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CHAIRMAN’S MESSAGE

Globalisation

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MESSAGE FROM LATE SHRI M. G. GEORGE MUTHOOT

Late Shri M. G. George Muthoot

Group Chairman
The Muthoot Group of Companies

(1949 - 2021)

As a member of the 18th generation of the Muthoot Family and the current Chairman of The Muthoot Group, I take humble pride in stating that The Muthoot Group is an organization that has an unblemished family business legacy of over 800 years! I feel that very few families world over could take pride in such a rare and unique distinction. The Muthoot Group, which formally started as a small trading business enterprise in Kozhencherry in 1887, is today a business conglomerate with 20 diversified business divisions and a network of 5330+ branches across India and a global presence across the USA, UK, UAE, Central America, Sri Lanka, and Nepal. Every day more than 2.5 Lac customers are served satisfactorily by our team of 40,000+ dedicated employees.

Guided by the uncompromising founding principles of Ethics, Values, Reliability, Dependability, Trustworthiness, Goodwill, and Integrity, the Group thrives on the philosophy of ‘Unchanging Values in Changing Times’.

With inclusive growth as our core objective, we have been involved in the process of Financial Inclusion right from our inception through easy loans against household gold jewelry. While we are expanding consistently, we are also ensuring that our growth story is the story of our nation. We have always believed that our prosperity lies in the elevation of the quality of millions of lives across rural, semi-urban, and urban India with ‘Sustainability’ at the core of our businesses and activities.

Furthermore, through our countless CSR initiatives, we have been touching the lives of millions of fellow Indians giving shape to their dreams. As we grow and expand nationally and internationally, we continue to stay committed to the growth of our nation through our diverse and humble offerings.

ABOUT LATE SHRI M. G. GEORGE MUTHOOT

Late Shri M. G. George Muthoot

Group Chairman
The Muthoot Group of Companies

(1949 - 2021)

Shri M. G. George Muthoot, a graduate in Mechanical Engineering from Manipal Institute of Technology, attended various Executive Management Courses at the Harvard Business School. He joined the family business, The Muthoot Group, at a young age and became its Managing Director in 1979. He took over as the Chairman of the Group in 1993.

Under his able leadership, The Muthoot Group widened its scope of operations and turned into a business conglomerate comprising of 20 diversified business divisions with a widespread presence across India and overseas. Under his visionary leadership, Muthoot Finance Limited, the Group’s flagship Company became India’s largest gold financing company amongst NBFCs and the first-ever NBFC to join the ‘Rs. 1000 Crore Net Profit Club’.

He was conferred with numerous national and international awards, including the ‘AIMA Emerging Business Leader of the Year Award’ by the Honourable Union Minister of Home Affairs - Shri Rajnath Singh and the ‘Distinguished and Outstanding Alumnus of the Year Award’ by the Manipal University to name a few. Some of the other awards include the Lifestyle Icon of the Year, Skoch Financial Inclusion Award, Golden Peacock Award for Excellence in Business Leadership, Corporate Governance, HR and CSR and the NRI Bharat Samman Award.

He also served as the National Executive Committee Member of FICCI and held the coveted position of Chairman in the Kerala State Council. He also served as the Lay Trustee of the Malankara Orthodox Syrian Church for a period of 10 years.

Key Achievements

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