Focused on customer happiness since 1950

Moonthunghal Augustine CyrilGroupis a fully privately owned and operated company established in the city of Kochi,in Kerala – a state located in southern India. Mr. Cyril Moonthungal Augustine (1921 – 1997) was globally renowned for his entrepreneurship. He founded the first gold retail jewelry and in Palace Road, in southwest Fort Kochi, Kerala, India in the year 1956.

In 1960’s he pioneered a simple savings plan for the poor through which all walks of life could acquire gold ornaments as a saving. In those days, Gold ornaments were restricted to the rich. This led the group through growth for several decades and thereby becoming a household name in Kochi’s heartland. There are couple of roads in the city of Kochi named after Mr.M.A Cyril by the Corporation of Cochin making him an immortal name in the city of Kochi.

Mr. Cyril and his wife Mrs. Greephy Cyril had 8 sons and 2 daughters. M.A Cyril Group was founded in 1990 under the leadership of his 3rd son, our Chairman Mr.Augustus Cyril, B.Comm (DOB 11 – 1952) who diversified the family business through direction from his late father.


M.A Cyril


Augustus Cyril


Antony Cyril

Managing director

Pioneers in gold loan private banking since 1990

CYRILS BANKERS was found in 1990 as Kerala State Money lending licenced money lending companywhich serves walk-in customers at 9 retail locations. Cyrils Bankers grants gold loans against pawned security of assayed and tested gold ornaments , bullion and coins which are of a minimum 91.6% purity gold or 22 carats held in our safe deposit vaults . Collateral is often placed against a minimum 80% value and applicable interest rates to reduce loss.

Key Fact Fund Details Key Fact Details
Annual Turnover 4.0 Million USD Customers Over 5000
Gold Collateral 60 Kg Interest Rate 18 -24%
Repayment schedule Monthly till maturity Asset backed Gold ornaments of 22 CT or 91.6 % purity