05 thinking unhappy thoughts and having the wrong attitudes towards life. Resentment, ill-will, hate, fear and worry are identified as some of the ingredients of the unhappiness-producing process. How to be happy – wealth and success won’t do it No amount of material wealth and success can help an individual that has unhappiness-producing habits to be happy. The result is always frustration and disappointment as the realization sinks into such an individual, after years of seeking happiness through material gain, that it cannot be achieved that way. Some have paid a heavy price in broken family relationships whilst pursuing this mirage. They have had the ability to be happy all along. They just didn’t know it. It is important to have a dream and to pursue it with everything you have, but you need to know why you are pursuing it. Being happy should not feature as a reason for pursuing that dream. It is not the answer to your happiness: you are. How to be happy – develop a happiness habit The process of being happy is simply to replace the unhappiness- producing habits with happiness-producing habits. Changing your thinking and attitude is always the first step. You must drive off the thoughts that lead to discouragement, fear, depression, worry and hate and replace with positive thoughts. For instance, instead of dreading going to work everyday decide that you will enjoy your work today and imagine yourself actually doing so when you start the day. If you expect the best you often get the best. You should learn to appreciate what you have and where you are at every stage of the journey to achieving your dreams. Remember that your life will not start when you achieve what you want to achieve, your life is right here and now. The present is all you have. How to be happy – the conclusion Frederick Keonig said: “We tend to forget that happiness doesn’t come as a result of getting something we don’t have, but rather of recognizing and appreciating what we do have.” You are all you can be. Go on and be it. Launching of Health Product in Karnataka Muthoot Insurance Trivandrum Branch inauguration Kottooli branch inauguration Muthoot Insurance Brokers Pvt. Ltd Launched its Health Product in Karnataka. The launch was done by Mr. George M Alexander, Director, Muthoot Group in a function held at Bangalore. Mr. Nithin Jain, Chief Operating Officer, Religare Health Insurance , Mr. Nischal, South Head, Religare Health, Mr. Thomas P Rajan, Director, MIBPL& Regional Managers of Bangalore were present on this occasion. Trivandrum Branch of Muthoot Insurance Brokers Pvt. Ltd, was inaugurated by Mr.George Jacob Muthoot, Joint Managing Director, The Muthoot Group; Mr.Thomas P. Rajan, Director MIBPL; Mr. Udayanandan Nair. M, R.M, Trivandrum North; Mr.Vidyanathan, R.M,Trivandrum South; Mr.Bijay Bhuvan, Chief Manager, MIBPL; Kerala Heads of the ICICI Prudential, Kotak Life, Reliance Life were present on the occasion. Kottooli Branch under Calicut region was inaugurated by Mr. K. Sreekumar, Councilor – Kuthiravattom, Calicut Corporation along with Mr. Ravindran councilor – Kottooli, Calicut Corporation, Mr.Sayinathan.K, Regional Manager, Muthoot Finance Ltd., Calicut, Fr. Paulose & other company officials were also present. “Pledge a Song Telethon” As part of CSR initiative, Muthoot Broadcasting Pvt. Ltd - Chennai live organized “Pledge a Song Telethon” to raise funds for World Aids Day on 1st December 2013. The total amount collected through this initiative was Rs.6,23,549 and was donated for HIV infected patients. Muthoot Securities cricketing team the Muthoot Daredevils emerged victorious in the recently conducted cricket tournament organised by the National Stock Exchange of India Ltd. – NSEIL Champions League T10 Cricket Tournament. The Muthoot Securities team – Muthoot Daredevils were crowned as the “WINNER-NCL Kerala - 2013”and through this win will qualify for the South Zone tournament. The cricket tournament was held for the trading members of Kerala where all 14 broking companies participated in the tournament, which was held at Sacred Heart College Ground, Thevara. Muthoot Daredevils crowned winners of NSEIL Champions League T10 Cricket 06 Call free from BSNL Landline: 1800 425 1887. Customer Care Cell: 98470 91119. Tel: 0484 2396478, 2394712. Fax: 0484 2396506. e-mail: [email protected] www.muthootgroup.com Compiled & Published by Muthoot Group (A Muthoot M George Enterprise), for private circulation. Corporate Office: Muthoot Chambers, Opp. Saritha Theatre Complex, Banerji Road, Kochi - 682 018, Kerala, India. English Rate of interest for the forthcoming NCD VIIth Public Issue FOR RETAIL INDIVIDUAL INVESTORS (CATEGORY 3) AND CORPORATES(CATEGORY 2) (Category 2 and 3) Tenor Interest Rate Interest payment Option Mode of holding Type of instrument Effective Yield per annum 24 months 11.50% Monthly Demat/Physical Secured 11.50% 36 months 12.00% Monthly -do- -do- 12.00% 60 months 11.50% Monthly -do- -do- 11.50% 24 months 12.00% Annual -do- -do- 12.00% 36 months 12.25% Annual -do- -do- 12.25% 60 months 12.00% Annual -do- -do- 12.00% Payment on Maturity-Maturity value for Rs 1000 invested 400 Days 1121.71 Demat only Secured 11.00% 24 months 1254.40 -do- -do- 12.00% 36 months 1414.36 -do- -do- 12.25% 60 months 1762.34 -do- -do- 12.00% 72 months 2000.00 -do- Unsecured 12.25% FOR INSTITUTIONAL INVESTORS: Category I Tenor Interest Rate Interest payment Option Mode of holding Type of instrument Effective Yield per annum 24 months 10.75% Monthly Demat/Physical Secured 10.75% 36 months 11.25% Monthly -do- -do- 11.25% 60 months 10.75% Monthly -do- -do- 10.75% 24 months 11.25% Annual -do- -do- 11.25% 36 months 11.50% Annual -do- -do- 11.50% 60 months 11.25% Annual -do- -do- 11.25% Payment on Maturity-Maturity value for Rs 1000 invested 400 Days 1118.92 Demat only Secured 10.75% 24 months 1237.66 -do- -do- 11.25% 36 months 1386.20 -do- -do- 11.50% 60 months 1704.12 -do- -do- 11.25% 72 months 1921.54 -do- Unsecured 11.50% z Financial Services z Hospitality z Real Estate z Education z Healthcare z IT z Media z Forex z Money Transfer z Wealth Management z Precious Metals z Power Generation z Travel Services z Securities Trading z Commodities & Currency Trading z Plantations z Vehicle & Assets Finance Ltd. Launching of Muthoot M George Excellence Award in Andhra Pradesh Muthoot M George Excellence Award in Andhra Pradesh was launched by Mr. Mukesh Kumar Meena I.A.S., Collector & District Magistrate of Hyderabad along with Mr. George M Alexander, Director, Muthoot Group. Mr. R. Venkateswaran, Zonal Manager, Andhra Pradesh, Mr. Babu John Malayil, AGM Corporate Communications, Muthoot Finance Ltd. were also present on this occasion. IT innovation award from The Express Group Golden Peacock Award for‘HR Excellence’ Mr. Cherian Peter amongst top 50 most talented CMOs Muthoot Finance Ltd. Chief Marketing Officer Mr. Cherian Peter received the 50 most talented CMO’s of India citation from the Chief Marketing Council. The citation was presented by Dr. Saugata Mitra, Chief HR officer, Mother Muthoot Finance Ltd. received The Express Intelligent Enterprise award for IT innovation under the Banking & Financial services & Insurance category for the year 2013, for an in house developed IT software “Core Banking Solution” introduced across its 4000 plus branches under one single platform. The award was received by Mr.K.N.C. Nair, Senior General Manager, IT, Muthoot Finance Ltd, from Mr.K Bhaskar, Director, Cannon Inc, during the 11th edition of Express Technology Senate, held at Abu Dhabi. Muthoot Finance Ltd was honored with Golden Peacock Award for ‘HR Excellence for the year 2013’ at a glittering function which was held in London, United Kingdom. The Rt. Hon. Baroness Verma, Parliamentary under Secretary of State for Energy & Climate, Govt. of United Kingdom presented the award to Mr. George Muthoot Jacob, Director, Muthoot Group. Mr. Milind Kangle, Group CEO, Lycamobile, United Kingdom, and Lt. Gen J S Ahluwalia, PVSM (Retd), President, Institute of Directors, India were also present on this occasion. Dairy Fruit & Vegetable Ltd and Mr. Donovan Neale - May, Executive Director, CMO council to Mr. Cherian Peter at the 22nd edition of World Brand Congress under the theme of “Sustainable Brands” held in Mumbai. Mr.George Alexander Muthoot, Managing Director, Muthoot Finance Ltd. participated as a panel member in the the launch of Hurun Report, 2013 in Mumbai. (L-R) Mr. Anas Rahman Junaid, India Head Hurun Report, Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd: Dr. Huzaifa Khorakiwala, Executive Director, Wockhardt Ltd: Dr. Cyrus S Poonawalla, Chairman Poonawalla group and Mr. RupertHoogewerf, Chairman Hurun Report. Hurun Report, 2013 - Panel Discussion VOL XVII / ISSUE #4 /DEC 13 A QUARTERLY UPDATE ON THE LATEST HAPPENINGS AT MUTHOOT GROUP 01 16th Annual General Meeting 16th Annual General Meeting of Muthoot Finance was conducted at Fine Arts Hall, Ernakulam. Sitting (L-R) Mr. Kariath George John (Independent Director), Mr.George Jacob Muthoot (Joint Managing Director), Mr. K.P. Padmakumar (Executive Director), Mr. M.G. George Muthoot (Chairman), Mr. George Alexander Muthoot (Managing Director), Mr. George Joseph (Independent Director), Justice K John Mathew (Independent Director), Mr. John K Paul, (Independent Director). It is not uncommon to finish a year on a high note at Muthoot Finance. In the same vein, we have definitely upped the bar a few scales towards the end of 2013 too in what has been a very interesting year. Muthoot Finance registered a Q-o-Q growth of 9% in its net profit, from ` 194 crores last quarter to ` 211 crores this quarter ended September 30, 2013. This was done through a variety of ways. We achieved this by touching the lives of more than 60 lakh borrowers and disbursing more than ` 25000 crores. And it didn’t stop there. We also, in the last quarter, disbursed 11 lakh foreign inward remittances for personal purposes amounting to `2500 crores. We purchased foreign currencies worth `136 crores. We brought more than 3 lakh lives under an insurance cover in just 90 days. We have in short, nurtured more Indian dreams than ever before. We are also proud to announce that Muthoot Global Money Transfer Ltd entered into a Rupee Drawing Arrangement with Kerala-based Federal Bank Ltd. This allows for speedier money transfers between UK expatriates and their families in India. This will enable flash remittance to over 1 lakh bank branches in India, not to mention much needed foreign currency inflow too. It wasn’t just our consumers who celebrated our success. With the introduction of Employee Stock Options (ESOP), we have enriched the lives of over 24, 000 of our employees also. The scheme was introduced not only to reward long standing employees but also to motivate new talent to join our cause and drive the next level of growth. This overall positive spark towards the end of a tumultuous year has even worked its magic on our public issue of Non-convertible Debentures. It exceeded all expectations where not only did we get subscriptions of nearly ` 325 crores, we were over-subscribed by two times over in a matter of weeks. This is a reflection of the immense faith and trust our consumers have in us. With regard to giving back to society, I am also delighted to announce that the Muthoot M George Foundation launched its Excellence scholarships to the toppers of 10th Standard in Government Schools coming under the Educational Districts of Hyderabad and Secunderabad. This scholarship will benefit students of 178 Government schools and consists of a certificate and cash prize of ` 2500 each. While these incredible achievements are reason enough to end the year with a bang, we went one step further by being the principal sponsor for the first ever Cochin International Half Marathon which is scheduled for December 29, 2013. This marathon promises to be a historical run. It will cover a distance of 21 kms and will be attended by sporting legends like Milkha Singh and PT Usha. As we bid adieu to a year of challenges and even greater successes, we would like to thank all our investors, customers, associates, employees and well-wishers for steadfastly believing in us and our dream. We shall as always, strive to make you even more proud in our every endeavour, as we have been in fulfilling yours. Chairman M.G. George Muthoot CHAIRMAN’S MESSAGE A ROUSING CRESCENDO