Dimple S Shetty Roll No. - 47
Financial Services Management
Trust the elephant to fulfill all your dreams
Muthoot finance is a “Systemically Important Non-deposit taking NBFC”. It is the largest gold financing company in India in terms of loan portfolio, according to IMaCS Industry Report (2010 Update). Muthoot finance provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. According to the IMaCS Industry Report (2010 Update), as of March 31, 2010 our branch network of 1,605 branches was the largest among gold loan NBFCs in India, which has now touched a high figure of almost 3000. Our Gold Loan portfolio as of November 30, 2010 comprised approximately 4.1 million loan accounts in India that we serviced through 2,263 branches across 20 states, the national capital territory of Delhi and four union territories in India. It has since increased our branch network to 2,611 branches as of February 28, 2011, and used our branch network to serve an average of 67,953 customers per day in the month of February 2011. As of February 28, 2011, we employed 15,664 persons in our operations.
“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.”
Muthoot Finance’s operating history has evolved over a period of 70 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. In addition to our Gold Loans business, we provide money transfer services through our branches as sub-agents of various registered money transfer agencies, and recently have commenced providing collection agency services. FINANCIAL SERVICES PROVIDED BY
Muthoot Finance, India’s largest gold loan company is the first choice of Indians who want to make their dream a reality. May the dream be to start their own business or to buy their own home, for over 124 years Muthoot Finance has helped almost every Indian’s dream come true. Trusted by over 70000 customers everyday, Muthoot Finance Gold Loan has services and products that fit the need of any customer, making it the quickest, most convenient and safest way to take a gold loan. Key features of Gold Loan:
* Loan disbursal in 5 minutes
* Loans starts from 1,500 to 1 Crore
* Minimal documentation and credit assessment requirements * High quality customer service in short response time
* Evaluation of gold ornaments takes place in house.
* Safety of Gold Ornaments: All branches as equipped with Strong Rooms for keeping safe custody of Gold Ornaments * Gold Loan available at over 3,000 Muthoot Finance branches across India * 0% processing fees
* Pre-payment option-without any penalty
Now invest your wealth in the ever rising power of Gold with the Muthoot Precious Metals Corporation. 24 carat Pure Gold Coins: Muthoot Precious Metals Corporation presents Gold Coins with 999% purity (24 Carat). Invest in safe, secure and profitable Gold Coins. The Gold Coins hold many advantages:
* 999% pure
* Finance schemes with easy monthly installments
* Appreciating asset
* Higher return on investment with no risks
* Available in denominations such as 2g, 4g, 8g, 20g and 50g to suit every pocket * The ideal gift for your near and dear ones
* 999% pure Silver Coins
* One of India's few financial players that deals in Silver Coins * Available in 50 gm and 100 gm
* Available at over3,000 Muthoot...
Please join StudyMode to read the full document