One of the well known companies in Gold finance, muthoot finance ltd is helping customers get easy and quick loans. It is one of the few companies that have been successfully run the business for over a century. The salient features of the muthoot finance are mentioned below.
- Muthoot finance ltd is of the oldest gold loan companies in India. It is in operation for over 120 years.
- Main operation of muthoot finance ltd includes providing loans on the basis of gold collaterals.
- Involved in Precious Metals and Hospitality, Infrastructure, Plantations, Power Generation, Education, Healthcare, Media, Information Technology, and Financial Services.
- Fully owned by Muthoot Family. In 1897, the company was started in Kozhencherry by Muthoot Ninan Mathai. The rein of the company was then passed over to M George Muthoot, son of Muthoot Ninan Mathai. He is credited to start the finance division of the company.
- Muthoot finance ltd has headquarters in Kochi, Kerala. muthoot finance is now operating all over India through various branches. The branches are spread throughout India including New Delhi and union territories.
Muthoot Finance LTD
Performing well for over a century, the muthoot finance has been able to make a place among the leading loan providing companies. Some of the recent achievements of the company are mentioned below.
- The IMACS Industry Report has reported it to be one of the biggest gold companies in India.
- Had more than 1600 branches all over India as per 2010, one of the highest by a private finance company. As per the latest figure the company has over 2600 branches all over India and has more than 6500 customers.
- Have more than 4.1 million loan accounts theta were opened through branches all over India that includes New Delhi, and union territories. The company is operating all over India and has plans to expand its business further.
- Company is planning to increase the number of branches to consolidate its growth in India.
- As per the latest figures the muthoot finance provides employment to more than 15,000 people. With the expansion of its operation, the numbers of employees are going to increase further.