Muthoot Exim (P) Ltd, a part of Muthoot Pappachan Group, has opened a Gold Point Centre in Hyderabad. This is the second centre in Telangana and the 24th in India. The purpose of this centre is to provide a trustworthy place for customers to sell their gold in a simple way. The focus is on making the selling and recycling process of gold transparent, fair, precise, and efficient.
There are a total of 24 Gold Point centres in India, including two mobile Muthoot Gold Points in Mumbai and Bengaluru. These mobile centres collect gold from customers’ homes. The Gold Point centres buy old and used gold items from customers, which are then reprocessed, refined, and supplied for domestic use.
Keyur Shah, CEO of Muthoot Exim, mentioned that Hyderabad has been growing rapidly and is a key metro city in India. Expanding their presence in Telangana with more Gold Point Centres is an important part of their business strategy. Thomas Muthoot, executive director of Muthoot Pappachan Group and managing director of Muthoot Exim, stated that they plan to establish more centres nationwide to meet the increasing demand for retail gold and provide exceptional service to customers.
