Muthoot Finance will recruit about 2,000 people this year, Managing Director George Alexander Muthoot told Business Line today.
The current year marks the beginning of a “consolidation phase”, when the company will slow down branch expansion. It will open not more than 250 new branches this year compared with 1,000 in each of the last two years.
He said the company prefers to recruit graduates from the same area.
Muthoot Finance is a non-banking finance company that specialises in giving loans against pledged gold. Today, it manages gold loan assets of Rs 23,000 crore.
George Muthoot said that the company expects to end the year with a turnover of around Rs 26,000 crore.