|₹1722.55 / ₹1090.25|
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Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. The company is headquartered in Kerala. The company's wholly-owned subsidiary Muthoot Insurance Brokers Pvt Limited (MIBPL) is licensed as a direct broker by IRDAI since 2013 and is actively distributing both life and non-life insurance products of various insurance companies. Muthoot Finance's another wholly-owned subsidiary Muthoot Homefin (India) Limited is a housing finance company with a focus on affordable housing finance. Muthoot Finance's subsidiary Belstar Investment and Finance Private Limited (BIFPL) is a microfinance company. Muthoot Finance holds 66. 61% of equity share capital of BIFPL.