Muthoot Microfin says it will reduce risk by shrinking its dependence on group microloans, targeting 60% by 2030. The lender is moving away from unsecured lending toward broader business diversification, including two wheeler financing starting this festive season. It also aims to scale assets under management to Rs 30,000 crore, positioning the shift as protection against sector volatility.
Muthoot Microfin outperformed a shrinking lending market, expanding assets by more than 13% while industry growth fell about 20%. The CEO attributed the turnaround to improved repayment performance and lower bad loans. New individual loan products are gaining traction, and further margin expansion and profitability gains are expected in the coming years.
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