What is the difference between Muthoot Finance and Muthoot Fincorp?

It can be confusing to differentiate between Muthoot Finance and Muthoot Fincorp because both of these names are so closely related. Both are subsidiaries of the Muthoot Pappachan Group (MPG) and provide a variety of financial services, but there are some significant differences that you should know about before deciding which company is best for your needs. Read on to learn more about the distinctions between Muthoot Finance and Muthoot Fincorp!

Introduction to Muthoot Finance

Muthoot Finance is one of the leading NBFCs in India with an asset base of over Rs. 38,000 crores and a network of 4,300 branches spread across the country. Muthoot Finance provides a range of financial services including gold loans, foreign exchange, money transfers, and insurance.

Muthoot Fincorp is a subsidiary of Muthoot Finance which was set up in 2006 to focus on providing vehicle loans and housing finance. Muthoot Fincorp has an asset base of over Rs. 9,000 crores and a network of 1,100 branches across India.

Both Muthoot Finance and Muthoot Fincorp are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

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Overview of Muthoot Fincorp

Muthoot Finance is a public company that is in the business of providing finance to individuals and businesses. The company has its headquarters in Kerala, India. Muthoot Fincorp is a subsidiary of Muthoot Finance.

Muthoot Finance offers a range of financial products and services including loans against gold jewelry, personal loans, home loans, vehicle loans, business loans, money transfer services, and foreign exchange services. The company also provides gold loan refinancing facilities.

Muthoot Fincorp was originally incorporated as Muthoot Exim Private Limited on 14th March 2000. The company was later renamed Muthoot Fincorp Limited on 26th May 2006. In 2013, Muthoot Finance acquired a majority stake in the company and it became a wholly-owned subsidiary of Muthoot Finance.

Muthoot Fincorp has a network of over 4500 branches across India with a presence in all 29 states and 7 union territories. The company serves over 2 million customers every year.

What are the differences between Muthoot Finance and Muthoot Fincorp?

Muthoot Finance is a Non-Banking Financial Company (NBFC) that provides gold loan services whereas Muthoot Fincorp is a holding company for the NBFC.

The main difference between the two companies is that Muthoot Finance offers gold loan services and Muthoot Fincorp is the holding company for the NBFC. Muthoot Finance has branches all over India whereas Muthoot Fincorp’s presence is mainly in Kerala.
Muthoot Finance also offers other financial services such as personal loans, money transfers, foreign exchange, wealth management, and insurance. Muthoot Fincorp does not offer these services.
Muthoot Finance focuses on gold loan services and provides collateral-free loans against gold jewelry. Muthoot Fincorp is not directly involved in this service, but it provides financial support to Muthoot Finance. Additionally, Muthoot Fincorp offers other services such as housing finance, vehicle finance, and business loans.

Benefits of Investing in Both Companies

There are many benefits to investing in both Muthoot Finance and Muthoot Fincorp. For one, you diversify your portfolio and reduce your risk. By investing in two different companies that operate in the same industry, you get the benefit of having a more diversified portfolio.

Another benefit of investing in both companies is that you can take advantage of any synergies that may exist between the two businesses. For example, if one company is doing better than the other, you can invest more in that company and less in the other. This allows you to maximize your returns while still diversifying your portfolio.

Lastly, by investing in both companies, you get the benefit of two different management teams. This provides you with a wider perspective on the industry and gives you access to different ideas and strategies. By investing in both companies, you can learn from each other’s successes and failures, which can only help you become a better investor overall.

Conclusion

Muthoot Finance and Muthoot Fincorp are two companies that both provide financial services, but they have some key differences. Muthoot Finance is a Non-Banking Financial Company (NBFC) focused on gold loans, while Muthoot Fincorp is a diversified financial service provider offering products such as insurance, mutual funds, money transfer services, and more. Both companies offer excellent services to their customers from the comfort of their homes or offices. So if you are looking for reliable finance solutions in India, it pays to know the difference between these two leading institutions so you can make an informed decision about which one suits your needs best.