The Kerala based non banking finance company, Muthoottu Mini Financiers Pvt Ltd, inaugurated a zonal office in Aluva, Kerala, in to maintain a better control over its 360 branches in the state. The new office was inaugurated by the Chairman of Muthoottu Mini Financiers Pvt. Ltd, Mr. Roy M Mathew. This is the gold loan company's first zonal office.
The company has planned to expand its network throughout the country and as a part of its expansion plans it will be setting up more such zonal offices in Karnataka, Andhra Pradesh, Tamil Nadu and Delhi. In addition to this, Muthoottu Mini will be expanding its network in Mumbai also.
The new branches will manage operations in segments such as gold loans, insurance, MM e-gold and money transfer.