Srinagar, Aug 28, 2015: 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 the opening of its two new branches at Lal Chowk and Rajbagh in Srinagar, J&K. While the company already has its branches in the Jammu region, this is the first time it has opened its doors in Srinagar.
Shri Syed Mohammad Altaf Bukhari, Hon’ble Minister for Public Works (R&B), Floriculture, Gardens & Parks, Govt. of J&K was present at the inauguration of the branches as the Chief Guest along with Shri M G George Muthoot, Chairman, The Muthoot Group. Shri Bashir Ahmad Rather, President, All Kashmir Gold Dealers & Workers’ Association and Vice President, Akhil Bhartiya Swarankar Sangh, Shri M Noor-ud-Din, President, Lal Chowk Traders’ Association and Shri Imtiaz Ahmed Kapra, President, Rajbagh Hotel Association were also present on the occasion.
Speaking on the occasion Shri M G George Muthoot, Chairman, The Muthoot Group said, “The opening of these new branches at Srinagar is in consonance with the dynamic policy of the Group to reach out to the farthest places to enable Financial Inclusion. Srinagar has always been an integral part of The Muthoot Group’s expansion plan and this day marks the fulfilment of that dream. Today we are proud that we shall get an opportunity to serve the people of Srinagar 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 J&K.”
Built brick by brick with Ethics, Values, Reliability, Dependability, Trustworthiness, Integrity and Goodwill over 128 years, The Muthoot Group, with its 18 business divisions, 4400+ branches, 35,000+ highly dedicated staff and a dominant presence in all states & all union territories is a name to reckon with in the country’s economic growth. The Group also has presence in USA, UK, Hong Kong and Sri Lanka amongst other countries.
Shri M G George Muthoot added “With the opening of these branches, the Group will play a vital role in employment generation in the valley. Since the Group firmly believes in employing the sons of the soil, local youth in the valley will be offered employment opportunities in the branches. Further, the opening of these branches will enable self-employment, especially in the MSME sector like businesses in Shikaras, Shawls, Carpets, Tour Operations, etc., through its easy Gold Loans 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 the valley will fill a void and the bridge the aspirations of people. The Muthoot Group today stands at the forefront to revolutionize and express its changing corporate culture, transformation of strategies and offering compelling products & services for its esteemed customers.
Listed on the NSE and BSE, Muthoot Finance has disbursed INR three lakh crores as easy secured loans out of which INR one lakh crores was disbursed in rural, semi-rural and urban areas. What started as a gold loan company nearly seven decades ago, is today a Financial Supermarket offering a wide range of services encompassing Insurance, Foreign Exchange, Money Transfer, Debentures, PAN Card, Travel Services and Muthoot ATMs all under one roof. Muthoot Finance, with a customer base of 42 crores, serves around 1,26,000 satisfied customers everyday who seek loans against gold. 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.
A wave is gently sweeping the country – The Muthoot Group wave! With the attractive logo of two white coloured elephants standing trunk to trunk against a red background, now seen on billboards in virtually every state, town and village, from bus stops to market places; the Muthoot Group is today gradually making its presence felt emphatically across the Nation.
With a reputation built daily with prayer, trust, hope, work and confidence and a vision of being the most trusted globally diversified institution imbued with highest standards of corporate governance and uncompromising values- The Muthoot Group is blazing a trail in the service of the nation. CCI Newswire
