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roviding value based financial services to the member clients of Mini Muthoothu and engaging itself in all credit operations, all the while providing reliable and effective solutions to satisfy customers needs. |
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| To maintain continuous growth by utilizing the best means to gain market share in our area of businesses and strategize our investments in specific areas that would yield better returns to shareholders. | ||||
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| Established in 1921, by Shri M Mathew, Mini Muthoottu,
based at Kozhenchery Pathanamthitta, was initially into small time
financing and chit fund business. Later, the group moved into the
corporate area diversifying its resources into various private sector
undertakings. Mini Muthoottu has over the years, gained the goodwill
of people and has been able to pay back the trust invested upon them
with interest. The group has ever since been very active and relied upon in private ban king circles throughout Kerala. Mini Muthoottu presently stands tall amidst the corporate giants operating from 139 branches in Kerala, 31 branches in Tamilnadu and 13 branches in Karnataka.The various corporate diversions of this group include Mini Muthoottu Nidhi Ltd, Mini Muthoottu Nidhi Kerala Ltd, Cochin Mini Muthoottu Nidhi Ltd, Muthoottu Mini Hotels (P) Ltd, Mini Muthoottu Theaters (P) Ltd and Muthoottu Mini Builders. The corporate image of the group was meticulously built-up and developed from the time of its birth. With the Mini Muthoottu family members owning all share holdings, the total fixed asset base of this close knit family of promoters amounts to a whopping 100 crores (10 Million USD) (along with a supporting asset base to the tune 200 crores (20 Million USD) in gold Stock). All business concerns of Mini Muthoottu function under the strict guidelines set by Dept of Company Law Affairs and Reserve Bank of India. Mini Muthoottu is also the proud recipient of the Certificate of Compliance with the requirements regarding prudential norms from the Reserve Bank of India. This provision paves way for the company to raise and deploy much larger amounts of funds, also permits it to pay the appropriate rate of interest on the deposits collected. Shri Roy M Mathew at presently heads the group. The group’s ability to efficiently deploy funds is backed by their consistent endurance since 1921 for having stood out on its own through thick and thin in the ever-fluctuating economy of the country. The group has thus, managed to retain faith of investor in private banking system. Mini Muthoottu offers both the resources and capabilities of the national firm and unmatched personal attention to every local client. Through its own branches and banking network, Mini Muthoottu provides efficient financial services and products throughout the state. The majority depositors being pensioners itself stands as testimony to the credibility of this financial Institution. One of the latest projects, the first-ever intelligent building in the state –Tech Towers, Cochin is speedily approaching completion. Investment on the Tech Towers comes from the debt free asset base of the company. Mini Muthoottu stands by their commitment to professionalism, promise of integrity and dedication to service. |