Muthoot Finance Limited is a non-banking financial company (NBFC) engaged primarily in the business of gold loan products. It is the largest gold financing firm offering personal and business loans secured by gold jewellery. The company caters to individuals who own gold jewellery but cannot get access to the formal credit system. Its subsidiary, Muthoot Insurance Brokers Pvt Limited (MIBPL) has been licensed as a direct broker by the Insurance Regulatory and Development Authority of India (IRDAI) since 2013 and is actively distributing both life and non-life insurance products.
The company offers home loan products through another subsidiary Muthoot Homefin (India) Limited. Muthoot Finance Ltd owns a 2/3 stake in its subsidiary Muthoot Finance's subsidiary Belstar Investment and Finance Private Limited (BIFPL) engaged in the microfinance business.
Business operations
The company was incorporated as The Muthoot Finance Private Limited firm in 1997. However, its history goes back to 1939 when M George Muthoot founded a gold business under the heritage trading business established by his father Ninan Mathai Muthoot in 1887. The company obtained an NBFC licence from the Reserve Bank of India (RBI) in 2001. In 2007, 'The' was dropped from the company's name. The next year, the firm was converted to a public company. Following this, the company obtained a fresh RBI licence to function as an NBFC without accepting public deposits. By April 2010, the company's network had expanded to 1600 branches.
In 2011, Muthoot Finance received PE investments of ₹255.68 crore from Matrix Partners LLC, The Welcome Trust, Kotak PE Kotak Investments and Baring India PE.
The same year, the company brought an initial public offering (IPO) to raise funds from the capital market.
In 2013 Muthoot Finance obtained an RBI licence to start operating 9,000 white label ATMs.
In 2016, credit rating agencies CRISIL and ICRA upgraded the company's long-term debt rating from AA-/stable to AA/Stable.
In 2018, Muthoot Finance announced that the Securities and Exchange Board of India (SEBI) has approved the company for setting up an asset management company and trustee company along with other compliance under SEBI (Mutual Fund) Regulations 1996 to get registered for the proposed mutual fund.
In FY 2022, the company launched its loan originating system, iMithra, to digitally originate the leads for better TAT. It focused more on funding cars and new two-wheelers in the vehicle loan portfolio.
As of March 31 2023, the Company had 5838 branches with 259 new branches opened during the year. The firm is present in 29 states across the country.
As of January 12, 2024, Muthoot Finance’s market capitalisation was over ₹59,154 crore. Muthoot Finance share price has grown by over 14% in the last three years.
Muthoot Finance Financial Highlights
- Revenue: Muthoot Finance reported revenue of ₹31,209.23 crore in FY26 vs ₹20,214.17 crore in FY25. It showed an increase of 54.39% on a yearly basis.
- Operating Profit: Muthoot Finance reported an operating profit of ₹14,304.84 crore in FY26 vs ₹7,266.01 crore in FY25. It showed an increase of 96.87% on a year-on-year basis.
- Net Profit: Muthoot Finance reported a net profit of ₹10,606.87 crore in FY26 vs ₹5,352.36 crore in FY25. It showed an increase of 98.17% on a yearly basis.
Muthoot Finance Quarterly Result Highlights
- Muthoot Finance reported revenue of ₹8,671.60 crore in Jun 2026, compared with ₹9,288.71 crore in Mar 2026, representing a decrease of 6.64% on a quarter-on-quarter (QoQ) basis.
- Muthoot Finance reported an operating profit of ₹3,797.13 crore in Jun 2026, compared with ₹4,584.15 crore in Mar 2026, representing a decrease of 17.17% on a quarter-on-quarter (QoQ) basis.
- Muthoot Finance reported a profit of ₹2,824.84 crore in Jun 2026, compared with ₹3,397.48 crore in Mar 2026, reflecting a decrease of 16.85% on a QoQ basis.
- The earnings per share (EPS) of Muthoot Finance stood at ₹263.79 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.