‘Will double non-gold revenue share to 30% by FY28,’ says Shaji Varghese
Muthoot FinCorp, a part of the Muthoot Pappachan Group, aims to double its revenue share from non-gold lending to 30% in the next three years. The company's CEO, Shaji Varghese, discusses their diversification strategy and the impact of the RBI's draft gold lending guidelines. Despite a 20% decline in Q4 net profit, the company's full-year net profit rose by 40%.