Muthoot Microfin is committed to providing microloans, mostly to female clients, with an emphasis on promoting income production in India’s rural areas. It solely serves women from lower-class households using a joint liability group model, advancing the goal of financial inclusion. Based on its sizable gross loan portfolio as of December 31, 2022, it is ranked as India’s fourth-largest Non-Banking Financial Company-Microfinance Institution (NBFC-MFI). Moreover, it holds the third-largest position among NBFC-MFIs in South India, leading the way in Kerala in terms of MFI market share and having a significant influence in Tamil Nadu with an astounding 16% market share.

With 2.77 million active customers, the company’s gross loan portfolio as of March 31, 2023, is INR 92,082.96 million. 10,227 committed workers work in 1,172 branches, which are positioned in 321 districts across 18 states and union territories in India. In order to provide its cherished clients with easy access, Muthoot Microfin has methodically grown its branch network, putting a strategic emphasis on underdeveloped rural areas with room for expansion.

Notable backers Greater Pacific Capital WIV Ltd. and Creation Investments India LLC support the organization’s goals. From 2016 and 2021, respectively, both have shown their dedication; between them, they own a sizeable 33.48% of the issued, subscribed, and paid-up pre-offer Equity Share capital.