Muthoot Finance, Kerala based company aims to double its business transactions to Rs 7,000 crore in value terms by the end of this fiscal. In 2011-2012, it has achieved transactions valued at about Rs 3,500 crore. The company also started offering assured gift to customers for money transfer during the festive season.
Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.