Bengaluru, NFAPost: Muthoot Exim (P) Ltd, the precious metals division of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), announced the grand opening of its newest Gold Point Centre at the Muthoot Gold Point, Shop No 2334 First floor, M.I.G, 16th B Cross, 3rd Phase, Near Bus Stand, Yelahanka New Town, Bengaluru – 560064. This marks the 105 th branch in India, the 7th in Bangalore and the 15th in Karnataka.
The new Gold Point Centre aims to make transparent, scientific and responsible gold recycling more accessible to customers in and around Yelankha. The Yelankha Gold Point Centre will allow customers to sell their old and used gold in a safe and reliable manner.
Muthoot Gold Point Centres are widely known for their commitment to transparency, enabling customers to observe the entire valuation process while receiving fair and accurate value for their gold. Instant cash payments are provided for gold valued up to Rs 10,000, while higher amounts are processed through IMPS, NEFT or RTGS, ensuring a smooth, secure and hassle-free transaction experience.
Commenting on the expansion, Muthoot Pappachan Group Executive Director & Muthoot Exim Managing Director Thomas Muthoot said Bengaluru has long been a key market where gold holds both cultural and financial importance, and areas like Yelahanka reflect this evolving blend of tradition and modern living.
“With a growing residential base and strong economic activity, gold continues to be a trusted asset for households in the region. The launch of our 105th Muthoot Gold Point centre in Yelahanka is a step towards strengthening our presence in Karnataka while making organised and transparent gold recycling more accessible to customers in this part of the city,” said Muthoot Pappachan Group Executive Director & Muthoot Exim Managing Director Thomas Muthoot.
Muthoot Exim CEO Keyur Shah pointed out that Yelahanka has emerged as one of Bengaluru’s fast-growing suburban hubs, with a diverse customer base that values convenience and reliability in financial services.
“Gold remains an important part of household wealth here, often held for both emotional and practical reasons. Through our 105th Gold Point centre, we aim to offer customers a seamless and transparent
platform to monetise their unused gold, while ensuring that it re-enters the organised recycling ecosystem in a responsible manner,” said Muthoot Exim CEO Keyur Shah.
Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organised 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 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 and now Kakinada consistently offering high-quality products at
affordable prices.
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 organised 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 a 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 companies, focusing on Health, Education, Environment and Livelihood (HEEL).
