Kochi, 06 December 2022: Muthoottu Mini Financiers, one of the leading NBFCs in India, today announced the appointment of V L Paul as Chief Administrative Officer (CAO) and Tomy Sebastian – IPS (RTD) as Chief Vigilance Officer (CVO). The appointments are in line with company's long term strategy to expand its operations across the country. Muthoottu Mini Financiers envisions to consolidate its position as a top player in the NBFC space in India.
The appointment of VL Paul will help the company to streamline its operations and support its growth plans. VL Paul brings with him over 4 decades of experience in administration and management. Prior to joining Muthoottu Mini, he worked with South Indian Bank as a Senior General Manager and ESAF Swasraya as Chief Executive Officer.
The appointment of Tomy Sebastian as CVO will help the company to strengthen its internal controls and ensure compliance with laws and regulations. Tomy Sebastian is a highly decorated IPS officer (RTD), who has served the Indian police force for over three decades. During his tenure with Kerala Police, he received awards for his exemplary service, including 85 Good Service Entries, 17 Appreciations, 1 Commendation, and 1 MSE from the Director General of Police, Kerala. He was also awarded the Chief Minister's Police Medal for Meritorious Service in 2000 and the President's Police Medal for Meritorious Service on Independence Day 2021.
Speaking on the announcement, Mr Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers said, “We are glad to welcome V L Paul as Chief Administration Officer (CAO) and Tomy Sebastian - IPS (RTD) as CVO (Chief Vigilance Officer). The appointments are in line with our long term expansion strategy. V L Paul and Tomy Sebastian bring with them a wealth of experience and knowledge that will be invaluable to the company in achieving its long-term goals. We are confident that under their able leadership, Muthoottu Mini Financiers will continue to scale new heights and emerge as a force to reckon with in the Indian financial sector”.
The appointments will enable Muthoottu Mini to create a robust mechanism, which is critical for any organization looking to scale new heights. As a part of its expansion plans, Muthoottu Mini aims to have a total of 1,000 branches by the end of 2023, from its current 840+ branch network spread across the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, UP, Goa and the Union Territory of Pondicherry.
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