Muthoot Fincorp to open its three branches in Assam
Guwahati, Feb 26 (IBNS) : Muthoot Fincorp Ltd, (MFL), one of India’s leading Financial Services Super-House,to the middle and low-income customer and the flagship company of the 131-year–old business conglomerate Muthoot Pappachan Group (MPG) on Saturday had announced its first ever foray into Assam, with the opening of three full service branches at Maligaon, Panbazar and Zoo road in Guwahati.
With this, the Muthoot Pappachan Group marked its national footprint into North-East, as well.
Muthoot Fincorp Ltd., is one of the largest NBFCs in India with over 3500 branches across India with an average walk in of well over 50,000 customers per day.
The new branches located in different neighbourhoods of Kamrup district in Guwahati, will solidify its presence in the Assam region and will cater to the customer’s financial needs.
With decades of customer centricity, dedicated research and experience with the customers and their families, Muthoot Fincorp Ltd. has enabled the company to provide quick and customized financing options and investment schemes for millions of customers.
Speaking at the launch, Thomas John Muthoot, Chairman and MD, Muthoot Pappachan Group said, "Assam in Sanskrit language means an unrivalled land and we are indeed proud to be here in the blessed land."
“It holds such great potential and is critical to the success of the economy. Growth and progress has been the state’s key agenda and we see the government devoted to empower the state and its citizens. We too, want to partake in this missionand are committed to contribute to the economic development of the state by offering products and services which the people of Assam have not had the access to. Muthoot Pappachan Group’s endeavours & practices are deeply rooted in the promise of empowering human ambition through our innovative, technology-driven solutions to make substantial & sustainable difference in the lives of particularly those at the bottom of the pyramid in India. We hope to provide the skilled & sensitive staff and customer-centric products & services to make a difference in the lives of people here and equip them to take charge and realise their true potential,” Thomas John Muthoot said.
Thomas John Muthoot further said that, the company has targeted to open at least 22-25 branches in the north eastern region in the next financial year.
Muthoot Fincorpis, a Financial Services Super- house , predominantlya provider of products and services in the form of secured and unsecured loans to the middle and low-income customer.
Decades of customer centricity, dedicated research and experience with the customers and their families have enabled the Company to provide quick and customized financing options and investment schemes for millions of customers.
Muthoot Fincorp is one amongst the largest Gold Loan companies in India. At the same time the company has a diverse mix of retail offerings catering to the various needs of its customers including MSME Loan products, Housing Loan, Auto Loan, Money Transfer, Foreign Exchange, Insurance Services, Wealth Management Services and Travel related services.
(Reporting by Hemanta Kumar Nath)
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