|Muthoot Capital Services Ltd., (MCSL) was incorporated on 18th
February 1994 and obtained its Certificate of Commencement of
Business on 23rd March 1994. MCSL was initially registered with
an authorised capital of Rs.100.00 lacs which was subsequently
increased to Rs.700.00 lacs.
MCSL is presently into fund and non fund based activities, with
particular focus on the State of Kerala.
Since its incorporation, MCSL has been actively involved in
secondary and primary market operations. In the secondary
market, MCSL through its offices, which are situated at
strategic locations in Kerala, has been executing large number
of orders for investors of Kerala through Cochin, Coimbatore,
Madras and Bombay Stock Exchanges. This in turn has helped the
Company to develop a large portfolio of investors who have
availed of the Share Discounting and Advance against Shares
The Advance against Shares scheme offered by MCSL enables the
investors to take advance against the securities held by them on
relatively nominal terms than what is offered by other upcountry
finance companies and even many banks. The Share Discounting
scheme offers an unique facility of faster pay out on securities
sold at Bombay and Madras Stock Exchanges. MCSL offers to
purchase the said securities at a discount and gives the payment
to the client across the counter.
- Muthoot Capital Services Ltd has informed that Mr. K Parameswaran Nair has resigned from the post of Chief Executive Officer (CEO) w.e.f. February 29, 2008 and Mr. R Manomohanan, has taken charge thereof effectively from March 01, 2008.