Muthoot Finance Ltd
NSE:MUTHOOTFIN

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Muthoot Finance Ltd
NSE:MUTHOOTFIN
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Price: 2 069.6 INR 0.34% Market Closed
Market Cap: 830.9B INR
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Muthoot Finance Ltd
Investor Relations

Muthoot Finance Ltd. is a prominent player in India's financial sector, operating as the largest gold financing company in the country. The firm traces its origins back to 1939, rooted in the southern state of Kerala, known for its entrepreneurial zeal and cultural richness. Beginning as a small trading business by M. George Muthoot, it gradually metamorphosed into a financial powerhouse. At the heart of Muthoot Finance's business is the age-old practice of utilizing gold loans as a financial lifeline. In a nation where gold is both a symbol of wealth and an economic fallback, Muthoot provides a simple yet powerful service: advancing loans against the family’s gold ornaments. This has turned into a reliable financial instrument for millions who require immediate capital to meet their personal or business needs.

The company operates through an extensive network of branches across the Indian subcontinent, making finance easily accessible to its widespread clientele. Its business model capitalizes on a low-risk avenue where the pledged gold acts as an effective collateral, significantly reducing the risk of default. Muthoot Finance earns its revenue through the interest levied on these loans. These interest rates are calculated based on the duration and value of the gold pledged. Moreover, due to the emotional and financial significance of gold, the default rates are low, ensuring the stability of cash flow and profits. This gold loan business forms the crux of Muthoot Finance's success, providing pivotal liquidity to India’s largely underbanked population while bolstering the company’s place in the financial realm.

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Management

Mr. George Alexander Muthoot FCA
MD & Whole Time Director
No Bio Available
Mr. George Thomas Muthoot
Joint MD & Whole Time Director
No Bio Available
Mr. George Muthoot George
Deputy MD & Whole Time Director
No Bio Available
Mr. Oommen K. Mammen
Chief Financial Officer
No Bio Available
Mr. Kuttikattu Rajappan Bijimon
COO & Executive Director
No Bio Available
Mr. Manoj Jacob
General Manager of Accounts & Taxation
No Bio Available
Mr. T M Saithumuhammed
Chief Compliance Officer
No Bio Available
Mr. K. Hariharan
Chief Risk Officer
No Bio Available

Contacts

Address
KERALA
Kochi
2nd Floor, Muthoot Chambers,, Opposite Saritha Theatre Complex, Banerji Road
Contacts