Muthoot FinCorp Embarks on a Path-Breaking Digital Transformation Journey
Chooses PeopleStrong’s HR Tech 4.0 platform to enable seamless experience for 18,000+ employees
National, April 21st, 2022: Muthoot FinCorp (popularly known as Muthoot Blue), India’s top non-banking financial company and flagship entity of Muthoot Pappachan Group (MPG) has chosen PeopleStrong, Asia Pacific’s leading Enterprise HR Technology company to deliver a delightful employee experience for their workforce. This announcement helps Muthoot FinCorp take a significant step towards achieving their vision of delivering an employee-first culture for their 18,000+ employees, who in turn will take the Muthoot Blue values to their customers.
S Suresh Kumar, CHRO, Muthoot FinCorp stated, “Muthootians live by the principles of ‘ICE’, we always strive for Integrity, Collaboration, & Excellence in everything we do. Even though we evaluated many partners – PeopleStrong is a partner that lives by the same code. We hope to leverage their extensive experience in the BFSI space and transform our internal operations to match the rapid pace at which our employee needs and business is evolving. We are a people-centric organization and value the human connection that binds us together and PeopleStrong’s track record showed us that they have what it takes to transform the experience of employees.”
Winner of the Most Admired Service Provider in Financial Sector (2020), Muthoot FinCorp aims to deliver an agile system of people management that reduces dependence on HR teams and enables people & business outcomes. This intervention is the first in many such interventions that are planned to ensure that Muthoot FinCorp transforms itself into a digital company, that truly understands and solves the problems of its customers and employees alike.
“Carrying forward MPG’s vision, we have taken the legacy of over 134 years to empower millions of Indians in their grit & determination to rise above their ordinariness towards an aureate tomorrow. Our branches act as a financial super-market helping our customers fulfil most of their requirements under one roof, and we believe that the HR technology 4.0 will serve a similar purpose for our employees- bringing powerful functionality to the hands of our employees through one Super App. We look forward to raising the bar and delivering a truly superlative employee experience with PeopleStrong” said Venugopal, Head – of People Operations, Muthoot FinCorp.
Sandeep Chaudhary CEO, PeopleStrong, stated, “We are privileged to support Muthoot FinCorp, one of India’s fastest growing NBFC with our HR Tech 4.0 platform in this journey of growth and innovation. We strive to streamline complex businesses and people processes, and we wish to empower HR and employees equally. Our commitment to investing in people & technology will fuel momentum for growth-focused organizations like Muthoot FinCorp.”
With 2 million end-users at 500+ enterprises across Asia, PeopleStrong has a presence in India, Singapore, Thailand, Indonesia, Philippines, Vietnam, Australia, New Zealand, and the Middle East. With customers like the Tata Group, Aditya Birla Group, Godrej Group, L&T Group, Kotak bank, Air Asia, Cipla, Inspiron, Paytm, Schneider Electric, and many more, PeopleStrong has been named the “Customers’ choice for Enterprises with 1000+ employees” according to Gartner Voice of Customer report 2021.
About Muthoot Pappachan Group:
Muthoot Pappachan Group (MPG), also known as Muthoot Blue, the much-diversified business conglomerate, has been providing solutions, services and expertise to millions of customers across the country in various domains like multiple NBFCs with multiple products within Retail Financial Services, wide-spectrum Sports initiatives, robust CSR initiatives, Automotive, Realty, Hospitality, IT and Alternate energy. Over the years, Muthoot Pappachan Group has grown to become a significant entity in the Indian business landscape. Muthoot Pappachan Group is one of the largest employers in the country, across industries, providing employment to close to 30,000 people and endeavouring to give them a family-like work environment. The Group’s customer-centric approach and innovation in terms of new products that cater to changing customer needs have helped gain the loyalty of innumerable customers and attract new ones. The Group adopts the latest technology and new ways of catering to customers’ needs, coupled with an uncompromising stand on values, principles, and ethics.
About Muthoot Fincorp Ltd.:
Muthoot Fincorp Ltd, the flagship Company of Muthoot Pappachan Group, Muthoot Blue, is one of the largest NBFCs in India with around 3600 branches pan India. Muthoot Fincorp is a provider of retail finance, predominantly in the form of secured and unsecured loans to middle and low-income customers. Decades of customer-centricity, dedicated research and experience with the customers and their families have enabled the Company to provide quick and customised financing options & investment schemes for millions of customers. Currently, it has an Active Customer Base of around two million happy customers. Muthoot Fincorp Ltd is one of the largest Gold Loan companies in India. At the same time, the Muthoot Fincorp branches offer and/or service products of Muthoot Blue Group company for the fulfilment of all lifecycle & life-stage needs of the common man and act as a one-stop-shop for the financial needs of the common man. The diverse mix of retail offerings includes, apart from Gold Loan, Small Business Loan products, Affordable Housing Loan, Two-wheeler Loan, Used car loans, Domestic & International Money Transfer, Chits, Foreign exchange, Insurance products & services, Wealth Management services, Affordable Gold Jewellery and so on. Close to 1,50,000 people walk into these branches, day after day, to fulfil their financial needs & desires in terms of Loans, Savings, Protection requirements and other Financial transactional/day-to-day needs.
Visit us at: https://www.muthootfincorp.com/
Follow us on Instagram: @ muthootpappachangroup
PeopleStrong is Asia Pacific’s leading, and the most comprehensive Human Capital Management SaaS platform. The HR technology company focuses on delivering a unique employee experience, data-driven decision-making, and agility for businesses. Simplifying Worklife at over 500 large enterprises across the emerging economies of Asia Pacific, PeopleStrong empowers the lives of 2 million+ employees with a mobile-first, AI, and ML-powered talent operating system. Their tech capabilities span across the employee lifecycle from hire to exit, including Human Capital Management, Payroll, Talent Acquisition & Management, and Collaboration. PeopleStrong is rated among the Top 5 in the Asia Pacific at Gartner’s Peer Insights and voted as Customers’ Choice of HR Tech in the Gartner ‘Voice of Customer’ Report for 1000+ employee enterprises. https://www.peoplestrong.com