Muthoot EXIM launches Gold Point Centre in Thane, Maharashtra

Thane, 24th May, 2024: Muthoot Exim (P) Ltd., the precious metal arm of business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), announced the opening of their inaugural Gold Point Centre in Thane, making it the third such facility in the state of Maharashtra and 23rd in India. Commencing today, customers can visit the newly established Centre, located at Shop No. 01, 02, Ground Floor, Akash Chambers, Tembi Naka, Near Civil Hospital, Thane Village, Thane West – 400601 to experience transparent, fair, precise and efficient selling and recycling of gold.

Muthoot Exim, which originated with the establishment of its inaugural Gold Point branch in Coimbatore in 2015, has subsequently undergone a remarkable expansion, establishing itself in the following cities: Mumbai, Bangalore, Chennai, Delhi, Kolkata, Noida, Jaipur, Pune, Hyderabad, Indore, Gurugram, Mysuru and Madurai, in addition to Vijayawada and Ernakulam (Kochi). Muthoot Gold Point, a prominent undertaking of Muthoot Exim, is committed to delivering an unparalleled experience to customers characterized by scientific precision, openness, and a primary emphasis on their requirement enabling customers to have access to a trusted and credible centre to sell their gold. With an objective to reduce dependence on gold imports, Muthoot EXIM focuses on recycling of domestic gold in the Indian market.

Commenting on the launch, Keyur Shah, CEO, Muthoot Exim said, “Thane has evolved as one of the perfectly balanced metropolitan cities in India. Thane’s proximity to Mumbai, India’s financial capital and its easy accessibility makes it one of the most lucrative cities to open a new business venture. The new branch is a step closer to our customers and the move is part of our continued commitment to providing our customers with a unique and industry-first process of transparent and scientific testing-assessement and in turn and fair valuation of their gold.

Highlighting the importance of the launch, Thomas Muthoot, Executive Director, Muthoot Pappachan Group & Managing Director, Muthoot Exim said, “We plan to expand nationally ensuring to reach more customers while providing a unique and comprehensive facility to them to meet their financial needs with our Gold Point Centres. The third branch in the State of Maharashtra is part of our expansion plans to help meet the customer needs while intending to revolutionise the retail gold segment with transparency and trust as key pillars.