Muthoot Finance, India’s largest gold loan company has received the prestigious Golden Peacock Awards for 'HR Excellence' for the year 2013' at a glittering function held at , Hotel The Tower - A Guoman Hotel, London, United Kingdom. Golden Peacock Award recognizes the continuing commitment by the company to conduct itself ethically and contribute to economic development while improving the quality of life of the work force, their families as well as of the local community and society at large. The company has conducted its business with various HR friendly policies in place to provide a predictable and favorable climate for investment and trade.
Recently, the company has launched its maiden Employee Stock Options Plan (ESOP), which would benefit its over 24,000 employees. The plan was approved as a special resolution in the company Annual General Meeting held on September 27, 2013 in Kochi. All permanent employees, including Directors, whether working in India or abroad, would be entitled in the employee stock options scheme. Options can be exercised within a period of eight years from the date of grant.
Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.
