Muthoot Finance expands its network, announces entry in North East


Adding yet another feather in its cap, Muthoot Finance Limited, the flagship company of The Muthoot Group and India’s largest gold financing company in terms of loan portfolio, today announced its maiden entry into the North East. The company inaugurated two of its new branches in Jorhat at Thana Road and Tarazan and one branch in Dibrugarh in Assam.
Speaking on the occasion, Shri M G George Muthoot, Chairman, The Muthoot Group said, “The opening of these new branches at Assam is in consonance with the dynamic policy of the Group to reach out to the farthest places of the country to enable Financial Inclusion. North east has always been integral to The Muthoot Group’s expansion plans and this day marks the fulfilment of that dream. Today we are proud that we shall get an opportunity to serve the people of Assam in empowering their dreams by unleashing and monetizing the potential of their untapped valuable asset of used gold jewellery and thereby play an important role in the Financial Inclusion of the people of the state.”
Built brick by brick with Ethics, Values, Reliability, Dependability, Trustworthiness, Integrity and Goodwill over 128 years, The Muthoot Group, with its 18 diversified divisions and a dominant presence in 26 States & Union Territories of India, is a name to reckon with in the country’s economic growth. The Group also has presence in USA, UK, UAE, Hong Kong, Sri Lanka and Central America amongst other countries.
Shri Alexander George Muthoot, Director – Muthoot Finance Ltd., said “With the opening of these branches, the Group will play a vital role in employment generation in the state. Since the Group firmly believes in employing the sons of the soil, local youth of Assam will be offered employment opportunities in the branches. Further, the opening of these branches will enable self-employment, especially in the MSME sector through our easy Gold Loan Schemes.”
Driven by its strong customer focus, state of the art technology, differentiated products and services, corporate governance and innovative spirit, presence of the Muthoot Finance Ltd. in Assam will fill a void and bridge the aspirations of people.
Listed on the NSE and BSE, Muthoot Finance Ltd. started as a gold loan company nearly seven decades ago. Today, Muthoot Finance serves around 80,000 satisfied customers daily through its network of 4200+ branches and 22,000+ highly dedicated staff. Its mantra of 360 degrees inclusion – reaching the unreached and serving the underserved comes from the motto- “serve the most people at the most places” with focus on social, financial and digital inclusion.


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