Muthoot Forex Limited is the Foreign Exchange Division of Muthoot Group. The company was incorporated in September 2000 for handling Money Exchange business. The company has an Authorized Dealer Category – II License issued by the Reserve Bank of India to conduct foreign exchange and remittance business. As on date Muthoot Forex Limited has 50 branches spread across India. The Company has also presence in the United States of America and The United Kingdom through its wholly owned subsidiary M/s Muthoot Global Transfers Pvt. Ltd. The company operates an extensive franchisee network as per Reserve Bank of India Guidelines through more than 2500 branches of Muthoot Finance Limited, thereby extending the forex services to customers across a wide area. The vast network of franchisees has helped the Exchange Company to render forex and remittance services to the metros, major cities and also to semi-urban and rural areas.
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