Sunday, 1 July 2012

Muthoot Finance to Sponsor “Record Drive” A Passionate Traveler’s Road Expedition bid for Limca Book of World Records



Kochi: Muthoot Finance, India’s largest gold loan company, with record breaking number of 4000 branches spread across the country, is glad to announce its sponsorship to a record breaking unique and thrilling 4,000km solo drive expedition “Record Drive” of passionate traveler, Mr. Suresh Joseph.

Retired Indian Railway Service, Mr. Suresh Joseph is a globe trotter. Some of his noteworthy expeditions include a 14 day UK tour in FIAT Punto and a unique 124 day journey across India spanning 23,555km. Further adding to his prologue he has authored a bravura book “Ek Swift Bharat Yatra” which inspired Rotarians to do a Pan India polio drive by car from Cochin.

Mr. Suresh Joseph who is all set to take Record Drive, a 4,000km arduous voyage from Leh to Kanyakumari within a record breaking time of 120 hours will be flagged off from Kochi. With the completion of this arduous voyage, he aims to set a new record by breaking existing record of 149 hours. This will add his name to the Limca Book of World records.

Commenting on the occasion Mr. George Alexander Muthoot, Managing Director Muthoot Finance said “We are very proud and excited to extend our support to fulfill dream of this avid traveler. The latent potential for adventure expedition particularly in India is only overridden by the lack of opportunity. This initiative could be a major step in realizing the dreams of many such passionate voyagers.”


About Muthoot Finance Ltd:
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala.

Operating history of Muthoot Finance has evolved over a period of 73 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.




The company provides personal and business loans secured by gold jewellery. Gold Loans are primarily given to individuals, who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all to meet unanticipated or other short-term liquidity requirements.The company is listed on both National Stock Exchange and Bombay Stock Exchange.

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