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The gold monetisers

Here's how Manappuram Finance and Muthoot Finance, two leading gold-loan companies in India, stack up against each other

Here's how Manappuram Finance and Muthoot Finance, two leading gold-loan companies in India, stack up against each other

Manappuram Finance
Manapuram Finance was founded by Mr V C Padmanabhan in 1949 in Kerala's Thrissur district. The business of gold loans was started by the current CEO, Mr V P Nandakumar. The company has over nearly 60 tonnes of gold under security. It has 19,000 employees and 4,100 branches. The company is also engaged in home-loan, vehicle-financing and microfinance businesses.

Muthoot Finance
Muthoot Finance is the largest gold-loan company in India. The Muthoot Group came into existence in 1887, founded by Muthoot Ninan Mathai. It started its gold-loan business in 1939. With more than 152 tonnes of gold under security, the company has 25,000 employees in over 4,300 branches. The company also provides other services like money transfer, home loans, microfinance, etc.

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