Bengaluru, Karnataka, 27th of June 2026 : Muthoot Exim (P) Ltd., the precious metals division of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre at Muthoot Gold Point, No. 63, 1st Floor, 3rd Cross, Opp. Bosch, New Central Jail Road, Hosa Road, Electronic City, Bengaluru, Karnataka – 560100. This marks the 111th Muthoot Gold Point branch in India, 8th branch in Bengaluru, and 16th branch in Karnataka.
The new Gold Point Centre seeks to make transparent, scientific and responsible gold recycling services more accessible to customers in and around Bengaluru. The Hosa Road Gold Point Centre will enable customers to sell their old and used gold in a safe, reliable and hassle-free manner. Muthoot Gold Point Centres have earned customer trust through a transparent valuation process, where customers can witness every step and receive accurate value of their gold. Instant cash payments are provided for gold valued up to ₹10,000, while higher amounts are processed through IMPS, NEFT or RTGS, ensuring a smooth and secure transaction experience.
Commenting on the expansion, Thomas Muthoot, Executive Director, Muthoot Pappachan Group & Managing Director, Muthoot Exim, said, “Bengaluru continues to be one of India’s most dynamic economic hubs, driven by rapid urbanization, entrepreneurial growth and increasing financial awareness among consumers. Karnataka has always been an important market for us, and the launch of our 16th branch in the state and 8th in Bengaluru reinforces our commitment to making organised gold recycling more accessible. Through our transparent and scientifically driven valuation process, we aim to provide customers with a trusted avenue to unlock the value of their unused gold while promoting responsible recycling practices.”
Keyur Shah, CEO, Muthoot Exim, added, “Electronic City and the Hosa Road corridor have emerged as thriving residential and commercial destinations, attracting a diverse and financially aware customer base. With the launch of our 111th Muthoot Gold Point branch, we are strengthening our presence in Bengaluru and bringing our transparent gold-buying services closer to customers. We remain focused on delivering accurate valuation, convenience and trust, while promoting responsible gold recycling and circulation within the economy.”
A leader in organised gold recycling, Muthoot Exim Pvt. Ltd. (MEPL) has played a key role in shaping India’s gold recycling ecosystem. Since establishing its first Gold Point Centre in Coimbatore in 2014, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Ernakulam, Trivandrum, Delhi NCR, Kolkata, Hyderabad, Hubballi, Nagpur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubaneswar, Kalaburagi, Thrissur, Lucknow, Mohali, Vellore, Faridabad, Kozhikode, Trichy, Belagavi, Serampore, Mathura, Secunderabad, Patna and several other key markets across the country.
About Gold Point Centres
At Gold Point Centres, Muthoot Exim purchases old and used gold items directly from customers. These items are then reprocessed, refined and reintroduced for domestic use. Customers can expect fair and accurate valuations, with the process being fully transparent and observable. Instant cash payments are made for gold valued up to ₹10,000, with higher amounts settled via IMPS, NEFT, or RTGS.
About Muthoot Exim Pvt. Ltd.
Muthoot Exim Pvt. Ltd. is the precious metal division of the Muthoot Pappachan Group. Renowned for its innovative products and services in the precious metals market, MEPL was the first organized player to launch a gold recycling centre in India. Since its inception in Coimbatore in 2014, it has expanded to major cities nationwide, providing high-quality, affordable products that meet the highest standards.
About Muthoot Pappachan Group
Founded in 1887, Muthoot Pappachan Group (MPG) is a significant entity in the Indian business landscape with nationwide presence and tailor-made products and services for its customers. The group, which planted its roots in retail trading, later diversified into various sectors including Financial Services, Hospitality, Automotive, Realty, IT Services, Precious Metals and Alternate Energy. With Muthoot FinCorp Limited as its flagship company and Bollywood icon Shah Rukh Khan as its brand ambassador, Muthoot Pappachan Group (MPG) today stands as a formidable presence in India. With over 47000 Muthootians and a vast network of over 5200 branches across the country, the Group is deeply committed to Environmental, Social and Governance (ESG) excellence, aiming to create long-term value for its stakeholders while contributing to a more sustainable and equitable future. Muthoot Pappachan Foundation, the CSR arm of the group, facilitates CSR activities for the entire group of companies, focusing on Health, Education, Environment and Livelihood (HEEL).
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