The Muthoot Group
Today, The Muthoot Group is a multi-faceted business conglomerate that has been serving the nation for over 130 years. The formidable business empire comprises 18 diversified divisions including Financial Services, Wealth Management, Money Transfer, Forex, Securities, Vehicle & Asset Finance, Media, IT, Healthcare, Housing & Infrastructure, Education, Power Generation, Leisure & Hospitality, Plantation & Estates, Precious Metals, Travel Services, Housing Finance & Overseas Operations.
The Muthoot Group’s business origins can be traced back to 1887 when it started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management – Shri M G George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations.
The Group’s flagship company, Muthoot Finance Ltd., has been serving millions of underserved and unbanked Indians to bring them under the banking network by providing them with easy gold loans. This has in turn led to their financial inclusion. Muthoot Finance, today has a presence across India and abroad through its network of 4200 plus branches and has served over 48 crore customers till date. Muthoot Finance is a listed company registered with the RBI as a Systemically Important Non Deposit Taking NBFC.
On the Road to Success
The Muthoot Group is a flourishing business empire that has pervaded into each and every big & small town of the country, is home to 18 diversified divisions and 4500 plus branches with a global presence. Over 2,53,000 customers visit The Muthoot Group branches every day. The Group has served over 48 crore customers (including repeat customers) till date. The story of The Muthoot Group is built on the foundations of passion, commitment, honesty, traditions and values. Our principle of continuous growth and expansion forms the essence of all our activities.
The Group recently celebrated 130 years of unblemished business excellence lending services to millions of underserved Indians leading to Financial Inclusion even in the most remote and rural areas of the country. Since its inception, The Muthoot Group has been transforming lives of millions of Indians across the country, giving wings to their dreams and creating successful realities. The Muthoot Group has not only grown exponentially but has also facilitated growth for a sizeable population of the country that falls in the underprivileged category.
The Muthoot Group, which has a family legacy of 800 years, was founded in 1887 by Late Shri Ninan Mathai Muthoot, as a modest trading business in the remote village of Kozhencherry in Kerala. The village was geographically handicapped and devoid of all prerequisites for starting and expanding a business such as – mobility, land, resources, industry and favourable market conditions, etc. Despite such challenging situations, The Muthoot Group continued to grow and expand as a result of the sheer will, diligence, honesty and trustworthiness exhibited by its founders.
Today, The Muthoot Group has established for itself a formidable reputation and has garnered the trust of millions of customers. The success of the Group has its roots in its concern for the society and unceasing acts of altruism, the commitment and hard-work put in by its 30,000 employees strong workforce and the trust of its millions of loyal customers.
Each day, we strive to keep our values and ethics intact to serve our customers with services of utmost quality, ensure a sustainable existence and rise up to contribute to the building of our nation.