Muthoot Pappachan Group may consider Muthoot FinCorp IPO in three years

The company is planning to expand its chit fund business in Kerala, Karnataka and Tamil Nadu in the near future

Kerala-based Muthoot Pappachan Group, which has diversified businesses including financial services, is expecting two Initial Public Offerings (IPOs) in the next three years including the listing of its flagship Non-Banking Finance Company (NBFC) Muthoot FinCorp Ltd. The company is expected to launch IPO for Muthoot Microfin during 2019 as the Sebi mandate is to list it before September-October, this year, said Thomas John Muthoot, Chairman & Managing Director, Muthoot Pappachan Group.
 
"What we are planning in the next three years, it (Muthoot FinCorp) should be listing. It is all in a very early stage to speak more about it right now," said Muthoot. He added that the group also has a