§ With a rich Heritage of over 72 years Muthoot finance has since then broadened the scale and geographic scope of retail lending to become the largest provider of Gold Loan as on March 2010.
§ Revenues from gold loans contribute 99% of the total income. Average Gold loan amount outstanding is around Rs. 37000, with total Gold loans under management of Rs. 20766 Crores as of 30th Sep 2011. Approximately 129.5 tons of gold jewellery is held as security for gold loans for the same period.
§ Total income as on 31st march 2011 was Rs. 2315 Crores exhibiting growth of 112.59% over previous year. Profit after tax of Rs. 494 Crores exhibited growth of 116.25% over previous year.
§ Apart from Gold loan Muthoot finance also provides money transfer services & collection agency services and are currently operating three windmills in the state of Tamil Nadu.
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