Muthoottu Mini Financiers Ltd, Non-Banking Finance Companies (NBFC) in India, announced that Mr PE Mathai, former Chief Operating Officer (COO) of the company, has now been elevated as the Chief Executive Officer (CEO). 

The leadership commenced from January 1, 2021.

P.E Mathai said, "I am truly honoured to take up this new role. This is a company that has stood the test of time by evolving its business strategies and offering to meet changing consumer demands, and I am looking forward to building on its legacy. It is my privilege to be part of the Muthoottu Mathew Group. Even amidst the pandemic, the company has shown reasonable growth."

"The company's business reports around 21 per cent growth in its AUM along with a surge in its profit by 44 per cent in the last financial year. It gives me immense pleasure to say that we are achieving success against all odds."

Before joining Muthoottu Mini Financiers Ltd, PE Mathai held the position of CEO in Muthoot Precious Metals Corporation and as general manager with Muthoot Finance Limited. He has also served the South Indian Bank as General Manager.