Muthoot ATM Franchise – Apply, Cost, Requirement, & Profit

Are you interested in venturing into a distinctive business concept that demands minimal time investment? Do you seek a franchise model that offers a cost-effective approach and ensures a steady and profitable return? Have you been searching for reliable information on the Muthoot ATM business?

Your search ends here! In this all-inclusive piece, we will delve into the Muthoot ATM Franchise, including its cost, fees, profits, and address some frequently asked questions about the chain.

Over the period or last few years, We have seen the rapid surge in the digital transactions across India and we even thought that Cash will become obsolete, but it does is unlikely to happen in the near future.

In fact, consider the India’s growth prospects and several initiative taken by the government, it is quite safe to quote that Cash will always remain an integral part of the business landscape.

So, why not start a business that can offer a great return with a least investment?

Embarking on a partnership with a reputable ATM franchise can present lucrative investment opportunities for aspiring entrepreneurs. In this discussion, we will delve into the increasingly popular Muthoot ATM business, which has emerged as a promising avenue for franchise prospects.

Did you know:

The Global ATM Market was worth around US$ 22.2 Billion in 2022, and the industry experts are expecting it to reach a valuation of US$ 29.6 Billion by 2028, signifying a growth rate(CAGR) of 5% during 2023-2028.

Imarc Group Report

• Brand: Muthoot Finance
• Founded: 1887
• HQ: Kochi, Kerala, India
• Founder: Shri Ninan Mathai Muthoot
• Revenue: ₹ 534,170 million
• Franchise Fee: ₹5 lakh
• Area Required: 60-80 for ATM
• Earning Potential: Over 50,000 P.M.
• Total Initial Investment : ₹ 5 lakhs

Overview of Muthoot ATM Franchise

Muthoot is India’s largest and most trusted gold loan company, which was founded by Shri Ninan Mathai Muthoot in 1887. The chain was established as a modest trading business and quickly delve into the Gold business in 1939 by his son Shri. M George
Muthoot.

Since then, there is no setback for the chain and has been able to position itself as a major conglomerate promoting financial inclusion. At present, the company operates in multiple sectors, such as gold loans, banking, insurance, wealth management, hospitality, and more.

At present, Muthoot stands as a formidable chain with a valuation of ₹ 534,170 million. Its strong foothold extends across more than 29 states, encompassing a vast network of over 4,600 branches. With a dedicated base of over 100,000 investors, Muthoot caters to the needs of a staggering number of over 200,000 customers each day.

In addition to its primary gold loan services, Muthoot also forayed into the ATM business(Though a part of their team handles it). Their ATM Franchises cost a little investment and with a growing opportunity in the ATM industry, Muthoot ATM business may bring in enormous success to its franchise owner.

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The Journey of Muthoot Finance

Muthoot’s journey began in 1887 as a humble trading business, and it took them over five decades to venture into the gold loan industry. Since then, Muthoot has steadily diversified its operations, branching out into various sectors such as banking, insurance, and more.

Currently, The Muthoot stands at an impressive valuation of ₹ 534,170 million, a testament to their sustained efforts and gradual progress over time. Building upon their roots in Kerala, Muthoot strategically expanded its presence in Southern India before rapidly spreading throughout the rest of the country.

This growth was fueled by courage, continuous learning, and invaluable experience gained along the way.

Key Facts on Muthoot Finance

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Why consider owning a Muthoot ATM Franchise?

1. Strong Customer Base:
   • According to its latest annual report, Muthoot serves over 200,000 customers daily, which has been built over a period, and it will certainly increase in upcoming years.
     • It ultimately leads to higher transaction volumes and increased profitability.
2. Established Brand and extensive network:
   • Muthoot is oftentimes considered as a leading financial conglomerate that operates into a multiple finance sectors.
     • Hence, owning their franchise may help you with the opportunity to tap into this existing customer base, better accessibility, and increased footfall at the ATM store.
3. Low startup cost and high profit margin:
   • Like starting a SBI ATM franchise, owning a Muthoot ATM store may only require a low investment of ₹5 lakhs that may provide a consistent return of over ₹50,000 per month, making it a highly lucrative opportunity.

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How much does a Muthoot ATM Franchise Cost?

Irrefutably, Starting an ATM franchise such as Muthoot entails a low initial investment. However, the initial setup cost may depend on several factors, including the location, market potential, available floor area, and much more.

Nevertheless, to become an approved Muthoot ATM Franchise owner, one may only require an investment of ₹5 lakhs with a floor area of 50-60 sq feet. In addition to that, the initial investment does cover the cost/ fee for security deposit, equipment, and other miscellaneous expenses.

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How much is Muthoot ATM Franchise Profit Margin?

The franchisor, Muthoot has not disclosed an official profit margin for the Muthoot ATM business, which leaves us to quote an estimate figure based on the industry standards.

Usually, the profitability or the end margin of a ATM business is influenced by several factors, including the location, average transaction performed, locality, market potential, and many more.

However, it is noteworthy to mention that an ATM located at a high footfall area with a parking space may help its franchisee to anticipate a healthy profit margin of at least ₹50,000 per month.

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How much commission does Muthoot ATM Franchise provide?

As stated earlier, an average Muthoot ATM owner can expect a net profit margin of approximately ₹50,000 per month. This profit margin is comprised of both cash and non-cash transactions.

In terms of transaction-specific revenue, a Muthoot ATM owner may receive around ₹6-8 for each cash transaction and ₹2-3 for non-cash transactions such as balance checks and fund transfers.

Considering the growth prospects of the ATM industry and the increasing pace of cash withdrawals, it is estimated that an ATM placed at a busy street with a significant number of cash transactions could help its owner to expect a better profit margin of over ₹70,000 to ₹80,000 per month.

Note: The above mentioned numbers are solely an estimate. We at FranchiseGoal India, firmly recommend franchise aspirants to consult with authorized representatives for more accurate and up-to-date information.

What are the Muthoot ATM Franchise Requirements?

Starting an ATM Franchise like Muthoot usually requires a minimal investment and offers a decent return within a few months of its establishment. For more info about its eligibility and requirements, please read further;

1. Interested prospects should be financially well-qualified to invest a minimum of ₹5 lacs to manage and operate the Muthoot ATM’ daily operations.
2. Muthoot expect its franchise aspirant to have at least 60-80 sq feet of commercial space in high visibility locations with proper electricity supply and Air conditioners(AC).
3. Interested franchisees should have a passion to work in the Banking and Financial industry and should possess an entrepreneurial spirit to grow the Muthoot ATM business with complete ownership.
4. The Muthoot ATM business owner is expected to be personally sound and should possess strong business credentials.
5. The ATM location should be at least 100m away from other Muthoot ATMs.

Documents required for Muthoot ATM Franchise

Irrefutably, for setting up a Muthoot ATM in your area requires a number of documents and verifications;

1. Identity and Address Proof:
   • Aadhar Card
   • Pan Card
   • Electricity Bills
   • Landlord agreement for rental space
2. Proprietorship/Partnership/LLP Documents
   • Business/Trade Name
   • GST Certificate and GST Number
3. Bank Account Details
4. Security Deposit
   • Demand Draft for ₹5 lac refundable deposit

How to Get Muthoot ATM Franchise?

Starting a Muthoot ATM Machine Franchise will require a relatively low investment that may offer an impressive gross margin. Additionally, the Muthoot ATM chain may provide several benefits, and interested candidates can take up its outlets in their city through their expertise and endless support systems.

One can avail this franchise using below mentioned steps;

1. Visit Muthoot Finance’ official website and navigate to its contact us page;
   • Please fill in the details like Name, Email ID, Phone number, City, State, Zip code, country, and “personalized for ATM franchise”.

One can also connect with Muthoot Finance representatives at below details;

• North, East & West India: Toll-free No 1800 313 1212
• South India: Toll-free No 99469 01212

Official Details for Muthoot ATM Franchise

During our in-depth exploration of this franchise, we have come across several suspicious websites that bear resemblance to official platforms but are likely to be fishy or spam.

We at FranchiseGoal, advises franchise prospects to exercise caution and be aware of these deceptive websites to ensure your online safety and avoid falling victim to scams.

Fake Websites( We don’t authenticate it)

1. https://www.muthootgroupatm.com/
2. https://www.muthootgroupatm.in/

Official Information (Authenticated)

Final Takeaway – Conclusion

Muthoot is India’s leading and well-established banking and financial conglomerate that has expanded its business portfolio to multiple sectors, including the insurance, finance, ATM, hospitality and more.

Currently, the chain operates in more than 29+ states, which proudly serves over 2 lakhs customer daily. They also provide their ATM franchises to aspiring entrepreneurs that has a robust presence of over 4600 branches.

Muthoot takes pride in offering the SBI ATM franchise system to its franchisees, commonly referred to as the SBI Muthoot ATM franchise. This partnership allows franchisees to benefit from the SBI ATM franchise system and seize the opportunity to generate substantial earnings.

To become an approved franchise of Muthoot ATM, one has to investment at least ₹5 lacs. Interested applicants are advised to secure a suitable space of 50-80 sq feet in high visibility and high footfall area, which may offer a substantial profit of ₹50,000 per month from Muthoot ATM business.

The Final Thought – Overall, Muthoot ATM is lucrative and profitable opportunity for aspiring entrepreneurs looking to venture into a financial sector. With number of future expansion planned and low investment with high earning profitability, there is ultimately a huge growth potential for everyone. 

So, Be cautions, while you apply! Don’t apply thorough a illegal way.

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