About the Company

Muthoot Fincorp Limited is a non-deposit taking NBFC. The company is primarily engaged in the business of offering personal and business loans which are secured by gold ornaments and jewelry. The gold loan product is available for personal and business purposes to meet short-term liquidity requirements of the individuals. As of September 30, 2021, the Gold loan portfolio of the company is comprised of approximately 36.18 lakhs loan accounts.Currently, Company operates through 3,658 branches located across 24 states in India. The company employs 17,013 people including 233 contracted experts in its operations.

Objective of the Issue

(a)    75% of the amount raised will be used for the purpose of Working Capital.
(b)    25% of the amount raised will be used for General Corporate Purposes.

Business Strategy

(i)    Expansion of business into Tier 2 and Tier 3 tows and in select Tier 1 cities across India
(ii)    In-house training capabilities to meet our branch expansion requirements
(iii)    Target new customer segments
(iv)    Further grow our Gold loan business