Muthoot Finance Hits Historic Rs 1 Lakh Crore Gold Loan AUM
One of India's top Non-Bank Financial Companies (NBFC), Muthoot Finance, has recorded a historic milestone by touching Rs 1 lakh crore of Gold Loan Assets Under Management (AUM) on March 13, 2025. The Kochi-headquartered NBFC made the announcement in an exchange filing on Friday, which reflects the company's strong growth and market leadership.
"We are pleased to announce achievement of milestone of Rs 1 Lakh Crore Gold Loan Assets Under Management on March 13, 2025. This milestone is a testament to the faith and confidence reposed by our lenders, investors, customers, and all other stakeholders in us and reiterates our focus on creating sustained value and growth," the company said.
George Alexander Muthoot, Managing Director, Muthoot Finance, said he was grateful and proud of the feat. "Crossing Rs 1 lakh crore Gold Loan AUM is a reflection of our abiding commitment to excellence, innovation, and customer interaction and the trust that we have generated across generations. I would also like to thank our employees whose unrelenting commitment and experience have been critical to this achievement.". We whole-heartedly appreciate the confidence and support of our customers, banking partners, lenders, NCD holders, investors, shareholders, and other stakeholders. We would also like to put on record our appreciation for different regulators such as the Reserve Bank of India for their guidance and supervision in developing a stable and strong financial climate".
Simultaneously, Muthoot Finance also spoke of a recent turn of events involving its subsidiary. On March 12, the police were complained to by Muthoot Insurance Brokers Private Limited about misappropriation of rewards, in the form of gift cards, meant for staff distribution. The amount misappropriated is Rs 11.92 crore for the period from April 2023 to November 2024.
The company explained, "No financial impact on Muthoot Finance Limited". The misappropriation value is 
11.92 Crores from April 2023 to November 2024. There is no loss of account to Muthoot Insurance Brokers Private Limited since these amounts were to be distributed to the employees, who canvassed business, as a reward for their performance. But the notional loss of business is 31.28 Crores on the estimated incremental business that would have been generated if the misappropriated rewards were shared with employees.
11.92 Crores from April 2023 to November 2024. There is no loss of account to Muthoot Insurance Brokers Private Limited since these amounts were to be distributed to the employees, who canvassed business, as a reward for their performance. But the notional loss of business is 31.28 Crores on the estimated incremental business that would have been generated if the misappropriated rewards were shared with employees.
In spite of this mishap, Muthoot Finance's historic AUM milestone showcases the company's resilience and commitment to sustaining its gold loan segment leadership while still generating stakeholder trust and long-term growth.
