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 app
...roximately 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
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.
Gold Loan 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.
There is flexibility to vest your pension between 50-70 years. Tax Benefit under section 80C. Life Stage Pension: One of the most distinguished feature of this Product is that it has no premium allocation charges for regular premium which means 100% of your money is invested. Smart Kid ULIP: Plan your child’s education wisely, the Smart Kid ULIP plan is a regular premium market linked insurance plan. In the unfortunate event on your death the Sum Assured is paid immediately to your family, all future premiums are waived and the educational benefits continue. ADBR , riders allowed. Benefits at critical education milestone available.
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