Muthoot Forex Limited

Provides financial services, excluding insurance, as a full-fledged money changer under RBI regulations.

2000 | Ernakulam, Kerala (India) | Active
Last Updated:

Muthoot Forex Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 11.00 Cr
  • Company Age 24 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 20.30 Cr
  • Revenue Growth 29.76%
  • Profit Growth 0.40%
  • Ebitda 1000.78%
  • Net Worth 10.62%
  • Total Assets 11.23%

About Muthoot Forex

Muthoot Forex Limited (MFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 04 September 2000 and has a history of 24 years and seven months. Its registered office is in Ernakulam, Kerala, India.

The Corporate was formerly known as Muthoot Exchange Company Private Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 11.00 Cr.

The company has closed loans amounting to ₹20.30 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Muthoot Forex Limited India are Jinil Jose as Company Secretary, Riya Augustus as Cfo, and Sankarapillai Satheeshkumar as Ceo. George Muthoot, Anna Alexander, George Muthoot, and Four other members serve as directors at the Company.

Company Details

  • Location

    Ernakulam, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U67190KL2000PLC014180

  • Company No.

    014180

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    04 Sep 2000

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Financial Services

What products or services does Muthoot Forex Limited offer?

Muthoot Forex Limited offers a wide range of products and services, including Career Guidance & Admission Services, Educational Services, Business Auditing & Valuation, Money Transfer Services.

Company report

Muthoot Forex Limited

Explore comprehensive data for Muthoot Forex Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Muthoot Forex?

Executive Team (3)

NameDesignationAppointment DateStatus
Jinil Jose Company Secretary27-May-2024Current
Riya Augustus CFO19-Aug-2024Current
Sankarapillai Satheeshkumar CEO19-Aug-2024Current

Board Members (7)

NameDesignationAppointment DateStatus
George Muthoot Country flag representing In Director 31-Mar-2015Current
George Muthoot Country flag representing In Director 04-Sep-2000Current
Anna Alexander Country flag representing In Director 04-Sep-2000Current
Elizabeth Jacob Country flag representing In Director 30-Sep-2014Current
Kuttickattu Bijimon Country flag representing In Director 30-Sep-2014Current
Kurian George Country flag representing In Director 30-Sep-2022Current

Financial Performance of Muthoot Forex.

Muthoot Forex Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 29.76% increase. The company also saw a slight improvement in profitability, with a 0.4% increase in profit. The company's net worth Soared by an impressive increase of 10.62%.

Muthoot Forex revenue growth over time
Muthoot Forex profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
29.76%
Revenue from Operations
39.89%
Total Assets
11.23%
Profit or Loss
0.40%
Net Worth
10.62%
EBITDA
1000.78%

What is the Ownership and Shareholding Structure of Muthoot Forex?

In 2022, Muthoot Forex had a promoter holding of 63.91% and a public holding of 36.09%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹20.30 Cr

Charges Breakdown by Lending Institutions

  • Indusind Bank Limited : 10.00 Cr
  • Others : 9.05 Cr
  • Idbi Bank Ltd : 1.25 Cr

Latest Charge Details

DateLenderAmountStatus
27 Sep 2018Others₹9.05 CrSatisfied
17 May 2014Indusind Bank Limited₹10.00 CrSatisfied
11 Nov 2005Idbi Bank Ltd₹1.25 CrSatisfied

How Many Employees Work at Muthoot Forex?

Muthoot Forex has a workforce of 114 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Muthoot Forex Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Muthoot Forex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Muthoot Forex's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Muthoot Forex

Recent activity within the organization

  • Annual General Meeting

    Muthoot Forex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Kiran Gopalakrishna Pillai was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 6 months 25 days .

  • Director Appointment

    Riya Teresa Konnully Augustus was appointed as a Cfo was appointed as a Cfo on 19 Aug 2024 & has been associated with this company since 8 months 5 days .

  • Director Appointment

    Sankarapillai Satheeshkumar was appointed as a Ceo was appointed as a Ceo on 19 Aug 2024 & has been associated with this company since 8 months 5 days .

  • Director Appointment

    Jinil Jose was appointed as a Company Secretary was appointed as a Company Secretary on 27 May 2024 & has been associated with this company since 10 months 28 days .

  • Balance Sheet

    Muthoot Forex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.

Frequently asked questions

  • What is the Incorporation or founding date of Muthoot Forex Limited?

    Muthoot Forex Limited was incorporated on 04 Sep 2000.

  • What is authorized share capital and paid-up capital of Muthoot Forex Limited?

    The authorized share capital of Muthoot Forex Limited is ₹ 20.00 Cr and paid-up capital is ₹ 11.00 Cr.

  • Who are the current board members & directors of Muthoot Forex Limited?

    Currently 10 directors are associated with Muthoot Forex Limited.

    • George Alexander Muthoot
    • Anna Alexander
    • George Jacob Muthoot
    • Elizabeth Jacob
    • Kuttickattu Rajappan Bijimon
    • Kurian Chirathalattu George
    • Kiran Gopalakrishna Pillai
    • Jinil Jose
    • Riya Teresa Konnully Augustus
    • Sankarapillai Satheeshkumar

  • What is the registered address of Muthoot Forex Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Muthoot Forex Limited is 3Rd Floor Kurian Towersopp Saritha Theatre Complex Banerji Road India, Ernakulam, Kerala, 682018.

  • What is the corporate identification number (CIN) and company number of Muthoot Forex Limited?

    The corporate identification number (CIN) of Muthoot Forex Limited is U67190KL2000PLC014180 and the company number is 014180 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Muthoot Forex Limited?

    The Official website of Muthoot Forex Limited is https://www.muthootforex.com

  • What has been the recent revenue trend for Muthoot Forex Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Muthoot Forex Limited has risen by 29.76%.

  • How many employees does Muthoot Forex Limited currently have?

    As Per 2023 financial reports, 114 employees are currently employed by Muthoot Forex Limited.

  • What change has been observed in the net worth of Muthoot Forex Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Muthoot Forex Limited has experienced an upsurge of 10.62%.

  • When was the last Balance Sheet of Muthoot Forex Limited filed with the ROC?

    The most recent Balance Sheet for Muthoot Forex Limited was filed with the ROC on 31 Mar 2024.

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