Muthoot Fincorp to open 3 branches in Assam, services to include MSME lending

New Delhi, Feb 27 (KNN) Marking its entry into the Northeastern state of Assam, Muthoot Fincorp Ltd, (MFL), has announced opening up of three branches in Guwahati offering wide range of services including finance to the Micro, Small and Medium Enterprises (MSMEs).

The three full service branches are to be located at Maligaon, Panbazar and Zoo road in Guwahati.

Speaking at the launch event, Thomas John Muthoot, Chairman and MD, Muthoot Pappachan Group said that the northeastern state of Assam literally means an unrivaled land and the company is happy to be setting its footprint in the region.

He further said that the region has got immense potential  and can contribute both for the local economy as well as for the national economy.

“The firm is committed to contribute to the economic development of the state by offering products and services which the people of Assam have not had the access to. Muthoot Pappachan Group’s endeavours & practices are deeply rooted in the promise of empowering human ambition through our innovative, technology-driven solutions to make substantial & sustainable difference in the lives of particularly those at the bottom of the pyramid in India”, John added.

Muthoot Fincorp is one amongst the largest Gold Loan companies in India. The firm offers a mix of retail offerings catering to the various needs of its customers including MSME Loan products, Housing Loan, Auto Loan, Money Transfer, Foreign Exchange, Insurance Services, Wealth Management Services and Travel related services. (With Inputs from a media report) (KNN/DA)