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152.60001 INR
1.45
0.96%
Last update Apr 2, 3:29 PM IST
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Day range
145.75
153.95000
Previous close
151.14999
Open
147.39999
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Muthoot Microfin Ltd.
152.60
1.45
0.96%

Overview

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Description

Muthoot Microfin Ltd. is a prominent financial services firm specializing in microfinance, primarily aimed at providing financial services to underserved and low-income sectors in India. The primary function of Muthoot Microfin is to offer microloans to individuals, particularly women entrepreneurs, enabling them to engage in various income-generating activities. This approach not only facilitates economic empowerment but also contributes significantly to the financial inclusion agenda within the country. Muthoot Microfin operates extensively in rural and semi-urban regions, supporting sectors such as agriculture, retail, and small-scale crafts, and focuses on group lending models to reduce operational risks and enhance financial security. As part of the larger Muthoot Pappachan Group, the company benefits from a robust backing, allowing it to leverage extensive market insights and resource capabilities. Its strong emphasis on social impact and community development underscores its vital role in fostering economic growth and reducing poverty, thus cementing its position as a key player in the Indian microfinance sector.

About

CEO
Employees
10646
Address
Muthoot Towers
5th Floor M.G Road
Kochi, 682035
Phone
91 48 4427 7500
Instrument type
Common stock
Sector
Financial Services
Industry
Credit Services
Country
India
MIC code
XBOM
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