the aam aadmi who had been excluded from the country's banking network for decades.
• In 2012, Muthoot Finance was voted the most trusted finance brand in India according to the Brand Trust Report 2012, a study conducted by Trust Research Advisory. In the Brand Trust Report 2013 however, Muthoot Finance was voted second-most trusted finance brand in India, but it regained its place as India's most trusted finance brand in the Brand Trust Report 2014.
• In 2012, the company won the Asian Sustainability Leadership Award for "Best Rural Outreach.
• BFSI Award for the "Most Admired Loyalty Program" in 2012 at The Asian Leadership Awards heald at Dubai.
• Golden Peacock Award for CSR being conferred upon Muthoot Finance Ltd. in the financial services sector at the 7th International Conference on Social RESPONSIBILITY at the Dubai Global Convention 2012.
• In 2013 company won the Golden Peacock Award "HR Excellence for 2013", which recognizes the continuing commitment by business to conduct itself ethically and contribute to economic development, while improving the quality of life of the workforce.

LIC Housing finance

LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai. LIC HFL is a subsidiary company of LIC.

The main objective of the company is to provide long-term financing to individuals for the purchase or construction of houses or flats for residential purposes; the company also finances for the purpose of repair and renovation of existing flats and houses. The NBFC also provides financing on existing property for business and personal needs and gives loans to professionals for purchase or construction of Clinics, Nursing Homes, Diagnostic Centres, Office Space and also for purchase of equipments. The Company is very well known for providing long term financing to individuals engaged in the business of construction of houses or flats for residential purpose. LIC of India also holds promoter and controller status in IDBI Bank Ltd from January 2019.

The company was incorporated on June 19, 1989, under the Companies Act, 1956. It is promoted by Life Insurance Corporation of India and went public in the year 1994. The maiden global depository receipt (GDR) issue was launched in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 crore) and its paid-up Capital is Rs.1009.9 Million (Rs.100.99 crore). The Company is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.

In FY-2019, It has 9 regional offices, 23 back-offices and 273 marketing Offices across India. It also has 2 foreign offices in Kuwait and Dubai to cater to the Non-Resident Indians in the Persian Gulf countries covering the residents of Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. It has more than 450 centres across India. Company also has more than 12000 marketing intermediaries or agents to guide through the loan processes. It also has online home loan approvals facility through its website.

Listing: The equity shares of LIC HFL are listed on Bombay Stock Exchange and the National Stock Exchange of India. Its Global depository receipts are listed on the Luxembourg Stock Exchange.

Shareholding: On 31 March 2016, 40.31% of the equity shares of the company were owned by LIC. the Foreign Institutional Investors (FII) held approx. 32% of the shares. Around 158,000 individual public shareholders own approximately 9% of its shares. The remaining 18% shares are owned by others.

As of 2019, the company has total of 2103 employees, with net profit per employee amounting to approximately Rs. 94.62 lakh.

Bajaj Finance

Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. It has a customer base of 88.11 million and holds assets under management worth ?354,192 crore (US$41 billion), as of June 2024.

Headquartered in Pune, Maharashtra, the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. The company reported a pre-tax profit of Rs.626 crores and a post-tax profit of Rs.408 crores at a ROA of 0.8% and ROE of 5.1% in Q2 FY17.

Originally incorporated as Bajaj Auto Finance Limited on March 25, 1987, the non-bank singularly focused on providing two and three wheeler finance. After 11 years in the auto finance market, Bajaj Auto Finance Ltd launched its initial public issue of equity share and was listed on the BSE and NSE.

At the turn of the 20th century, the company ventured into the durables finance sector. In the subsequent years, Bajaj Auto Finance diversified into business and property loans as well.

In the year 2006, the company's assets under management hit the Rs.1,000 crore mark and is currently at Rs.52,332 crore. 2010 saw the company's registered name change from Bajaj Auto Finance Limited to Bajaj Finance Limited,.