Muthoot Microfin | Company Profile - Revenue, Headcount, Tech Stack, Contacts
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Overview
Muthoot Microfin Limited (MML) is a prominent microfinance institution based in Kochi, India. It operates as the microfinance arm of the Muthoot Pappachan Group and was established in 2010. MML focuses on providing unsecured microloans to women entrepreneurs in rural areas, promoting financial inclusion and empowering women from lower-income households. The company has a significant presence across 18 states with 1,172 branches and employs over 10,000 people.
As of March 2023, Muthoot Microfin serves around 2.7 million women borrowers with a loan portfolio of ₹9,200 crore. The company utilizes a joint liability group model to facilitate access to credit for women looking to start or expand small businesses. Muthoot Microfin emphasizes quick and affordable financial assistance, and in 2021, it launched the Mahila Mitra app to simplify loan repayment for its beneficiaries. The company aims to transform the lives of 10 million households by 2030 through innovative financial solutions that enhance livelihoods and promote social equity.
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