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Archive for the ‘Corporate India’ Category

The Muthoot Group opens its 1000th branch at Vazhakkala

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The Muthoot Group, A Muthoot M George Enterprise, today announced the opening of their 1000th branch at Vazhakkala, Kochi, Kerala. The 122 year old Rs. 20,000 crores business conglomerate today has diverse interests in 16 business verticals ranging from Financial Services, Infrastructure & Housing, Information Technology, Power Generation, Hospitality to Healthcare & Education. The group has a presence in 20 states across the country and international presence in the UK and UAE.

Speaking on the occasion Mr. M. G. George Muthoot, Chairman, The Muthoot Group, A Muthoot M George Enterprise, said “It is a matter of extreme pride for us to have grown from 450 to 1000 branches in a span of less than three years. With every new branch, and with the addition of every new Muthoot customer, we re-iterate our commitment to ensuring trustworthy flawless services coupled with our unblemished track record of 122 years. We aim to operationalize 1500 branches by the end of FY 2010.” “Our steadfast resilience and complete dedication towards our customers spread across India and even overseas has provided us the zeal to innovate constantly and to offer customer-centric products & services,” he added.


Mr. M. G. George Muthoot, Chairman, The Muthoot Group, A Muthoot M George Enterprise addressing the media at the opening of the group’s 1000th Branch

The group established in the year 1887 by Mr. Ninan Mathai Muthoot, whose ‘2 elephants in unison’ logo denotes strength & stability, The Muthoot Group, A Muthoot M George Enterprise firmly believes in its values of honesty, integrity and determination.

The financial services division of the Group, Muthoot Finance was established in 1939 under the leadership of Mr. M. George Muthoot. It offers multiple services including retail gold finance, deposits, money transfer, insurance, precious metals and foreign exchange to name a few. Muthoot Finance has served over 250 million customers and has a customer footfall of around 30,000 every day seeking retail gold finance. The vast branch network of Muthoot Finance enables the Group to cross and up-sell various products and services of the other verticals of the Group.

Muthoot Finance is the pioneer in ‘Retail Gold Finance’ and is the largest player in this segment worldwide. In continuation of its tradition in revolutionizing the retail gold finance, it has conceptualized ‘5-Minute Gold Power Loans’. This is the fastest and the most hassle-free way to avail loans at the most attractive rates against Gold.

The Muthoot Group, A Muthoot M George Enterprise is actively looking at opportunities for inorganic growth in healthcare, travel related services and entertainment. The Hospitality division of the group has plans of launching a 7-Star Deluxe Hotel in Kochi amongst its other plans for the current fiscal. The Group has also launched its global arm “Muthoot Global“, which mainly deals in Wealth Management, Cash Transfer & Gifting and has a presence in the UK and UAE and plans to expand the network and diversify its foreign operations in the immediate future to more shores outside the country.

For more information, please visit www.muthootgroup.com

Creator of “mini liver” & Cryo-Save Scientific director Prof. McGuckin to visit India

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020209-1537-profcolinmc1.jpgCryo-Save India today announced that their new Scientific Director Professor Colin McGuckin, will be visiting India between February 27 and March 3, 2009. Prof. McGuckin, who made a medical breakthrough in 2005 with the creation of the world’s first “mini liver” from umbilical cord blood, will share his plans on integrating new scientific technologies which may substantially speed up treatments for life-threatening illnesses, injuries and disabilities. Cryo-Save India, who has taken the initiative to organize the Professor’s visit, believes that this will act as an impetus for people in India to accept stem cell banking as a new form of health protection for the future.

During his visit, Prof. McGuckin will engage with regulatory authorities to share information that will shape future direction and progress in cord blood banking and advances in patient treatments. He will also talk about his latest discoveries in Regenerative Medicine, including his recent creation of the world’s first artificial pancreas, which may have important implications in diabetes.

Prof McGuckin, who has recently been appointed as Scientific Director for Cryo-Save, will be travelling to Bangalore, New Delhi and Mumbai.

Armed with 20 years of experience in stem cells, Professor McGuckin is an opinion leader who has been called upon by governments and hospitals around the world. He is also President of the Novus Sanguis Consortium, which brings together leading adult stem cell researchers and clinicians from across the world to work on specific diseases of the human condition, including heart disease, stroke, diabetes and organ degeneration.

Medium Healthcare – A healthcare consultancy firm in India

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Consulting for business strategy, performance enhancement, marketing impact and service quality for the healthcare industry in India and other emerging economies

With a vision to spur innovation in the healthcare industy, Medium Healthcare Consultancy has been launched in India. Medium Healthcare aims to provide consulting services in the areas of business strategy, performance enhancement, marketing impact and service quality to healthcare organizations in India and other emerging economies.

Medium Heathcare Consulting helps its clients identify niche, but with significant potential, opportunities in healthcare in line with their overall objectives. These opportunities – typically aimed at a single or mix of specialties and focused target audience from a particular income segment – offer scope to emerge as viable, sustainable and scalable business models. Medium Healthcare also offers services in marketing of healthcare services with focus on enhancing revenue and profitability and service quality with a motto to maximize word-of-mouth referrals.

There are a few general consulting firms, which also have healthcare vertical. Healthcare consulting firms in India focus primarily on the project-related areas. Medium Healthcare intends to focus on business strategy and the softer’ side – marketing and service quality and is perhaps the only firm with this focus. The company plans to engage with existing healthcare players with a greater focus on emerging markets including India. It is also keen to advise newer entrants about the right healthcare strategy

Announcing the launch, Mr. Ratan Jalan, Founder & Principal Consultant, Medium Healthcare Consulting, said, “Almost everyone wants to build large, multi-specialty world-class hospitals in metros. It is a very myopic view, since the industry offers significant scope for innovation in alternative business models that are even more profitable and scalable.” He added, “In comparison to other service industries such as hospitality, banking or aviation, critical areas such as marketing and service quality continue to be handled in a fairly primitive manner in most healthcare organizations”.

“Within a few weeks, we have had very encouraging response from diverse players ranging from large, multi-specialty hospitals and small rural community hospitals on one hand to diagnostic services providers and healthcare architectural firms on the other”, he added.

You can visit www.med-ium.com

Mr. Ajay Piramal is the India Innovator of the Year

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Mr. Ajay Piramal, Chaiman, Piramal Healthcare was adjudged as the India Innovator Of The Year at the CNBC-TV18 India Business Leader Awards presented by Accenture. The award ceremony saw the best in Indian Business come together to salute the finest in Corporate India. Held in Mumbai the awards were graced by the presence of Shri. Kamal Nath, Union Minister of Commerce and Industries, Shri. Ashok Chavan, Chief Minister, Maharashtra, Shri.
Narendra Modi, Chief Minister, Gujarat among others who felicitated the winners.

While accepting the honour, Mr. Piramal said that the task before us is immense. He also hoped that India would be able to invent a drug, a feat that still eludes the country.

The 4th CNBC-TV18 India Business Leader Awards, India’s most definitive awards in business excellence, felicitated the visionaries who have set shining examples in business leadership over the years. The winners were judged by business leaders
like Mr. Mukesh Ambani, Reliance Industries Ltd. (Chairperson, Jury), Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, Mr. Deepak Parekh, Chairman, HDFC, Mr. R. Seshasayee, Managing Director, Ashok Leyland, Mr. Jagdish Khattar, CMD, Carnation Auto India Pvt. Ltd. and Mr.
Raghav Bahl, MD, Network18.

Talking on the parameters on which the winners were selected, Mr. Ambani said, “A leader has to navigate the path and protect the interests of all the stakeholders in a consistent way so that they can deliver performance on an ongoing basis. Also Execution and accomplishments were the main considerations.” According to Mr. Birla, track record is important. Long term viability and sustainability of the business model is also vital. Mr Parekh believes that individual contribution to the company is very important especially in troubled times like these.

Speaking about the awards, Mr. Ajay Chacko, Director, TV18, Business Media said, “India Business Leader Awards are an unparalleled tribute to the excellence in business in India. The awards have become in institution by itself and the winners epitomize strength, ingenuity, knowledge, foresight and who drive the growth of their businesses with vision and inspiration.”