# Muthoot Finance

> NBFCs. Figures from the lender's own filings, each checked against the page it came from.

Page: https://creditbrief.in/lenders/muthoot

## Loan book

- ₹1.63 lakh crore on 31 March 2026, the end of FY2025-26 (Loan AUM, standalone).
- ₹1.88 lakh crore on 30 Sep 2026, the latest half-year balance.
- Source: Muthoot Finance Investor Presentation Q4 FY26, PDF page 28: https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_14052026175658_MFIN_Investor_Presentation_SD.pdf

## Findings

- Grew 29% a year from March 2022 to March 2026, faster than 8 of the 10 other NBFCs with like-for-like figures for those years.
- Growth picked up to 50% in FY2025-26, from 43% the year before.
- Moved up from 7th to 5th biggest of these 13 NBFCs between March 2022 and March 2026.

## What it lends against (30 Sep 2026)

- Gold Loan AUM: ₹1.79 lakh crore (95.3%)
- Other Loans: ₹8,854 crore (4.7%)

Source: Muthoot Finance Investor Presentation Q2 FY27, PDF page 29: https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026154417_MFIN_Investor_Presentation_final_sd.pdf

## Figures by period

| Measure | FY2021-22 (31 Mar 2022) | FY2022-23 (31 Mar 2023) | FY2023-24 (31 Mar 2024) | FY2024-25 (31 Mar 2025) | FY2025-26 (31 Mar 2026) | 30 Sep 2026 |
|---|---|---|---|---|---|---|
| Loan book (₹ crore) | 58,053 | 63,210 | 75,827 | 1,08,648 | 1,62,826 | 1,87,810 |
| Branches (Number) | 4,617 | 4,739 | 4,854 | 4,855 | 4,968 | 5,230 |
| Mobile app users (Million) |  |  | 3.1 | 3.3 | 6 | 6.7 |

### Sources for each figure

- Loan book, FY2021-22 (31 Mar 2022): "Gross loan assets under 580,532 546,876 551,468 526,138 526,223" (Muthoot Finance Investor Presentation Q4 FY22, PDF page 25) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_26052022155535_Investor_presentation_MFIN_2022_Final.pdf
- Loan book, FY2022-23 (31 Mar 2023): "Loan assets under 758,270 711,821 690,016 676,385 632,098" (Muthoot Finance Investor Presentation Q4 FY24, PDF page 37) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_30052024161059_InvestorPresentationSIgned.pdf
- Loan book, FY2023-24 (31 Mar 2024): "Loan assets under 758,270 711,821 690,016 676,385 632,098" (Muthoot Finance Investor Presentation Q4 FY24, PDF page 37) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_30052024161059_InvestorPresentationSIgned.pdf
- Loan book, FY2024-25 (31 Mar 2025): "Loan AUM 1,628,259 1,475,524 1,323,049 1,200,310 1,086,478" (Muthoot Finance Investor Presentation Q4 FY26, PDF page 28) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_14052026175658_MFIN_Investor_Presentation_SD.pdf
- Loan book, FY2025-26 (31 Mar 2026): "Loan AUM 1,628,259 1,475,524 1,323,049 1,200,310 1,086,478" (Muthoot Finance Investor Presentation Q4 FY26, PDF page 28) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_14052026175658_MFIN_Investor_Presentation_SD.pdf
- Loan book, 30 Sep 2026: "Loan AUM 1,878,103 1,720,534 1,628,259" (Muthoot Finance Investor Presentation Q2 FY27, PDF page 29) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026154417_MFIN_Investor_Presentation_final_sd.pdf
- Branches, FY2021-22 (31 Mar 2022): "A strong presence of 4617 branches across India" (Muthoot Finance Investor Presentation Q4 FY22, PDF page 17) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_26052022155535_Investor_presentation_MFIN_2022_Final.pdf
- Branches, FY2022-23 (31 Mar 2023): "A strong presence of 4739 branches across India" (Muthoot Finance Investor Presentation Q4 FY23 (company website), PDF page 24) https://cdn.muthootfinance.com/sites/default/files/pdf/MFIN-Q4-FY23-investor-presentation.pdf
- Branches, FY2023-24 (31 Mar 2024): "A strong presence of 4854 branches across India" (Muthoot Finance Investor Presentation Q4 FY24, PDF page 29) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_30052024161059_InvestorPresentationSIgned.pdf
- Branches, FY2024-25 (31 Mar 2025): "A strong presence of 4855 branches across India" (Muthoot Finance Investor Presentation Q4 FY25 (company website), PDF page 41) https://cdn.muthootfinance.com/sites/default/files/files/2025-05/MFIN%20Q4%20FY25%20investor%20presentation.pdf
- Branches, FY2025-26 (31 Mar 2026): "A Strong Presence of 4,968 Branches Across India" (Muthoot Finance Investor Presentation Q4 FY26, PDF page 11) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_14052026175658_MFIN_Investor_Presentation_SD.pdf
- Branches, 30 Sep 2026: "A Strong Presence of 5,230 Branches Across India" (Muthoot Finance Investor Presentation Q2 FY27, PDF page 12) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026154417_MFIN_Investor_Presentation_final_sd.pdf
- Mobile app users, FY2023-24 (31 Mar 2024): "has about 10.3m downloads and 3.1m" (Muthoot Finance Investor Presentation Q4 FY24, PDF page 31) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_30052024161059_InvestorPresentationSIgned.pdf
- Mobile app users, FY2024-25 (31 Mar 2025): "has about 15.4M downloads, 3.3M" (Muthoot Finance Investor Presentation Q4 FY25 (company website), PDF page 43) https://cdn.muthootfinance.com/sites/default/files/files/2025-05/MFIN%20Q4%20FY25%20investor%20presentation.pdf
- Mobile app users, FY2025-26 (31 Mar 2026): "with 6 Mn" (Muthoot Finance Investor Presentation Q4 FY26, PDF page 57) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_14052026175658_MFIN_Investor_Presentation_SD.pdf
- Mobile app users, 30 Sep 2026: "with 6.7 Mn" (Muthoot Finance Investor Presentation Q2 FY27, PDF page 57) https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026154417_MFIN_Investor_Presentation_final_sd.pdf

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