BENGALURU, September 25 — Muthoot Exim (P) Ltd., the precious metals arm of the 139-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the opening of its newest Gold Point Centre in KR Puram, Bengaluru. Located above Lenskart near the TC Palya Signal (Subhas Nagar), this new outlet marks the company’s 9th branch in Bengaluru, 17th in Karnataka, and 118th nationwide.
The expansion aims to provide residents in and around KR Puram with access to transparent, scientific, and responsible gold recycling services. Muthoot Gold Point allows customers to sell old or unused gold through an open valuation process, ensuring full visibility at every step. For completed transactions, instant cash payments are provided for gold valued up to ₹10,000, while higher amounts are transferred securely via IMPS, NEFT, or RTGS.
Commenting on the launch, Thomas Muthoot, Executive Director of Muthoot Pappachan Group and Managing Director of Muthoot Exim, highlighted the strategic importance of the region:
“Bengaluru continues to be one of India’s most dynamic economic hubs, supported by rapid urbanisation, entrepreneurial growth, and rising financial awareness. Karnataka has always been an important market for us, and the launch of our 17th branch in the state reinforces our commitment to making organised gold recycling more accessible. Through our transparent and scientifically driven valuation process, we aim to give customers a trusted avenue to unlock the value of their unused gold while encouraging responsible recycling practices.”
Keyur Shah, CEO of Muthoot Exim, emphasized the location’s growth potential:
“KR Puram and its surrounding areas have emerged as thriving residential and commercial destinations, attracting a diverse and financially aware customer base. With the launch of our 118th Muthoot Gold Point branch, we are strengthening our presence in Bengaluru and bringing our transparent gold-buying services closer to customers. We remain focused on delivering accurate valuation, convenience, and trust, while promoting responsible gold recycling and circulation within the economy.”
Since establishing its flagship Gold Point Centre in Coimbatore in 2014, Muthoot Exim Pvt. Ltd. (MEPL) has spearheaded the growth of India’s organized gold recycling sector. Today, the brand operates across major urban hubs including Mumbai, Chennai, Delhi NCR, Kolkata, Hyderabad, Lucknow, Patna, and Trivandrum, alongside key regional centers across Karnataka such as Hubballi, Davangere, Kalaburagi, and Belagavi.
In Bengaluru, Muthoot Gold Point now operates across key neighborhoods—including St. John’s Street, Jalahalli, Yelahanka, Banashankari, Whitefield, Tumakuru, Hosa Road, and KR Puram—supplemented by a mobile van service to serve customers across the city.
