Sholinganallur: Muthoot Exim (P) Ltd., the precious metals division of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), proudly announces the grand opening of its newest Gold Point Centre at the Muthoot Gold Point, Shop No G-18, Ground Floor, Kalaignar Karunanidhi Salai, Sholinganallur, Chennai, Tamil Nadu- 600119. This marks the 103rd branch in India and 16th in Tamil Nadu.
The new Gold Point Centre aims to make transparent, scientific and responsible gold recycling more accessible to customers in and around Sholinganallur. The Sholinganallur Gold Point Centre will allow customers to sell their old and used gold in a safe and reliable manner. Muthoot Gold Point Centres are widely known for their commitment to transparency, enabling customers to observe the entire valuation process while receiving fair and accurate value for their gold. Instant cash payments are provided for gold valued up to Rs 10,000, while higher amounts are processed through IMPS, NEFT or RTGS, ensuring a smooth, secure and hassle-free transaction experience.
Commenting on the expansion, Thomas Muthoot, Executive Director, Muthoot Pappachan Group & Managing Director, Muthoot Exim, said, “Tamil Nadu has always had a deep-rooted cultural and economic relationship with gold, and this tradition continues strongly in rapidly growing neighbourhoods such as Sholinganallur. As one of Chennai’s key residential and technology corridors, the area represents a modern consumer base that values both heritage and financial security associated with gold ownership. The launch of our 103rd Muthoot Gold Point centre here reflects our commitment to expanding organised gold recycling services in regions where gold remains an important part of household wealth, while making the process more transparent and accessible to customers.”Keyur Shah, CEO, Muthoot Exim, added, “Sholinganallur has emerged as one of Chennai’s most dynamic growth hubs, with a large professional community and expanding residential landscape. In such markets, gold continues to serve as both a cultural asset and a financial reserve for families. With the launch of our 103rd Gold Point centre, we aim to provide customers in this region with a trusted platform to unlock the value of their idle gold through a transparent and scientific evaluation process, while supporting the broader shift towards organised gold recycling in the country.”
Muthoot Exim Pvt. Ltd. (MEPL) has been at the forefront of innovation in the precious metals market. As the first organized player to launch a gold recycling centre in India, MEPL has continuously set benchmarks in the industry. Since the opening of its first Gold Point Centre in Coimbatore in 2014, the company has expanded to major cities including Mumbai, Bengaluru, Chennai, Ernakulam, Trivandrum, Delhi NCR, Kolkata, Hyderabad, Hubballi, Nagpur, Barasat, Tirunelveli, Guntur, Warangal, Davangere, Bhubaneswar, Kalaburagi, Thrissur, Lucknow, Mohali, Vellore, Faridabad, Kozhikode, Trichy, Belagavi, Serampore, Mathura, Secunderabad and now Kakinada consistently offering high-quality products at affordable prices.
For more information about the Sholinganallur branch:
Address: Muthoot Gold Point, Shop No G-18, Ground Floor, Kalaignar Karunanidhi Salai, Sholinganallur, Chennai, Tamil Nadu- 600119.
