Muthoottu Mini Financiers Limited was incorporated as a Private Limited Company on 18th March 1998 and was converted into a public Company on 27th November 2013. The Company is promoted by Dr. Roy M. Mathew, Dr. Nizzy Mathew and Mr. M. M. Mathew collectively operating under the Brand Name of Muthoottu Mini Group' which is in the business of lending money against the pledge of household used gold jewellery (gold loans). The group has diverse interests in the fields of Financial Services, Plantation, Real Estate, Foreign Exchange, Insurance distribution, Hospitality etc. The company has obtained certificate of registration from the Reserve Bank of India for carrying on the business of non Banking Financial Institutions on 13th April 2002 vide Regn. No. N-16.00175, which was renewed on 1st January 2014 pursuant to its conversion as a public limited company.

The main source of funding for the Company for the Financial Year 2014-15 has been mainly from Public issue of Secured and Unsecured Redeemable Non Convertible Debentures (NCDs).In the year under review, your Company raised Rs.518.76 crore( FY 2013-14- Rs.195.59 crore) through the public issue route.

The public issues of secured and unsecured non convertible redeemable Debentures are listed in Bombay Stock Exchange limited.

The company's Gold Loan portfolio as of 31 March 2015 comprised of 2,42,525 gold loan accounts aggregating to Rs 1,75,862.64 lacs. As on 31 May 2015,the company has a network of 1,022 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Delhi, Goa, Haryana, Uttar Pradesh, Pondicherry and Maharashtra.

During the FY2015,the company also issues NCDs under the unlisted private placement route to high net worth individuals. The Company was able to raise Rs.23.85 crore through Private Placement.

The company's Gold Loan portfolio as of 31 March 2016 comprised of 5,48,854 gold loan accounts aggregating to Rs. 1,90,555.67 lacs.

As on March 31, 2016,the company has a network of 967 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Delhi, Goa, Haryana, Uttar Pradesh, Pondicherry and Maharashtra.

During the FY2017, there has been a major change in the shareholding pattern of the company. Mr. Roy M Mathew, who was Managing Director of the company resigned his Directorship with effect from 01.03.2016 and the Board of Directors appointed Mr. Mathew Muthoottu as Managing Director with effect from 30.05.2016. Consequent to his resignation, he has also transferred 122,90,000 shares to his son Mathew Muthoottu and 33,16,352 shares to his wife Nizzy Mathew, after getting approval from Reserve Bank of India.

The company's Gold Loan portfolio as of 31 March 2017 comprised of 5,16,004 gold loan accounts aggregating to Rs. 1784.81 crore. As on 31 March 2017,the company has a network of 886 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Delhi, Goa, Haryana, Uttar Pradesh, Pondicherry and Maharashtra.

During the FY2018,the company has made a private placement of 24,52,539 shares at Rs. 165 with a face value of Rs.100,aggregating to Rs 40.47 crore.

The company's Gold Loan portfolio as of 31 March 2018 comprised of 4,11,558 gold loan accounts aggregating to Rs. 1447.95 crore. As on 31 March 2018,the company has a network of 767 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Delhi, Goa, Haryana, Uttar Pradesh, Pondicherry and Maharashtra.

During the FY2019,the Company has issued secured privately placed nonconvertible debentures amounting to Rs. 1,824.00 lakhs and unsecured privately placed non-convertible debentures amounting to Rs. 1,155.00 lakhs.

The Company, pursuant to an assignment agreement dated 31 December 2018 ('Agreement') entered into with the South Indian Bank Limited ('SIB'), has assigned, on receipt of Rs. 20,000 lakhs from SIB, against certain identified receivables (gold loan) and other assets, and all other collateral and underlying security interest created to secure the repayment of each of the facility provided by the Company to its customers.

The company's Gold Loan portfolio as on 31 March 2019 comprises of 3,75,665 Gold Loan accounts, aggregating to Rs. 1,35,105.62 lakhs. As on 31 March 2019, have a network of 767 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Delhi and Goa and the union territory of Puducherry.

During the FY2020,the Company has issued secured privately placed non-convertible debentures amounting to Rs. 11.5 Crore and unsecured privately placed nonconvertible debentures amounting to Rs. 5.91 Crore. During the year, the Company has successfully completed three public issues of Secured Non-Convertible Debenture and has raised Rs. 424.68 Crore.

The Company has entered into a Pass through Certificate Transaction with Development Credit Bank on 21 January 2020 for securitization of its loan receivables arising from the pool of loans provided to various persons from time to time ('Receivables') through Northern Arc 2019 GL Aurum ('Trust'), acting through the trustee Catalyst Trusteeship Limited.

The company's Gold Loan portfolio as on 31 March 31 2020 comprises of 4,37,182 aggregating to Rs 1644.80 crore. As on 30 June 2020,the company had a network of 785 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Delhi and Goa and the union territory of Puducherry.