In 1992 Muthoot Group Started its Vehicle Finance division as "Muthoot Leasing and Finance Ltd" and in 2008 changed its name as "Muthoot Vehicle
& Asset Finance Ltd (MVFL)" for providing wide range of financial solutions as the name itself indicates.MVFL, as per the certification by Reserve Bank of India, is a
Deposit taking Asset Finance Company (DAFC). MVFL has the distinction of being the only one of its kind in Kerala.MVFL is a dividend paying company and also has been
maintaining investment grade rating for its deposits since over five years from ICRA.
The Secured NCDs proposed to be issued under this Issue have been rated CRISIL A/Stable by CRISIL vide its letter dated January 17, 2020.