India has now entered a revolutionary phase and is standing shoulder to shoulder with the global giants, simultaneously; there are abundant and unending growth opportunities in the domestic market as well. The growth rate of the Indian economy is more than nine percent today, and while the western companies are making a beeline for India to partake of this growth, homegrown firms have a distinct upper hand. It is a fact that we are more familiar with the domestic market than any other international or foreign company and localization is of great importance in the new business environment.
When people talk about localization, internationalization or globalization, they generally, do it from the viewpoint of the West. But globalization never advances in one direction alone. While western companies are making their way to the developing countries, a lot of Indian companies are invading the global markets. A large number of multinational brands are operating successfully in India. Also, Indian brands, which were operating locally, are now competing internationally. The Muthoot Group is keenly watching these developments and is waiting to enter the global scenario at an appropriate time in a big way.”
Shri M.G. George Muthoot
We are the largest gold financing company in India in terms of loan portfolio, according to the 2015 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2015 ("IMaCS Industry Report, (2015 Update)"). We 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-frame, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Branches spread over 21 states and 4 Union Territories
Customers in our portfolio