Nallasopara, 6th August 2025: Muthoot Exim (P) Ltd., the precious metal arm of 138-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre in Nallasopara, Mumbai. The new Muthoot Gold Point is strategically located at Muthoot Gold Point, Shop No.3, Meet Apartment, Central Park Rd, Nallasopara East, Virar, Maharashtra 401209. This marks the 3rd branch in Mumbai, Maharashtra including the Mobile Van and 57th centre in India.
The opening of this Gold Point Centre at Nalasopara, Mumbai will be a wave of change that is ushered into the local public’s financial lives. It will let them liquidate their assets in gold and make financial services even more accessible through this trusted and transparent centre. Muthoot Exim’s Gold Point Centres are renowned for their commitment to transparency and customer trust. At these centres, customers can sell their old and used gold items with the assurance of receiving fair and accurate valuations. The entire process is conducted transparently, allowing customers to witness the valuation firsthand. Instant cash payments are made for gold valued up to Rs 10,000 with higher amounts processed via IMPS, NEFT, or RTGS, ensuring a seamless and trustworthy transaction experience.
Thomas Muthoot, Executive Director of Muthoot Pappachan Group & Managing Director of Muthoot Exim, added, “Nallasopara is an important addition to our growing network of Gold Point Centers. With this launch, we are expanding our footprint in Mumbai’s suburbs to meet the growing demand for secure, transparent, and eco-friendly gold recycling. Our goal is to provide customers with a trustworthy alternative to unorganized gold selling channels.”.
Mr. Keyur Shah, CEO of Muthoot Exim said, “With the launch of our Gold Point Center in Nallasopara, we are taking another step towards making gold recycling simple, secure, and accessible for every Indian. Our goal is to provide customers with a transparent and trustworthy platform that offers fair value for their unused gold, while also contributing to the larger vision of a circular economy”.
Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organized player to launch a gold recycling centre in India, MEPL has continuously set benchmarks in the industry. Since the opening of its first Gold Point Centre in Coimbatore in 2015, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Ernakulam, Trivandrum, Delhi NCR, Kolkata, Hyderabad, Hubballi, Nagpur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubaneswar, Kalaburagi, Thrissur, Lucknow, Mohali, Vellore, Faridabad, Kozhikode, Trichy, Belagavi, Serampore, Mathura, Secunderabad and now Kakinada consistently offering high-quality products at affordable prices.
For more information related to the new branch in:
Muthoot Gold Point, Shop No.3, Meet Apartment, Central Park Rd, Nallasopara East, Virar, Maharashtra 401209.
At Gold Point Centres, Muthoot Exim purchases old and used gold items directly from customers. These items are then reprocessed, refined, and reintroduced for domestic use. Customers can expect fair and accurate valuations, with the process being fully transparent and observable. Instant cash payments are made for gold valued up to Rs 10,000, with higher amounts settled via IMPS, NEFT, or RTGS.
