Muthoot Microfin increases its headcount by 37%, plans to hire 1,500 people

During the pandemic-hit period, the company hired more than 2,300 employees as it opened as many as 64 new offices across different parts of the country, according to a statement.

Microfinance company Muthoot Microfin has expanded its employee strength by 37 per cent during the FY 2020-’21 when retaining employees and maintaining salaries came across as a major challenge for businesses worldwide.

During the pandemic-hit period, the company hired more than 2,300 employees as it opened as many as 64 new offices across different parts of the country, according to a statement. Most of the new employees were roped in as part of recruitment drives conducted for candidates who had lost their job due to the pandemic.

With a current employee strength of 6,388 people, the company plans to add 1,500 more employees in the current FY.

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