“Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek.” — Mario Andretti
Growth and money cannot sustain an organization for as long as uniqueness and excellence can. We at Muthoot Finance Limited are harbingers of this belief since our inception. Moreover, being a part of the rapidly growing family, Muthoot Group, fosters in our culture, profound values of integrity, honesty and humility.
“Be the most trusted, globally diversified institution enriching lives of the masses while contributing back to the society.”
“To build leading customer-centric businesses enabled by technology, maintaining the highest standards of corporate governance and uncompromising values.”
Knowing Our Roots
These values were inculcated when the company was formed, with the vision of “creating an organization capable of serving the versatile needs of a growing Indian financial market”. The purpose at hand is to identify and utilize untapped sections of the market and reach out to as wide an audience as possible.
The focus of the company is on creating liquidity with an asset class, namely gold, that has the largest consumer market in India. We see it as one of the pre-eminent ways of creating wealth in the economy. With over 6 million loan accounts in its loan portfolio, Muthoot Finance is recognized as a pioneer in gold financing. Undoubtedly, gold funding is our niche; nonetheless our lendings are not restricted to gold loans. An assorted asset portfolio impels us on the road to pioneer a competent financial market.
The Larger Picture
At Muthoot Finance, we understand the responsibility that rests on our shoulders. Being a company with an increasing asset base, we take upon ourselves the onus of ensuring smoother processes of monetary transactions, whether they are money transfer, gold loans or gold bonds.
Being entrusted with the purpose of delivering value enables us to consider each customer’s need as unique. We cater to gold loan requirements varying from a principle loan amount of Rs. 1500 up to the maximum extent of Rs 10,000,000 (1 crore). This is instrumental in accomplishing our objective of holistic growth for the economy.
Trusting numbers alone would be a myopic view of estimating our growth. However, they do give an insight into our strength. We’ve deployed 25,000 people in over 4400 branches spread over 21 states and 4 Union Territories. With such rapid growth potential, Muthoot Finance is a major market player dedicated to make a positive impact on countless people, ranging from farmers to salaried employees seeking financial aid. A diversified portfolio of assets is what sets us apart from the competition. It is accentuated by the unbridled trust that our customers have bestowed upon us over the years. It is this mutual trust that has, in turn, and over the years, created the long relationships between Muthoot Finance and its invaluable customers. Such conviction is indeed humbling.