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 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, and the former Lay Trustee of the Indian Orthodox Church. ...

and G. Alexander Muthoot He, along with his father N. Mathai Muthoot, founded what would later become the Muthoot Group of Companies.

Early life

M. George Muthoot was born to N. Mathai Muthoot on 4 February 1911 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 South Kerala. N. Mathai Muthoot managed the family business of contract timber in the

Kingdom of Travancore The asterisk ( ), from Late Latin , from Ancient Greek , ''asteriskos'', "little star", is a typographical symbol. It is so called because it resembles a conventional image of a heraldic star. Computer scientists and mathematicians often voc ...

. Meanwhile, George joined the Indian army. He was married to Ammini George Muthoot and had seven children (six sons and one daughter), who now manage the Muthoot Group.

Business career

After completing his army service, he returned to Kozhencherry in 1925 and established a new partnership firm along with his father (Muthoot Chit Fund), which was primarily a

Chit Fund A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, ...

, and hence marking the foray of

Muthoot 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, preciou ...

into the financial sector. The company started by M. George Muthoot came to be known as the Muthoot Group and is today among the largest and most respected companies in

South India South India, also known as Dakshina Bharata or Peninsular India, consists of the peninsular southern part of India. It encompasses the Indian states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, as well as the union territo ...

. He and his son Dr. G. Kurien Muthoot were also instrumental in setting up a multi-specialty hospital in Kozhencherry (Muthoot Medical Center).

Early life

Business career

See also