Muthoot Finance has infused Rs200 crore into its wholly-owned subsidiary Muthoot Homefin (India) Ltd (MHIL) to support its expansion into 250+ cities across India. The move signals a strategic push into the affordable housing segment, especially in Tier 2 and Tier 3 markets, which are emerging as the next growth hubs.
With this investment, MHIL aims to scale its Assets Under Management (AUM) more than four-fold over the next five years. The company is focused on building a pan-India presence through sustainable, responsible growth, backed by investments in technology, governance, risk management, and talent acquisition.
George Alexander Muthoot, MD of Muthoot Finance, stated: “This infusion reflects our conviction in India’s economic trajectory and the role affordable housing will play. We’re committed to enabling dignified homeownership for first-time buyers and self-employed customers.”
MHIL has already demonstrated strong momentum. In the past two years:
- Disbursements grew nearly 6x
- AUM doubled to Rs3,096 crore
- Branch network and manpower scaled significantly
- Credit processes enhanced via tech-led systems
The fresh capital will further strengthen MHIL’s lending portfolio, expand its reach in underserved housing markets, and support digital infrastructure upgrades.
Alok Aggarwal, CEO of Muthoot Homefin, added: “This investment is about more than growth—it’s about enabling the dream of homeownership for aspiring Indian families.”
The roadmap includes:
- Calibrated branch expansion
- Improved asset quality
- Strategic investments in tech, talent, and risk frameworks
With this capital raise, Muthoot Homefin is poised to become a leading force in India’s affordable housing finance sector, continuing its mission to empower millions of families with access to dignified housing.
