Muthoot Microfin to foray into Andhra Pradesh, Telangana in FY24

It is also expecting the disbursement too to touch Rs 11,000 crore during the year. In 2022-23, the company saw its disbursements increasing to Rs 8,104 crore, up from Rs 4,600 crore last year

After a gap of 13 years following the Andhra Pradesh microfinance crisis of 2010, Muthoot Pappachan Group’s microfinance arm Muthoot Microfin Ltd (MML) is all set to re-enter the Telangana and Andhra Pradesh market during the current financial year. Driven by the foray into the new markets, the company is expecting over 35 per cent rise in its assets under management (AUM) to Rs 12,500 crore during the current financial year, up from 9,209 crore in 2022-23.

It is also expecting the disbursement too to touch Rs 11,000 crore during the year. In 2022-23, the company saw its disbursements increasing