P.E. Mathai of Muthoottu Mini Financiers wins ‘Best CEO’ Award

Kochi, March 12, 2024: Muthoottu Mini Financiers Ltd, one of the country’s leading NBFCs, is proud to announce that P.E. Mathai, Chief Executive Officer (CEO) of Muthoottu Mini Financiers, has been awarded the Best CEO in the Banking, Financial Services, and Insurance (BFSI) category at the Indian Leadership Summit and Awards by The Business Fame. This recognition highlights Mr. Mathai's leadership, vision, and contributions to the financial sector.

This acknowledgment as the Best CEO in BFSI reflects Mathai’s strategic leadership at Muthoottu Mini Financiers. Under his guidance, the company has achieved significant milestones, including 103% QoQ profit growth in Q1 of this financial year, expanding to 900+ branches of Muthoottu Mini Financiers nationwide, and working towards having 1000 branches nation-wide by the end of 2024. Mathai’s commitment to financial stability is reflected in the company's CARE rating improvement, rising from BBB- in 2019 to a commendable A- in 2022. The company has registered a cumulative Asset Under Management (AUM) growth of 100% over the past four years - averaging 25% per year.

When the pandemic struck, Mathai emerged as a steadfast captain, guiding Muthoottu Mini through uncharted waters. Branch networks expanded, diverse product offerings emerged, and the organization's commitment to financial lifelines remained unwavering. Together with Muthoottu Mini’s other leaders, Mr. Mathai spearheads the ambitious goal of growing AUM to INR 7,000 crores by 2027. A key facet of Mr. Mathai's leadership is the drive at Muthoottu Mini to go 'digital‘, aligning with the digitization of the gold loan segment to reach those in need across the country.

Expressing his gratitude, P.E. Mathai, CEO, Muthoottu Mini Financiers, said, "I am humbled and grateful to receive the Best CEO Award in BFSI sector at The Business Fame's Indian Leadership Summit and Awards. This recognition is a testament to the efforts of the entire team working hard at Muthoottu Mini Financiers to make common people achieve their dreams through our high-quality financial service products. We remain committed to innovation, customer satisfaction, and sustained growth in the sector."

The Business Fame's Indian Leadership Awards and Summit is a platform that acknowledges leaders and organizations across diverse industries in India. The awards recognize individuals and entities that have set benchmarks for success and made contributions to the country's economic development.

The award ceremony brought together leaders from various sectors to acknowledge individuals who have demonstrated commitment and impact in their fields.