Home / Business and Economy / Muthoot Finance Refutes Relationship with Srei Companies
Muthoot Finance Refutes Relationship with Srei Companies
12 Oct
Summary
- Muthoot Finance clarifies no commercial ties with Srei
- MD summoned by ED for information on Srei NCD facilitation
- Dismisses claims of misrepresenting Srei as sister concern
As of October 13th, 2025, Muthoot Finance has firmly denied having any commercial or business relationship with the Srei group companies. The company has clarified that its managing director was recently summoned by the Enforcement Directorate (ED) to provide factual information and clarifications about Muthoot's role in facilitating the non-convertible debentures (NCDs) issued by Srei group companies.
Muthoot Finance has also dismissed claims that it had misrepresented the "Srei Cos" as a sister concern of the Srei group. The company emphasized that there has never been any commercial or business ties between Muthoot Finance and the Srei companies or their directors and promoters.
This development comes as the Srei group has faced significant financial troubles in recent times, leading to increased scrutiny of its operations and relationships with other entities. Muthoot Finance's swift response aims to distance itself from the Srei situation and maintain its reputation as an independent financial services provider.
