Our Strength
Gold loans are the core products in our asset portfolio. We believe that our experience, through our Promoters, has enabled us to have a leading position in the Gold Loan business in India. Highlights of our market leading position include the following:
We are the largest gold financing company in India* in terms of loan portfolio, according to IMaCS Industry Report (2010 Update). As per our restated audited financial statements, our loan portfolio as of March 31, 2010 and November 30, 2010 comprised approximately 2.8 million loan accounts and approximately 4.1 million loan accounts, respectively, in India with Gold Loans outstanding of 73,417.3 million and 128,977.7 million, respectively .
We have the largest branch network among gold loan NBFCs, according to the IMaCS Industry Report (2010 Update). As of March 31, 2010, we operated 1,605 branches across 19 states, the national capital territory of Delhi and two union territories in India. Our branch network has expanded significantly in recent years from 373 branches as of March 31, 2005 to 2,611 branches as of February 28, 2011, comprising 465 branches in northern India, 1,753 branches in southern India, 297 branches in western India and 96 branches in eastern India covering 20 states , the national capital territory of Delhi and four union territories in India. In the month of February 2011, we served an average of 67,953 customers daily.
We believe that due to our early entry we have built a recognizable brand in the rural and semi-urban markets of India, particularly in the southern Indian states of Tamil Nadu, Kerala, Andhra Pradesh and Karnataka. As of March 31, 2010 and November 30, 2010, the southern Indian states of Tamil Nadu, Kerala, Andhra Pradesh, Karnataka and the Union Territory of Pondicherry constituted 75.38% and 75.28%, respectively of our total Gold Loan portfolio.
We have a strong presence in under-served rural and semi-urban markets. A large portion of the rural population has limited access to credit either because of their inability to meet the eligibility requirements of banks and financial institutions because credit is not available in a timely manner, or at all. We have positioned ourselves to provide loans targeted at this market.
We offer products with varying loan amounts, advance rates (per gram of gold) and interest rates. The principal loan amounts we disburse usually range from 2,000.0 to 100,000.0 while interest rates on our Gold Loans range between 12.00% to 30.00% per annum.
Gold loans are the core products in our asset portfolio. We believe that our experience, through our Promoters, has enabled us to have a leading position in the Gold Loan business in India. Highlights of our market leading position include the following:
We are the largest gold financing company in India* in terms of loan portfolio, according to IMaCS Industry Report (2010 Update). As per our restated audited financial statements, our loan portfolio as of March 31, 2010 and November 30, 2010 comprised approximately 2.8 million loan accounts and approximately 4.1 million loan accounts, respectively, in India with Gold Loans outstanding of 73,417.3 million and 128,977.7 million, respectively .
We have the largest branch network among gold loan NBFCs, according to the IMaCS Industry Report (2010 Update). As of March 31, 2010, we operated 1,605 branches across 19 states, the national capital territory of Delhi and two union territories in India. Our branch network has expanded significantly in recent years from 373 branches as of March 31, 2005 to 2,611 branches as of February 28, 2011, comprising 465 branches in northern India, 1,753 branches in southern India, 297 branches in western India and 96 branches in eastern India covering 20 states , the national capital territory of Delhi and four union territories in India. In the month of February 2011, we served an average of 67,953 customers daily.
We believe that due to our early entry we have built a recognizable brand in the rural and semi-urban markets of India, particularly in the southern Indian states of Tamil Nadu, Kerala, Andhra Pradesh and Karnataka. As of March 31, 2010 and November 30, 2010, the southern Indian states of Tamil Nadu, Kerala, Andhra Pradesh, Karnataka and the Union Territory of Pondicherry constituted 75.38% and 75.28%, respectively of our total Gold Loan portfolio.
We have a strong presence in under-served rural and semi-urban markets. A large portion of the rural population has limited access to credit either because of their inability to meet the eligibility requirements of banks and financial institutions because credit is not available in a timely manner, or at all. We have positioned ourselves to provide loans targeted at this market.
We offer products with varying loan amounts, advance rates (per gram of gold) and interest rates. The principal loan amounts we disburse usually range from 2,000.0 to 100,000.0 while interest rates on our Gold Loans range between 12.00% to 30.00% per annum.
Location: India, Delhi, New Delhi
Employees: 10001+
Total raised: $155.91K
Founded date: 1887
Investors 1
| Date | Name | Website |
| - | Baring Pri... | bpepindia.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 05.05.2024 | IPO | $155.91K | - |
Mentions in press and media 52
| Date | Title | Description |
| 12.09.2024 | 'I Am Woman' 5.0 by The Karan Gupta Education Foundation (KGEF) and IE University: Empowering Voices, Inspiring Change | Mumbai, Maharashtra, India "I Am Woman" is a collaborative platform established by the Karan Gupta Education Foundation (KGEF) and IE University. Created with the purpose of celebrating and recognizing the inspirational contributi... |
| 16.08.2024 | NBFCs see gold loan growth despite RBI crackdown | Non-banking finance companies (NBFCs) will likely see robust growth of nearly 15 per cent in the gold loan business in the current financial year, despite the recent regulatory actions taken by the Reserve Bank of India (RBI). Also read: NB... |
| 15.08.2024 | Muthoot Finance and Muthoot Fincorp: A Tale of Two Financial Giants | In the bustling world of finance, two titans stand tall: Muthoot Finance and Muthoot Fincorp. Both companies have recently unveiled their quarterly results, showcasing impressive growth. Their numbers tell a story of resilience, ambition, a... |
| 14.08.2024 | Muthoot Fincorp posts 65% rise in net profit to ₹181 crore in Q1 FY25 | Muthoot FinCorp Ltd has posted a 65 per cent growth in its standalone net profit totalling ₹181.17 crore in Q1 of FY25 compared to the ₹109.98 crore in the corresponding quarter last year. The disbursements increased by 37 per cent from Q1F... |
| 13.08.2024 | Muthoot Finance posts 11% rise in PAT at ₹1,079 crore in Q1 FY25 | The gold loan lender Muthoot Finance has registered a 11 per cent growth in PAT at ₹1,079 crore in Q1 FY25 as against ₹975 crores in Q1 FY24. Loan AUM stood at ₹84,324 crore in Q1 FY25 compared to ₹67,639 crore in Q1 FY24, registering a gro... |
| 05.08.2024 | Muthoot Capital bags ₹100 crore impact funding for EV portfolio | Muthoot Capital Services Limited (MCSL) has entered into a partnership with a UK-based Development Financial Institution for raising long-term debt funds to promote its electric vehicle portfolio. Facilitated by Axis Bank, the collaboration... |
| 08.07.2024 | Tightened system liquidity likely to prompt greater offshore bond issuance by NBFIs: Fitch Ratings | Tightened system liquidity in India, amid sustained bank and non-bank financial institutions’ (NBFIs’) credit growth, is likely to prompt greater offshore bond issuance by NBFIs in the near to medium term, according to a Fitch Ratings repor... |
| 31.05.2024 | Muthoot Finance shares rise 4%, test record high post Q4; analysts upbeat | - |
| 31.05.2024 | Stocks to watch on May 31: Apollo Hospitals, Muthoot Fin, Welspun Corp | - |
| 30.05.2024 | Buy Muthoot Finance, Sell Titan June futures, recommends Religare Broking | - |
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