MAM
PE Mathai of Muthoottu Mini Financiers wins ‘Best CEO’ Award
Mumbai: Muthoottu Mini Financiers Ltd, one of the country’s leading NBFCs, is proud to announce that PE Mathai, chief executive officer (CEO) of Muthoottu Mini Financiers, has been awarded the Best CEO in the banking, financial services, and insurance (BFSI) category at the Indian Leadership Summit and Awards by The Business Fame. This recognition highlights Mathai’s leadership, vision, and contributions to the financial sector.
This acknowledgment as the Best CEO in BFSI reflects Mathai’s strategic leadership at Muthoottu Mini Financiers. Under his guidance, the company has achieved significant milestones, including 103 per cent QoQ profit growth in Q1 of this financial year, expanding to 900 plus branches of Muthoottu Mini Financiers nationwide, and working towards having 1000 branches nationwide by the end of 2024. Mathai’s commitment to financial stability is reflected in the company’s CARE rating improvement, rising from BBB- in 2019 to a commendable A- in 2022. The company has registered a cumulative asset under management (AUM) growth of 100 per cent over the past four years – averaging 25 per cent per year.
When the pandemic struck, Mathai emerged as a steadfast captain, guiding Muthoottu Mini through uncharted waters. Branch networks expanded, diverse product offerings emerged, and the organization’s commitment to financial lifelines remained unwavering. Together with Muthoottu Mini’s other leaders, Mathai spearheads the ambitious goal of growing AUM to Rs 7,000 crores by 2027. A key facet of Mathai’s leadership is the drive at Muthoottu Mini to go ‘digital‘, aligning with the digitisation of the gold loan segment to reach those in need across the country.
Expressing his gratitude, Muthoottu Mini Financiers CEO PE Mathai said, “I am humbled and grateful to receive the Best CEO Award in BFSI sector at The Business Fame’s Indian Leadership Summit and Awards. This recognition is a testament to the efforts of the entire team working hard at Muthoottu Mini Financiers to make common people achieve their dreams through our high-quality financial service products. We remain committed to innovation, customer satisfaction, and sustained growth in the sector.”
The Business Fame’s Indian Leadership Awards and Summit is a platform that acknowledges leaders and organizations across diverse industries in India. The awards recognise individuals and entities that have set benchmarks for success and made contributions to the country’s economic development.
The award ceremony brought together leaders from various sectors to acknowledge individuals who have demonstrated commitment and impact in their fields.
Brands
Samsung India elevates Aditya Babbar to lead mobile business
Exec takes charge of MX sales and marketing after Raju Pullan’s exit
NEW DELHI: Samsung India has elevated Aditya Babbar to lead its mobile phone business, following the exit of Raju Antony Pullan.
Babbar, who previously served as vice president within the mobile division, has been appointed head of sales and marketing for the MX (mobile experience) business, effective May 1. In his new role, he will oversee the company’s sales and marketing operations for smartphones and related categories in India, reporting to the executive vice president of the MX business.
A long-time Samsung executive, Babbar brings over a decade of experience within the organisation, having held multiple leadership roles across product, marketing and category management. Most recently, he led product marketing and e-commerce for the mobile division, following earlier stints as head of product and marketing and senior director roles.
His career within Samsung Electronics and its India operations has also included responsibilities for flagship devices, tablets and wearables, giving him a broad view of the company’s premium and mass-market portfolio.
Babbar succeeds Pullan, who stepped down from the role, marking a leadership transition at a time when India remains a key battleground for global smartphone makers.
The appointment signals continuity within Samsung’s leadership bench, with an internal candidate stepping up to steer one of its most critical business units in a highly competitive market.
