National, August 07, 2023: Muthoot Finance Ltd, India’s largest gold loan NBFC, has been awarded the prestigious “Issuer of The Year – Public Issuance” award at the 6th National Summit & Awards Corporate Bond Market 2023 organized by ASSOCHAM.
The Indian bond market is expected to draw substantial capital, particularly to bolster the $5 Trillion economy. ASSOCHAM’s 6th edition of National Summit & Awards on Corporate Bond Market aimed to recognize, reward, and celebrate models of inclusive growth and sustainable development as well as innovative approaches to creating value for society and business together.
For generations Muthoot Finance has provided an alternative source of finance and income to its various investors. The corporate bond ‘Issuer of The Year – Public Issuance’ award recognizes Muthoot Finance’s outstanding contribution towards undertaking retail mobilization of Non-Convertible Debentures (NCDs) through Public Issuance. Over the last 12 years, Muthoot Finance has successfully announced 31 Public Issuances of NCDs, raising more than Rs. 20,000 crores primarily focussing on retail investors. The company has prioritized the safety of its investors by providing them with AA+/Stable rated NCDs by ICRA, along with attractive rate of return. The issuance of the bonds has always been primarily focused on empowering retail investors and providing them with a solid avenue to diversify their investment portfolio.
Speaking on the achievement, Mr. George Alexander Muthoot, MD, Muthoot Finance, said, “We are glad and grateful to receive the prestigious Corporate Bond ‘Issuer of The Year – Public Issuance’ award by ASSOCHAM. This recognition reflects our dedication to providing excellent service to our 2+ lakh daily customers and more than 1 lakh retail investors, who have been an integral part of our journey. Through a widespread presence across the nation with over 5800+ branches, we have been able to earn significant trust from people for generations. We extend our heartfelt gratitude to all our stakeholders including customers, investors, credit rating agencies, debenture trustees, registrars, bankers, investment bankers, brokers, and employees for their unwavering support in making our issuances successful. We take immense pride in this achievement and shall continue to strive to build a legacy for financial inclusion in the country.”
