Kochi: Muthoot Finance Ltd., the flagship company of The Muthoot Group has been ranked as India’s Most Trusted Financial Services Brand in ‘The Brand Trust Report, India Study 2017′ conducted by TRA Research (formerly Trust Research Advisory). This distinction has been accorded to the Company for the second consecutive year.
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 cities’ survey, 5 million data points and screening of over 11,000 unique brands. The report was launched through press conferences across 6 cities in India.
Shri M G George Muthoot, Chairman- The Muthoot Group, said, on the occasion, “We are delighted to be awarded as the Most Trusted Financial Services Brand. We would like to dedicate the award to our customers, stakeholders and well-wishers for believing in us.”
Shri Alexander George Muthoot, Director – The Muthoot Group, said, “We feel blessed to have the trust of over 2,53,000 customers who visit our branches everyday. Over 42 crore loyal customers serviced globally have shown their trust in us since our inception 130 years ago. Ninety percent of our overall customers are loyal repeat customers. The ‘Brand Trust Report, India Study 2017′ is an acknowledgement of all of this. We are overwhelmed at the continued trust that our customers have shown in us. We, at The Muthoot Group, are fully committed to protecting and strengthening this trust.”
Muthoot Finance recently raised Rs. 2000 crore through NCD which was oversubscribed within 2 days. Earlier in January 2017 also, Muthoot Finance had completed Rs 1400 crore NCD Public issue on the first day itself. This only affirms and underlines the high degree of trust that the market has in the Company.
Listed on both NSE and BSE, Muthoot Finance Ltd. serves over 2,53,000 satisfied customers daily through its network of 4200+ branches and 30,000+ highly dedicated staff. 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.