Muthoot Finance Ltd., the flagship company of The Muthoot Group has been ranked as Indiaâ€™sÂ Most Trusted Finance â€“Diversified Brand in ‘The Brand Trust Report, India Study 2016’ conducted by TRA Research (formerly Trust Research Advisory). TRA is a leading Data Insights Company involved in understanding and researching aspects that make the intangibles of brands measureable.
The study involved 17,000 hours of fieldwork, 16 citiesâ€™ survey, 5 million data points and screening of over 20,000 unique brands.
Shri M G George Muthoot, Chairman- The Muthoot Group, said, on the occasion, â€œWe thank all our customers, stakeholders and well-wishers for trusting us strongly and making us the countryâ€™s most trusted brand in the category.â€
Shri Alexander George Muthoot, Director – The Muthoot Group, said, â€œWe feel blessed to have the trust of over 1,26,000 customers who visit our branches every day. Over 42 crore loyal customers serviced globally have shown their trust in us since our inception 129 years ago. Ninety percent of our overall customers are loyal repeat customers. The â€˜Brand Trust Report, India Study 2016′ is an acknowledgement of all of this. I am deeply overwhelmed at the continued trust that our customers have shown in us. We, at The Muthoot Group, are committed to protecting this trust and strengthening it.â€
Listed on both NSE and BSE, Muthoot Finance Ltd. serves over 1,26,000 satisfied customers daily through its network of 4200+ branches and 30,000+ highly dedicated staff. Â The wide network of branches offers a bouquet of diversified financial services including Insurance, Foreign Exchange, Money Transfer, Debentures, PAN Cards, Travel Services, Muthoot ATMs, etc., all under one roof.
Muthoot Finance Ltd. has been serving millions of underserved and unbanked Indians to bring them under the banking network by providing them with easy Gold Loans. This has in turn led to their Financial Inclusion. Sixty percent of Muthoot Finance branches are located in tier III to tier VI cities, offering an average loan ticket size of Rs 30,000/- to Rs 40,000/- to serve the unbanked masses in rural, semi urban and urban areas of the country.
The Group has also joined hands with Liberty Videocon General Insurance to launch aÂ comprehensive home insurance policyÂ – Muthoot Home Protector, whichÂ protects home and household goods against multiple risks including floods, earthquake, riots and burglary. The policy is offered at an extremely affordable premium.
Muthoot Finance Ltd. was also recently recognized as one of the Top 30 Workplaces in India by SkillTree Knowledge Consortium and was featured on CNBC TV-18 in the Workplace Excellence show.