Established market position in gold financing supported by the extensive experience of the promoters

MFL has an established market position in gold financing business backed by the extensive experience of its promoters who have spent over seven decades in lending against gold jewellery. From being the fourth largest player till last fiscal the group has climbed to become the second largest entity in the gold finance segment in the current fiscal and is also among the top three non bank players in microfinance. The MPGs AUM have grown steadily over the years registering a 5 year CAGR of 28 through fiscal 2021 25 reaching Rs 51535 crore as on March 31 2025. Further it grew to Rs 55818 crore as of June 30 2025 driven by traction in the co lending arrangement.

Diversified product profile of the MPG

The MPG has diversified its product profile over the past few years. The groups diversified product profile includes five major segments with gold loans remaining the largest followed by microfinance and overall managed AUM standing at around Rs 55818 crore as of June 30 2025. MFLs AUM has seen a steady increase in the proportion of gold loans which contributed around 55 to the groups AUM as of March 31 2025 and further increased to 58 as of June 30 2025. In contrast the microfinance proportion of the groups AUM has been declining from 31 in fiscal 2024 to 24 as of March 31 2025 and further to 22 in the first quarter of fiscal 2026.