| Gold Loan Financing | Personal and business loans secured by gold jewellery | Extensive branch network, strong brand trust, high loan portfolio scale, robust risk management | B2C retail customers primarily in rural and semi-urban India | Gold loan advances to new customers, digital gold loan products | 132300 | 87 | Interest income from gold loans | Interest-based lending with competitive interest rates | Increasing gold loan penetration in underserved markets, digital loan origination | Muthoot Finance Gold Loans, Muthoot Money Gold Loans |
| Microfinance | Microfinance loans to low-income entrepreneurs and SHGs | Material subsidiary status, integrated with Muthoot brand | B2C micro borrowers in 19 states/UTs | Microfinance loans in underserved geographies | 7714 | 5 | Interest income from microfinance lending | Interest rate lending, small-ticket loans | Focus on financial inclusion, rural branch expansion | Belstar Microfinance Limited |
| Affordable Housing Finance | Housing loans targeting economically weaker and lower income groups | 100% subsidiary with integration benefits | B2C customers in Tier-II and Tier-III cities | Affordable home loans in emerging markets | 324 | 2 | Interest income from housing loans | Interest-based lending with subsidies under government schemes | Affordable housing demand, government incentives | Muthoot Homefin (India) Limited |
| Insurance Broking | Distribution of life and non-life insurance products | Wholly-owned subsidiary with IRDA license | B2C and B2B insurance buyers | Life insurance broking | 16 | 1 | Commission from insurance companies | Commission-based broking | Rising insurance awareness and penetration | Muthoot Insurance Brokers Private Limited |
