Narasaraopet is situated in the Guntur district of Andhra Pradesh. The municipal town functions as the headquarter of the Narasaraopet revenue division and the Narasaraopet Mandal. Narasaraopet has received its name from a wealthy landlord who earlier owned most of the surrounding areas, known as Narasa Rao. This town is the major commercial trading center in the Guntur district. it also has a lot of educational institutes. The town is surrounded by many engineering, dental, PG and pharmacy colleges. The town of Narasaraopet was built on flat land surrounded by hilly extensions of the Eastern Ghats. Narasaraopet experiences exceptionally hot summers and mild winters. Monsoon rains are concentrated in the months of July?September. The town is home to more than 1 lakh residents who mostly speak in Telugu. A major religious fair dedicated to Lord Shiva is held at Kotappakonda located near Narasaraopet and it is an attractive tourist destination.
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.