Company Profile


Muthoot Mercantile Limited, a leading NBFC is the flagship company of Muthoot Ninan Group. Muthoot Ninan Group was started by its founding father, late M. Ninan Muthoot, in the year 1939. The main business of the Company is lending against the security of Gold, Investments, Health Insurance, Forex Services and Money Transfer.

Muthoot Mercantile Limited is not just an ordinary gold loan company. It is a place where the basis of business is built on relationship and trust.

Muthoot Mercantile Limited (MML) was incorporated as a Public Limited Company in the year 1997 and was registered as a Non Banking Finance Company by the Reserve Bank of India in the year 2002.

The Company is promoted by Shri. M. Mathew and his son, Shri. Richi Mathew. Shri. M. Mathew is the only son of late M. Ninan Muthoot, who began with Chitty (chit fund scheme) and finance business in the year 1939 adopting the trade name “MUTHOOT” which became very popular, reliable and well known later.

M. Mathew, Chairman of the Muthoot Ninan Group of Companies, is a Mechanical Engineering graduate, with a work experience of more than 60 years in the Banking and chitty field. Shri. Richi Mathew, Managing Director of the Company, a Computer Engineering graduate, has a work experience of more than 20 years in the Financial Sector.

The Company has several branches all over Kerala, Tamil Nadu, Maharashtra, Odisha, Delhi, Haryana, Madhya Pradesh, Punjab and Uttar Pradesh and further expansion possibilities.

The Company’s financial position is stable and strong. The primary business of the company is granting loan against the security of gold. To meet the requirements of the gold loan, the company issues Non-Convertible secured redeemable Debentures (NCDs) and Subordinate Debts (SDs). The funds realized through debentures are fully utilized for the grant of loan against security of gold. There is no other use or diversification of the fund. Investments with Muthoot Mercantile Limited are therefore completely secure.

At Muthoot Mercantile Ltd, we prioritize building long-lasting relationships with our customers. We understand that our customers entrust with us with their most valuable and precious possessions and we take that responsibility to keep them safe very seriously. We believe that the success of our business lies in the satisfaction and happiness of our customers.

We believe that trust is earned through transparent and ethical practices, which is why we ensure that every step of our gold loan process is conducted with utmost integrity.