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Muthoot Finance tumbles after chairman M G George Muthoot passes away

Muthoot Finance fell 3.76% to Rs 1241.25 after the company s chairman and whole-time director, M G George Muthoot, passed away on Friday, 5 March 2021.
The media reported that M G George died on Friday night after he allegedly fell from the fourth floor of his house in southeast Delhi s East of Kailash. George was 72-years-old. He was rushed to Fortis Escort Hospital where he was declared dead during treatment. His postmortem report which was conducted by AIIMS suggests no foul play, reports added.
Under the stewardship of M G George Muthoot, the company saw new heights of growth and became the market leader in gold loan industry. He was responsible for scaling up the Muthoot Group s presence beyond South India by expanding its branch presence across North, East and West India and thereby transforming the company into a pan India organization. ....

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Muthoot Homefin plans to disburse Rs 700 cr home loans in FY22

Muthoot Homefin (India) Ltd (MHIL), a wholly-owned subsidiary of Muthoot Finance, on Sunday said it plans to disburse Rs 700 crore of home loans in the 2021-22 fiscal.
In the first nine months of 2020-21, the housing finance company disbursed Rs 85.6 crore as against Rs 356.4 crore in the same period of the previous fiscal. Currently, it has assets under management of Rs 1,800 crore, a company release said.
The company s Managing Director George Alexander Muthoot said the company is aiming to disburse Rs 700 crore of home loans in FY2021-22. We are steadfastly progressing on taking the Housing for All initiative of the government to the farthest tier II and III locations in the country in order to support the affordable housing needs and aspirations of every Indian. ....

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