Muthoot Capital Services, a Kerala-based two-wheeler loan company is planning to make a foray into new car/used car financing business. The company is a leading provider of two-wheeler finance in the South and aims to emerge as a leading national player in two-wheeler loans.
The company is targeting major growth from the northern states and from West Bengal in the current financial year. It has disbursed 48,582 loans amounting to Rs 256.22 crore during the June quarter, compared to 36,747 loans amounting to Rs 196.10 crore during the same quarter last year.
Muthoot Capital Services is a Non Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and is listed on the Bombay Stock Exchange. It offers capital market solutions that include leasing & hire purchase, vehicle loans and bonds & deposits among others, with cost-effective value-added services for the benefit of their customers.
