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Muthoot 1

The Muthoot Group, established in 1887, is a prominent Indian conglomerate with over 5881 branches and a global presence, serving more than 253,000 customers daily. Muthoot Finance, the largest gold financing company in India, offers personal and business loans secured by gold jewelry, aiming to increase its Non-Gold Loan portfolio significantly in the coming years. The company has launched a personal loan vertical in South India and plans to expand its services across the country, targeting a growth in assets under management to Rs. 1,000 crores by FY 2021.

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35 views1 page

Muthoot 1

The Muthoot Group, established in 1887, is a prominent Indian conglomerate with over 5881 branches and a global presence, serving more than 253,000 customers daily. Muthoot Finance, the largest gold financing company in India, offers personal and business loans secured by gold jewelry, aiming to increase its Non-Gold Loan portfolio significantly in the coming years. The company has launched a personal loan vertical in South India and plans to expand its services across the country, targeting a growth in assets under management to Rs. 1,000 crores by FY 2021.

Uploaded by

srminstitution.in
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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About Muthoot Group :

The Muthoot Group, is today a household name in India. It consists of 18 diversified divisions and is
spread across the nation through over 5881+ branches with a global presence in 6 other countries.
Over 253,000 customers transact with The Muthoot Group every day. The Group, since inception in
1887 has served over 48 cores customers. The story of The Muthoot Group is built on the
foundationsof passion, commitment, honesty, traditions and values. Our principle of continuous
growth and expansion forms the essence of allur activities.
The Group recently celebrated 130 years of unblemished business excellence providing services to
millions of underserved Indians leading to Financial Inclusion even in the most remote and rural
areas of the country. Since its inception, The Muthoot Group has been transforming lives of millions
of Indians across the country, giving wings to their dreams and creating successful realities. The
Muthoot Group has not only grown exponentially but has also facilitated growth for a sizeable
population of the country that falls in the underserved category.

Muthoot Finance:
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio.
The company is a 'Systemically Important Non-deposit taking NBFC' headquartered inthe southern
Indian state of Kerala. Muthoot Finance is listed in the leading Indian stock exchanges. Operating
history of Muthoot Finance has evolved over a period of 79 years since M.George Muthoot (the
father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading
business established by his father, Ninan Mathai Muthoot in 1887. The company provides personal
and business loans secured by gold jeweler (Gold Loans), primarily to individuals who possess gold
jewellery but could not access formal credit within a reasonabletime, or to whom credit may not be
available at all, to meet unanticipated or other short-term liquidity requirements.
Muthoot Finance has 4 subsidiaries, namely Belstar Investments (Microfinance, HQ - Chennai),Asia
Asset Finance (a Listed NBFC in Sri Lanka - HQ Colombo), Muthoot Insurance Brokers (IRDA
Registered Composite insurance broker, HQ - Cochin), Muthoot Homefin (Housing Finance
Company, HQ - Mumbai)

Muthoot Finance today has a Gold Loan portfolio of over Rs.27,500 crores and an additional Rs.2000
crores of Non-Gold Loan portfolio through its subsidiary businesses, which is approximately 7% of
the consolidated AUM. The management has decided to increase its Non- Gold Loan products to upto
25% of the consolidated AUM over the next 3 years. In this effort, over the last 8 quarters we have
commenced a personal loan vertical, primarily aiming at salariedborrowers. The loan ticket size varies
between Rs.1 lakh - Rs.10 lakhs. At present we have launched personal loans in the three states of
South India - Tamil Nadu, Kerala and Karnataka.
Our goal is to have pan-India disbursement of personal loans in the next two years and grow theAUM
to Rs. 1,000 crores by FY 2021.

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