George Alexander Muthoot (born 16 September 1955) is an Indian entrepreneur and businessman who is currently the managing director of the Muthoot Group, a business conglomerate in India.

Personal life

George Alexander Muthoot was born to

M George Muthoot Mathai George Muthoot (4 February 1911 – 31 January 1993) was an Indian entrepreneur and businessman, prominent for his pioneering work in the South Indian financial sector. He is the father of M. G. George Muthoot and G. Alexander Muthoot ...

and Ammini George Muthoot on 16 September 1955 in

Kozhencherry Kozhencherry ( ml, കോഴഞ്ചേരി) is a census town in Pathanamthitta district of Central Travancore region (South Central Kerala) in Kerala state, India. census, the population was 433,357 people in 92,825 households. History Kozh ...

, a small town in

Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...

. M. George Muthoot managed the family business of Chit funds in Kozhencherry. He did his Bachelors in Commerce from

St. Thomas College, Kozhencherry St. Thomas College, Kozhencherry is a government-aided college in Kozhencherry, Kerala state, South India. Established in 1953, it is administered by the Mar Thoma Syrian Church. Juhanon Mar Thoma Metropolitan and K. T. Thomas, Kurumthottickal ...

( University of Kerala), and was awarded a gold medal for obtaining the first rank in the state for the degree. He is also a Chartered Accountant certified by the

ICAI The Institute of Chartered Accountants of India (ICAI) is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory bod ...

, and secured All India Rank 18 for his final examinations. He leads the Muthoot M. George Foundation (MMGF), which disburses over Rs. 250 million annually primarily for the purpose of Education and Healthcare (with focus on Kidney related ailments). Being an industry leader in the Gold Banking, in 2007 George was awarded his PhD in "Non-Traditional Banking with special reference to Gold" by the Open International University – Colombo, Sri Lanka. He paid for an

Engineering College Engineering education is the activity of teaching knowledge and principles to the professional development, professional practice of engineering. It includes an initial education (Bachelor's degree, bachelor's and/or master's degree), and any ...

Kochi Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...

, named Muthoot Institute of Science and Technology.

Business career

George Alexander Muthoot was appointed as the managing director of the Muthoot Group in February 1993. The conglomerate has since grown exponentially, and is currently present in over 16 diversified industries in 4 different countries. George 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). The group has various interests in sectors such as

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

plantations A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The ...

, media,

hospitality Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis de Jaucourt, Louis, chevalier de J ...

, healthcare, education,

power generation Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stor ...

, infrastructure and money remittance. George is the President of the Association of Gold Loan Companies, an industry lobby formed by the Gold Loan companies in India, and is also the Ex-Chairman of the Kerala Non-Banking Finance Companies Welfare Association. An industry leader in Gold Banking, George is often invited to forums such as

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...

and the Indian Banking Conference (BANCON),he has also participated as a guest lecturer in IIM Kozhikode, Tricy and ISB Hyderabad. and frequently authors articles in Indian news-dailies such as

The Economic Times ''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language bus ...

and Hindu Business Line. ''

India Today ''India Today'' is a weekly Indian English-language news magazine published by Living Media India Limited. It is the most widely circulated magazine in India, with a readership of close to 8 million. In 2014, ''India Today'' launched a new onl ...

'', a weekly magazine, ranked George as one of the most influential people in the State of

in the year 2005.

Asianet Asianet may refer to: Disney Star channels *Asianet Communications, an Indian media company wholly owned by Disney Star **Asianet (TV channel), a Malayalam language general entertainment channel **Asianet Plus, a Malayalam language general entertai ...

, an Indian television channel, selected George as one of the Millennium leaders in 2000. '' Dhanam'', a fortnightly magazine in India, ranked Muthoot as one of the most important business families in Kerala. In the year 2013 Dhanam Magazine also conferred upon George the prestigious Businessman of the year Award. He received the CA business Achiever Award 2013 under Financial Service sector from Institute of Chartered Accountants of India, New Delhi.

References

{{DEFAULTSORT:Muthoot, M. George 1954 births People from Pathanamthitta district Indian chief executives Businesspeople from Kerala Living people Indian accountants Muthoot Group

Personal life

Business career

See also

References