Mathai George George Muthoot (2 November 1949 – 5 March 2021) was an Indian entrepreneur and businessman. He was the third generation of his family to be chairman of the

Muthoot Group The Muthoot Group is an Indian multinational conglomerate headquartered in Kochi, Kerala. It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious me ...

, and the former Lay Trustee of the

Indian Orthodox Church The Malankara Orthodox Syrian Church (MOSC) also known as the Indian Orthodox Church (IOC) or simply as the Malankara Church, is an autocephalous Oriental Orthodox church headquartered in Devalokam, near Kottayam, India. The church serves ...

. He was also a member of the National Executive Committee of the

Federation of Indian Chambers of Commerce and Industry The Federation of Indian Chambers of Commerce & Industry (FICCI) is a non-governmental trade association and advocacy group based in India. History Established in 1927, on the advice of Mahatma Gandhi by Indian businessman G.D. Birla an ...

(FICCI) and the Chairman of the FICCI Kerala State Council.

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

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

, founder of the financial services arm of that group. He graduated with

Bachelor of Engineering A Bachelor of Engineering (BEng) or a Bachelor of Science in Engineering (BSE) is an academic undergraduate degree awarded to a student after three to five years of studying engineering at an accredited college or university. In the UK, a Ba ...

from

Manipal Institute of Technology Manipal Institute of Technology (shortened MIT Manipal) (formerly Manipal Engineering College) is a private constituent institution of Manipal Academy of Higher Education that specializes in engineering. MIT contains 17 academic departments an ...

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 Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land a ...

. There are 4433 branches today and the Group has an annual turnover of Rs. 255 billion ($4.5 Billion) . Muthoot was a member of the executive committee of the

, and the Chairman of the

FICCI The Federation of Indian Chambers of Commerce & Industry (FICCI) is a non-governmental trade association and advocacy group based in India. History Established in 1927, on the advice of Mahatma Gandhi by Indian businessman G.D. Birla an ...

Kerala State Council. Muthoot was awarded the Mahatma Gandhi National Award by the Mahatma Gandhi National Foundation in 2001 for his contributions to the 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. M.G George Muthoot was honored with the Distinguished and Outstanding Alumnus of 2015 award instituted by Manipal University. Muthoot was ranked 50th with $1.10 bn in the list of Indian billionaires by Forbes in October 2011.

Personal life

Muthoot was married to Sara George Muthoot, who is the Director of St. George’s High School in New Delhi. 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.

Death

M. G. George Muthoot died on 5 March 2021 aged 71 at a private hospital in

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders ...

after falling from 4th floor of his house. His dead body was taken to his native place, and was buried there with full state honours.

References

{{DEFAULTSORT:Muthoot, M. George 1949 births 2021 deaths People from Pathanamthitta district Businesspeople from Kerala Indian Christians