Warangal, 16th November 2024: Muthoot Exim (P) Ltd., the precious metal arm of 137-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre in Warangal. The new Muthoot Gold Point Cenre will be strategically located at Door No. 8-4-92, First Floor, Railway Station Road, Opposite PVR Mall in Warangal, Telangana – 506002, this marks the company’s 33rd centre in India and third branch in Telangana.

As Warangal is rapidly growing to become the main economic spot in Telangana, MGP’s 33rd branch opening on 14th November will prove to play a key role in its further progression. Muthoot Exim’s Gold Point Centres are renowned for their commitment to transparency and customer trust. At these centres, customers can sell their old and used gold items with the assurance of receiving fair and accurate valuations. The entire process is conducted transparently, allowing customers to witness the valuation firsthand. Instant cash payments are made for gold valued up to Rs 10,000 with higher amounts processed via IMPS, NEFT, or RTGS, ensuring a seamless and trustworthy transaction experience.

Talking about the excitement of the opening of a new branch in Warangal, Mr. Keyur Shah, CEO of Muthoot Exim said, “Warangal is a city of great potential, and we are very happy to be part of its growth journey. Our new gold point centre in Warangal is designed to create a trusted platform for residents through various financial services to unlock the potential value of the gold assets. In this way, by making this process transparent, we are looking forward to empowering people and contributing to the economic development of the region.”

Thomas Muthoot, Executive Director of Muthoot Pappachan Group & Managing Director of Muthoot Exim, added,” Opening our doors in Warangal is not just about businesses; it is all about building deep relationships with the local community. In our journey with them, we intend to partner with individual families to ensure a better financial tomorrow. We will focus on responsible recycling of gold, encourage intelligent investment, and create worthwhile opportunities for the people of Warangal to help build a more sustainable local economy.”

Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organized player to launch a gold recycling centre in India, MEPL has continuously set benchmarks in the industry. Since the opening of its first Gold Point Centre in Coimbatore in 2015, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Delhi, Kolkata, Hubballi, Napur, Barasat, Tirunelveli, Guntur and now Warangal, consistently offering high-quality products at affordable prices.