Company Overview - Muthoot Capital Services Limited

Key Highlights

Muthoot Capital is part of the Muthoot Pappachan Group, a significant player in the financial services sector.

MCSL is the Group's retail arm, offering two-wheelers, used four-wheelers, loyalty loans, and other business loans.

Strong growth in AUM over the last fiscal to INR 3057.76 Crore in Mar'25 from INR 2,018 Crore in Mar'24 and a Net Worth of INR 658.06 Crore.

Capital adequacy ratio of 22.36% and net NPA of 2.30% as of Mar'25

Overview

Incorporated in 1994, MCSL is a deposit-taking, systemically important non-banking financial company (NBFC). Though the company started operations in 1995, it commenced lending activities in 1998 after acquiring an NBFC license. Initially, it provided gold loans, but subsequently, as the group scaled up its gold financing business in MFL, MCSL entered the two-wheeler financing segment in fiscal 1998 and gradually exited the gold loan business. 

Although MCSL’s portfolio majorly consists of 2-wheeler financing, entity also onward lends to smaller NBFCs in the retail financing space, in the form of term loans. Other products being used four-wheeler, loyalty loans and other business loans.

Management

Mathews Markose (CEO) 

Mathews Markose is a Banking professional with hands on experience in Retail Liabilities, Branch Banking, Retail Assets & SME businesses across all levels of the hierarchy. He comes with a rich experience spanning 26 years with organisations like HSBC, ICICI Bank, Kotak Mahindra Bank and ESAF Small Finance Bank before joining Muthoot Capital Services as the CEO. His core competence lies in setting up businesses from the grassroot, Team building, setting up Products, Processes and Compliance aspects of the business and build scale. He is a prudent Banker who focusses on Building a healthy Top line with unequivocal focus on the profitability. He brings in a collaborative approach in his management style and is a people’s leader who focusses on positively influencing his team and rallying them around a common objective.

Ramandeep Singh Gill (CFO)

Chartered Accountant with over 7 years of post-qualification experience with strong knowledge of Mortgage accounting. Last assignment was with PNB housing finance Ltd, as National account manager. Proven track record of structure, manage and drive financial interface and statutory compliances of housing business, at regional as well as national level. Strong ability to manage profitable growth through critical analysis of loan accounting, expense and revenue streams of the organization. Sound knowledge of quality and process controls implemented ERP solutions as well as competency management. Started Career with HSBC as P&L reconciler, responsible for intercompany reconciliations and assessing the MTM impacts. Instrumental in handling complete financial control-cum-reporting, MIS Reporting, Loan Accounting among others.

Key Financials- FY25:

All figures in INR crore

Lenders

The prominent lenders in Muthoot Capital Services Limited are:

Bank:

·       State Punjab National Bank

·       Union Bank of India

·       State Bank of India

·       Central Bank of India Limited

·       IDFC First Bank

·       AU Small Finance Bank

FI (NBFC):

·       Poonawalla Finance private Limited

·       Oxyzo Financial services private Limited

Explore corporate bonds below for Muthoot Capital Services Limited

Above mentioned corporate bond details are as of Date: 20.08.2025.

Disclaimer:

Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.