Muthoot Finance
Muthoot Finance
TYBCBI
Dimple S Shetty Roll No. - 47
Financial Services Management
TYBCBI
MUTHOOT FINANCE
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.
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.”
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
TYBCBI
Dimple S Shetty Roll No. - 47
Financial Services Management
TYBCBI
MUTHOOT FINANCE
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.
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.”
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