Muthoot Microfin expands into Telangana, plans entry into Andhra Pradesh by June

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8 months ago

Muthoot Microfin, a Kerala-based NBFC-MFI, is expanding its operations in Telangana and planning to enter Andhra Pradesh by June. The company will open four branches in Telangana this month, located in Bhuvanagiri, Jangaon, Hanmakonda, and Parakala. Muthoot Microfin focuses on providing financial assistance to women in small businesses through income-generating microloans. Currently, it serves 3.28 million active customers through 1,424 branches across 18 states. CEO Sadaf Sayeed highlighted the company's growth strategy and market analysis approach for expanding into new geographies.

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Economic Times

Topics:

Muthoot Microfin

muthoot microfin

Telangana

Andhra Pradesh

NBFC-MFI

Muthoot Pappachan Group

sadaf sayeed

telengana

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