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Muthoot Family's Wealth Surges Past $13 Billion as Gold Loans Boom in India

Banking/Finance

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Published on 20th November 2025, 12:50 AM

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Author

Akshat Lakshkar | Whalesbook News Team

Overview

India's Muthoot clan has seen their combined wealth exceed $13 billion, driven by a surge in gold loans. Their family-run firm, Muthoot Finance, is experiencing record stock performance and increased customer demand for loans against gold jewelry, fueled by rising bullion prices and the growing shadow banking sector. The company is expanding its network to maintain dominance amidst increasing competition.