About Muthoot Capital Services Limited

Established in 1994, Muthoot Capital Services Limited (MCSL) is a Deposit Taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India and publicly listed on BSE and NSE. It is part of the Muthoot Pappachan Group, with the company’s debt instruments actively traded on BSE, reflecting market confidence in its stability. MCSL offers credit and savings solutions across India, serving retail, corporate and institutional clients through the extensive branch network of Muthoot FinCorp Limited, dealership tie-ups and digital platforms.

The company’s product suite includes Two-Wheeler Loans, Used Car Loans, Business Loans and investment products such as Fixed Deposits and Subordinated Debentures, designed to support mobility, entrepreneurship and wealth creation. During the latest year, MCSL continued to deepen its nationwide presence, expanding significantly in North and Central India by entering Bihar, Jharkhand, Uttar Pradesh and Rajasthan.

MCSL has no subsidiaries, joint ventures or associate companies.

Key Milestones of Muthoot Capital Services Limited

• Highest-ever disbursements of Rs 2,642 crore, with new loans disbursed (excluding loyalty loans) of Rs 2,611 crore.
• Assets under Management of Rs 3,06,043 lakh as on March 31, 2025, crossing Rs 3,000 crore during the year.
• Gross NPA at 4.88% and Net NPA at 2.30% as on March 31, 2025.
• CRISIL credit rating of A+/Stable as on March 31, 2025.

Muthoot Capital Services Limited Business Verticals and Geographical Presence

The Company’s microfinance business contributes 94% of turnover (NIC 64990). The company operates purely in the domestic market with zero export contributions. It serves across 20 States and Union Territories covering urban, rural and semi-urban segments with a client base of 3.43 million customers. Geographic exposure is South 48%, North 24%, West 14%, and East 14%.

Muthoot Capital Services Limited Business Segment

MCSL offers deposit-taking NBFC financial services, including Two-Wheeler Loans, Used Car Loans, Business Loans, Fixed Deposits, and Subordinated Debentures. Its approach supports mobility, entrepreneurship, and wealth creation through retail, corporate, and institutional channels.

Muthoot Capital Services Limited Key Management

• Mrs. Tina Suzanne George — Whole-Time Director
• Mr. Mathews Markose — Chief Executive Officer
• Mr. Ramandeep Singh — Chief Financial Officer
• Ms. Deepa Gopalakrishnan — Company Secretary & Compliance Officer
• Udeesh Ullas — Chief Operating Officer
• Linson C Paul — Chief Technology Officer
• Jinsu Joseph — Chief Risk Officer

Latest Updates on Muthoot Capital Services Limited

• Portfolio diversification into used cars and pre-owned commercial vehicles alongside flagship two-wheeler financing.
• Digital-first transformation with data analytics, origination scorecards, and real-time credit decision tools.
• Expanded presence in Bihar, Jharkhand, Uttar Pradesh and Rajasthan and launched an Alternate Channel vertical in collaboration with Group companies.
• Disbursements rose significantly, Assets Under Management increased to Rs. 3,06,043 lakh.
• Gross and Net NPA reduced to 4.88% and 2.30% respectively as on March 31, 2025.
• Raised Rs 79,100 lakh Non-Convertible Debentures and Rs 79,533.70 lakh Commercial Paper during the year.
• CRISIL rating maintained at A+/Stable across bank loans, fixed deposits, and debentures.
• Received multiple awards including Best Vehicle Financer of the Year 2024, Great Place To Work India, and Most Influential NBFC of the Year 2025.
• Significant board changes with new Whole-Time and Non-Executive Directors joining in late 2024 and early 2025.