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The Muthoot Group is an Indian multinational conglomerate headquartered in Kochi, Kerala. [3] It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, restaurant, and hospitality.
Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. [4] In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins .
Muthoot Pappachan Group, also known as Muthoot Blue, is an Indian financial services conglomerate founded in 1887 by Ninan Mathai Muthoot. [ 4 ] [ 5 ] [ 6 ] Headquartered in Thiruvananthapuram , Kerala , the group has a workforce of more than 26,000 employees across 4,200 branches in India.
The Muthoot family is one of the foremost business houses in South India. The family has interests in various sectors of business varying from financial services to media . The founder of the Muthoot Group was M.N. Mathai (who goes by N. Mathai Muthoot), from whom the business house was later taken over by his son, M. George Muthoot ,.
He was appointed chairman of Muthoot Group in February 1993. [citation needed] 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 ₹450 crore ($4.5 Billion) [4] as of May 2009.
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The conglomerate has since grown exponentially, and is currently present in over 16 diversified industries in 4 different countries. Alexander Muthoot is also the managing director of Muthoot Finance, a pioneer in Gold Banking. With over INR 263.87 bn in Assets Under Management, Muthoot Finance is India's Largest Gold Loan company (as of May 2013).
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