Muthoot Finance

Muthoot Finance Overview:

Muthoot Finance Limited is India’s largest gold financing company in terms of loan portfolio. Headquartered in Kochi, Kerala, the company provides personal and business loans secured by gold jewelry, primarily catering to individuals who require quick access to funds but may not have access to formal credit channels. Established in 1939 by M. George Muthoot, the company has grown to operate over 5,000 branches across India. citeturn0search9

Key Highlights:

• Founding Year: 1939
• Headquarters: Kochi, Kerala, India
• Global Presence: Operations in India, with international presence in the USA, UK, and UAE. citeturn0search4
• Employee Strength: Over 28,000 employees as of 2024. citeturn0search1
• Services Offered:
  • Gold Loans
  • Housing Finance
  • Personal Loans
  • Small Business Loans
  • Insurance Services
  • SME Loans
  • Corporate Business Loans
  • Vehicle Loans
  • Mutual Funds
  • Money Transfer Services
  • Non-Convertible Debentures (NCDs)
  • Microfinance
  • Digital and Cashless Solutions
  • PAN Card Services
  • National Pension System (NPS)
• Financial Snapshot (Fiscal Year 2024):
  • Revenue: $1.8 billion, a 26.6% increase from the previous year. citeturn0search1
  • Total Assets: $12.5 billion. citeturn0search2
• Mission: To build leading customer-centric businesses enabled by technology, maintaining the highest standards of corporate governance and uncompromising values. citeturn0search0
• Vision: To be the most trusted, globally diversified institution enriching the lives of the masses while contributing back to society. citeturn0search0

Recent Achievements:

• Digital Initiatives: Launched the iMuthoot mobile app, offering customers a seamless platform to access various financial services, including gold loans, money transfers, and mutual funds. citeturn0search0
• Global Expansion: Strengthened international presence with operations in the USA, UK, and UAE, providing services such as money transfer, foreign exchange, and gold loans to a diverse clientele. citeturn0search4

Muthoot Finance continues to leverage its extensive branch network and technological advancements to offer a wide range of financial products and services, ensuring accessibility and convenience for its customers.