Firozabad, a city in the Indian state of Uttar Pradesh, is commonly known by its nicknames "Suhag Nagari" and "The city of Glass." It was earlier known as Chandwar Nagar which was changed to Firozabad after a local champion named Firoz, during the rule of Emperor Akber. The city has been famous for glass and bangle works since these early days and hence its nicknames are extremely appropriate. The glass bangles and related small-scale industry of Firozabad are famous throughout the world. Firozabad suffers from low literacy levels and pollution. Child labor is intensely practiced in this city. Moreover, Firozabad also experiences an acute water crisis as the available water is polluted beyond repair by the discharge from various factories. Around 6 lakh people live in this city that experiences severe climatic conditions in both summer and winter. Most of the residents ofFirozabad are employed in the various units of manufacturing glass products.
Muthoot Finance Ltd. is known as one the large gold financing company in the world. The company also offers other services a part from gold financing such as , money transfers, wealth management services,foreign exchange , travel and tourism and selling of gold coins at branches of Muthoot Finance Ltd. The headquarters of the company is located in Kerala, India, and it operates over 4,400 branches across India. Overseas, It has established its office in the UK, the US, and the UAE. The stocks of the company are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange, while the company comes under the brand umbrella of the Muthoot Group. The target market of Muthoot Finance consists of small businesses, SME business owners, vendors, farmers, traders, and salaried individuals. In 1939, M George Muthoot founded Muthoot Finance. The Reserve Bank of India has licensed Moothot Finance company under Companies act of 1956 to operate as NBFC without taking public deposits, and it is liberated from Money Lenders Acts provisions in Karnataka and other states. The gold loan business of the company constitutes more than 99% of its total revenue.