Muthoot Blue Strengthens Mumbai Presence with New Gold Point

 

Mumbai: Muthoot Exim Pvt. Ltd., the precious metals arm of the 138-year-old Muthoot Pappachan Group (popularly known as Muthoot Blue), has announced the launch of its newest Gold Point Centre in Nallasopara, Mumbai. This marks the company’s third Gold Point in Mumbai—including its mobile van—and its 57th centre across India, reinforcing its leadership in the organized gold recycling and repurposing space.

Strategically located at Shop No.3, Meet Apartment, Central Park Road, Nallasopara East, Virar, Maharashtra, the newly inaugurated branch aims to serve the growing need for transparent, reliable, and eco-conscious gold selling services in Mumbai’s extended suburbs.

The Nallasopara Gold Point Centre offers customers a safe and seamless platform to sell their old, unused, or scrap gold items. At the heart of the service is Muthoot Exim’s transparent gold valuation process, where customers can witness their gold being tested and weighed using certified technology.

Gold items valued up to ₹10,000 are eligible for instant cash disbursement, while larger transactions are processed through secure digital banking channels like IMPS, NEFT, or RTGS, ensuring a quick, efficient, and accountable experience for every customer.

Speaking at the launch, Thomas Muthoot, Executive Director of Muthoot Pappachan Group & Managing Director of Muthoot Exim, said: “Nallasopara is an important addition to our growing network of Gold Point Centres. With this launch, we are expanding our footprint in Mumbai’s suburbs to meet the rising demand for secure, transparent, and eco-friendly gold recycling. Our goal is to offer customers a trusted alternative to unorganized gold selling channels.”

The Gold Point Centres are not only redefining the way Indians unlock the value of unused gold but also contributing meaningfully to India’s circular economy goals by ensuring ethical recycling of precious metals.

Mr. Keyur Shah, CEO of Muthoot Exim, added: “With the launch of our Gold Point Center in Nallasopara, we are taking another step towards making gold recycling simple, secure, and accessible for every Indian. Our platform ensures customers get a fair value for their gold while enabling sustainable practices in the precious metal ecosystem.”

Muthoot Exim was the first organized player in India to launch gold recycling centres, beginning with its flagship branch in Coimbatore in 2015. Since then, the brand has established a presence in key urban and semi-urban markets including Mumbai, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Lucknow, and Trivandrum, among others.

Each centre follows a strict process of valuation, transparency, and customer engagement, aiming to uplift financial confidence among gold-owning households, especially those turning to gold liquidation for emergencies, business capital, or lifestyle upgrades.

For customers in and around Nallasopara, the new Gold Point Centre is now operational at: Muthoot Gold Point, Shop No.3, Meet Apartment, Central Park Road, Nallasopara East, Virar, Maharashtra 401209.