About us

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.

Mr. Cyril is a native of Fort Kochi and was a self-made business conglomerate and a devoted Christian who emerged from the minority Latin community of Kochi, Kerala.His social work for the church and people in Kerala was known across the state and worldwide. In 1986 Mr. Cyril was the recipient of the highest civilian award from the Vatican, the ‘ Pro Ecceletia e.t. Pontifice awarded by pope John Paul II during his papal visit to India.








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.

  • Board member of Kerala Private Bankers Association
  • Cyrils Bankers is a Kerala State Money Lending Licence holder since 1990 in Kochi , Kerala
  • 9+ retail locations across the city of Kochi , financial capital of Kerala , India.
  • Customers pledge their gold ornaments as collateral for a short-term loan.
  • Annual interest rate of 18 to 28% applicable*
  • Gold is held in insured safe deposit lockers at the premises.


Key FactDetailsKey FactDetails
Annual Turnover2.5 Million EurosCustomersOver 5000
Gold Collateral50+ KilosInterest Rate18 -24%
Repayment scheduleMonthly till maturityAsset backedGold ornaments of 22 CT or 91.6 % purity


* Figures as of YE 2019


Cyrils Bankers is an official agent of Western Union and Moneygram thereby enabling customers to send and receive funds to others, pay bills, locate Western Union and Moneygram locations, track transfers, and to purchase Western Union and Moneygram services.


GREEPHY CYRIL NIDHI LTD is a mutual benefit fund company or a “nidhi “company found in 2017 in the Indian non-banking finance sector. It is recognized under section 406 of the Companies Act, 2013. Our core business is borrowing and lending money between the members of this fund.Offers interest starting from 9%on deposits to members of funds on loans backed by gold.