M G George Muthoot

Mathai George George Muthoot (born 2 November 1949) is an Indian entrepreneur and businessman. He is the third generation of his family to be chairman of the Muthoot Group,[2] and the former Lay Trustee of the Indian Orthodox Church.[3] He is also a member of the National Executive Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Chairman of the FICCI Kerala State Council.

M. G. George Muthoot
Born (1949-11-02) 2 November 1949
Kozhencherry, United State of Travancore-Cochin (present day Pathanamthitta, Kerala), India
NationalityIndian
Alma materManipal Institute of Technology
OccupationChairman of the Muthoot Group
Net worthUS$4.8 Billion[1]
Children3
Parent(s)
Relatives

Forbes Asia Magazine listed him as the 50th richest man in India in 2011 and his ranking climbed to 44th richest in India according to the Forbes' India's Richest list 2019.[4] As per the Forbes rich list 2020, he is the richest man in the Kerala

Early life

Born on 2 November 1949 in Kozhencherry, Pathanamthitta, Kerala, M. G. George Muthoot is the grandson of Muthoot Ninan Mathai, founder of the Muthoot Group, and the third son of M. George Muthoot, founder of the financial services arm of that group. He graduated from Manipal Institute of Technology with a degree in Mechanical Engineering, specialising in automobile and air-conditioning.

Career Graph

Muthoot's first job was as an office assistant in the family's bank. In 1979, he became managing director of the bank. He was appointed chairman of Muthoot Group in February 1993.

At the time he took over the operations at Muthoot, the Group had 31 branches in four states, namely Kerala, Delhi, Chandigarh and Haryana. There are 4433 branches today and the Group has an annual turnover of Rs. 255 billion ($4.5 Billion)[5] as of May 2009

Muthoot is a member of the executive committee of the Federation of Indian Chambers of Commerce and Industry, and the Chairman of the FICCI Kerala State Council.

Muthoot was awarded the Mahatma Gandhi National Award by the Mahatma Gandhi National Foundation in 2001 for his contributions to Indian industry. In 2012, he received the Golden Peacock Award for Corporate Social Responsibility. In January 2013, Muthoot Finance was Awarded The SKOCH Award for Financial Inclusion.[6] M.G George Muthoot was honoured with the Distinguished and outstanding Alumnus of 2015 award instituted by Manipal University.[7]

Muthoot was ranked 50th with $1.10 bn in the list of Indian billionaire by Forbes October 2011.[8]

Personal life

Muthoot is married to Sara George Muthoot, who is the Director of St. George’s High School in New Delhi.[9] They have three sons. Their eldest son George M. George is the Executive Director of the Group and the youngest son Alexander George who is the Director of the Group. Their second son, Paul Muthoot George, was murdered in 2009.

References
  1. https://www.forbes.com/profile/mg-george-muthoot/
  2. "Archived copy". Archived from the original on 16 February 2009. Retrieved 3 March 2010.CS1 maint: archived copy as title (link)
  3. "Archived copy" (PDF). Archived from the original (PDF) on 28 July 2011. Retrieved 3 March 2010.CS1 maint: archived copy as title (link)
  4. "MG George Muthoot & family". Forbes. Retrieved 16 September 2020.
  5. "Muthoot group’s annual business meet today". @businessline. Retrieved 16 September 2020.
  6. "Muthoot Finance Honoured: Latest News, Videos and Photos of Muthoot Finance Honoured | Times of India". The Times of India. Retrieved 16 September 2020.
  7. "M. G. George Muthoot honoured Award". mtrack.merryspiders.com. Retrieved 16 September 2020.
  8. "Forbes List Directory". Forbes. Retrieved 16 September 2020.
  9. "Archived Copy" (PDF). IOD Online. Retrieved 16 September 2020.
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