Mulamoottil family’s financial business started in the early 1800s as a traditional money lending business in the ancestral house. The business grew into a chit fund business over the generations and was formalised as the present NBFC in 1993 under the supervision of the Reserve Bank of India. The initial foray into organised financial services was by way of Mulamoottil Leasing & Hire Purchase Ltd. that used to provide vehicle loans. In 2014, the firm was renamed as Mulamoottil Financiers Ltd. and emerged as a Gold Loan Company.
Mulamoottil Financiers Ltd. is the preferred partner and financial lifeline for the farming/fishing/coastal/SME communities providing financial services like Gold Loans, Business Loans and a host of other financial and banking service in some of the most remote villages of Central Travancore region of Kerala.
Mulamoottil Financiers Ltd. has pioneered several digital offerings and attractive financial products to deliver new and outstanding financial services to all the “unbanked” rural populations of Kerala.