Index : 2,524 | 1Yr : +45.32% | 1Mo : -5.54%
Category : Groups & Conglomerates
Min Investment : 1,700
Based out of Kerala, Muthoot Group was founded over 125 years ago by Muthoot Ninan Mathai in 1887 in Kozhencherry, a small town in the Kingdom of Travancore. It was started as a wholesale business of grains. Today, it has large interests in lending & financial services, precious metals and other fields such as IT, education, renewable energy, tourism and hospitality. The group operates in approximately 25 states in India with over 4000 branches. It has a primary stronghold in the 5 states of South India: Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka. It is headquartered in kerala and is the largest company in the state as of 2016 and employs above 29000 people.
Muthoot Group has established a formidable reputation as it played an instrumental role in professionalizing gold loan sector and has garnered the trust of millions of customers. While the financial businesses are well established and growing healthily, it gives them several opportunities to invest their reserves & surplus into other scalable business opportunities. With the 4th generation already involved, their vision of being a globally diversified institution is not a dream, but a mission.