Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | The Muthoot Group to add 400 Branches, tally to go up to 1500 by Sept ‘09Group to add 3000 employees across 20 states to cater to growing demand
By: Blue Saints Speaking on the occasion, Mr. M. G. George Muthoot, Chairman, The Muthoot Group, said “We offer quick, hassle-free loans solutions & other financial services and there has been a growing demand for these products. We are opening these branches to ensure we reach out to the unmet demand. While others are hesitant in giving loans, we are increasing our loan portfolio significantly. Over our 122 year old existence, more than 25 crore people have benefited from the gold-based lending pioneered by us.” “Taking inspiration from our two elephant logo, we have always believed in putting in effort and growing despite adverse conditions. We expect to add around 3000 employees to cater to this growth.” added Mr. M. G. George Muthoot. The Muthoot Group, with a network of over 1100 branches across the country has an annual turnover of Rs. 20,000 crores. The group’s multiple interests in businesses range from Financial Services, Infrastructure & Housing, Information Technology, Power Generation, Hospitality, Media to Healthcare & Education. Muthoot Finance Ltd., the flagship company of The Muthoot Group, is the pioneer in ‘Retail Gold Finance’ and is the largest player in this segment worldwide. In continuation of its tradition in revolutionizing the retail gold finance, it has conceptualized ‘5-Minute Gold Power Loans’. About The Muthoot Group: The Muthoot Group, A Muthoot M George Enterprise was established in the year 1887 by Mr. Ninan Mathai Muthoot at Kozhencherry, Kerala. Today, the group’s multiple interests in businesses range from Financial Services, Infrastructure & Housing, Information Technology, Power Generation, Hospitality, Media to Healthcare & Education. The Muthoot Group, with a network of over 1100 branches across the country has an annual turnover of Rs. 20,000 crores. For more information, please visit www.muthootgroup.com For further information, please contact Blue Lotus Communications Pvt Ltd : Chitra: 9823442065 Ishani: 9822014528 # # # Blue Lotus Communications are Communication Consultants with an array of health care, technology and finance clients. The other businesses of the group include a design boutique called Mustard Designs and Blue Bytes, an Information Logistics service. End
|
|