Stock Report

Double Gold! Muthoot Microfin Shines at SKOCH Awards 2025

Posted On : 2025-03-10 12:04:14( TIMEZONE : IST )

Muthoot Microfin, a leading microfinance institution committed to empowering women entrepreneurs, has achieved a remarkable double victory at the SKOCH Awards 2025, securing two prestigious Gold Awards. The accolades were presented to Mr. Sadaf Sayeed, CEO of Muthoot Microfin, by Mr. Sameer Kochhar, Chairman of SKOCH Group, and Mr. Gursharan Dhanjal, Vice-Chairman of SKOCH Group, at a distinguished ceremony in New Delhi.

The company was recognized for its excellence in digital financial inclusion and insurance solutions, winning:

Corporate Excellence - "Best Customer Application on Digital Financial Inclusion" for its groundbreaking Mahila Mitra initiative. With 1.73 million downloads and an impressive 4.2-star rating, Mahila Mitra has transformed how women in rural India access financial services, making digital transactions seamless and secure.

BFSI Award - "Best Insurance Scheme" for its Griha Raksha Insurance Scheme, which has provided coverage to 2.66 million beneficiaries, reinforcing Muthoot Microfin's commitment to financial security and social empowerment.

Commenting on this significant achievement, Mr. Sadaf Sayeed, CEO, Muthoot Microfin, said "These awards are a testament to our relentless efforts in bridging the financial inclusion gap for women in rural India. Mahila Mitra and Griha Raksha have been instrumental in empowering millions with accessible digital financial solutions and insurance coverage. We remain committed to driving impactful initiatives that transform lives and foster financial independence."

With women at the heart of its mission, Muthoot Microfin is not just providing financial services-it is building a stronger India. By enabling 34.2 lakh women-led households, the company is positively impacting the lives of 1.4 crore Indians, driving meaningful change at the grassroots level.

The recognition at SKOCH Awards 2025 underscores Muthoot Microfin's commitment to innovation, customer-centricity, and social impact, further strengthening its position as a leader in the microfinance industry.

Shares of Muthoot Microfin Limited was last trading in BSE at Rs. 132.85 as compared to the previous close of Rs. 134.05. The total number of shares traded during the day was 26626 in over 790 trades.

The stock hit an intraday high of Rs. 135.00 and intraday low of 132.50. The net turnover during the day was Rs. 3549322.00.