Growth - A way of lifeThe spectacular growth of the Muthoot Group is the result of trust and confidence that millions of our satisfied Customers have reposed in us and the legacy of 124 years based on values & ethics.Over the years, we have helped people fulfilling their dreams & ambitions by providing meaningful, honest and unparalleled services & Products. Today we have built a reputation which is unsurpassed by any standard of measuring yardstick.we have challenged ourselves to perform better than the best. We have now launched a new venture in Gold Financing, offering Customers loan against the security of Gold Exchange Traded Funds (ETFs) units. This will not only add value to the services but also enable the Company to service financial requirements of new Customer segment. The ETFs are listed in Stock Exchanges and can be bought & sold on a real time basis, giving the instrument immense liquidity.

The first Quarterly results of Muthoot Finance following the IPO are a clear indication of the great future that is beckoning us. As compared to Rs. 85 Crores during the last Fiscal, we have registered a Net Profit of Rs. 190 Crores for the Quarter ended 30th June 2011 - a tremendous 123% growth. The total Income for the Quarter stood at Rs. 920 Crores as compared to Rs. 380 Crores in the last Fiscal, which translates into a growth of 141%. The process of globalization and our move towards global standards changed the perception of Customer Service and our endeavour to serve the Customer better resulted in innovative Services and Products.Remember, excelling and managing Customer relationship is the future of any Business. The Customer focusing is not to be viewed as just a Business strategy but should become a Corporate Mission. In order to create a branded service, it is important to become Customer-centric.Now, determination is to be built up at all levels of administration for achieving the optimal result. The primary objective/goal is share holder value Maximization, without however diluting our ethics and values at any cost.In several areas of Business such as Resource, Advances, Non-Interest Income etc., the objective potent should be to increase our Market share at all levels, as a means of improving profitability. This will require a change in the mindset of different functionaries in Head Office, Regional & Branch levels and profit maximization should be the focus of all exercises at all levels of administration. By the grace of God Almighty, we have come a long way but we sincerely believe that we have many more miles to go. It will be apt to quote the famous lines of Robert Frost, the great American Poet, immortalized by our first Prime Minister, Pandit Jawaharlal Nehru, who used to keep the following lines under the glass pane of his study table,“The woods are lovely, dark & deepBut I have promises to keepAnd miles to go before I SleepAnd miles to go before I Sleep.”

ChairmanM.G.George Muthoot

From the Chairman’s Desk

World Malayalee Council has awarded “Business Man of the Decade“ award to Shri. M. G. George Muthoot, Chairman, Muthoot Group, at a glittering ceremony held at Gokulam Convention Centre, Kochi. The award was handed over to Shri. M. G. George Muthoot, by Shri. Vayalar Ravi, Union Cabinet Minister for Overseas Indian Affairs and Minister of Civil Aviation.

Delhi Malayalee Association honoured Shri. M.G. George Muthoot, Chairman, The Muthoot Group at a colorful function held at Siri Fort Auditorium, New Delhi. Shri. A.K. Antony, Hon’ble Defence Minister of India, Shri. Vayalar Ravi, Union Cabinet Minister for Overseas Indian Affairs and Minister of Civil Aviation were present at this occasion.

VOL XVI / ISSUE #3 / SEPTEMBER 11for private cirulation only

The country wide investors of Gold ETFs (Exchange Traded Funds) can now avail hassle free loan against their ETF units from Muthoot Finance Ltd. Muthoot Finance Ltd - the largest gold financing NBFC in India, will now offer loans to the public against the security of Gold ETFs (Exchange Traded Funds). Gold Exchange Traded Funds (ETF), commonly referred as ‘Paper Gold’ are mutual fund units issued by Asset Management Companies against 995 purity physical gold deposited with a SEBI registered custodian. Gold ETFs are listed and traded on stock exchanges; hence, can be bought and sold like stocks on a real-time basis. These funds are passively managed and mirror the domestic gold prices. By enabling investors to invest in gold without holding it in physical form, Gold ETFs offer a rather unique investment opportunity to investors.

Muthoot M George Excellence Award Distribution at Infant Jesus Anglo Indian Higher Secondary School, Thangassery.

Muthoot Finance Present Star Vijay Nite, Coimbatore.

Mr. M. K. George, Regional Manager, Ernakulam sings with “Angel Voice Orchestra at Fine Arts Hall Ernakulam on the occasion of the release of special cover, commemorating the birth centenary of Late Mr. M George Muthoot, by postal authorities on 18.06.2011.

Kottayam Ernakulam Calicut

TrichurKollam Alleppey

Under the auspices of Muthoot M George Foundation, The Muthoot Group distributed Muthoot M George

Excellence Awards to the 10th standard topers of 200 Government Schools in Ernakulam, Pathanamthitta, Calicut, Alleppey,

Kottayam, Trissur & Kollam Educational Districts.

Muthoot Travelsmart won the 1st prize in Keraleeya Vesham contest 2011”, held at Cochin on 6th Sept. 2011.

Adv. S Jithesh, Cartoonist & Secretary, Kerala Animation Acadamy inaugurated the 24th Hospital day celebration of Muthoot Medical Centre, Kozhencherry.Dr. Samuel Joseph, Medical Superintendent, Dr. Georgie Kurien Muthoot, Executive Director, Muthoot Healthcare, Rev. Fr. Abey, Mr. William Issac, Ms. Lakshmi Prasad, Idea Star Singer 2007 fame were also present on this occasion.

H G Kuriakose Mar Cleemis Metropolitha (Metropolitan of Thumbamon Diocese) inaugurates the Renovated Dialysis Unit of Muthoot Medical Centre, Kozhencherry. Photo from left: Col D. Varghese, Mr.Babu George, Pathanamthitta District Panchayathu President, Mr. K.C. Rajagopal MLA, Dr. Manjula Ramachandran, Dr. Samuel Joseph, Medical Superintendent, Captain Raju, Mr. Babu George, General Manager-Administration, Dr. Georgie Kurien Muthoot, Executive Director, Muthoot Healthcare.

H.G. Dr. Thomas Mar Athanosis Metropolita (Metropolitan of Chengannoor Diocese) inaugurated the Birth Centenary Celebration of Late Mr. M George Muthoot - Founder Chairman of The Muthoot Group. Mr. Victor T Thomas, Col. D. Varghese, Divisional Manager, Dr. Samuel Joseph, Medical Superintendent, Mr. George Alexander Muthoot Managing Director, Prof. Dr. K. V. Mathai, Mrs. Valsa Kurien Muthoot, Director were also present on this occasion.

As part of Shri. M George Muthoot Birth centenary Celebrations 2011, Muthoot Medical Centre conducted a free orthopedic camp. The camp was inaugurated by Mr. Binu Zacharia, Kozhencherry Grama Panchayath President. Mr. R. Babu George, General Manager-Administration, Dr. Samuel Joseph, Medical Superintendent, Mr. Mathew Sankarathil, Asst. Editor, Malayala Manorama, Dr. Georgie Kurien Muthoot, Executive Director, Muthoot Healthcare were also present on this occasion.

Mumbai

Kolkata

Hyderabad

Chennai

New Delhi

IDG India’s CIO magazine has awarded the CIO100 Award to the core banking solution (CBS) developed by Muthoot Systems & Technologies(Emsyne) at the 6th annual CIO100 awards in Pune on Saturday, August 27th, 2011 at the Marriott, Pune. Mr. K N C Nair, Head – IT, Muthoot Finance received the Award from Shri. Jaideep Mehta, Country Manager, IDC.

Mr. George Alexander Muthoot, Managing Director, The Muthoot Group honoring Cine Artist Mr. Salim Kumar for getting the National Award for his performance in the movie “Adaminte Makan Abu”

NCD Press Meet

Mr. Anto, DSP, Kottarakkara handed over the Cheque for Traffic Warden System at Kottarakkara to Ms Isha Potti MLA on a function organized at Kottarakkara. Mr Simon Kurian, Regional Manager, Mr. Jacob George, State Head - Sales, Mr. Babu John Malayil, Asst. General Manager , Mr. Jacob Vadakkedath, Panchayath President, Mr. T.M Mathews, AGM – Kollam were also present on this occasion

Titan Industries, the Largest Jewellery Chain in Tamil Nadu has joined hands with India’s Largest Gold Loan Company “Muthoot Finance Limited” to enable customers to realize their dream of owning gold jewellery by paying 15% of actual price on buying and remaining price in monthly installments. This tie-up aims to enable thousands of customers in the rural India, own and invest in gold jewellery of their choice from Goldplus, without selling their old jewellery or other assets.

Launching this unique scheme, Mr. George M George, Executive Director, Muthoot Group, informed media that “Under this scheme, customers would need to pay only 15% of actual price of the ornaments at the time of buying the ornaments. The remaining amount needs to be paid in monthly installments to Muthoot Finance Limited. The customers will be given a 30-day interest free period to repay the loan amount. After which, they will be charged lowest interest rates and a repayment period up to 2 years.”Mr. Palani Kumar – General Manager, Goldplus said that this offer is as of now available only in Nagercoil, Marthandam, Tanjavur, Kumbakonam, Mayiladuthurai & Pattukottai stores of Goldplus and soon would be rolled out across all stores of Goldplus. To know more about this offer, customers can walk into the nearest Goldplus showroom or Muthoot Finance branch.Goldplus: Goldplus, a leading jewellery retail brand from Titan Industries Limited – A TATA Group Company, is India’s only corporate brand in the mass-market gold retail business. With 30 retail stores spread across tier III & tier IV towns, Goldplus from Tata is well known for its pure gold jewellery, transparent business practices and wide range of Jewellery.Goldplus offers a wide range of jewellery in diamonds, uncut diamonds, rubies, emeralds and other precious stones. Manufactured in its 1, 50,000 sq.ft. state-of-the-art manufacturing facility at Hosur, Tamil Nadu, every piece of jewellery goes through elaborate and intense quality checks to ensure the purity of gold and a perfect finish of the jewellery.Goldplus not just sells pure gold jewellery. It even ensures every product is endorsed by a certificate from the house of TATA’s that states the purity of the gold and the quality of diamonds & other precious stones used in the jewellery. Every store has a karatmeter where consumers can check the purity of gold free of cost. For more information, log on to www.goldplus.in

Our Pattom Branch under Trivandrum North Region crossed `100 crores turn over and became the first branch to cross this Land Mark. In the photo our JMD, Trivandrum is felicitating the staff members of the Branch.

Smt. Bhadra, Hon’ble Deputy Mayor of Corporation of Cochin inaugurated our Kaloor Stadium Branch. Regional Manager. Shri. M.K George, Division Councilor Smt. Gracy Joseph, Muthoot Group General Manager Shri. Cherian Peter, Merchants Association Kaloor Unit President Shri. Peethambaran were also present on the occasion.

Trivandrum Vellayambalam Branch opening function. Mr.George Jacob Muthoot JMD lights the lamp.

Inauguration of our Sastri Road branch under Kottayam Region. Mr. GeorgeThomas Muthoot, Jt. Managing Director, The Muthoot Group addressing the gathering.

Trivandrum North Region Anniversary Celebration.

Blessing ceremony of Trivandrum, Jawahar Nagar branch.

(Right to left. (5) Ms. Sheila Dikshit (The Chief Minister of Delhi), (6) Dr. Ms. Sara George, Principal St. George’s School, (11) Ms. Sunita Narain, Director General, CSE and Staff members and Students of St. George’s School, Alaknanda, New Delhi).

A joyous moment for the students of St. George’s School, New Delhi as they bagged coveted positions at the Green School Award function held on 15th July at the India Habitat Centre. Being the show stoppers in the Change Makers category the Georgeans bagged the 4th position in the National Category out of 15,000 schools pan India and was one of the two schools from Delhi which qualified for the 20 national toppers. They also won the coveted 2nd position in the Delhi State Category. The 2010-11 awards were given away by Ms. Shiela Dikshit, Honourable Chief Minister of Delhi and members of Indian Ocean, the iconic contemporary rock band. Other eminent guests present on the occasion were Ms. Sunita Narain, Director General, CSE.

GEORGEANS SHINE AT THE CSE’S GREEN SCHOOL AWARDS 2010-11 In the past year, as Muthoot Group

planned the initial public offering of its finance division, the company also planned for its hospitality division to operate independently, under outside professional management. We are writing to let you know that today this transition is complete.Muthoot Cardamom County will return to using its original trade name, Cardamom County; and Muthoot Backwater Cruises will return to using its original trade name, River Escapes. Both properties are doubling their efforts at providing authentic Kerala hospitality at the highest standards. Both are expanding their commitments to creative conservation and to collaborating with the communities where they operate to improve local livelihoods. To this end we are introducing Raxa Collective, which will now serve as our unifying brand identity. While each property will be known by its own trade name, they will be affiliated with a growing network of resorts around the world with common values. What does it mean? Raxa is a derivative of the Sanskrit word for protection. Collective is meant to evoke the spirit of cooperation within a committed group. We encourage you to visit our website, www.raxacollective.com, and its companion site that committed interns and associates have initiated: http://raxacollective.wordpress.com. We also take this opportunity to remind you of a few key details about our properties:Cardamom County, in the spice-growing upper reaches of the Western Ghats, offers 44 well-appointed guest rooms at the edge of the Periyar Tiger Reserve in Thekkady. The Reserve offers spectacular interpretive nature excursions. Our natural farm provides spices, vegetables and fruits, mushrooms, eggs and poultry to the fusion cuisine All Spice restaurant; room service is available at all times. Ayura, our Ayurvedic wellness center, offers treatments ranging from brief rejuvenation sessions to lifestyle-changing health regimens. A swimming pool and exercise room complement Ayura’s treatments. River Escapes at Pallathuruthy, Alleppey offers the finest accommodations on the backwaters, with one bedroom, two bedroom and three bedroom houseboats. Each is equipped with state of the art kitchen and crew that interpret this amazing ecosystem and its shore communities for guests while tending to meals and other comforts. In addition to our houseboats, Pampa Villa is a waterfront villa available at Champakulam, Alleppey for booking to complement the beginning or end of a houseboat journey.

Muthoot Vehicle & Asset Finance Ltd (MVFL) has entered into a MOU with United India Insurance Co Ltd (UIIC) for issuing general insurance policies directly to customers. The MOU covers inter-alia issuing of cover notes, policies, renewal of policies, servicing of policies and hassle free settlement of claims. The agreement would enable MVFL to issue insurance cover at discounted rates to customers. The MOU

Muthoot M George Foundation distributed Study Materials to the Students of Govt. LP School, Udayathumvathil, Panangad.

Ms. Linta Mathew receives financial help from Rev. Fr. John Chacko in the presence of Mr. T.M. Mathews, AGM Kollam, Mr. Varghese Kunjumon, RM, Kollam, Ms. Elizabeth John, Branch Manager, Kadappakkada.

Muthoot Pondicherry region cricket team.

was signed by Mr. Gerard K.John, DGM & CEO, MVFL and Mr.P.Gopakumar, Divisional Manager, United India at the Corporate Office of MVFL, Cochin on 29.06.11.

• Financial Services • Hospitality • Real Estate • Education • Healthcare • IT • Media • Forex • Money Transfer • Wealth Management • Precious Metals • Power Generation • Travel Services • Securities Trading • Commodities & Currency Trading • Plantations • Vehicle & Assets Finance Ltd.

Fixed Income Gold Bond (w.e.f: 01.03.2011)

Monthly Interest SchemePeriod General Special Category**

30 days 7.00 % 7.50 %46 days 8.00 % 8.50 %

3 months 9.00 % 9.50 %6 months 10.00 % 10.50 %12 months 11.00 % 11.50 %400 days 11.50 % 12.00 %

18 months 12.00% 12.50%24 months 12.00% 12.50%30 months 12.00% 12.50%36 months 12.00% 12.50%60 months 11.00% 11.50%

Annual Interest SchemePeriod General Special Category**

12 months 11.50% 12.00%400 days 12.00% 12.50%

18 months 12.50% 13.00%24 months 12.50% 13.00%30 months 12.50% 13.00%36 months 12.50% 13.00%60 months 11.50% 12.00%

Multiplier Bond (w.e.f: 01.03.2011)

PeriodGeneral Special Category**

Maturity value

Effective Yield (p.a.)

Maturity value

Effective Yield (p.a.)

36 months 1426 14.20 1447 14.9060 months 1720 14.40 1762 15.24

**Interest rate for Special Category is applicable to (a) Senior Citizens, (b) State/Central Government Pensioners, (c) Ex- servicemen and their widows, (d) Central/State Award Winners, and (e) Single investment of Rs.25 lakhs and above.

Muthoot Doubling Bond (w.e.f: 08.02.2011)*

PeriodMaturity value of

Rs.1000*Effective Yield*

(p.a.)66 months 2000 18.19%

INTEREST RATES OF GOLD BONDS

*Minimum investment Rs.25,000/-

Call free from BSNL Landline: 1800 425 1887. Customer Care Cell: 98470 91119.Tel: 0484 2396478, 2394712.Fax: 0484 2396506.e-mail: mails@muthootgroup.comwww.muthootgroup.com

Compiled & Published by The Muthoot Group (A Muthoot M George Enterprise), for private circulation. Corporate Office: Muthoot Chambers, Opp. Saritha Theatre Complex, Banerji Road, Kochi - 682 018, Kerala, India.

English

A Special Cover was released by the postal authorities to commemorate Shri. M. George Muthoot, Founder Chairman of Muthoot Finance. The release function was held at Fine Arts Hall, Ernakulam in the presence of Excise Minister – Shri K. Babu.His Grace. Dr. Yakob Mar Irenaios- Metropolitan of Kochi Diocese, Shri, Domnic Presentation, MLA, Shri. Benny Behnan, MLA, Shri. Hibi Eaden, MLA. Shri. M.G. George Muthoot, Chairman, The Muthoot Group, Shri. George Alexander Muthoot, Managing Director, Shri. George M Jacob, Director, Shri. Aravindakshan

Muthoot Finance Directors announcing the Q1 result for the year 2010-2011. Left to Right Mr. George Jacob Muthoot, Jt. Managing Director, Mr. P. George Varghese, Director, Mr. George Alexander Muthoot, Managing Director, Mr. M.G. George Muthoot, Chairman, Justice K. John Mathew, Director, Mr. George Joseph, Director, Mr. George Thomas Muthoot, Jt. Managing Director

a) Retail Loan Assets under Management ` 17949 crores (YoY increase of 96%)

b) Profit after tax ` 190 crores (YoY increase of 125%)

c) Earnings per share ` 5.39 (YoY increase of 198.89%)

d) Income from Operations ` 920 crores (YoY increase of 140%)

Q1 FY 2012 RESULTS

Nair – Senior Post Master, Shri. Salim Kumar – Cine Artist were also present on this occasion.