Great Place To Work: Muthoot Microfinance Company hires 2,300 employees amid pandemic

Making An Organisation ‘A Great Place To Work’, Muthoot  Microfin  (MML), one of the leading microfinance companies in India, welfare of its employees is as important as the welfare of its customers.

In its statement,  Muthoot Microfin said its employee count rose 37% during the pandemic period, with as many as 2,300 new people joining the organisation. Muthoot Microfin has expanded its employee strength by 37% during a period when retaining employees and maintaining salaries came across as a major challenge for businesses worldwide, the company said in a statement.

During the pandemic-hit period, the company hired over 2,300 employees as it opened as many as 64 new offices across different parts of the country. "In a benchmark move, most of the new employees were roped in as part of the recruitment drives conducted for candidates who had lost their job due to the pandemic," it said further. Muthoot Microfin said it disbursed loans worth over Rs 2,700 crore during 2021.

The company has also been active in providing loans to women entrepreneurs across India during these trying times to keep the wheels of economy moving. The company said it is currently the sixth-largest NBFC-MFI in the country and has over 19 lakh (1.9 million) women entrepreneurs as active customers.

It is the 6th largest NBFC-MFI in India, serving 1.9 million women entrepreneurs from economically vulnerable sections of the society, with a network of 752 branches spread across 17 states. Muthoot Microfin is the microfinance arm of Kerala-based Muthoot Pappachan  Group  -  one of the largest conglomerates in India.

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