Muthoot Finance, the largest gold loan company in India, has reported a remarkable 95% increase in net profit, reaching ₹10,134 crore for the fiscal year. This growth is attributed to a 50% rise in assets under management, now totaling ₹1.63 lakh crore. Managing director George Alexander Muthoot emphasized that the demand for gold loans is a key driver, particularly as unsecured loans become harder to obtain. With approximately 25,000 tonnes of gold lying idle in Indian households, only 5,000 tonnes are currently pledged, indicating significant growth potential for the gold loan market. The recent increase in gold import duty is anticipated to enhance borrowing power for customers, further stimulating the market. Muthoot noted that fluctuations in gold prices will not deter growth, as the loan-to-value (LTV) ratio remains stable. Additionally, revised regulations effective from April 1 will allow non-banking financial companies (NBFCs) to lend up to 85% of the gold value for loans up to ₹2.5 lakh, benefiting smaller borrowers. Muthoot Finance aims for a 15% growth in assets under management for the fiscal year 2027.