Ramratthinam S

Ramratthinam STransparency in our dealings, customer centric approach and a highly passionate and dedicated team of employees been our core strength, says Ramratthinam S, Chief Executive Officer, Muthoot Homefin (India) Limited, in conversation with Harshal Desai of Elets News Network (ENN).

Please brief us on Muthoot Homefin operations. How has the organisation grown since its inception?

Muthoot Homefin (India) Limited, a registered Housing Finance Company with National Housing Bank is a 100 percent subsidiary of India’s largest Gold Loan Company Muthoot Finance Limited.

Muthoot Homefin (India) Limited is a Housing Finance company focusing on the affordable housing segment to fulfil the aspirations of Economically Weaker Section and Low and Middle Income families by opening the doors of formal housing finance to them. The organisation has grown in leaps and bounds since its inception and is one of the fastest growing affordable housing finance company in the country.

The company began its lending operations in May, 2015 in Kerala and since then it has expanded its business operations to the States of Maharashtra, Gujarat, Madhya Pradesh, Rajasthan, Karnataka, Andhra Pradesh, Telengana, Uttar Pradesh, Punjab and Haryana. The company operates out of 76 locations spread across these 11 states.

How has been the performance of the organisation in last fiscal year?

The Company’s loan book outstanding stood at Rs 1,465 crores as on March 31, 2018 with 15,908 customers being serviced for home loans. The Company reported a Net profit of Rs 27.80 crores for the period ended March 31,2018. The growth in FY 17-18 was over 233% as compared to FY 16-17.

What are the elements that differentiate Muthoot Homefin from its competitors? What has been the core of your strength?

The distribution network of our parent company Muthoot Finance Limited helps the housing finance business to reach out to customers in tier 3 and tier 4 locations with last-mile connectivity. Transparency in our dealings, customer centric approach and a highly passionate and dedicated team of employees have been our core strengths.

MuthootHow Pradhan Mantri Awas Yojana (PMAY) – Urban and Rural has impacted your business prospects?

Launched on 2015, PMAY aims to construct 20 million houses by 2022 with a focus on EWS and LIG in the Urban areas. The scheme has helped in the company increase its home loan disbursements.


Which are the other sectors you are focusing?

Currently we are focusing on the affordable home buyers and builders. We plan to expand our product suite by offering loan against property and construction finance to builders in the coming years.

What are your plans for growth in next five years? Which part of the county you plan to expand your operations?

We aim to be a Rs 15,000 crores AUM Company in five years from now. We would expand our business operations in a phased manner and would cover the entire country in these next five years. We would be present in over 250 odd locations in the next five years.


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