Muthoot Fincorp sets up 5 branches in West Bengal

Muthoot Fincorp Ltd has set up five branches in West Bengal. The company plans to set up 25 branches in West Bengal during this fiscal, said Mr. Thomas John Muthoot, chairman and managing director, Muthoot Fincorp.

The five branches are located at Howrah – Dobson Raod, Bow Bazaar, Serampore – Belting Bazaar, Khardha and Baruipur.

A flagship company of Muthoot Pappachan Group, Muthoot Fincorp currently has 2267 branches across the country.

“The thriving unorganised sector, especially in Kolkata, offers huge potential to the organised players. Also considering the type of gold ornaments purchased by consumers here, it is closer to south than north markets with regards to the quality of gold,” he said.

The company will offer a bouquet of products and services to its customers in the state including - Express 3 Minute Gold Loan, a product designed to meet the quick need for liquidity and Smart + Gold Loan, where the customer can repay in easy instalments.

Muthoot Fincorp will employ close to 125 people during this fiscal. EOM.

shobha@thehindu.co.in