Muthoot Exim expands its presence in Karnataka with the opening of its 36th Gold Point Centre in Davangere, allowing quick and fair transactions for old gold jewelry.
Kochi: Muthoot Exim, part of the Muthoot Pappachan Group, has inaugurated its 36th Gold Point Centre in Davangere, Karnataka. This is the company’s 34th centre in India and the 6th in Karnataka. At Gold Point Centres, customers can sell their old gold jewelry at fair prices and receive immediate payments through IMPS, NEFT, or RTGS for transactions up to ₹10,000.
The launch of the Gold Point Centre in Davangere marks the Muthoot Group’s commitment to contributing to the city’s economic growth. “With the opening of the Gold Point Centre in Davangere, we aim to support the city’s growth while meeting the financial needs of its residents,” said Keer Shah, CEO of Muthoot Exim.
Thomas Muthoot, Executive Director of the Muthoot Pappachan Group and Managing Director of Muthoot Exim, emphasized the group’s goal of supporting Davangere’s residents by providing accessible financial solutions. Muthoot Exim Pvt. Ltd. was the first company in India to establish a gold recycling centre, and since opening its first Gold Point Centre in Coimbatore in 2015, it has expanded its operations to major cities including Mumbai, Bangalore, Chennai, Delhi, Kolkata, Hubli, Nagpur, Barasat, Tirunelveli, Guntur, and Warangal.
